Yuchai generally releases the first prototype three to five years ahead of the state's implementation of engine emission regulations at different stages, and is the country's target promoter. The collapse of extensive enterprises has created more room for the development of high-quality enterprises. Since the beginning of this year, the slowdown in China’s economic growth has indeed caused a certain impact on the development of Yuchai. However, Yuchai still maintains a healthy development trend. Judging from the number of sales, from January to September 2014, total sales revenue was close to 30 billion yuan. Yuchai's engine sales increased year-on-year and continued to rank first among domestic multi-cylinder diesel engine manufacturers. In overseas market development, in 2004, Yuchai sold 461 units of Yuchai's engines in the ASEAN market; in 2013, Yuchai sold 33,000 units overseas, which was a year-on-year increase of 20%. In 2014, it is expected to maintain a good momentum of development. At present, China is accelerating the promotion of domestic structural reforms in order to increase market confidence. My most intuitive experience is that the country is no longer just focusing on the GDP growth rate, but whether the quality of economic growth has improved as the economic growth slows down and whether residents can obtain more benefits from growth. As far as the engine industry is concerned, the state has stricter enforcement standards for pollutant emissions from motor vehicles. This is an important measure for the country to promote structural adjustment. This will not only reduce air pollution but also promote industrial upgrading. The company with the ability never fears the ebb and flow. From State One to Euro VI, Yuchai generally releases the first prototype three to five years ahead of the state's implementation of engine emission regulations at different stages, and is the country's target promoter; it cannot deal with the collapse of extensive enterprises that have changed the market environment and policy. Next, it has created more space for the development of high-quality companies. To gain more market share, companies need to carry out continuous innovation and reform. At present, the transfer mode and structural adjustment are the general trend of economic development. Yuchai is also actively following the trend of economic development. Yuchai proposed this year the “second venture†with transformation and upgrading as the core. The upgrade covers many areas such as product innovation, technological innovation, and management innovation. Yuchai will speed up the construction of a new industrial city with a planned area of ​​10,000 mu, expand domestic and international joint ventures and cooperation, and the introduction and application of high and new technology, reengineering the R&D system and manufacturing system, and fully update the existing product spectrum, R&D , production and manufacture of products that can be more competitive in the European and American markets. Focus on expanding the "engine" and "petrochemical" two industrial chains, and build "financial" and "logistics" two major service platforms. The talent team is crucial for a manufacturing company with a poor geographical location to achieve “second-time entrepreneurship†and even basic survival. With regard to the introduction of scientific research personnel, Yuchai spent 500 million yuan to build a research and development institute in Nanning, which uses a superior and developed working environment to eliminate the worries of high-tech personnel. In the construction of the management team, emphasis is placed on discipline and regulations, and regulations stipulate that the senior management and the front-line staff must be on the same job at the same time to plan the new and old replacement of the management that can adapt to the international operation.
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