Reftech was promoted to the 11th China Innovation and Entrepreneurship Competition

From August 24 to 25, the 11th China Innovation and Entrepreneurship Competition Henan Region and the 14th Henan Innovation and Entrepreneurship Competition Final were held as scheduled. After nearly two months of competition in the three links of online preliminary, local and municipal final and provincial final, Henan Ruitaike Industrial Group Co., Ltd. stands out from 2659 applicants across the province and will participate in the national competition of the "11th China Innovation and Entrepreneurship Competition" on behalf of Henan District as one of 65 enterprises selected by Henan Province.

The "China Innovation and Entrepreneurship Competition" has been held for eleven times by 2022. The theme of this session is "Innovation Leading, Entrepreneurship Building Dreams". The competition is a national event jointly held by the Ministry of Science and Technology, the Ministry of Finance, the Ministry of Education, the Central Cyberspace Office and the All China Federation of Industry and Commerce. The "14th Henan Innovation and Entrepreneurship Competition" is a local sub competition of the national competition. It is also the largest, the highest level and the most influential mass entrepreneurship and innovation event in Henan Province. It aims to recommend high-quality projects and excellent enterprises for the national competition. The number of enterprises participating in the competition in Henan Province increased by 89.1% compared with the previous year, reaching 2659. It is the largest number of enterprises participating in the competition over the years. The projects include high-end equipment manufacturing, new materials, energy conservation, environmental protection Biomedicine, new energy, new generation information technology and other hot fields.

In this competition, Zhang Hongzhe, Chairman of the Board of Directors of the Company, comprehensively demonstrated the company and team, technology and products, market scale and competitive product analysis, business model and implementation plan, financial data and financing planning, and introduced the four advantages of the Company, namely, "leading technology, complete categories, sound system, standardized management, excellent team, professional service, high-end positioning, and customer trust", The judges on the spot affirmed the technical strength and rapid development of Retec in recent years.

As an enterprise that has just been established for four years, RETEC has achieved technological research and development of new materials such as high zirconium bricks, alumina corundum bricks, zirconium corundum bricks and mullite bricks through "technological innovation" at the beginning of its establishment, and has rapidly opened the market through "circle marketing". In 2022, which is the beginning year of the second three-year plan of Ruitec, Ruitec will realize a huge leap in revenue and per capita output value of the "second and third plan" through the "management innovation" landing partner plan, learning organization building and information construction, by increasing market promotion efforts and improving order quality. By the end of July 2022, the company's operating revenue had increased by 20.67% year on year, and tax payment had increased by 31.91% year on year, In the general environment of market downturn, it achieved growth against the trend.

There is a dream in your heart and strength under your feet. Under the leadership of Chairman Zhang Hongzhe, all employees of Retec will adhere to the corporate mission of "providing high-quality refractory products and technical services professionally, contributing to the longevity, energy conservation and efficiency of glass kilns", and contribute to the development of China's refractory industry.