On July 17, Su Zimeng, secretary-general of the China Construction Machinery Association (CCMA), conducted a survey of Yuchai. Yan Ping, chairman of Yuchai Group, met with the delegation led by Su. At the meeting, Yan said Yuchai has achieved steady growth by actively adjusting its strategy with the strong support of governments at all levels and is poised to meet a new revolution of the construction machinery industry.

The delegation conducted a survey of the plant workshops. The mental working plant and assembly plant of Yuchai Heavy Industry Company Limited (YHI) took on bustling scenes. In the first half of 2014, YHI seized the opportunity of market recovery to achieve restorative growth. Su was delighted at the scenes. YHI "put on the brake" earlier amid the industrial slump to avid the further worsening of the situation, showing the leadership kept a positive attitude in management, he said, noting that they are praiseworthy.

There are still a lot of uncertainties in current industrial development, transformation, upgrading and quality management are all vital to construction machinery manufacturers, YHI should keep a low profile to achieve a new leap, Su said.

Yan thanked Su for his concern and support over the years. Since the construction machinery industry was caught in the slump, Yuchai has received strong support from the autonomous region committee, the autonomous region government, the municipal committee and the municipal government, as well as its partners. With the government support, YHI has established a syndicate, gradually digested inventory, enhanced receivables and cash flow, and improved product quality to achieve restorative growth, Yan said.

China's construction machinery industry is being adjusted thoroughly, transformation and upgrading is imminent, and it is foreseeable that there will be a great industrial revolution over the next few years. YHI will steadily promote product and management upgrading. Yuchai Group will pool companywide strength to support YHI's restructuring and advance the transformation of its assets structure and product structure, to meet the challenge and opportunity from the industrial revolution.

(Song Yonggeng)