Yuchai Group's sales revenue in 2005 exceeded RMB 12 billion, and the number of diesel engine production and sales exceeded 260,000 units. In 2006, sales revenue exceeded RMB 14 billion, and diesel engine production and sales exceeded 360,000 units. A year to a new level, Yuchai’s development is unstoppable. In 2007, under the increasingly fierce competition in the market, Yuchai Group took the wind and waves, made unremitting efforts, and made a bold move: Sales revenue exceeded 18 billion yuan, and diesel engine production and sales exceeded 500,000 units. In the first place, it ranks first among the world's single-plant production and sales. ■New product development After opening Yuchai's report card last year, new product development can be described as fruitful. Among them, the Division established the Engineering Research Institute, which greatly enhanced its research and development capabilities. It developed 117 basic products throughout the year, an increase of 41% year-on-year. Four major product platforms, 4Y, 6K, 6T, and 6C, were developed. One year; launched and implemented 73 upgrade projects for existing products with a mission completion rate of 400%... In the research and development of new products, Yuchai has made tremendous contributions to energy conservation and emission reduction. Yuchai completed the development of 4 products such as 6J, 6L/CR, 6L/UP, etc. last year, and successfully bid for bids for 4 bus products in Beijing, Hangzhou, and Shenzhen respectively, and received more than 2,000 orders in total, becoming the only one in China. Bulk supplier of 4 diesel engine manufacturers. The Yuchai Guo 4 engine successfully entered the bus market in bulk and was evaluated by the media as a highlight of the Chinese bus market in 2007. At the same time, Yuchai successfully developed the first YC6L-50 Euro V electronically controlled diesel engine in China last year, marking Yuchai's reintroduction of the domestic diesel engine industry in response to the country's energy-saving emission reduction and providing green environmental protection power. In addition, Yuchai successfully developed a hybrid passenger vehicle model for urban passenger vehicles last year. This is the first innovation result of a domestic single-shaft parallel technology for the development of urban passenger vehicle powertrains, and has led the next generation of new power technology trends. ■Market development is effective Yuchai is also a pioneer in market development and has achieved remarkable success. In the truck market, Yuchai implemented a heavy-duty battle, a middle-machine defense campaign, and a light truck scale war, forming a comprehensive advantage in the construction vehicle market. 6M heavy machinery gradually gained recognition in the heavy truck market. The sales of China Card manufacturers achieved substantial growth, and reversed the disadvantages of Yuchai in medium-sized road vehicles. Light trucks showed bright spots and increased by 427% year-on-year. 4E became the growth point of Yuchai Road Vehicle. In the passenger car market, Yuchai consolidated bus travel, expanded road passenger transport, fostered the development of rural and overseas markets, and formed a new advantage in middle-to-high-end road passenger transport. The nation's 3 products have been fully rolled out in the bus and travel markets in the first-tier cities, and the growth of the 4 Series has been a bright spot, achieving sales of more than 2,000 units. In the general machine market, Yuchai maintains 30 and breaks through 50. The 6M Xiagong project is expected to exceed 5,000 units throughout the year, a year-on-year increase of 351%, and will have a positive impact on mainstream loader manufacturers. In 2008, it is expected to form 6M batches at other mainstream manufacturers. Installed sales. ■Breakthrough in overseas business Last year, Yuchai sounded a clarion call to march into the international market and made breakthroughs. Last year, the company’s engine exports exceeded 29,000 units, a year-on-year increase of over 263%; 6M heavy engines exported more than 600 units to Russia and exported more than 400 units to Vietnam; the country’s 3 engines were exported to foreign countries for the first time and more than 450 orders were successfully obtained in the Russian bus fleet in Kazan. The YC4108 achieved a major breakthrough in Vietnam. At present, it has exported more than 3,400 units, an increase of 2.6 times year-on-year, accounting for more than 90% of the local 5 tons of trucks market share.
Yuchai's sales revenue exceeded RMB 18 billion in 2007