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.