On January 12th, according to the financial statistic report, Hubei Yihua Group has achieved a sale income of 81 billion yuan in 2015, an increase of 1% over 2014. Compared with the rapid annual growth of more than 10 billion yuan, this 1% may not reflect the "speed and passion", but the enterprise has achieved a profit of 910 million yuan, attaining a year-on-year growth of 34%; a foreign exchange-earning volume of 980 million dollars, attaining a year-on-year growth of 130%. These data reflect the gratifying achievements in the development of enterprise transformation.

Jiang Yuanhua, the president of Yihua said in an interview, as the eldest son of the city\'s state-owned enterprises, we should get rid of the “complex of speed first” and the “mind-set of shifting anxiety” and shift our economic work concentration on improving the quality and efficiency of the economy and turn it from basically seeing how fast the economic speed is in the past into basically seeing how good the quality and efficiency is.

As Yihua concentrates on efficiency instead of speed and unswervingly maintain strategic concentration, the enterprise continues to maintain a development rhythm that every year is better than the last year under downward pressure in economy.

In 2015, Yihua has produced 8.03 million tons of raw coal and owned 6 billion tons of reservation ofcoal mine, phosphate rock, salt and other kinds of resourcesin all parts of the country. Relying on the phosphorus resources in Yichang and surrounding areas, the enterprise vigorously developed the high-end phosphate compound fertilizer and phosphorus fine chemicals and solved the problem of mining the rich the phosphate mines and abandoning the poor ones by the  implementing the integrated policy of “mining, selecting and adding”. Relying on the coal resources in Inner Mongolia, Qinghai, Xinjiang, Guizhou and other western provinces, it has developed a modern coal chemical industry and solved the problem of united production of heat,electricity and gas by implementing the integrated policy of the "coal, electricity and chemistry". Relying on the salt resources in Hubei Yingcheng and Chongqing Wanzhou, it developed the salt chemical industry, solved the problems of ammonia recycling and reduced the production of ammonium chloride which has low performance-price ratio through the development of joint production technology of alkali and saline calcium ammonium. In order to achieve the sustainable use of resources and energy conservation and emissions reduction, Yihua Chemical Corporation has established more than 10 low carbon recycling economy industrial park. 24 subsidiaries of YihuaChemical Corporation are high-tech enterprises. 16 subsidiaries has passed the audition of national clean production and won more than 300 patents and more than 500 national, provincial and municipal scientific and technological achievements.

On December 30th last year, Yihua signed a 10 billion Yuan Yihua industrial upgrading fund of the Yangtze River Economic Belt with Hubei Province High and New Technology Industry Co., Ltd to make industrial upgrading of synthetic ammonia gasification device of its related subordinate companies. After the upgrading, not only will the factory’s surroundings be improved greatly, but the factory will become a garden-like one, enjoying the significant advantages of low production cost and high labor productivity. The total scale of this synthetic ammonia plant upgrading is 2 million tons per year and the total investment of this project is about 6 billion yuan. After being put into production, the plant will achieve a new profit of about 1 billion yuan in the year after next. (Reporter Shi Youyi and correspondent Zhang Chuyun, Chen Xinwu )