Yuchai was awarded "National Technological Innovation Demonstration Enterprise"

On December 14, 2011, the Ministry of Industry and Information Technology, the Ministry of Finance, and the China Enterprise Confederation convened the National Enterprise Technology Innovation Conference at the Great Hall of the People in Beijing. The General Assembly of the Ministry of Industry and Information Technology, the Ministry of Finance identified the first batch of 55 national technology innovation demonstration companies awarded, Yuchai Division became the only company in Guangxi to win this honor, and is the only one listed engine company. The Assistant General Manager of Yuchai Machinery Co., Ltd. and the Director of the Engineering Research Institute Lin Zhiqiang attended the conference and received the plaque for the “National Technology Innovation Model Enterprise”.

The 55 companies identified in this batch have covered well-known companies that have made outstanding contributions to technological innovation in all walks of life across the country. This fully reflects the outstanding contribution and leading role of Yuchai’s shares in the technical innovation of the engine industry. This is the fourth batch of innovative enterprise pilot company qualifications awarded by the Yuchai Securities Department in 2010 (Science and Technology Department, State-owned Assets Supervision and Administration Commission of the State Council, and the All-China Federation of Trade Unions) and National Torch Program Key High-tech Enterprise Qualifications (National Torch Hi-tech Another state-level qualification was granted by the Technology Industry Development Center, and presented a gift for Yuchai’s 60th anniversary.

The identification of national technology innovation demonstration enterprises includes six basic standards including the company's core competitiveness, leading position, innovation capability, R&D investment, industry leading role and independent brand. The national technology innovation demonstration enterprise shall implement dynamic management, review and evaluate it once every three years, and confirm the qualified model enterprises, and disqualify them. In the next three years, Yuchai’s shareholding companies will receive preferential policies and support from the government in various aspects such as industry, finance and taxation, which will be of positive significance for the further improvement of Yuchai’s technical progress and innovation capabilities.

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