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Shanxi Lanhua Sci-Tech Venture Co..,Ltd.(Shanxi Lanhua,SH:600123)is headquartered in Jincheng,Shanxi province,listed onthe Shanghai Stock Exchange in 1998.Its main industries include production of coal,fertilizer and fine coal chemicals,etc.,andthe company boasts a capacitv of 6 million tons of coal,700 000 tons of synthetic ammonia,1.2 million tons of urea,200 000 tonsof methanol and 100 000 tons of dimethyl ether.In 2008,the main operating revenue for the first three quarters reached RMB3.557billion,with a net profit of RMB935 million,and the full-year net profit is expected to increase by over 100% come,areal with 2007.When Shanxi Lanhua was first established,its materials consumption was stupendous and cost management was out of controldue to unclear responsibilities and poor performance evaluation,In order to better adapt to the demands of the market economy,in2001,Shanxi Lanhua proposed a monagement model,i.e.“Comprehensive Budget Monagement,Interior Market Monagement andInformation Management in Trinity”as the core of management.Comprehensive budget is the target of the model,interior marketis the means,and information management is the support.
Shanxi Lanhua Sci-Tech Venture Co., Ltd. (Shanxi Lanhua, SH: 600123) is headquartered in Jincheng, Shanxi province, listed on the Shanghai Stock Exchange in 1998.Its main industries include production of coal, fertilizer and fine coal chemicals, etc., and the company boasts a capacitv of 6 million tons of coal, 700,000 tons of synthetic ammonia, 1.2 million tons of urea, 200,000 tons of methanol and 100 000 tons of dimethyl ether. In 2008, the main operating revenue for the first three quarters reached RMB3.557billion, with a net profit of RMB935 million, and the full-year net profit is expected to increase by over 100% come, areal with 2007.When Shanxi Lanhua was first established, its materials consumption was stupendous and cost management was out of controldue to unclear responsibilities and poor performance evaluation, In order to better adapt to the demands of the market economy, in2001, Shanxi Lanhua proposed a monagement model, ie “Comprehensive Budget Monagement, Interior Market Monagement and Informa tion Management in Trinity ”as the core of management.Comprehensive budget is the target of the model, interior marketis the means, and information management is the support.