On October 15, the Intelligent Finance Construction Project of Hunan Lugu Development Group (hereinafter referred to as Lugu Group), undertaken by Yonyou Network Technology Co., Ltd. (Yonyou Network), was officially launched.
The kick-off meeting was attended by Li Daqun, Party Secretary and Chairman of Lugu Group; Rao Weihong, Deputy Party Secretary and General Manager; Wang Chang, Deputy General Manager and General Manager of Changsha Lugu Industrial Development Co., Ltd.; as well as Yue Kun, General Manager of Yonyou Hunan Branch; Peng Jian, Deputy General Manager; and Yonyou’s project team. The meeting was presided over by Wang Chang.
Founded in January 1992, Hunan Lugu Development Group Co., Ltd. is a wholly state-owned enterprise directly under Xiangjiang New Area. With a registered capital of RMB 20 billion and assets of RMB 74.8 billion, the Group has long been committed to regional development and industrial operation. It has been listed among the Top 50 Industrial Park Operators in China for many consecutive years, with continuously growing strength and influence. Its business covers urban development, industrial investment, park operation, and infrastructure construction, aiming to create a modern city characterized by industrial and urban integration, livability, and sustainability.
Co-creation for the Future：Building Core Competitiveness through “Intelligent Finance”
At the project launch ceremony, Chairman Li Daqun emphasized that the launch of the Intelligent Finance Construction Project is a strategic step forward in Lugu Group’s journey toward transformation and innovation. It signifies a key milestone in the Group’s state-owned enterprise reform and pursuit of high-quality development.
He called on all departments to:
• Fully recognize the strategic importance and urgency of this project, building a united front across all levels.
• Uphold the highest standards of quality and craftsmanship to ensure a robust and exemplary project outcome.
• Encourage innovation and exploration, creating an “Intelligent Finance Model with Lugu Characteristics” that can serve as a national benchmark for state-owned enterprises.
Li also expressed the hope that Yonyou will leverage its extensive experience in digital transformation for state-owned enterprises to jointly create the “Lugu Model” for intelligent financial management.
General Manager Rao Weihong highly commended the preparation work and emphasized that:
• The project should be treated as a strategic entry point and breakthrough for the Group’s digital transformation.
• Responsibility must be clearly defined, with top-level leadership involvement and full participation from all departments.
• The Group should ensure seamless integration of financial and business systems to enable comprehensive data sharing.
• Data security, system security, and network security must be safeguarded throughout the project lifecycle.
Yue Kun, General Manager of Yonyou Hunan Branch, reaffirmed Yonyou’s strong commitment to this strategic cooperation. He announced the formation of a specialized task force comprising Yonyou Hunan, Group Experts, and Yonyou R&D teams, with the joint support of ecosystem partners such as China Unicom Digital Tech.
Yonyou will leverage its end-to-end business online services and deep expertise in financial digitalization to deliver a benchmark project tailored to Lugu Group’s strategic goals. The goal is to integrate business, finance, and management to drive data-based decision-making and enhance operational intelligence, ultimately setting a new standard for state-owned enterprise digital transformation.
Digital Intelligence Driving the Future: Building the “Lugu Model” for State-Owned Enterprise Transformation
During the meeting, the Yonyou team presented the project blueprint and implementation roadmap. The project will follow the principle of “overall planning, phased implementation, pilot first, and gradual rollout”, aiming to unlock data value, enhance integration, and strengthen intelligent applications to improve management efficiency and quality.
01 Building a First-Class Intelligent Finance Platform
Based on the Yonyou BIP platform, Lugu Group will establish a domestically leading intelligent finance system featuring integration, automation, and intelligence. The platform will centralize data management, support rapid business expansion, and serve as a foundation for refined management and innovative growth.
02 Constructing a Modern Financial Management System
The initiative aims to transform financial operations from decentralized management to shared services and strategic enablement, establishing a three-tier structure of strategic finance, business finance, and shared finance. This will enable data-driven decision-making, automated workflows, and precise risk control, fully unlocking the value of finance.
03 Realizing “Five Dimensions” of Intelligent Finance
The Group will pursue standardization, centralization, robustness, efficiency, and intelligence through an integrated financial framework. By leveraging financial shared services, redundant processes will be eliminated, accuracy improved, and resources redirected toward value creation—fueling sustainable growth.
04 Strengthening Internal Control and Compliance
A sound internal control and compliance framework will be established to ensure risk prevention, budget control, fund planning, and contract management operate under strict supervision, securing sustainable and compliant operations.
As a global leader in enterprise digital intelligence services, Yonyou will leverage its deep expertise in intelligent finance to help Lugu Group build a benchmark model for state-owned enterprises.
Together, we will:
• Strengthen the foundation of transformation (“Lu” for progress)
• Inspire innovation and collaboration (“Gu” for unity)
and jointly open a new chapter in digital and intelligent transformation, co-creating a smart and prosperous future!
