On July 14, 2018, Credo Pump held a summary meeting of the first half of 2018 and the work plan for the latter half of the year. Mr. Kang Xiufeng, chairman of Credo, summarized the work of the first half of 2018, praised outstanding employees, and made detailed plans for the latter half of the year, focusing on the development.

At the conference, Mr. Kang made a detailed summary and analysis of the business situation: in the first half of 2018, with the efforts of all of you, the main indicators such as contract, delivery and payment collection increased significantly, and the company entered a rapid stage of development. After the test of the market for a long time, the problems are increasingly prominent: for example, the product homogeneity competition is fierce; the delivery time restricts the development of the market; Material prices rose and gross margin growth slowed. With the promotion of the company's brand awareness, the development trend of the secondary market and foreign e-commerce is growing rapidly, strengthening the development and management of key customers, focusing on the development of the market of energy-saving companies and overseas markets, and consolidating the sales growth trend of existing products are all issues to be considered and solved in the second half of the year.

Performance review in the first half of 2018, we have laid a solid foundation, looking forward to work target in the second half of 2018, we have been clear about the specific direction, I believe that as long as we Credo people unite as one, solidarity, hard work, sum up experience and lessons, continuous improvement, we can achieve it, for the society to provide more energy efficient, more reliable, more intelligent pump products.