From January to May 2012, Shandong Weichai Group achieved export value of 388 million US dollars, an increase of 75% over the same period of last year. This performance is particularly prominent for the Chinese electromechanical industry where the overall export situation is not optimistic. Weichai has achieved this result. What?
As the member unit of the China Quality Inspection Association, Weichai Power Co., Ltd. has just successfully developed China's first high-voltage common rail electronic control system, which broke the long-term monopoly of foreign companies in this field. It is thanks to such products that the international market where Weichai has been cultivating for many years has finally achieved a great breakthrough in 2012. According to the person in charge of the company, the performance is behind the fact that in recent years, they have used a set of strict management to truly put the rights and interests of the investors of state-owned enterprises into practice. In Weichai, we can see such striking warnings everywhere: “We don’t do good old people, improper peace officers; do good things for our employees and do good things for our employees; we set ourselves good examples and be honest and clean.†It is under the supervision of this “ covenant about the three chapters â€. Wealth Group’s only few executives who had not been demoted or dismissed during the past decade have been reduced to the position of the current presidential assistant, Liu Yuanqiang, from the position of the group's minister to the deputy factory manager.
According to reports, it is precisely through strict management that the Weichai Group has grown from an annual sales income of less than 500 million a year ago and a loss of 80 million yuan to an international enterprise with sales revenue of 100 billion yuan in 2011 and a profit of 10 billion yuan.
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