[Focus of the Two Conferences] Muping Representative: Reducing the Investment, Reducing the Energy, Reducing the Three Years, Recreating a Yuchai

"‘Investment is ongoing, momentum remains strong, and our target is firmly set!’ On the afternoon of the 7th, the Guangxi delegation welcomed Chinese and foreign reporters. Ping Ping, a National People's Congress deputy and Chairman of the Board of Directors and Secretary of the Party Committee of Guangxi Yuchai Machinery Group Co., Ltd., expressed the confidence and determination of ethnic enterprises in facing challenges head-on and striving for success. In 2015, the company still aimed to achieve sales revenue of 800 billion yuan, a goal that had not been revised. Ping Ping emphasized that the company was confident in its path forward and believed that the media would also be convinced by its performance. Back in 2008, Yuchai’s sales revenue surpassed 20 billion yuan, reaching 20.84 billion yuan, successfully fulfilling the three-year plan launched in 2006 to 'recreate Yuchai.' When asked about the impact of the global financial crisis, Ping Ping stressed that despite the challenges, Yuchai remained committed to its 2015 target of 80 billion yuan in sales. The company has not only maintained its investment but also continued to grow, with orders in February and March this year hitting record highs. Ping Ping highlighted that Yuchai is investing 25 billion yuan over the next five years for technological transformation, with 3 billion yuan already allocated for this year. He emphasized that while current difficulties are real, they are not insurmountable. The key lies in strengthening core competitiveness, improving management, and producing high-quality products to remain resilient during crises. Yuchai has not reduced its investments, nor has it slowed down its pace. It continues to focus on its long-term goals and plays an important role in driving the development and revitalization of China's national industries." (Word count: 508)

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