Yuchai Group's operating performance continues to grow steadily


The Yuchai Group continued to grow healthily and its business performance grew steadily. In the first half of this year, Yuchai Group realized a total tax-included sales revenue of 8.908 billion yuan, a year-on-year increase of 19.01%. The company has experienced a multi-polar and all-encompassing growth and development momentum. The sales of engine blocks exceeded 260,000 units, an increase of 32.59% year-on-year; the sales revenue of construction machinery segment increased by 33.44% year-on-year; the sales revenue of special-purpose automobile segments increased by 107.28%; the sales revenue of auto parts segment increased by 21.11% year-on-year; the operating income of logistics segment increased year-on-year; 22%; Lubricants Chemicals sales revenue increased 11.48% year-on-year.

Engine segment: Leading product technology demonstrates competitive advantage, and production and sales scale ranks first among domestic counterparts

As the largest diesel engine manufacturer in China, based on the responsibility of environmental protection, the need to build a harmonious society, and the pursuit of corporate mission, Yuchai has established the core concept of “Green Development, Harmony and Win-Win”, leading the trend in the technological innovation of domestic automotive power systems. The company took the lead in five initiatives: it took the lead in supporting domestically produced systems, and took the lead in presenting the concept of electronically controlled combination pumps for medium- and light-duty diesel engines. It took the lead in putting on after-sale diagnostic equipment and took the lead in achieving autonomous calibration. It pioneered and promoted SCR technology for heavy-duty diesel engines. Made great contribution to the industry, mainly reflected in: breakthrough low-emission energy-saving technology, put into the market 2-3 years ahead of time to meet the emission requirements of various stages of the product, the birth of the first Chinese-owned Euro 4 engine; YC6G launch This has led to the development of advanced superchargers in China; the establishment of quality benchmarks for domestic engines has driven the progress of the auto parts industry; and it has become the world's largest supplier of urban LPG engines.

Leading product technology shows that Yuchai’s strategic vision is in line with the national energy-saving emission reduction and other related policies.

Since the beginning of this year, Yuchai’s engine sales and service have highlighted the annual theme of “professional branding and service creation value”, and actively implemented four major battles: the heavy machine market battle, the mid-market battle, the light machine market war, and the national 3 market battle. The campaign captures the market with product and service advantages. Yuchai Service embodies three major features: “The Eight Great Satisfaction” service platforms keep up with the needs of users; “One-stop” personalized service quickly resolves the worries of the host plants and large users; the satisfaction of the service system’s satisfaction will be cold and The language is blunt and the behavior is unreasonable. The three alleged indicators are set to zero. Yuchai’s three special services have won universal recognition from users, and special services such as the summer theme collection service, Xiagong special service and Dongfeng Hercules service have achieved good results, and the overall satisfaction level has increased. In terms of cooperation, we have built a marketing platform with domestic auto companies so that each series of products will gain new market opportunities and effectively connect with customers, achieve the advancement of market control, and achieve a harmonious and win-win situation with customer 1+1 greater than 2.

Leading product technology and marketing model and method innovation make Yuchai's mature five product platforms and 11 series engines fully competitive in this year's market competition: the truck segment increased by 52% year-on-year, and the passenger car segment increased by 50.6% year-on-year. The electricity sector increased by 29.7% year-on-year; Yuchai's domestic Euro 4 engines entered Beijing in batches, becoming the biggest bright spot in China's passenger car market this year; Dongfeng and XGMA's heavy machine promotion projects are highly effective; 6M promotion has a strong momentum; highway trucks and Euro 3 passenger car markets have achieved The major breakthrough has become a new rapid growth point this year; the overseas markets have enjoyed rapid successes, and in particular, the European 3 and 4W diesel engines have made significant progress in the Russian market, and the Euro 3 engines have achieved bulk supply to foreign countries.

The Yuchai production system has strengthened internal management, strengthened horizontal communication, paid close attention to order management, and scientifically and rationally scheduled production, resulting in a rapid on-site response capability and rapid and accurate production capabilities, and efficiently ensuring the promised output according to orders.

