Some days ago, the Nanjing Municipal Bureau of Commerce and Industry (NMBCI) held a ceremony offer awards to the 19 Nanjing-based enterprises, including the Sanpower Group, announced to be enterprises that “Observe Contracts and Value Credit.”

    At present, enterprises receiving the “Observing Contracts and Valuing Credit” award are evaluated at national, provincial, municipal, and district levels in China. Whether an enterprise has received this qualification of “observing contracts and valuing credit,” and what grade of qualification the enterprise has received, has become one of the prerequisites for whether many enterprises will be nominated as a Famous Trademark, can participate in the bidding for major engineering and other projects, and can gain the credit rating of or obtain loans from banks. At present, Nanjing boasts 5,808 enterprises with the “Observing Contracts and Valuing Credit” award at all levels, including 19 national-level, 143 provincial-level, 604 municipal-level, and 5,027 district-level enterprises.

    In recent years, the Sanpower Group, spearheaded by Chairman Yuan Yafei, has formed a contract management organizational system, with a sound and complete system, personnel, and institution for contract management. At the same time, the Sanpower Group has made great efforts to promote the establishing of a contract management information system, has further subdivided comprehensive contract management, has strengthened contract risk prevention and control, and has raised the enterprise’s status in standard operations and compliance management. In all this, the Group has actualized scientific, systemized and standardized contract management, and has achieved a 100% rating in review submittals, auditing, and signing of contracts. In creating an enterprise that “observes contracts and values credit”, the Company has held to its core of “creating exquisite products, ensuring safety, retaining credit, and establishing image,” has cultivated and strengthened its core competitiveness thanks to its top-ranking management, powerful technology, and excellent services, has endeavored to provide satisfying services for customers and received unanimously favorable feedback, and has enjoyed a continuous reinforcement of its comprehensive strength and an obvious enhancement in its social influence and reputation.

    The national-level honor of “Observing Contracts and Valuing Credit” awarded to the Sanpower Group at this time represents society’s acknowledgement of Sanpower’s long-term credit-abiding operations, providing a powerful support for the enterprise to participate further in market competition, and will positively impact the Sanpower Group's development.