Weichai Power Chairman and Chief Executive Officer Tan Xuguang stated at the “ Boao Forum for Asia 2011 Annual Meeting†that Weichai has maintained a high operating quality for the past ten years. Its core content is that we always adhere to the innovation of science and technology. The improvement of the product's ability to operate in the market, the improvement of efficiency, the increase in added value, and the increase in earnings per share in the stock market reflect this point. The development of the logistics industry provides a good opportunity for equipment manufacturing industry. This is a big environment. This opportunity is fair to all companies. Weichai Power Chairman and CEO Tan Xuguang The following is a textual record: An Yunwen: Welcome everyone to participate in this round of discussions. It was interesting that we were in Boao, Hainan Island. This is my eighth trip to Boao. I am very happy to see the development of Hainan Island is very fast. Twenty-one years ago, when I first came to Hainan Island, I went to Sanya. When I stayed in Sanya with my three children, the situation was clearly not as good as it was now. There were only a few palm trees. There was nothing. Now there is the Boao Forum for Asia. The star hotels can be seen that China’s economic growth has been very rapid in the past two to three decades. If I change the title slightly to ease things, if we change it slightly, we see that it is not a new round, but it is experiencing the experience of Hainan and China. A new round of growth. We see that many industries are growing because China’s GDP development target has exceeded expectations and inflation is also a problem. Global emerging markets are facing inflation issues. In the previous quarter, inflation exceeded people’s expectations. I first introduce guests: Executive Vice President of Saudi Basic Industries BAZID; Sybase Chairman and CEO Cheng Shouzong; Tata Consulting Services Co., Ltd. Deputy Chairman Ramadori; Neville POWER, Chief Operating Officer of Australian FMG; Tan Xuguang, Chairman and CEO of Weichai Power; We started with Mr. Tan Xuguang. You are doing diesel engines for big trucks and helping to build Hainan Island. Where is the engine for economic growth in the next decade or so? Please talk. Tan Xuguang: Just now the host mentioned what the next round of growth engine is. I think from a macro point of view, the last issue is that our growth needs to be driven by development. In the future, China will still be driven by the development of domestic demand. It is from the perspective of the economy that our country proposes strategic issues from the strategic perspective. Microscopically speaking, from the perspective of business operations, in the last round of domestic demand growth, our country pursued more industrial scale. Many companies are pursuing scale growth. In the future, our country’s enterprises will pay more attention to the industrialization of science and technology, and through industrialization of science and technology, through the scientific and technological innovation capabilities of enterprises to improve the development of science and technology, to achieve their own internal driving force. We can also prove this from the perspective of weeding firewood. The past ten years have maintained a high quality of operation. The core content is that we have always insisted on the innovation of science and technology, and our products have improved the ability to operate in the market. The increase in efficiency, the increase in added value, and the increase in earnings per share in the stock market reflect this point. So I have to answer this question. In the next ten years, our company is more important to the improvement of industrial science and technology in order to achieve future growth. An Yunwen: What your company has done can develop as fast as the Chinese economy. Your income has doubled last year, and it controls 40% of the total engine volume in heavy trucks. As inflation and the cost of investment continue to rise When is the challenge facing your company's development? Tan Xuguang: This issue is very good, because our industry is very good. In recent years, our rapid development in China and the development of our logistics industry have brought good opportunities for equipment manufacturing. This is a big environment. This opportunity is for all companies. It is fair. With this opportunity, we have always maintained a firm adherence to the rapid development of the company. Grasping this opportunity to increase investment in science and technology and other measures has enabled the rapid development of the company. The concept of a large group, we have increased 200-fold from 500 million in 2001 to 100 billion in 2010. Under the circumstances, the enterprises have exerted their own efforts in this environment. Third, you mentioned that the growth rate was particularly large last year. It should be said that this increase in the total amount has been a big one. It is even more important after the global financial crisis in 2008. It is more for enterprises than others. The same measure. For example, during the economic crisis, we paid more attention to cost management. When the economy recovers, our profits have doubled compared to others. When others were pessimistic, we thought this was an opportunity and increased investment. Last year we entered the market and met the market demand. The total growth brought by the market was greater than the market growth. This is what we achieved. Micro Wire Rope 0.8mm,Coated Wire Rope 0.8mm,Flexible Rope 7x19-0.6mm,Ultra Wire Rope 0.8mm Jiangyin Yunfeng Steel Wire Rope Products Co.,Ltd. , https://www.wireropegym.com