Guangxi Yuchai Machinery Group Co., Ltd.
Founded in 1951, Guangxi Yuchai Machinery Group Co., Ltd. (Yuchai Group for short) is headquartered in Yulin, Guangxi Zhuang Autonomous Region. It is an investment and financing management company centered on capital operation and assets management. As a large-scale state-owned enterprise group, Yuchai Group has more than 30 wholly-owned, holding, and joint stock subsidiaries, with total assets of CNY 41.7 billion and approximately 16,000 employees. Yuchai Group is an internal combustion engine manufacturing base with a complete range of products in China. It has industrial base layout in Guangxi, Guangdong, Jiangsu, Anhui, Shandong, Hubei, Sichuan, Chongqing and Liaoning. Its annual sales volume exceeds CNY 40 billion and its sales volume of engines has ranked among the top in the industry for consecutive years.
Yuchai Group ranks among the top 500 Chinese enterprises and the top 500 Chinese manufacturing companies, 10th among the Top 100 China machinery industry companies, and 100th among China's 500 most valuable brands, with a brand value exceeding CNY 57.2 billion. As a national demonstration base for company culture construction and a national role model in ethical and cultural progress, it has won such honors as "President's Quality Award of Guangxi Zhuang Autonomous Region" and "Nomination for China Quality Award", and has published the sustainable development report for 13 consecutive years.
Through system innovation, technological innovation and management innovation, Yuchai Group has devoted greater effort to the introduction of international technology and talents, the cultivation of core competitiveness, the input of social capital and investment in new projects, to build three core strategic industry sectors — "engine manufacturing and industry chain", "logistics and supply chain service", and "new energy industry (electric power and automobile) and related services". In the field of engine research, Yuchai Group has launched the engines that comply with China IV, V and VI emission standards ahead of counterparts, leading the green revolution in the engine industry and providing cost-effective green power and green machines for users.
In the future, Yuchai Group will continue to deepen the joint venture cooperation at home and abroad, optimize the industrial structure, take the opportunity of the second start-up in Guangxi's machinery industry to promote the enterprise to develop in a safe, sound and sustainable way, enhance the core competitiveness, build an industrial cluster valuing CNY 100 billion, complete the global distribution and thus realize the vision of "Customer-trusted Brand, World-class Enterprise".