Yuchai Group: Eight Bright Spots Indicating Good And Fast Development

In 2008, the leadership team of Yuchai Group, under the correct leadership of the party committee of the autonomous region, the government, the Yulin Municipal Party Committee, and the municipal government, and the full support of the community, led the entire staff to unite, work together, work together, be realistic, innovate, enterprising, and actively practice. The core concept of “Green Development, Harmony and Win-win” was adopted, and the strategy of “Qiang Chai Xing Yu” was fully implemented. The internal management was strengthened and the strategy was quickly adjusted. The market calmly responded to the changes and efforts were made to resolve the problems, and the production and operation reached new heights.

Inventorying in 2008, Yuchai Group wrote a thick brush, showing eight highlights:

The first major highlight: Successfully achieved the goal of “rebuilding a Yuchao within three years”

In 2008, Yuchai Group received a perfect performance of 20.84 billion yuan, broke through the 20 billion yuan mark for the first time, and achieved the set target of “rebuilding a Yuchai within three years” on time. In contrast, in 2005, the group company increased from 12.137 billion yuan to 20.84 billion yuan in 2008, an increase of 71.71%; the production and sales of diesel engines were 550,000 units, an increase of 105.36%. It maintained the first domestic production and sales volume in the same industry for 8 consecutive years. Years of double-digit high growth.

The second highlight: Conscientiously taking on the social responsibility of corporate citizens

After the devastating earthquake in Wenchuan, Sichuan Province, Yuchai donated more than 15 million yuan to the disaster area, fully demonstrating Yuchai’s love in the face of the disaster. On May 27th, 2008, Yuchai joined the UN Global Compact and officially became a member of the Global Compact. On June 26, Yuchai released its social responsibility report for the first time, publishing its own initiative in assuming social responsibility. The supervision of society has aroused widespread concern from all walks of life and won the praise of relevant experts and the UN “Global Compact” office.

The third highlight: the leadership team is full of vitality

With the birth of the new board of directors, management team, party committee, and discipline inspection commission, a group of young, ambitious, capable, and high-priority comrades have embarked on leadership positions, providing Yuchai with a strong organizational guarantee for the next development. This adjustment rationalized the relationship between the group and the stock company, clarified the status and role of the parent company, and adjusted the party committee of the company’s stock company as a second party committee, gave full play to the advantages of resource integration, implemented unified management, unified command, and unified foreign affairs. Greatly improve the efficiency of the work, not only for the group companies, but also to reduce the cost of stock companies.

The fourth major highlight: Accelerating the pace of investment and financing cooperation and deepening the reform of the property rights system

In 2009, the investment action and intensity were very large. He successfully acquired Zhejiang Haihong Group and made every effort to build an industrial cluster. The foundation stone of the Jining Yuchai Engine Project will be started. Upon completion, it will form an annual output of 300,000 units of Euro 5 passenger car environmental diesel engines and 100,000 units of commercial vehicles diesel engines, and the output value will exceed 10 billion yuan. The construction of the Yuchai Foundry Center was started. It is currently the largest diesel engine casting production base in Asia; the Huayuan Company's automotive engine filter production line was completed and put into production, which will further enhance the overall technical level of Yuchai Engine and enhance Yuchai’s overall competitiveness. A big boost.

The fifth major highlight: double the company’s R&D effectiveness

In 2008, Yuchai Group applied for a total of 202 patents, of which 28 were invention patents. 135 patents were granted. It continued to maintain the number of patent applications in Guangxi. It participated in the formulation of 14 national standards and achieved the safety and "Environmental Protection Working Group" and "National Internal Combustion Engine Technology Committee Diesel Engine Electronic Control Working Group" have developed national qualifications for the two national standards, occupying the commanding heights. In the whole year, it applied for 863 projects and other state-level and autonomous region-level research projects, and obtained government special fund support of 42.53 million yuan, which was three times that of 2007. In particular, we have achieved major technological achievements such as breakthroughs in OBD technology and the development of post-processing system controllers (DCU); construction machinery has also fully completed the upgrading of YC-8 series products; automotive chemicals have developed hydraulic oil, grease, and antifreeze fluids. New products for agricultural machinery oil (CD), etc.; Sanitation vehicles have achieved light and heavy pole extensions; engineering vehicles have completed the design and development of 13 mid-top series and nine front-end series dump trucks, and prototypes of mining vehicle prototypes have been completed. Displayed at the Fifth China-ASEAN Expo, which has aroused strong market reaction; Huayuan Company developed 78 kinds of new products, filling a number of gaps, and now is the exclusive 2640U and 2650U series of air filters, which solves the problem of early engine Grinding technology problems; Hainan company completed 138 new product developments throughout the year.

Sixth bright spot: The rapid response capability of enterprises has been greatly improved

Affected by the global financial tsunami, the real economy has declined sharply since September 2008. Market demand has been rapidly shrinking and the automotive industry is facing severe challenges. The marketing team responded to difficulties, responded quickly, strengthened cooperation with key customers, achieved efficient communication with customers, sent special personnel to carry out in-depth marketing campaigns with key automobile plants, held customer exchange meetings, and sought new market opportunities in Tianjin. , Hainan, Sichuan and other key markets opened up the gas passenger car market. The technical quality line carried out special actions to break through the “product crisis” and targeted development of market demand products. In just over 5 months, it has achieved more than 20 outstanding results, ensuring that Yuchai’s overall industry declines drastically. Yuchai has the smallest decline and the market is the fastest.

The seventh highlight: the formation of a harmonious corporate culture

Focusing on the central task of corporate production and management, the company actively practices the core concept of “green development and harmony and win-win”, commits itself to building a high-performance management team and a creative labor group, forming a “high realm, big bosom, cultural and heavy The team spirit of self-cultivation has formed a harmonious Yuchai atmosphere.

The eighth bright spot: The corporate image has greatly improved

On December 14, 2008, the deputy head of the Central Delegation and the vice chairman of the Standing Committee of the National People's Congress, Ismaili Railwar, headed the three-point delegation of the Central Delegation to Yuchai, praising "Yuchai is China's pride!" Yuchai's "excellent quality, international Yuchai" image, innovative image and daring to assume social responsibility image have been widely recognized. In 2008, we planned to carry out special promotional activities such as the First Brand of China Power, “Rebuilding a Yuchai in Three Years”, the 500 Most Influential Brands in China, and Top 500 Chinese Enterprises to create a corporate image of honesty and Yuchai. The media reported that Yuchai’s articles exceeded 1,000 articles, which was a three-fold increase from 2007, pushing Yuchai’s influence from Yulin to the country.

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