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Yuchai Ranks Top 10 among the Top 100 China Machinery Industry Companies and First among the Enterprises in Guangxi

On September 16, China Machinery Industry Federation and China Association of Automobile Manufacturers released the List of the 16th Top 100 China Machinery Industry Companies in Tongliang, Chongqing. Two enterprises in Guangxi were included in the list: Guangxi Yuchai Machinery Group Co., Ltd. ("Yuchai") ranking 9th, one place ahead of the previous session; Guangxi Liugong Group Co., Ltd. ranking 21st.

In 2019, in the face of the complicated situation with significantly increasing challenges at home and abroad, Yuchai, as one of the national machinery industry companies, continuously deepened its reform and innovation. It completed the overall strategic layout of advancing in line the development of traditional engine and new energy engine, creating a global advanced and diversified technical route for China's new energy engine industry. Moreover, it also marched forward bravely in the wave of deep integration of the new generation information technology and the traditional manufacturing industry, taking the lead in building a digital, intelligent and internationally leading factory conforming to the China VI emission standard and setting an industry benchmark. In 2019, Yuchai registered a sales revenue of more than RMB 40 billion again, achieving double-digit growth year-on-year. It took on an entirely new look in its development pattern, further enhanced its core competitiveness, began its transformation towards a high-end and international enterprise, and gradually ushered in the harvest time of its second startup.

2020 is the final year for completing the "13th Five-Year Plan" and also a key year for Yuchai to further implement the "second startup" strategy, promote its internationalization and build a world-class enterprise. Relying on the second startup of Guangxi's machinery industry, Yuchai will continue to promote the reform in product research and development, organization, talents cultivation, management process and intelligent manufacturing, to further enhance its core competitiveness and comprehensive strength.

(By Chen Yinghui)

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