Recently, Yuchai Group held a marketing service conference to announce to the public its 2008 operating results. Despite the impact of the market downturn, Yuchai still achieved the best operating results in history thanks to the wide range and variety of product patterns. In 2008, Yuchai Group's sales revenue exceeded 20 billion yuan for the first time, reaching 20.84 billion yuan, a year-on-year increase of 13.51%. The scale of diesel engine production and sales reached 515,242 units.
Although Yuchai Group is a single engine factory and does not have its own vehicle factory, it owns a series of engines, excavators, agricultural machines, special-purpose vehicles, and lubricants. In the engine field, there are truck diesel engines and passenger vehicles. Car diesel engine, car diesel engine, engineering vehicle diesel engine, agricultural diesel engine, gas engine, marine engine and other products.
“Wide range and variety of product patterns enhance our ability to withstand risks.†Gu Tangsheng, vice president of Yuchai Group, said, “For example, in the fourth quarter, the diesel engine market for trucks was hit harder, but the east side was not bright at the west. Our passenger car diesel engines, agricultural diesel engines and other performance are still relatively stable."
During the downturn of the internal combustion engine industry in 1994 and 2005, Yuchai relied on technology research and development and the introduction of new products to get out of the woods. In particular, in 2005, sales of major domestic diesel engine manufacturers fell by 20% to 40% year-on-year. With its wide range of product varieties and timely launch of new products, it achieved sales revenue of RMB 12.1 billion in the year, a year-on-year increase of 12%. %. Yu Ping, chairman of the board of Yuchai Group, said that in 2009, Yuchai will continue to introduce a series of new engines to meet the challenges brought by the market downturn.
In the next 3 to 5 years, Yuchai Group's sales revenue target will be 35-55 billion yuan, and its 2015 sales revenue will be 80 billion yuan. Independent innovation is still an important means for Yuchai to achieve this goal. In 2007, Yuchai applied for 136 patents and an average of 1.8 patents. In 2008, Yuchai applied for 202 patents and obtained 135 patent authorizations, continuing to maintain the number of Guangxi patent applications. Strong R&D capabilities gave Yuchai a strong foothold.
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