The Research Report of 2014 China's Top 500 Machinery Manufacturers has recently been released in Beijing. Yuchai Group was ranked 17th among China's Top 500 Machinery Manufacturers with a score of 94.81 points.
The Release Conference of the Research Report of 2014 China's Top 500 Machinery Manufacturers was organized by the China Machinery Enterprise Management Association and undertaken by the Research Institute of Machinery Industry Economic Management and World Executive Group (WEG). Based on Competitiveness Value Added (CVA) designed by WEG according to international practice, the report comprehensively analyzes, studies and evaluates enterprises' data including sales revenues, total profit, return on assets and growth rate as well as factors including industrial differences and media index.
In 2013, Yuchai Group earnestly implemented the strategy of "invigorating Yuchai and prospering Yulin" mapped out by the CPC Yulin Municipal Committee and the Yulin Municipal People's Government. Guided by the business policy of "strengthening internal control, refining management, increasing efficiency and stabilizing growth", based on quality, with risk control as focus, lean operation as primary task and market as orientation, the group persistently developed its core sectors and conducted deep operation in its primary business, thus increasing the sales volume of its key products, continuously expanding its market share, maintaining a stable and healthy development momentum, and achieving annual sales revenues of 42.467 billion yuan, up 2.15 percent year on year.
According to sources, "China's Top 500 Machinery Manufacturers" have become the main body of China's machinery industry. There were 127 enterprises with sales revenues of over 10 billion yuan each in 2013. SAIC, FAW and Dongfeng made a clean sweep of the top three of the list, 45 electric wire, optical cable and electrical appliance manufacturers as well as 48 construction machinery manufacturers made the list. Comparatively, there were few enterprises from industries such as logistics equipment, packaging equipment and environmental protection equipment on the list.