On October 20, 2023, the QMB Technical Training Department conducted a public course training on "Cost Awareness and Management" in the international conference hall.

This training course is explained by instructor Wang Jian from the finance department of QMB. Instructor Wang at first introduce the basic concept of cost, the importance of cost management, and the basic process of cost control. Then, she analyzed the factors that affect the three major costs (material costs, labor costs, and indirect/manufacturing costs), and described several typical cases of cost reduction and efficiency improvement. Finally, she introduced the formulation of quota consumption, cost performance, and incentives.

Enterprise cost management is the core competitiveness of enterprises and the most critical factor that determines the success or failure of competition. QMB will continuously optimize the cost management of various production and business processes, continuously reduce costs and increase efficiency, and strive to create a globally competitive full industry chain production system from nickel resources to ternary precursors to ternary positive electrode materials, creating greater economic benefits for the group.