Yuchai Group's engine market share increased slightly in the first half of the year

In 2015, the country’s macro economy entered the “new normal” and economic development entered the mid-to-low-speed phase. The growth rate of investment in fixed assets across the country continued to drop, and the growth rate of industrial added value above designated size slowed down. Under this economic development environment, Yuchai Group's revenue for the first half of the year declined slightly compared with the same period of last year, but the overall operating situation of the Group was stable, especially the core business engine segment, and the production and sales of multi-cylinder diesel engines in the first half of the year. It ranks first in the industry and its market share has increased by 1% in the fierce competition.

Yuchai Group's engine market share increased slightly in the first half of the year
Yuchai Group's engine market share increased slightly in the first half of the year

Yuchai Group promotes the transformation and upgrading of the company under the guidance of the “Building a Platform for Promoting Transformation and Enhancing Health Benefits” Operational Policy. At the same time, it strengthens the control of member companies and strictly controls development risks. The entire Group has been operating smoothly for the first half of the year. .

The core business engine segment under the sluggish overall market situation and severe downturn, relying on its own optimization and product upgrading efforts, the decline is lower than the industry average, multi-cylinder diesel engine sales continue to maintain the industry's first place, market share is not reduced l, an increase of 1%. Agricultural machinery and export engine business achieved substantial growth.

In the logistics and auto trading sector, Yuchai's car sales in the first half of the year increased by 21% over the same period of last year, of which commercial vehicle sales increased significantly, with an increase of more than 136%. In terms of logistics and transportation, the cumulative revenue generated during the first half of the year increased by more than 2% over the same period of last year.

The oil sector was affected by the continued decline in crude oil prices. Production and sales volume declined slightly in the first half of the year.

In addition, the construction of a new industrial city is entering a new phase. At the end of June, the signing ceremony for the first batch of six investment agreements for entering enterprises in Yuchai Industrial New City was held in Nanning, with a total investment of approximately RMB 1.15 billion. It involved the manufacture of core components such as engine cylinders, steering systems, high and low pressure tubing, crankshafts, and trade logistics. .

In the next step, Yuchai Group will continue to intensify its reforms, rebuild its management and control model, and further promote the transformation and upgrading of enterprises to achieve healthy and sustainable development. At the same time, in order to ensure the domestic market share and strengthen cooperation with foreign companies, Yuchai will vigorously improve the quality of its products, and will strive to standardize products in Europe, the United States, Japan, and strive to achieve the quality of the world's high-end products.

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