On August 31, the China Enterprise Confederation (CEC) and the China Enterprise Director Association (CEDA) released the 2013 list of "China's Top 500 Enterprises" in Kunming. Six enterprises from Guangxi made the list, one more from last year. Yuchai ranked 249th.

Under the great attention and support of the Party Committee and People's Government of Guangxi Zhuang Autonomous Region, driven by factors such as resource advantage and the geographic advantage of neighboring ASEAN, Guangxi has made great strides in economic development, registering a GDP of 1.3031.04 trillion yuan in 2012, up 11.3 percent from last year at comparable prices. Compared to four enterprises listed in 2011, Guangxi has six enterprises listed this year, showing a trend of year-by-year growth in the number of listed enterprises.

The six enterprises listed are Guangxi Construction Engineering Group, Guangxi Investment Group Co., Ltd., Guangxi Yuchai Machinery Group Co., Ltd., Guangxi Beibu Gulf International Port Group., Ltd., Guangxi Communications Investment Group Co., Ltd. and Guangxi Non-Ferrous Metals Group Co., Ltd. The last two made the list for the first time. The six enterprises registered operating revenues of 43.870 billion yuan, 42.329 billion yuan, 41.573 billion yuan, 33.879 billion yuan, 24.378 billion yuan and 22.964 billion yuan in 2012, ranking 238th, 245th, 249th, 306th, 420th and 443rd respectively.

Affected by the overall decline of the machinery industry in 2012, Yuchai Group strengthen its internal operation and tapped potential with market as orientation, and endeavored to steadily expand its business scale and market share by measures such as innovating the mode of subsidiary management and control, intensifying product technology upgrading, developing external markets and developing new profit growth points. Yuchai Machinery Co., Ltd., Yuchai Group's core subsidiary in the engine sector, sold 435,000 engines, maintaining the industrial lead by a margin of 110,000 units over its opponent ranking 2nd, and its market share rose 3 percent.

After a cold baptism, Yuchai Group actively adjusted its industrial structure, innovated and strengthened the mode of subsidiary management and control, vigorously practiced lean manufacturing and improved management level, thus gradually going on a safe and healthy truck. In the first half of 2013, its operating revenues were up 2.24 percent year on year, laying a solid foundation for fulfilling its annual business target.

(Yang Mingze)