Yuchai: Insurance start, training advantage sprint 40 billion sales mark

On February 26, 2011, the third meeting of the 16th Workers' Congress of Yuchai Group was opened. The 758 staff representatives, special representatives, and representatives attending the meeting gathered together to discuss plans for development and work together for harmony, and provided advice and suggestions for the Group’s goal of achieving RMB 40 billion in 2011 and RMB 100 billion in the “Twelfth Five-Year Plan” period. .

Fu Ping made a comprehensive analysis of the development characteristics of the Group during the “Eleventh Five-Year Plan” in his speech “Cultivating Advantages, Winning the First Combat, Giving the First Fight to the Group's 60th Anniversary Celebration”: First, to achieve a converse growth; Second, to leapfrog the development of a new realm. The third is to open the era of strategic management; the fourth is to enhance the ability of independent innovation; fifth is to successfully promote cultural change; sixth is to promote the financing of the original situation; seventh is to expand the country to expand the space for survival; eighth is to "create excellence first," add vitality. At the same time, Fuping also analyzed the existing problems and deficiencies of the Group on the way forward: First, the Group’s talent pool is insufficient and talents are lacking; Second, the progress of listing is slow; Third, product quality is repeated, and the image of the company The brand reputation has a greater impact; Fourth, the entire group must achieve the goal of 100 billion yuan, and the resources reserve is seriously insufficient.

Luan Ping depicts the group's grand blueprint for the “Twelfth Five-Year Plan” and positions the group’s “Twelfth Five-Year Plan” as two product chains and multiple industry groups. The specific target position is to ensure that the Group’s “two product chains and multiple industry groups” will continue to develop at a high speed, in a healthy and coordinated manner, and in 2011 it will exceed 40 billion yuan. After 2012, the scale of expansion cannot be less than 10 billion yuan each year. By the end of 2015, we ensured that the Group's sales revenue reached 100 billion yuan and entered the ranks of the 100 billion group, achieving a simultaneous increase in total profits and sales revenue.

Junping also used five key words to summarize the characteristics and significance of the Group's "12th Five-Year" development strategy.

The first keyword - spanning. The target of 100 billion will be several times the target of 30 billion yuan at the end of the "Eleventh Five-Year Plan". Since 2012, each year will expand at a scale of no less than 10 billion yuan, with an average growth rate of 25%. The leap of “Twelfth Five-Year Plan” should be reflected in the qualitative leap and qualitative leap in the management of technology research and development, product reserves, quality improvement, production procurement, marketing services, international operations, talents, brands, and culture. Reflect the true connotation of the leap.

The second keyword - fission. In the specific strategy for each block, the 2015 engine block, including the Zhuhai low-speed ship machine and the Ziyang medium-speed machine, will have a scale of 50 billion yuan. At the same time, by 2015, construction machinery, logistics, mechanical and electrical engineering, energy and chemical engineering will all become billions of yuan worth of shares. From now on, only a joint-stock company with over one billion yuan will have five billion-dollar grades after five years. Business.

The third keyword - magnificent. In the past 60 years, Yuchai has grown from small to strong, weak and strong, and has gradually grown into the backbone of China’s national industry and has assumed the important task of revitalizing national industries. Today, Yuchai has already had the strength and courage to sprint up to 100 billion yuan. Only by constantly advancing toward a grander and more ambitious goal can Yuchai go further.

The fourth keyword - challenge. The goal of 100 billion is magnificent, but it is very challenging. In a short period of five years, the group has to climb from 100 billion to 100 billion, and some subsidiaries have to climb from a dozen or more to a few billion to a few billion or 10 billion. The difficulty is not small, and the task is arduous. Unprecedented and full of challenges.

The fifth keyword - well-being. By 2015, the Group expects to increase employment by nearly 20,000 people; total profits and taxes will exceed 10 billion yuan; become a gathering place for Guangxi's scientific and technological talents; and a model of a harmonious society will be created; the effect of “strong Chai Xingyu” will appear, and the local matching rate will exceed 40%. In terms of living environment, Yuchai Plaza will be completed and become a new landscape in Yulin City; the coal yard will be successfully relocated and the viaduct will pass. All the foundries will gather in the industrial park and the air will be fresh. Yuchai’s new residential community will take shape and the supporting facilities will be available. It helps employees' physical and mental health.

At the meeting, Fuping issued the Group's operating principle of 2011: "Preserving the opening, taking advantage of the project, and training the advantages." The business objectives are: sales revenue exceeds 40 billion yuan, achieving a simultaneous increase in total profits and sales.

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