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On August 3, Yuchai Machinery Co., Ltd. (Yuchai Machinery) held the midyear business analysis meeting at Nanning Base of Yuchai R & D Center. Yan Ping, chairman of Yuchai Machinery, recognized the company's outstanding business performance in the first half of this year, noted that the company's profit has continued to increase steadily this year, and required that the company's performance indicator this year should be up at least 10 percent year on year.
At the meeting, the persons in charge of product lines, subsidiaries, the Overseas Department and the Marine Department analyzed corporate operation, and reported on the fulfillment of business targets of fields and entities in their charge, existing problems, solutions and problems needing the company to study and resolve.
From January to June, 2014, affected by labile external factors such as relatively sluggish market demand and product transformation and switch, the system of Yuchai Machinery enhanced fast response by optimizing its organization; refined operation indicator monitoring and management, and practiced lean manufacturing; and maintained the favorable situation of overall operation since last year through new product R & D and switch.
Yan recognized the company's business performance in the first half of this year and set the business target. The company's biggest work highlight this year is further straightening out system management and functions to increase operation efficiency. He required that the company's performance indicator this year should be up at least 10 percent year on year and its sales should be no less than last year. The Budget Management Department should decompose and set the task targets of all product lines and departments based on the indicator, requiring that all product lines and departments should hold fast to respective tasks and deploy resources of planned projects in a down-to-earth manner to ensure the fulfillment of their strategic targets.