On July 28, at the midyear work conference of Guangxi Zhuang Autonomous Region, Yuchai Group was ranked among Guangxis Competitive Industrial Enterprises in 2009, and was awarded RMB 2.5 million by the Party Committee and Peoples Government of Guangxi Zhuang Autonomous Region. Gu Tangsheng, president of Yuchai Group, was present and received the award on behalf of Yuchai. This was the fourth time that Yuchai had been ranked among Guangxis Competitive Industrial Enterprises.

Apart from Yuchai with a primary operating income of over RMB 25 billion, the other eight winners included Guangxi Power Grid and SAIC-GM-Wuling Automobile Co., Ltd. with a primary operating income of over RMB 35 billion, Guangxi Investment Group Co., Ltd. with a primary operating income of over RMB 15 billion, China Tobacco Guangxi Industrial LLC and Liuzhou Wuling Motors Co., Ltd. with a primary operating income of over RMB 10 billion, Guangxi Nanhua Sugar Industry Group Co., Ltd. with a primary operating income of over RMB 5 billion and Huiyu Feed Protein (Fangchenggang) Co., Ltd. with a primary operating income of over RMB 3 billion. This was a supreme honor and incentive for enterprises with the aim of motivating the advanced, setting examples and speeding up the industry growth of Guangxi.

Yuchai won the award first in 2005, which motivated Yuchai to achieve annual sales of RMB 10.7 billion in 2004. Yuchai has won the award for four times. In 2009, Yuchai strengthened internal building, constructed market, pooled collective wisdom and efforts, succeeded in the terminal business, and achieved record-high sales of RMB 27.197 billion, up 29.58% year on year. The number of subsidiaries with annual sales of over RMB 1 billion has increased from 4 to 6. In the overseas market, Yuchai took the opportunity of the upcoming China-ASEAN Free Trade Zone to lead the industry with an increase of 25% in exports to ASEAN countries against the international financial crisis.

Guo Shengkun, Party secretary of the CPC Party Committee of Guangxi Zhuang Autonomous Region, affirmed in the speech that the competitive enterprises had effectively dealt with the international financial crisis with extraordinary methods, measures, strength and policies to maintain the strong momentum of economic and social development of the autonomous region. Guo stressed that Yuchai had made outstanding achievements through great efforts in the complex and volatile domestic situation and enormous fluctuations in material prices in 2009, encouraged Yuchai to renew efforts to speed up the transformation of the mode of economic development, sharpen corporate core competitiveness and grow stronger to make a greater contribution to building a wealthy, civilized and harmonious new Guangxi in an all-round manner.

(Li Chunmei)