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Recently, Guangxi Yuchai Machinery Co., Ltd. announced that Yu Ping, former director of the Yulin City Development and Reform Commission, served as chairman of Yuchai Machinery Co., Ltd., and took over from the former chairman Wang Jianming the baton of building the “World Power Kingdomâ€.
From 1985, he served as director of the Yulin Diesel Engine Plant. Wang Jianming took command of Yuchai for 20 years. Joint-stock reform, overseas listing, rapid development in the early 1990s and late-stage downturn in the last century, the second round of high-speed development in the early 20th century... Under the leadership of Wang Jianming, Yuchai grew from a farm machinery plant to an annual sales revenue. Ten billion yuan of large enterprise groups.
The 45-year-old Jun Ping, who took the post of Chairman of Renyuchai Group Corporation in May, has undergone major reforms in personnel construction, organizational adjustment, and financial management, and has focused on the internal management of the company. To take over as chairman of the company limited company, waiting for Fuping is a series of new challenges.
Although Yuchai’s sales increased by 20% compared to the same period of last year, the increase continues to stay ahead of the industry. However, Yuchai’s profits did not increase correspondingly because of the pressure from the OEM. The accumulation of receivables, the large scale of investment, and the increase in management and operating costs have caused great pressure on Yuchai.
In addition, there are two major issues to be solved for Fuping. First, the current domestic automobile and engine companies have established close cooperation with foreign industry giants, and Yuchai is still walking alone. There is no doubt that Yuchai has to be strong and big, only to go out of Yulin and go to the world. Under the current competitive situation, does Yuchai continue to move forward or choose a foreign partner? Second, as a national brand, how to create an influential brand in the world? If we continue to adhere to the development line formulated by Wang Jianming, it means that we must fully develop domestic and international joint ventures and cooperation to accelerate the introduction and application of high and new technologies.
Fuping’s answer is that the next step will be to expand the industrial chain around the main business, focus on the development of diesel engine, construction machinery and diesel-related industrial products, and control the development of gearboxes, logistics, and vehicle industries to achieve an annual sales of 1,000. The business platform over 100 million yuan has become a world-renowned large-scale multinational enterprise group.
In an interview with relevant media reporters, Fuping opened a “prescription†for Yuchai to get rid of the current difficulties: reorganizing Yuchai industry, rationally allocating industrial resources, building the largest enterprise industrial park in Guangxi, and bringing Yuchai into the country The merchants attracted Yuchai to create greater economic benefits.
Junping said that the focus of this year is: to strongly promote the expansion of construction machinery companies, and strive to be listed next year, to lay a foundation for the construction machinery company to achieve a production and sales scale of 3 billion yuan in the next three years; bigger and stronger Yuchai Lubricant Company, and strive to Within three years, the profit of the project will exceed 100 million yuan; the marketing and logistics industry will be integrated; the establishment of an institution will be established; the supporting indicators of the system will be focused on and the assessment methods will be implemented, especially the performance appraisal system for senior executives; The role of the company.
View related topics: Yuchai won the "China Brand Annual Award NO.1" (internal combustion engine) title in 2007