From Xiaoyi’s enterprises to enterprise‑to‑enterprise “Filial Piety and Righteousness”

On November 1, the “Inheriting the Yimei Spirit, Innovating for the Future—A Tribute to the Spirit of Private Entrepreneurs and the Second Yixing City Private Entrepreneur Day Themed Event,” hosted by the Yixing Municipal Party Committee and Municipal Government, was held at the Yixing Media Convergence Building. This event was a joint narrative between the city and its enterprises, as well as a grand gathering that deeply integrated the Yixing spirit with the entrepreneurial spirit, leaving a vivid and powerful mark on the path of high-quality development for Yixing’s private economy.
Liu Shiqing, Vice Chairman of the Standing Committee of the Lüliang Municipal People’s Congress and Secretary of the Xiaoyi Municipal Party Committee; Guo Qingzhi, Deputy Secretary of the Xiaoyi Municipal Party Committee and Mayor; other leaders from the city’s four leading bodies; heads of municipal departments and township/town/subdistrict offices; Zheng Peng, Chairman of the Board of Pengfei Group; as well as representatives of private entrepreneurs from across the city and members of the media, all attended the event. The event also specially invited renowned economist Yao Jingyuan, a special researcher at the Counselor’s Office of the State Council, to deliver a keynote address.

        A City’s Promise: Providing a Bright Future for Those Who Strive

In his address, Guo Qingzhi stated that he hopes the broader community of private-sector entrepreneurs will continue to be “pioneers who forge ahead with innovation, connectors who foster open, win-win collaboration, and steadfast guardians of integrity and righteousness.” This is not merely an aspiration; it also represents a new role that the city has entrusted to entrepreneurs.
Liu Shiqing paid high tribute to the private entrepreneurs of Xiaoyi City, praising Pengfei Group as a leading enterprise in the local private sector. For years, it has consistently ranked among China’s Top 500 Companies, steadily raising the bar for private enterprise development in Shanxi with its robust growth momentum. He emphasized that Xiaoyi will devote itself to building a thriving, prosperous city where entrepreneurs can invest with confidence and pursue development with peace of mind—a place characterized by effective governance, social harmony, and vibrant prosperity. This resolute commitment has added the warmest chapter to the story of “Xiaoyi, the City of Filial Piety.”

        A Breakthrough in Thinking: Finding Direction Amidst Turmoil
Renowned economist Yao Jingyuan’s remarks delivered a collective “cognitive upgrade” for businesses. Centering on “New Opportunities and New Prospects for the High-Quality Development of the Private Sector,” he guided entrepreneurs to identify unique new avenues for Xiaoyi‑based enterprises amid the shifting macroeconomic landscape.

        A Dialogue of Youth: Defining the Future Between “Upholding Tradition” and “Innovation”
Zheng Zihao, Vice President of Pengfei Group, along with six other young private-sector entrepreneurs, engaged in an in-depth dialogue on the theme “In the New Paradigm, How Can Private Enterprises Uphold Fundamentals While Innovating?” The spirit of filial piety and righteousness is thus being passed down through a youthful relay.
Zheng Zihao stated that, over its 32 years of development, Pengfei Group has consistently anchored its growth in the principle of “upholding integrity,” focusing on its core business and striving for excellence and strength. Building on this foundation, the Group has also harnessed “innovation” to drive comprehensive transformation, proactively expanding into green energy, equipment manufacturing, and the cultural‑commercial‑tourism sectors. By leveraging digitalization and information technology, it has empowered the entire industrial chain, continuously infusing the enterprise with new dimensions of intelligence and sustainability. Looking ahead, the Group will continue to champion the entrepreneurial spirit, drawing on the boldness and pioneering spirit of youth and taking concrete, down-to-earth actions to dedicate itself wholeheartedly to the cause of Chinese modernization and national rejuvenation.
The steadfast commitment to strengthening the real economy lays a solid foundation for development, while innovative adaptation to change broadens our horizons. This, precisely, is the most vibrant internal driving force behind Pengfei’s transformation—from a “company rooted in filial piety and righteousness” to one that embodies “filial piety and righteousness in its very essence.”

        A company’s response: Rooted in fertile soil, advancing together with the city.

       Xiaoyi Craftsman Award — Engineer Shang Yangjian of the Methanol-to-Hydrogen Heat Source Plant
Award Citation:
Striving for excellence and pursuing perfection

        Growth Star Award — Zheng Zihao, Vice President of Pengfei Group
Award Citation:
The new generation surges forward, brimming with potential.

Cultural and Tourism Transformation Award — Shanxi Yong’anli Industrial Investment Co., Ltd.
        Award citation:
                       With innovative business models as their brush and high‑quality service as their ink, they have painted a vibrant chapter on the canvas of cultural tourism that enriches local communities. From the strategic deployment of premium‑grade offerings to the seamless integration of immersive experiences, armed with keen insight and unwavering execution, they have injected powerful momentum into the high‑quality development of the cultural tourism sector—truly deserving their title as pioneers of transformation in this field.

Excellence Leadership Award—Shanxi Pengfei Group Co., Ltd.
        Award citation:
In the face of tumultuous change, true leadership shines brightest. From a follower and a peer in its industry to a shaper and pioneer of epoch‑defining transformation, this company has charted an extraordinary strategic vision and navigated market cycles with unwavering resolve, steering its enterprise into vast new frontiers. It has not only forged remarkable commercial success but also shaped the future of its sector. Guided by a deep sense of national responsibility and an instinctive commitment to excellence, it stands as a beacon for the business community of Xiaoyi, etching its name as a towering monument of its era.

Filial piety is the foundation of morality, and righteousness is the starting point for merchants. We deeply understand that true filial piety and righteousness lie in “responding with our hearts to this land and its people, and to their aspirations for a better life.” Where our hearts are set, there our actions will lead. Pengfei Group will firmly seize the vast opportunities bestowed upon the private sector in the new era, uphold the spirit of filial piety and righteousness, stay true to fundamentals while fostering innovation, and unswervingly pursue a path of high-quality development, thereby contributing even greater strength to a more prosperous and beautiful future for Xiaoyi!
From “a business rooted in filial piety and righteousness” to “filial piety and righteousness in business,” this is a testament to an era in which cities and enterprises mutually empower one another, advancing hand in hand. On this path, Pengfei will forge ahead with unwavering resolve.