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Xuefei of Hubei Province was incorporated into the pilot unit of establishing modern enterprise system of 100 private enterprises in Hubei Province

(Summary description)At the beginning of December, the special leading group of Hubei Province to support the healthy development of non-public economy, system and mechanism innovation, issued a paper, and selected 100 qualified backbone private enterprises throughout the province to carry out pilot work. Hubei Xuefei Chemical Co., Ltd. was included in the first batch of 100 private enterprises in the province to establish a modern enterprise system pilot enterprises.

Xuefei of Hubei Province was incorporated into the pilot unit of establishing modern enterprise system of 100 private enterprises in Hubei Province

(Summary description)At the beginning of December, the special leading group of Hubei Province to support the healthy development of non-public economy, system and mechanism innovation, issued a paper, and selected 100 qualified backbone private enterprises throughout the province to carry out pilot work. Hubei Xuefei Chemical Co., Ltd. was included in the first batch of 100 private enterprises in the province to establish a modern enterprise system pilot enterprises.

Information
At the beginning of December, the special leading group of Hubei Province to support the healthy development of non-public economy, system and mechanism innovation, issued a paper, and selected 100 qualified backbone private enterprises throughout the province to carry out pilot work. Hubei Xuefei Chemical Co., Ltd. was included in the first batch of 100 private enterprises in the province to establish a modern enterprise system pilot enterprises.
 
Hubei Xuefei Chemical Co., Ltd. is a private enterprise specializing in the production and operation of nitrocellulose, which has a production history of more than 40 years. The company is a member of the International Association of Nitrocotton Manufacturers, a vice president of China Cellulose Industry Association, a pilot unit of "integration of industrialization and industrialization" in Hubei Province and one of the demonstration enterprises of popular science in Hubei Province. Over the years, the company has always insisted on keeping pace with the times, unshakable guiding ideology of scientific development, constantly promoting technological innovation and upgrading the technological content of products. Its "Xuefei Brand" nitrocellulose has won the title of famous brand product in Hubei Province, and enjoys a high reputation in the industry. At present, the company has more than 60 specifications of nitrocellulose products, which are well-sold in domestic and foreign markets. The company has been awarded the titles of "excellent private enterprises", "advanced production safety units", "advanced environmental protection units" and "outstanding contribution enterprises to tax payment" by the local Party committee and government for many times.
 
It is understood that the first batch of pilot enterprises will focus on promoting the construction of property rights system, through property rights reform, the implementation of equity diversification reform, the implementation of standardized corporate restructuring, to promote the rationalization of property rights structure of private enterprises, the use of multi-level capital markets, and enhance the level of private capital securitization. Promote pilot enterprises to strengthen the construction of organizational system, promote the separation of ownership and management rights, establish and improve the "three meetings and one layer" organizational structure and major decision-making checks and balances mechanism of shareholders'meeting, board of directors, board of supervisors and managers, and form a clear power and responsibility, coordinated operation and effective checks and balances decision-making implementation supervision system. Promote pilot enterprises to strengthen the construction of management system, improve basic management standards and norms, improve the internal control system of enterprises, form a more market-oriented operation mechanism, enhance enterprise resource sharing and information integration capabilities, and promote scientific decision-making. Through the promotion of classification, the pilot enterprises have basically established a modern enterprise system, the rate of asset securitization has been significantly improved, the level of scientific management has been significantly improved, and the vitality and competitiveness have been significantly enhanced.

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