Yuchai Group ranked No. 3 in China's Top 100 Auto Parts in 2005


People's Daily, Guangxi Window, Nanning, June 28, 2006 Correspondent Zhang Wei and correspondent Yu Zhonglin reported: On June 23, the China Association of Automobile Manufacturers and the Department of Industrial Transport Statistics of the National Bureau of Statistics jointly issued the “2005 China Auto Parts and Components” in Beijing. Top 100 list. Guangxi Yuchai Machinery Group Co., Ltd. ranked third in the top 100.

This year's announcement of "2005 China's top 100 auto parts enterprises", in 2005 a total of 217.577 billion yuan in sales revenue, an increase of 21 billion yuan, an increase of l0.7%, accounting for domestic auto parts companies above the scale of sales The proportion of income is 63%. The difference from the previous year is that the "2005 China's top 100 automotive parts and components" will include wholly foreign-owned enterprises in the rankings, in order to meet the requirements for the development of China's auto parts industry.

In 2005, Yuchai Group adjusted the company's organizational structure, functions and responsibilities, standardized the governance structure of parent and subsidiary companies, strengthened the functions of management of cadres and the management of property rights; implemented asset capital operation and large-scale integration of resources, and completely changed many Yuchai within the group. The isolation of the company creates a resource sharing and efficient operation mechanism; it successfully enters the special automobile production industry and the key auto parts transmission production industry, laying the foundation for Yuchai’s provision of power to the community; and integrating the establishment of the Yuchai Group Finance Platforms, information platforms, etc., to further rationalize the management system and property rights relations, effectively ensure the safe operation and value-added state-owned assets.

In 2005, Yuchai was a very bad year for the external environment - the country's macro-policy control, the tightening of auto consumption credit, the rising prices of upstream raw materials, and the continuous increase in price pressures of downstream vehicle companies. Under the precarious test of the enemy's abdomen and unprecedented challenges, sales in the entire engine industry showed a negative growth. Under the leadership of Chairman Mao Ping, Yuchai people were not overwhelmed by difficulties. In the face of harsh environments, employees from all fronts were involved. Years of unity and cooperation, united as one, bucked the trend and tried their best to fight again, once again achieved a new leap in history: to achieve operating income of 12.1 billion yuan, an increase of 12%; sales of various types of diesel engine 267,500 units, an increase of 22.73%! Being unique in the industry, it has created the “Yuchai phenomenon” that is praised by the industry.

In 2005, Yuchai achieved the China Brand Annual Award, the National Quality Management Award, the China Famous Brand Products, the China Famous Trademark, the National Civilized Unit, the 100th Building of the Well-to-do Society, the National Customer Satisfaction Service, the National Enterprise Ethics Advanced Unit, and the National A series of national-level honors such as the standardization of good behaviors, AAAA-level enterprises, and advanced units for corporate training in the country. The Yuchai brand became the first speed brand and the first power brand in 2005; the National Quality Management Award was the highest award for Chinese enterprise management, and Yuchai became the first company in Guangxi and the first company in the internal combustion engine industry to win this honor. The achievement of these achievements and honours has established Yuchai Group's unshakable leading position in the engine industry and its status as a management benchmark company, laying a solid foundation for the sustainable development of the company. (Finish)
View related topics: Yuchai won the "China Brand Annual Award NO.1" (internal combustion engine) title in 2007


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