Yuchai Sales Income Exceeds RMB 5.6 Billion in First Quarter
27 May 2009
Sales income exceeds 5.6 billion yuan (＄821 million)in first quarter of this year, engines production and sales both exceed 175,000 units.Yuchai develops smoothly in the international financial crisis. In the first quarter of this year, Yuchai Group achieved sales revenue of more than 5.6 billion yuan (＄821 million), of which, sales income in March exceeds 2.8 billion yuan(＄411 million), increase 12%. In April, Yuchai products are still sold well, engines sales in April are expected to more than 70,000 units, engineering machinery more than 600 units.
Currently, Yuchai Group actively study and practice the scientific concept of development, they are striving for excellence.
The development of guidelines
In 2009, in order to seize the opportunities for development, Yuchai Group spared no efforts, achieved good and fast development in the first quarter.
In the second quarter, the international financial crisis is still severe, the new market conditions are still complex and unpredictable, it is the right times to test will, courage, competence and confidence of enterprises. Yan ping, Chairman of Yuchai Group Board of director, secretary of the Party committee said: " Development only achieved by studying and practicing the scientific concept of development in the new situation, practising Yuchai’s 'green development, harmony and win-win' core concept, enhancing the sense of crisis, risk awareness, sense of responsibility, dealing with problems and challenges, and taking practical measures to solve the problems and difficulties in the development process.”
Search for market opportunities
In studying and practising scientific concept of development activities, subsidiary companies of Yuchai spontaneously strengthen a sense of crisis, risk awareness, and actively take responsibility. In April 11, Yuchai Group's 16 subsidiary companies, signed 2009 management responsibility, safe production responsibility and honest operation responsibility.
Yuchai Group takes "security outputs, security sales, and capital growth" as its near-term goal and "healthy and sustainable development" as its core objectives, focuses on innovation management, solving problems, and improving quality and profit.
In February, Yuchai foundry loss rate dropped to 3.08%, down by 34% y/y; In March, foundry loss rate dropped below 3%, down to 2.9%; individual models foundry loss rate has dropped below 1%, down to 0.45%. All production lines are working very hard for production in such good production situation.
Source : english.chinabuses.com
Editor : Grant
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