Jichai Achieves Great-leap-forward Development
27 May 2009
Jichai’s revenue up by 21% y/y from January to April this year. In this year's business objectives, Jichai puts forward 40% production increase, reaches1.8 billion yuan($264 million). And Jichai which focuses on oil business has turned to other field, and its social market shares account for 70% of total revenue.
Currently more than 30 units dual-fuel engines are used in Sugeli, oil and gas replacement rate reaches 70%
In recent years, Jichai adheres to the principle of “Do something and give up something”, makes full use of social resources .In the end of 1990's, 80% of the parts and components were produced by Jichai itself, now, however, only body, crankshaft and other core products were produced by Jichail, other 80% were produced by social enterprises, 20% of products achieve 60% of value. In 2001, per capita annual production is only a dozens of thousand RMB, now it is more than 600,000 yuan($87,977), increases 10 times.
Jichai 140 high-speed, 190 medium-high speed, 260 medium-speed products
The rapid development of Jichai has astonished all, its output value increases from 2 billion yuan($293 million) to 1.3 billion yuan ($191 million)in just 7 years. Now, Jichai launches” One hundred Jichail, tens of billions of the output value”, expecting to achieve 10 billion RMB in 2015.
Source : english.chinabuses.com
Editor : Grant
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