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In response to the more challenging conditions this year, Yuchai remains determined to rise above the trend and strive for new heights, aiming to achieve an operating income of 13.8 billion yuan. This goal was announced at the first meeting of the 15th Staff Representative Conference held on February 10th.
Last year, Yuchai achieved a sales revenue of 12.1 billion yuan and produced and sold 267,500 diesel engines across various models, marking a 22.73% year-on-year increase. However, according to market forecasts, the domestic diesel engine industry is expected to transition from rapid growth to a phase of comprehensive adjustment. This will bring fiercer competition and present Yuchai with unprecedented challenges.
To address these challenges, Yuchai plans to focus on industrial restructuring this year. By leveraging its existing parts and components companies, the company aims to introduce industrial or financial capital through equity participation and attract partners with strong technological capabilities. The goal is to build a robust spare parts industry group and establish an auto parts division.
Furthermore, Yuchai will expand beyond traditional diesel engine components by entering the development and production of automotive parts. This move will integrate group resources and strengthen management foundations. The company also plans to reform its property rights system, enhance the parent-subsidiary management structure, and establish a modern enterprise system.
In terms of product development, Yuchai will ensure the stable mass production of national II-series engines such as YC6M and YC4F, while successfully launching nine series of electronically controlled III-level diesel engines in batches. It will also advance the development of six new models—3W, 4Y, 4H, 6H, 6K, and 6T—according to schedule.
On the market front, the company will intensify efforts in both heavy truck and light truck segments, while expanding into rural and overseas markets. Cost management will be refocused, with enhanced awareness of total cost and improved systems, processes, and evaluation criteria. Responsibilities and performance metrics for management personnel, especially middle and senior levels, will be clearly defined.
Additionally, Yuchai will explore new financing channels by establishing an investment company and considering the listing of some subsidiaries to attract both industrial and financial capital.
This strategic approach reflects Yuchai's commitment to innovation, efficiency, and long-term sustainability in a rapidly evolving market.
Related topics: Yuchai won the "China Brand Annual Award NO.1" (Internal Combustion Engine) in 2007.