Yuchai's Firm Confidence Reverses the Water and calmly deals with the international financial crisis

In the first quarter of this year, Yuchai's orders climbed month by month, reaching 150,000 units, and diesel engine sales exceeded 130,000 units, setting a record high.

In the spring of March in Yangchun, the reporter walked into the Yuchai Engine Factory and heard the rumbling of the machine. He saw that the workers were racing against each Other to produce diesel engines. A car full of diesel engines was rushed to all parts of the country.

People will not forget: In 2005, the national auto market showed a downward trend, causing the sales volume of major domestic diesel engine manufacturers to decline by 20% to 40% year-on-year, but Yuchai went on the trend and realized sales of diesel engines increased by 22%, and sales revenue reached 121%. Billion yuan is called "Yuchai phenomenon." When the global financial crisis emerged, Yuchai people fought against the tide. Last year, sales revenue exceeded the 20 billion yuan mark and fulfilled the grand goal of "rebuilding a Yuchai within three years."

Yuchai’s production is booming and it has strong confidence in responding to the international financial crisis. Yu Ping, chairman of the board of directors of Yuchai Group, said: “From the perspective of orders, we have created the most of our calendar year. In this situation, Yuchai will never stop production. We must not lower the level of 08. This time has passed, and we think the opportunity will come."

Since last September, the global financial crisis has spread rapidly. In the face of the crisis, Yuchai Group is constantly striving for improvement and turning crisis into opportunities. With the core concept of "green development" in the adjustment of product structure, Yuchai Group has developed a low-cost, lightweight, low-emission, and fuel-efficient diesel engine with a cost-effective advantage. Yuchai focuses on two major themes of energy conservation and environmental protection. It invests 220 million yuan each year for the research and development of diesel engines. The products are developed from a single vehicle diesel engine to 13 major series for marine use, engineering machinery and agricultural machinery. Each year, new product sales account for 50% of total revenue. the above. In 2008, Yuchai was awarded the title of China Power First Brand, with a brand value of RMB 6.558 billion.

In March this year, after the country introduced a series of preferential agricultural policies, the Yuchai people were keen to find business opportunities from the national agricultural machinery purchase subsidy policy and formulated the product strategy “from town to township” in a timely manner. Zhongyu Wei, a planner of Yuchai Machinery Co., Ltd., said: “In the past, we have neglected products with low agricultural value added. Now that this situation has changed, we have made adjustments in time. This is especially true for this market, which has large capacity, and there are also state subsidies. Our goal is to develop this non-vehicle engine to reach 30% of our share.” In the first two months of this year, Yuchai's total sales of the whole plant increased by 20% year-on-year.

Yuchai hit the overseas market in response to the international financial crisis. Last year, 952 excavators were exported, and the export amount reached US$ 23 million. Among them, the export volume of excavators below 15 tons ranks first in the national industry; on February 17, Yuchai signed a US$ 10 million engine product with Russian distributors. The export agreement for the first time allowed large-scale export of engines.

Yuchai’s development has been strongly supported by party committees and governments at all levels. The Yulin Municipal Party Committee and government have made every effort to promote the strategy of “strong Chai Xingyu”. The party committee secretary Jin Xiangjun: “According to 'giving full play to advantages, strengthening the main business, extending supporting facilities, and highlighting innovation'” The principle is to make Yuchai's main business bigger and stronger and achieve Yuchai's leap-forward development through structural adjustment, separation of main and auxiliary departments, joint restructuring, and integration of resources."

Reporter Comments: More valuable than gold

In the past four years, the Yuchai Group has gone from "cold winter" to "warm spring" from the "market crisis" to the "financial crisis." This "Yuchai phenomenon" has created a spiritual wealth that is more precious than gold.

The international financial crisis has brought about economic crisis. In the face of crisis, there are people who are timid and do nothing; However, the most important thing is confidence. Confidence is the support, and confidence is strength. As Premier Wen Jiabao said, when the financial and economic crisis comes, confidence is more valuable than gold and currency. Yuchai's practice has proved that in the face of the international financial crisis, a firm and confident confidence is a valuable spiritual wealth than gold. In response to the financial crisis, Yuchai has confidence and takes the reform of systems and mechanisms as a breakthrough, accelerating the transformation of development methods, vigorously advancing product structure adjustments, increasing efficiency in scientific management, and relying on the strong support of the party and government, the products have been realized from “China. "Manufacture" to "Created in China", sales from "City" to "Village", and from "Domestic" to "Overseas", to become a benchmarking company in China's national manufacturing industry, to establish a manufacturing company in China and even in the international machinery industry. The brand name influence. We believe that with the strong leadership of the party and the government, there is an increasingly powerful overall national strength, and there is a scientific concept of development. The transformation of national self-confidence into a huge spiritual force will surely overcome the financial crisis, promote economic growth, ensure growth, and ensure people’s livelihood. Keep stable work.

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