In the first half of the year, the technical quality system was also highlighted by highlights: 44 newly-developed basic engines; the consistent development and confirmation of the Euro 4 emission standard engine was completed, leading the domestic counterparts; the Euro 3 engine passed the Russian certification; 34 patents were authorized, Yuchai’s patented new product sales accounted for 40% of total sales. From January to May, the monthly average three-million-paid package of sales revenue decreased by 20% year-on-year, a decrease of 24% over the entire year of 2006. The engine quality project also boosted the overall quality of parts and components. The passing rate of incoming inspections continued to increase, reaching 96.16%.

The main business sectors such as construction machinery, auto parts, special-purpose vehicles and logistics have embarked on the fast track of rapid development and have become an important force for the development of Yuchai.

The construction machinery sector, centered on strong promotions, focuses on quality improvement and cost improvement. The company’s strength has been greatly enhanced by increasing new product development efforts, optimizing product performance, and implementing brand management and “gold service” initiatives. Yuchai Brand Excavator won the title of “2006 Most Influential Brand in China Construction Machinery Industry”. Awarded by the Guangxi Quality Association for the “2007 Advanced Enterprise in Guangxi Implementing Excellent Performance Model” title; the company's technology center was awarded the “Guangxi SME Engineering Technology Research Center” by the Guangxi Science and Technology Department; the YC35SR/55SR/75SR has no tail-type hydraulic excavation. The machine was listed in the Guangxi technological innovation project; the YC60 hydraulic excavator won the honorary title of "2006 China Construction Machinery Annual Product TOP50"; the "YC25/30/40/60 Hydraulic Excavator" project won the autonomous region scientific and technological achievement award; hydraulic excavator telescopic crawler The rack positioning slot (that is, adjustable chassis) has successfully passed the examination of the State Intellectual Property Office and was granted a utility model patent. In terms of exports, while consolidating the existing European and American markets, it actively explored new markets such as Central and South America and North Africa, and continued to maintain its position as the No. 1 exporter of hydraulic excavators below 15 tons.

The special vehicle segment adopts strategies such as “marketing network, strong support for order pull, technical management re-standardization, quality management upgrading, cost reduction and full participation, performance management system” and other strategies to build product variety, quality, and price Advantages: With the help of the sales service network of diesel engine plates, the market has expanded rapidly.

On the basis of grasping technological innovation, improving quality and reducing costs, the auto parts sector will continue to exert its brand effect, expand internal and external cooperation, expand new projects, extend the industrial chain, create new advantages, and further increase the external supporting volume and market share. , to achieve sales of nearly 300 million yuan.

Yuchai Logistics is good at using the advantage of Yuchai machinery to supply goods to all parts of the country, from the development of the transportation of basic arter to the more difficult and more profitable LTL cargo transportation. So far, it has opened Guangxi to North China, Guangxi to East China, and Guangxi to Central China. From Guangxi to the northwest, from Guangxi to the southwest, from Guangxi to Guangdong, many cargo transportation lines have become the modern logistics enterprises in which Guangxi has the largest number of inter-provincial transportation routes, the longest distances, and the largest freight volume. It has been integrated into the ASEAN development trend and won 2007. "China's top 100 road transport companies ranked second", "China's road transport market, customer satisfaction with the first brand" and other honors.

Particularly worth mentioning is that Yuchai’s management team, sales team, technical quality team, production team, and political team are in close cooperation with each other in 2007 to achieve a sales target of 16.8 billion in 2007. They are united, cooperative, and brave in exploring and innovating in business operations. The company demonstrated a strong fighting strength in the fierce market competition. The business performance of Yuchai Group has been steadily increasing. In the first half of the year, revenue from tax-included sales exceeded 8.9 billion yuan, completing 53% of the annual target. This phased achievement has once again confirmed the victory of the “green development, harmony and win-win” concept guidance, which confirms the victory of Yuchai’s business strategy and further strengthens the confidence of the Yuchai team in sprinting targets.

Yuchai plans to “rebuild a Yuchai” in 3 years, that is, to realize sales revenue of 20 billion yuan for the Group in 2008, strive to exceed 35 billion yuan in 2010, and strive to achieve export volume of 30% of annual sales and sales for 5 years. To achieve internationalization of Yuchai brand, internationalization of products, and internationalization of production bases.
View related topics: Yuchai won the "China Brand Annual Award NO.1" (internal combustion engine) title in 2007


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