Respond to the Financial Crisis Actively in Yuchai

On February 16, Yuchai Group held the first meeting of the 16th Staff Representative Conference. More than 700 employees representatives gathered together to discuss Yuchai’s development plan. Liu Zifu, deputy secretary of the municipal party committee, Vice Chairman of the CPPCC, and Yu Ping, chairman of the Yuchai Board of Directors, attended the meeting.

Liu Zifu expressed warm congratulations on the opening of the first meeting of the 16th Staff Representative Conference of Yuchai Group on behalf of the municipal party committee and the municipal government. He highly praised Yuchai’s excellent performance in 2008 and realized “rebuilding a Yuchai in three years”. He hoped that in 2009, Yuchai will strive to overcome the global financial crisis by following the development guideline of “internal training, building, and development”. The adverse impact of the visit will continue to implement the strategy of “strong Chai Xingyu”, continue to innovate, maintain a vigorous development trend, and play a leading role in strengthening and expanding the city’s machinery manufacturing industry cluster and building a small and medium-sized city in the Pan Beibu Gulf to promote the city’s Scientific development, harmonious development, and making new and greater contributions to development.

It is understood that in the face of the global financial crisis and the market crisis, the business environment was superimposed. In 2009, Yuchai put forward the principle of “development of internal skills, external capabilities, and development of impetus”. Its connotation is: to improve internal strength and build market cultivation. Growth points are gathering momentum. Unite and mobilize all employees to work together to ensure growth, make contributions to development, and make unremitting efforts to “build a world-renowned brand and achieve a large multinational enterprise group”. The key tasks of 2009 Yuchai are: actively respond to the adverse effects of the global financial crisis, establish a strategic management system for the Group, continue to deepen the internal industrial structure adjustment, expand external financing channels, take the initiative to seize market opportunities, and accelerate the technological transformation of enterprises , Innovate incentive mechanisms, develop leading products, cultivate innovative culture, introduce and cultivate innovative talents, improve independent innovation capabilities, and increase market competitiveness.

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