Beijing Tiantan Biological Products Co., Ltd. (referred to as “Tiantan Biological”) is a company engaged in the research, production and management of biological products such as vaccines, blood products and diagnostic products. It was founded in 1998 by Beijing Institute of Biological Products (formerly 1919 The Beiyang Government Central Epidemic Prevention Department) set up in the year is the cradle of China’s biological products. It was launched on the Shanghai Stock Exchange and its controlling shareholder is China Biotechnology Corporation. With the development of the company, the company now has Changchun Chi Kin Biological Products Co Ltd, together with a number of plasma and other subsidiaries subsidiary. Beijing Institute of Biological Products is China’s earliest engaged in microbiology, immunology research and epidemic prevention products production unit, originally belonged to the Ministry of Health management. It now covers an area of ??560,000 square meters, construction area of ??110,000 Square meter. 1,473 employees, 612 various types of scientific and technical personnel, accounting for 42% of the total number of employees. Including 88 senior technicians and 170 mid-level technicians. The institute is not only a pioneer in the development of important research projects and the first to develop and promote the use of important anti-epidemic products units, but also China’s early antibiotic research unit. The production of a variety of epidemic prevention products, blood products and diagnostic supplies, in the prevention and control so as to reduce infectious diseases, improve people’s health and extend the life expectancy of people.
The report will be distributed to the company directors and related personal organizations, including people, such as competent front-line managers, bankers, investors and so on. It also includes the chief financial officer or accounting and finance manager. The report is made by company personnel, including CFO, accountant and financial manager, as well as some external auditors.
All the people above need the information from the Annual Report. By using the Annual Report, they can keep track of all the data of the organisation recorded in previous years. Including what the company did, what the profit is, what the cost is and how much it costs. Bankers and investors also need this annual report. They will investigate in the report, and they can decide whether they need to invest more money to increase sales. The managers of the organisation are responsible for making decisions for the entire organization, and they still need annual reports to determine how to improve the company’s services and products.
The company has taken steps to strictly control the system suitable for monitoring daily power consumption with the lowest possible energy usage expansion possible as much as possible. Total sales were $ 13,500, 000 up from $ 9,538,000 the previous year. This shows that annual sales have a significant increase, which means that the new tactics used and applied in the organisation have worked and surprising output has been achieved. In addition, the organisation has been working on developing R ; D products and services. The product improvements are evident in annual sales, demonstrating that it has made every effort to improve its products and services. Overall, the organisation performed very well last year. Organisational profits are used to improve the products and services and grow the company, including plant sites, buildings, plants and machinery, furniture, new technology, vehicles and more to increase sales in the next few years. The organisation is heading to reach one of the top 100 companies in the world in the next five years. After checking the annual report, it can be found that the company performed well. While working to bring high-quality products to consumers at lower prices, the organisation’s fiscal condition is also excellent.
After comparing the Annual Report from the previous year and the recent Annual Report, it can be found that the forecasts are not very accurate. Organisations can not forecast the performance accurately enough, especially on the sales increase. After reading through the Annual Report over the past two years, it can be seen that there is a significant increase in sales over the previous year, which means that the company has made all the improvements in products and services. The company made more profits than the previous year. The company constantly strives to develop R & D products and services. Organisations was striving to help consumers and provide them with better quality products. Efforts will continuously be made to lower the prices to enhance the competitiveness of the organization. Product improvements are evident in annual sales, which shows that it has made every effort to improve its products and services. In addition, the organisation is still preparing for cross-border business. The organisation hires staff from different cultures and most of the new employees speak English. Recruitment in all other languages ??is also ongoing in medicine area. However, the recommendation is that the organisation do not need people who are proficient in all languages. ??The recruitment and training should be focused on countries with major sales. In addition, the organisation is trying to reduce the energy consumption by changing the working hours. The organisation tries to arrange working hours during the day because energy consumption during the day is less than night.