In 2008, Yuchai Group continued to show strong momentum in its development. Despite adverse weather conditions that began affecting the supply of spare parts and the transportation of products from late January, the company still managed to achieve impressive results for the first month of the year. All major business segments showed positive growth, with the engine market experiencing a robust upward trend. Demand was high, orders were coming in rapidly, and engine sales saw an increase of over 20% compared to the same period last year, setting a new record.
The shares and power companies implemented a "sky-mark" management approach, focusing on improving labor productivity and ensuring full capacity output. They worked hard to meet market demands. In particular, the power company saw a year-on-year output increase of more than 30%, while sales revenue rose by over 40%.
In the construction machinery sector, performance was strong both domestically and internationally. The overseas market kicked off the new year with success, achieving export value exceeding $3.5 million by the end of January, with total monthly exports expected to reach $4 million. This result reflected the company’s efforts to strengthen its overseas market strategies and improve internal operations.
Domestically, the engineering company enhanced its management of offices and agents through the establishment of dedicated teams, which helped improve the implementation of company policies. Sales revenue in January surpassed 50 million yuan, far exceeding the combined total of the first two months of the previous year.
The logistics sector carried forward the spirit of “self-purification and pursuit of excellence,†significantly improving operational quality. It achieved sales revenue of 160 million yuan in January and met its monthly targets smoothly.
The monopoly company introduced innovative business models, developed new businesses, and expanded its market space. In January, the shipment volume of library products also increased by 6% year-on-year. With the overall growth of the engine market, the auto parts sector also benefited, with products in short supply.
According to the distribution company, sales were very strong, with only unsellable products being left behind. Production was under significant pressure, and employees were working overtime to maximize production capacity. Sales revenue for the distribution company increased by more than 20% year-on-year in January.
The steam auto section focused on new product R&D and expanded production scale, making the "quick copy" marketing model effective. The lubricants segment achieved remarkable results by strengthening its marketing efforts, optimizing production layout and product structure, and achieving a sales growth of 117% year-on-year.
With a new beginning in 2008, Yuchai implemented new measures and achieved impressive results, inspiring its employees. The company started the year strongly, bringing it one step closer to its goal of "rebuilding Yuchai in three years." As the Spring Festival approached, all Yuchai employees remained highly motivated, working hard to ensure the achievement of annual goals throughout the year.
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