Zheng Peng, Chairman of the Board of Pengfei Group, in his New Year message: The right outcome is always the result of a flawless process!

Release Date:

2026-01-01

The correctness of the outcome necessarily stems from a flawless process.

— New Year’s Address for 2026

Time flies, and the seasons pass like a stream. Once again, we find ourselves in a season of mutual care and warm greetings. First and foremost, I wish you—each and every one of you who has striven for your dreams with all your heart and effort—and to all those who hold Pengfei close to your heart, follow its progress, and wholeheartedly support it: Happy New Year!

Over the past year, low‑hanging cumulus clouds over global markets, undercurrents of industrial transformation, and the sharp, nerve‑tingling pulse of the economy—through it all, the world has pressed forward, weighed down by uncertainty. Amid this turbulence, Pengfei has consistently forged our own “certainty.” That certainty stems from a principle we have steadfastly upheld for thirty-three years: the right outcome is always the result of a flawless process. Pengfei’s industrial roadmap has remained in perfect harmony with the rhythm of national development. By 2025, we will once again present to the times, to the market, and, above all, to ourselves—a report card grounded in facts and data, yet imbued with genuine warmth.

This答卷 is written against the profound backdrop of a solid foundation.

“There is justice in the world,” and this justice belongs not only to long-termists who are willing to take root deep within their industries, strengthening their foundations through continuous innovation, but also to those who consistently uphold right understanding, maintain mindful awareness, and convey positive values. Over the past year, we have advanced steadily along this path. In the coal sector, systematic optimization and integration have solidified the cornerstone of resource security, while also cultivating a team of highly skilled professionals with unwavering conviction—these are the “proud coal miners” of the new era. Meanwhile, the coking segment has ventured into the uncharted waters of refined management; we firmly believe that “coking yields excellence, and chemical processing shapes the future,” striving for perfection at every stage of the production process.

This答卷 is written in the fervent march toward a future full of promise.

The hydrogen economy era that lies ahead is a “grand expedition filled with glory and dreams,” a “vast stage of unprecedented opportunity.” By 2025, we have poured our passion into this vision and unlocked even more tangible possibilities: the completion of the Pengfei Zhichuang Manufacturing Industrial Park has positioned us as the enterprise with the most comprehensive hydrogen‑energy ecosystem; the global debut and rollout of six new hydrogen‑powered heavy‑truck models under the Pengfei “Zhizi” brand have enabled us to reshape the market landscape with cutting‑edge technology; from being selected for the national pilot program to accumulating tens of thousands of tons of carbon reductions through our fleet’s mileage, we are delivering a fully verifiable “Pengfei Solution”—one that spans technology, products, and real‑world applications.

This答卷 is further etched in the heartwarming narrative of “a life lived.”

When the offline, real‑world experience store for “Black Myth: Wukong” opened, it awakened a cultural resonance deeply rooted in our hearts. With the full reopening of Xiaoyi Old Town, we beheld the “Jiangnan of the North,” its misty pavilions and rain‑kissed terraces; we heard three consecutive days of vibrant music festivals, joined by twenty thousand voices singing “Ode to the Motherland”; and we listened as, under the moonlight, the poetic recitations of “Poetic China” wove together in harmonious blend—beauty that both stirs the soul and tugs at the heart. Moreover, within the timelessly enduring yet ever‑new Xiaoyi Old Town, we traced the origins of the “Three Immortalities,” finding answers to what makes one truly immortal and perpetually alive: cultivating virtue, achieving merit, and leaving behind meaningful words.

The pursuit of a flawless process ultimately centers on people. We cherish each employee’s journey—from inexperience to becoming a pillar of the organization—dedicating ourselves to building comprehensive, lifelong care that safeguards both physical and mental well‑being, and thoughtfully fostering a fair environment where talent can truly flourish. The health, growth, dignity, and happiness of every individual together form the most solid, reliable, profound, and unwavering foundation of Pengfei’s mission. By creating happiness for those who are committed to Pengfei’s cause, we extend the same gratitude and sincerity to all our customers, partners, and friends who care about and support us. It is precisely this countless array of precious trust and confidence that has coalesced into the mighty river propelling Pengfei forward with courage and determination.

At this very moment, standing on the threshold where the old gives way to the new, I cannot help but recall that plaque in Xiangyu Ancient Fort—“Qi Xuan Yuan Ji.” In the Chinese spiritual tradition, the New Year is the contemporary echo of the ancient wisdom embodied in “Qi Xuan Yuan Ji,” a solemn act of “examining one’s conduct and assessing auspiciousness.” This “auspiciousness” is the rightful outcome that unfolds naturally, borne of a process of relentless perfection, day after day.

2026 has arrived. May we continue, in an uncertain world, to focus on what is certain. With this certainty—shaped by a flawless process—let us embark together on a new journey.

Blessings—may the new year bring boundless good fortune!