"Hematopoiesis" - a magic weapon for Yuchai to crack the crisis

"To maintain the sustainable and healthy development of the enterprise, we need to strengthen the "blood-building" function of the enterprise and permeate the reform throughout the entire process of enterprise development. A virtuous cycle will enable us to calmly and at any time." Recently, Chairman of the Board of Yuchai Machinery Group Junping said in an exclusive interview with reporters.

Faced with the ever-changing economic situation, under the impetus of crisis awareness, Guangxi Yuchai Machinery Group Co., Ltd. began to accelerate corporate transformation and formed the “Yuchai phenomenon”.

Conquering the problem must be supplemented with fresh blood

"The crisis is not terrible. It is terrible that there is no preparation." Fuping said.

According to the reporter’s understanding, in the face of the “turbulent” domestic and foreign economic situation, Yuchai’s development has grown by leaps and bounds. From January to July 2009, Yuchai Group sold 411,000 units of engines, an increase of 5.68%; realized sales revenue of 14.978 billion, an increase of 8.36% year-on-year; from January to June, it achieved 2770 sales of construction machinery, and the sales revenue of engineering machinery increased year-on-year. 44.76%. The Yuchai brand ranks 111th among China's 500 most valuable brands with 7.119 billion yuan.

Luan Ping told reporters that the results are very gratifying, but they cannot be proud. To maintain the sustained and healthy development of the company, there are many projects that need to be promoted. Constantly overcome the problems that hinder the development of enterprises and constantly replenish fresh blood.

Crisis awareness accelerates business transformation

“Yuchai has a strong sense of crisis and turns this sense of crisis into a real corporate behavior.” Fuping said.

In order to prepare for danger in times of peace, it is necessary for Yuchai, the head of the company, to convey this responsibility and belief to every employee. Yuchai will hold more than two business analysis meetings each year, take active measures to adapt to market demands, and even perform PK with industry competitors to find gaps with competitors. This enables Yuchai to make timely and correct decisions. The strong market of Yuchai has been strengthened, and the weak market has also gained strong development, leading the development trend of the industry.

If crisis awareness is the premise for enterprises to crack the crisis, then under the turmoil of the global financial crisis, Yuchai’s actions to successfully crack the crisis are more worth learning.

Junping told reporters that in order to optimize the industrial layout and timely adjust the product structure, the company first peeled off its subsidiaries with low main business association, small scale, and low technological content. In order to control the fine companies with large correlation and core components, it successfully entered the Haihong Group in November 2008 to solve the bottleneck problem of Yuchai Heavy Industries' long-term dependence on imported hydraulic components.

Secondly, since September last year, Yuchai’s product development has shifted toward low-price, light-weight, and fuel-efficient models, while vigorously developing agricultural machinery products and carrying out large-scale cost-reduction projects to build products and markets for Yuchai’s development. Advantage.

Training talents to improve market competitiveness

In 2009, Guangxi Yuchai Machinery Co., Ltd. carried out an important task, that is, process optimization and combat, so as to more effectively improve work efficiency and reduce work costs.

According to the data, Yuchai Group canceled 197 invalidation processes and 132 invalidation management systems, and the overall process optimization rate was 60%. The average number of links in each process was reduced by 0.5 compared with that before optimization, and the overall number of links decreased by 10%. However, they also proposed a higher goal of reducing the process link by 20% to 30%.

“Inside-training, building-out, and development based on capacity” is Yuchai’s operating principle in 2009. It is to improve the strength of hard work and build a market to cultivate growth points, gathering power. Establish a group strategic management system, continue to deepen the internal industrial structure adjustment of the group, expand external financing channels, take the initiative to seize market opportunities, accelerate the technological transformation of enterprises, innovate incentive mechanisms, develop leading products, cultivate innovative culture, and introduce and cultivate innovative talents. The ability to independently innovate, increase market competitiveness, and enable companies to achieve steady and rapid growth in a severe operating environment.

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