The goal of to build another Yuchai in 3 years was achieved

The Yulin Party Committee, government rewards 2 million Yuan to Yuchai Group

At the 2009 Press, Marketing & Service Conference of Yuchai Machinery held on January 13, Yuchai announced that its annual sales revenue in 2008 reached 20.84 billion Yuan. It achieved the goal of to build another Yuchai in 3 years. Compared to 2005, the sales income increased from 12.14 billion Yuan to 20.84 billion Yuan in 2008, up 71.71%.The production and sales of diesel engines reached 550 thousand, a rise of 105.36%. Yuchai maintained the top position in the industry of China and a double digital increase for 8 years in a row.

Yang Daoxi thanked Yuchai for its outstanding service to Guangxi

At the beginning of 2006, Yuchai proposed the goal of to build another Yuchai in 3 years that set the goal of 20 billion sales income. In 2007, the sales income of Yuchai Group was 18.3 billion Yuan that laid a good foundation for the goal. In 2008, by innovations and hard working, Yuchai fought against the blizzard disaster and the financial crisis and materialized the promise!  

Vice-Chairman of Government of Guangxi Zhuang Autonomous Region Yang Daoxi attended the conference and appreciated the outstanding contribution of Yuchai.  

Yang said that the accomplishment was hard to gain. Yuchai had played a leading role in the industry buildup of Guangxi. He hoped that the employees of Yuchai make more innovations, adjust and optimize the product structure, upgrade the marketing management and coordinate the development of upstream and downstream industries, to add momentums to the Guangxi industry and the economy.

The Yulin Party Committee, government rewards 2 million Yuan to Yuchai Group  

In 2008, guided by the strategy of "to grow Yulin by strengthening Yuchai", notwithstanding the impact of financial crisis and slowdown of the auto industry, the sales income of Yuchai Group still exceeded 20 billion Yuan. It became the 1^st enterprise that hit 20 billion in the whole city. Yuchai pushed the industry and economy of the city upward and has made prominent contribution to Yulin. Therefore, Yulin Municipal People's Government rewarded 20 million Yuan to Yuchai to recognize its hard work.  

Mayor Jin Xiangjun announced the award document of Yulin Municipal People's Government at the conference and presented the award to Yuchai. Chairman of the board of Yuchai Yan Ping, on behalf of the Group, received the award.

Yan Ping set the goals of the next 3-5 years  

The achievement of the goal of to build another Yuchai in 3 years improved the strength and raised the level of the company. It established the base of Yuchai for the next take off. At the conference, Yan Ping briefly drafted the blueprint of Yuchai Group. He said, the sales revenue target for the next 3-5 years is 3555 billion Yuan, and for 2015, 80 billion Yuan; the human resources development goal is to train team-oriented, three-dimensional, professional and international staff; the R&D objective is to have the independent innovation capacity and build a world class engineering research institute; the corporate culture goal is to create an inclusive, open and advanced culture; the target of the brand is to build a world famous brand.

He pointed out that 2009 would be very challenging as the spread of financial tsunami and economy worsening. He said: we had to be united, confident and hard working to turn adversity to opportunity; we had to focus on the following requirements: 1. broaden the ties with auto OEMs to tide over the crisis; 2. be customers satisfaction-oriented to form core competitiveness and improve the brand of Yuchai; 3. based on the domestic market, move toward the internationalization to continue export growth; 4. establish honest, trustful, equal and fair relationship with suppliers to fend off the market crisis together; 5. adjust product structure and reserve of new technologies; 6. implement the quality campaign to improve the product quality and win the satisfaction and loyalty of customers; 7. continue the cost saving project to control the budget and contract the non operational investment to maintain a sound and risk free development; 8. tighten the capital using, seeking a suitable time for listing on the stock; 9. activate the risk prevention mechanism. 

Author: Tang Ning