The 2009 China Top 500 Release and Large Enterprise Summit was held on September 5 in Hangzhou, known as "Paradise." Yuchai Group ranked 265 in the top 500 Chinese companies and 141 in the top 500 Chinese manufacturing companies with 2008 operating income of 20.988 billion yuan. This is the Yuchai Group's ranking among the Top 500 Chinese Enterprises for 6 consecutive years since 2003. The selection and analysis report of the Top 500 Chinese Enterprises sponsored by the China Enterprise Confederation and the China Entrepreneurs Association included representative backbones of different industries and regions in China and provided the society with authoritative information on the development status of large enterprises in China. It has become a “wind vane†and “barometer†for the society to observe and understand the development of Chinese enterprises. In 2008, in the face of the financial crisis that ravaged the world, Yuchai Group leveraged the advantages of talents, products, markets, services, culture, and management to optimize the industrial layout and adjust the product structure in a timely manner. Cracked the crisis and realized an upward trend. Sales revenue was 20.988 billion yuan, a year-on-year increase of 14.32%, surpassing the 20 billion yuan mark for the first time; and the production and sales of diesel engines reached 550,000 units, a year-on-year increase of 35%, a new record high, and production and sales in 2000. 7 times the amount, for eight consecutive years to maintain rapid growth, the average annual increase of 37%, diesel engine production and sales continue to rank first in the country's counterparts. During the 2008 Beijing Olympic Games, there were more than 5,000 Olympic-specific vehicles equipped with Yuchai State 3 and State 4 green power. As the only domestic power brand serving the Beijing Olympic Games, they served the Beijing Olympics and demonstrated the excellent quality of the Yuchai Machinery. In 2009, in the context of the global economic downturn, Yuchai Group put forward the overall management policy of “internally building, building, and developing†to build Yuchai’s excellence from the four aspects of culture, internal training, external construction, and innovation. The way of operation turns the crisis into a good opportunity. From January to August of 2009, the revenue from tax-included sales was 17.28 billion yuan, a year-on-year increase of 13.02%; the accumulated sales of diesel engines totaled 464,000 units, an increase of 8.64% year-on-year. Diesel engine production and sales continued to rank first in the industry.
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