News Center


30

2024

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10

Zhou Mingqin, Chief Accountant and Chief Auditor of Sinomach, conducted researches on Automotive Engineering Corporation's overseas institutions and projects


Recently, Zhou Mingqin, the Chief Accountant and Chief Auditor of Sinomach, went to Germany to conduct researches and investigations on Automotive Engineering Corporation's overseas businesses and financial works. Wang Mowei (Deputy Director of Finance Department (in charge of work)), Liu Ting (Deputy Director of Audit Department), and relevant comrades of Sinomach accompanied the research. Zhang Zhiliang (Chief Financial Officer and Secretary of the Board of Directors of Sinomach), Chen Meixia (Chief Financial Officer of Automotive Engineering Corporation), Wang Zhiping (Assistant General Manager of Automotive Engineering Corporation), and Financial Director of Germany Branch of Automotive Engineering Corporation participated in the research.

 

 

During his stay in Germany, Zhou Mingqin visited and conducted researches on a well-known electric vehicle factory in Berlin to learn about the implementation of Automotive Engineering Corporation's project, and had in-depth discussions with customers on their opinions and expectations regarding the project; conducted discussions and exchanges with two local suppliers (SEW and MR Plan), with a focus on understanding the financial management models of their overseas branches, conducted in-depth discussions and exchanges, and listened to experience and suggestions; organized a business forum for European enterprises of Sinomach to discuss the financial management and risk prevention of Sinomach's overseas enterprises, and provide guidance on improving financial management and providing financial policy support for overseas enterprises.

 

During his research, Zhou Mingqin went deep into the project site, conveyed his sympathy to overseas frontline employees, held discussions and exchanges, and gained a detailed understanding of the financial management situation, overseas engineering project management, and risk prevention and control work of overseas enterprises, as well as put forward requirements for the works in next steps of the enterprises:

 

Firstly, take both development and safety into account. Strengthen risk prevention and control awareness, pay close attention to operational risks, legal risks, and financial risks, strengthen financial management and audit supervision, and improve the risk prevention and control system and mechanism.

 

Secondly, comprehensively strengthen overseas financial management. Summarize financial management experience of the project site, and further strengthen standardization of financial management and support for businesses in accordance with the financial accounting and tax policies of the country where the business are conducted, and create financial values.

 

Thirdly, conscientiously carry out and solidly promote implementation of ongoing projects. Attach great importance to project quality, progress, safety production, and social responsibility, complete projects with high quality, high standards, and high levels, and build the Sinomach brand.