Yuchai Ranks No. 249 among Top 500 Chinese Enterprises 2013
www.chinatrucks.com: On Aug. 31, 2013, a list of “Top 500 Chinese Enterprises 2013” is released by China Association of Enterprises and China Entrepreneur Association in Kunming, Yunan province. Six Guangxi enterprises are listed (5 enterprises in 2012) and Yuchai Group ranks No. 249.
The six Guangxi enterprises are: Guangxi Construction Engineering Group, Guangxi Investment Group Co., Ltd., Yuchai Group, Guangxi North Bay International Port Group, Guangxi Communications Investment Group Co., Ltd., and Guangxi Non-Ferrous Meals Grolp Yejin Co., Ltd. Their respective business revenues in 2012 are 43.87 billion yuan, 42.329 billion yuan, 41.573 billion yuan, 33.879 billion yuan, 24.378 billion yuan, and 22.964 billion yuan and their ranks are No. 238, No. 245, No. 249, No. 306, No. 420 and No. 443.
In 2012, despite of a downturn of the overall machinery industry, Yuchai, with a market-oriented strategy, strived for a stable market share and business revenue through innovating management on subsidiaries, upgrading product technologies, exploring overseas markets, and developing new growth points. Its leading business—engine achieved a sales volume of 435,000 units, maintaining Yuchai’s leading position by 110,000 units more than the second engine manufacturer. Its market share also increases by 3%.
Yuchai Group, after undergoing a difficult time, actively makes adjustment in product mix, improves management on subsidiaries and upgrades management level to gradually get into a safe and healthy road. In the first half of 2013, Yuchai Group sees a year-on-year growth rate of 2.24%, laying a sound foundation for fulfilling the year’s objective.
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