Weichai Group will sprint to sales revenue of 100 billion yuan


On December 20th, at Weichai's sales revenue of over RMB 40 billion, the chairman of Weichai Holdings Co., Ltd. and the chairman and CEO of Weichai Power Co., Ltd. Tan Xuguang represented the management team of Weichai Holding Group. More than 2,000 representatives of domestic and foreign automakers, suppliers, and service providers announced that the next strategic goal of Weichai Group is to achieve sales revenue of 100 billion yuan and sprint to the top 500 global companies.

In 2007, Weichai once again made an amazing leap on the basis of doubled growth for five consecutive years: sales revenue exceeded 40 billion yuan, an increase of 66.7% year-on-year; 300,000 engine blocks, 500,000 gearboxes, and heavy-duty vehicles were realized. The highest production and sales record of 60,000 vehicles. As of the end of November this year, the market share of Weichai engines in the field of heavy-duty vehicles with a total mass of 14 tons or more has reached 36%, an increase of 9 percentage points from the same period of last year. The market share of loaders in the 5 tons or more loader market has reached 82%; The transmission business segment has a market share of over 92% in heavy-duty vehicles. Weichai has become China's largest auto parts group.

Tan Xuguang said that the breakthrough of 40 billion yuan is another significant milestone in the history of Weichai. It marks a new Weichai Group that is capital-linked, market-oriented, and highly synergistic. It was born; it marked the formation of the only gold industry chain covering the powertrain, commercial vehicles and auto parts of the Chinese auto industry; it signified that the new Weichai Group has entered a competitive, strong influence and strong A new period of growth potential.

In reviewing the achievements made in 2007, Tan Xuguang said that sales revenue exceeded 40 billion yuan to achieve a new breakthrough in corporate connotation. Its outstanding performance is as follows: First, remarkable achievements have been made in capital operation. On April 30 this year, Weichai Power absorbed the merger of the Hunan Torch and achieved the listing of the A-shares, marking the successful reorganization of China's two most influential auto parts and components groups; at the same time, the resumption of listing of Shandong Juli marks the restructuring of Shandong Juli. The successful completion of the work has established a large-scale development platform for the Weichai Group's medium-speed diesel engine business. The second is the continued success of product management. New Weichai built a new pattern of coordinated development of powertrains, commercial vehicles, and auto parts. The group has Weichai Power, Shaanxi Heavy Duty Truck, Fast Transmission, Hande Axle, and Zhuzhou Spark Plug. Zhuzhou Gear and a number of "Chinese Famous Brand Products" and "China Famous Brand" have jointly formed the brand effect of the Group and enhanced the Group's brand value. Third, the company won the National Quality Award. Weichai Power, with excellent performance management and the first place in the total score, stood out from the top 10,000 outstanding companies across the country and won the National Quality Award for the highest award in China Management, marking the operation and management level of the new Weichai Group. Brand strength has achieved international standards.

When talking about the impact of a sound fiscal policy and tight monetary policy on the heavy truck industry in 2008, Tan Xuguang stated that the market is fair to all companies and can only be demonstrated when the market is not good. The core of a business team's management and management is whether the company is ready when the market is good, and whether the company can cope with the decline. Tan Xuguang, for example, said that in the second quarter of 2005, China’s heavy truck market began to decline, and Weichai began to pay close attention to internal management from the second half of 2005, and realized the transition from extensive management to intrinsic management. In the face of the goal of an annual increase of 10 billion yuan in the next five years or so, Tan Xuguang said that setting goals must be challenging. Weichai’s confidence is based on having sufficient resource advantages, outstanding independent innovation capabilities, and perseverance. On the team.

?? Talking about the next major direction of corporate development, Tan Xuguang said that internationalization and corporate culture construction will be the top priority. In terms of internationalization, with the export value of the entire group reaching 500 million U.S. dollars this year, Weichai has successively established 16 overseas offices and more than 20 service stations in Vietnam, India, Bangladesh, Iran, Kazakhstan, and Sudan. In the next five years, the export target will reach 2 billion U.S. dollars. In terms of corporate culture, Tan Xuguang clearly stated that all the internal integration within the group has ended. Practice has proven that the integration and integration methods and methods of the company's corporate culture are supported by the original employees. Currently, the entire group operates very effectively. Since 2008, the Group will gradually carry out cultural communication and coordination, and will infiltrate all levels of the Group's products with its superior products and excellent management methods, thus creating a truly synergistic effect.

"The realization of 40 billion yuan is already a full stop. We must stand at a new starting point, study new issues, create a globalized new enterprise group, and build the world's largest, most powerful, international auto parts group. "This is not only Tan Xuguang's oath, but also the wish of all the Weichai people.




View related topics: Weichai Power: Expanding Auto Parts Gold Industry Chain


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