According to news released by the Wuhan Municipal Administration for Industry and Commerce in September 2020, the bureau announced the list of Wuhan enterprises recognized as "contract-abiding and credit-worthy" in 2018-2019. Wuhan Zhengwei Machinery Co., Ltd. is among them.
In order to standardize corporate contract behavior, promote the construction of corporate integrity systems, and create a culture that encourages integrity and punishes dishonesty, a rigorous multi-step review process was conducted. This process included voluntary declarations by enterprises, preliminary review recommendations by the District Industry and Commerce (Market Supervision) Bureau, and credit reporting and social announcements by relevant municipal departments such as taxation, human resources and social security, as well as soliciting opinions. Following this process, the Municipal Civilization Office, the Municipal Credit Office, and the Municipal Industry and Commerce Bureau have announced Wuhan Zhengwei Machinery Co., Ltd. and many other enterprises as Wuhan's "Contract-abiding and Creditworthy" enterprises in 2018-2019.
Wuhan Zhengwei Machinery Co., Ltd. truly deserves this honor. Since its establishment, the company has always adhered to the business philosophy of "people-oriented, customer first, honest management, and win-win cooperation", and strengthened management in a strict, conscientious, honest and trustworthy manner. For customers, the company has established and improved a series of contract management systems to strengthen contract management and ensure that contracts are performed as scheduled. In the establishment, performance, modification, termination and other activities of contracts, we use laws and regulations as the criterion and industry standards as the basis, thereby enhancing the effectiveness of contract performance. For employees, the company has signed labor contracts in accordance with the law and pays employees' wages on time every month. The company has never defaulted on employee wages. The company has no record of major quality or safety incidents. The company uses humanized management to create a good working atmosphere. The company has strong financial strength and a sound economic position, which has also laid a solid foundation for the performance of the contract.
Observing contracts, respecting credit and being honest have promoted the rapid development of Zhengwei Machinery. Observing contracts and respecting credit are the basis for the survival and development of an enterprise, the foundation for innovation, and the source of an enterprise's competitive advantage. We will innovate our thinking, make breakthroughs in development, use our own technical strength and professional capabilities, and continue to uphold the business philosophy of "people-oriented, customer first, integrity management, and win-win cooperation" to drive the company's performance to new heights.
