With the successful ignition of China's first counter-mounted diesel engine on a test bench on July 28, 2015, this independently researched and developed engine with original technology will add impetus to Yuchai ’s technological innovation and mechanism change, and help Business operations are stable and good.
Innovation and innovation in sales of Yuchai's multi-cylinder diesel engine
In the first half of 2015, Yuchai continued to maintain the industry's first multi-cylinder diesel engine production and sales, and its market share increased by 1% year-on-year. Among them, the sales of light trucks, agricultural engines, and engines for overseas markets both achieved significant growth; as the Group’s second startup carrier The construction of Yuchai Industrial New City entered a new phase. Six companies with a total investment of approximately RMB 1.15 billion signed contracts to enter the city; sales of logistics vehicles increased by 21% over the same period of last year; cumulative logistics and transportation revenue increased by over 2% over the same period of last year.
Insist on continuing to lead the market with technology research and development. Yuchai launched the country's five products on the leading industry. In June of this year, Yuchai launched its first Euro VI diesel engine in the Beijing market and continued to seize the commanding heights. From January to July, the production and sales volume of Yuchai’s National IV and State V engines increased by more than 60% year-on-year. At the same time, prior to the implementation of the T3 emission regulations, Yuchai has increased its product development efforts. In mid-August, there will be more than 10 models of engine-compliant engines available, laying the technical foundation for Yuchai’s T3. In addition, Yuchai’s R&D technology reserves in the field of electric vehicles have been basically completed, and electric vehicle related industries will soon be landed.
Adhere to the reform and development to add vitality. Yuchai built a lean manufacturing system to strengthen the management of the product's entire life cycle and drove the productivity of the company to increase substantially. The benefits of the lean improvement project in the first half of the year exceeded that of last year; the organization reform was promoted and the factory was integrated into a product platform. The basic engine assembly plant has established a factory manufacturing system with complete functions and closed responsibilities, and the production efficiency has been greatly improved; the divisional system model has been implemented, and the production, sales, and research closed-loop management have made remarkable achievements in output delivery and cost reduction management.
The core subsidiary, Yuchai Joint Stock Company, began to optimize organizational and personnel reforms, reducing the company's business lines from 15 to 6, implementing centralized management of operations, streamlining business processes, and breaking down departmental barriers to achieve lean operations and efficient collaboration; The reform of the parent company Yuchai Group Company was put on the agenda, and the management and control model was reconstructed, and the transition from financial management and control to strategic management and control was implemented to ensure the strategic landing.
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