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In the early winter, the southern country is still shining, and the Yuchai Group's diesel engine production workshop is also in full swing. The workers are driving their horsepower and “three shifts†to step up the production of diesel engines. The old workers in the factory told the reporter that the workers are full of energy, are willing to invest, and are not worried. This is because the company is not only not affected by the impact of the international financial crisis, but also has good news.
The results announced by Yuchai show that from January to July this year, Yuchai Group achieved a total sales revenue of 14.974 billion yuan, an increase of 8.36% year-on-year; cumulative sales of diesel engines reached 411,000 units, an increase of 5.68% year-on-year.
Li Tiansheng, general manager of Guangxi Yuchai Machinery Co., Ltd., said that in the first half of the year, Yuchai’s ability to turn crisis into opportunities was mainly due to the eight-character principle of internal training, building and development. Internal training is the practice of hard work, breakthrough in product crisis, and improvement of enterprise innovation and core competitiveness; external construction is to take the initiative and actively open the “overseas†and “countryside†markets.
After the market entered a downturn in September last year, Yuchai aimed at the rapid start-up of the medium and light construction vehicle market and the opportunity for substantial growth in the agricultural machinery market. He timely launched a breakthrough in the "product crisis" and targeted development of market demand products. In just over 5 months, more than 20 outstanding achievements have been achieved, driving the overall growth of Yuchai's full range of four-cylinder engines and traditional medium-sized engines.
In terms of market sales, Yuchai has seized the country’s favorable policy of launching large-scale fixed-asset investments and “home appliances to the countryside†early, and has actively explored the construction vehicle market and the agricultural machinery market. In order to open up the overseas market space, Yuchai actively develops external financing channels, researches and develops leading products, improves market competitiveness, and actively seizes market opportunities.
On February 17 this year, Yuchai signed a 10 million US dollar agreement on the supply and sale of engine products with Russian companies, for the first time, China’s single engine products were exported to Russia in bulk.