Shareholder Safety Value
Information Transparency
Yoke is a non-publicly issued company. The purpose of independently preparing a corporate sustainability report is to promote healthy company development through operational information transparency, benchmark the best operational models of leading companies, and enable Yoke’s operations to reach higher levels.
Through the integration of SAP ERP, YOKE has been able to complete all closing procedures in 1 business day each month. 20 days before each month, senior executives would convene a management meeting to review the operating performance to focus on problematic issues and immediately formulate corresponding improvement measures.
Budget Management Process
At the end of each year, the management discusses with each department on their proposed annual budgets and targets in accordance with the medium and long-term goals before verifying the annual plans for individual departments. The management also engages each department in KPI confirmation meetings, during which they lay out all performance indicators from R&D progress, production yield, production efficiency to goals of supporting departments.