Guangxi Yuchai Machinery Group is currently the largest domestic automotive diesel engine production base, and is hailed as the “Green Capital of Chinaâ€. The global financial crisis also once caused it to suffer from the cold winter.
With the full support of local banking financial institutions, Yuchai turned “critical†into a “machine†and successfully broke through. In the first half of this year, the production and sales volume of Yuchai Group's diesel engines doubled in contrarian fashion; Yuchai's brand value increased by 761 million yuan compared to 2008, and it continued to climb in the list of China's 500 most valuable brands in 2009, to 7.119 billion yuan. Rank 111.
Joint increase in loans, stable production and yield increase
In the first half of this year, the local ICBC, Agricultural Bank of China, and Bank of China actively carried out emergency rescue operations and jointly increased loans by 1.125 billion yuan to support Yuchai’s core (associated) companies, such as Yuchai Jishi, to achieve stable production and increase production, and helped the group break through successfully.
In the first half of the year, the Agricultural Bank of China Yulin Branch targeted Yuchai Group as the key loan marketing target, and provided support for the loan for lifting the production of the company. New loans from Yuchai’s core (associated) companies accounted for 37.43% of its new loans; ICBC Yulin Branch arrived at the same time. Quality co-financing methods such as mortgage loans, domestic trade financing, and discounted bills provide strong credit support to Yuchai’s core (associated) companies.
Side Knock Side Support Package
On the one hand, the banking industry has actively expanded the traditional credit business, and selected target customers to issue real estate (equipment) and other mortgage loans of more than RMB 109 million around the Yuchai Group’s upstream and downstream supporting SMEs, and the bill financing exceeded RMB 205 million, partially solving Yuchai’s The funding needs of several supporting SMEs in the industry chain. ICBC Yulin Branch held a special bank-enterprise cooperation meeting. Among Yuchai Group's upstream and downstream supporting small and medium-sized enterprises, 40 companies, including Weida Machinery Manufacturing Company in Luchuan County, Guangxi, were selected to support the development of its supporting Yuchai production.
On the other hand, the banking industry has actively innovated credit products, explored the issuance of finished product mortgage loans of RMB 42 million and accounts receivable pledged loans of RMB 50 million, and supported Yuchai's supporting companies in developing their production and archiving Yuchai Group. For instance, according to the actual needs of Guangxi Kaiyuan Machinery Manufacturing Co., Ltd., Luchuan Credit Union, Luchuan promotes credit loans for receivables to the company to issue community loans, so as to timely and effectively solve its capital requirements for development and production.
Take advantage of the market
The bank granted Yuchai Power an additional loan of RMB 30 million to use credit leverage to support Yuchai Group in grasping the opportunities for state-subsidized farm machinery to go to the countryside, increasing the production of general-purpose power products needed by rural customers, and placing a share in the domestic rural market. ICBC Yulin Branch timely increased the credit injection of “Yuchai Power†to support its increase in domestic rural areas to require the production of four-cylinder diesel engines and market launches, which will help Yuchai Group achieve a 40% sales share of domestic rural diesel engines.
To help enterprises seize the opportunity to stabilize foreign markets, the local banking industry issued a total of 179 million yuan worth of letters of credit in the first half of the year to support the “Yuchai Heavy Industry†and “Yuchai Jishi†imported bearings, and improve product performance through assembly production to promote jade. Chai Group continues to expand its own diesel engine export business. In February of this year, Yuchai Group and the Russian company signed a total of 10 million US dollars in the supply and marketing of engine products agreement, the intention to reach the supply and marketing engine 40,000 units / year.
Succeeded in Breakthrough and Created Better Results
Product production and sales hit a new high. The energy-saving and emission-reducing diesel engine is a key product of the Yuchai Group. With strong credit support, customers have come and orders have continued to increase. Its production line has been turned on 24 hours since February, and its capacity utilization has increased by more than 50% from the beginning of the year. More than 350,000 units, refresh historical production records over the same period. At the same time, Yuchai's sales market has gradually stabilized, and the number of four-cylinder common-engined diesel engines that supply the rural market has exceeded 10,000 units/month, and overseas markets such as Southeast Asia and Russia have further expanded. In the first half of the year, a total of 356,000 diesel engines were sold, an increase of 2.36% year-on-year, and sales revenue was 12.8 billion yuan, a year-on-year increase of 3.8%. The sales volume of products reached the highest level in the same period in history.
The effectiveness of technological innovation has been highlighted. In terms of independent R&D and innovation, the Group has strengthened its independent R&D and innovation since the winter, and has launched a series of leading technologies and products. It has won more than 20 outstanding results and is based on the Euro 4 emission standard heavy-duty diesel engine that was selected for the Beijing Olympic Games. Independently developed YC6L-50 Euro 5 electronically controlled diesel engine. In addition, Yuchai Group also successfully developed YC6J, YC6E and YC6F series hybrid engines for vehicles. More than 10 mainstream passenger car plants in the country selected Yuchai Group's new energy products as supporting power, and its market share exceeded 50%, becoming a hybrid of passenger vehicles. Leader in the field of power support.
Supporting industries bucked the trend. Gongtuo Yuchai Group's local small and medium enterprises supporting 100 parts and components are welcoming and enjoying the bright spring. In the first half of the year, the industrial output value reached approximately RMB 1.25 billion, an increase of approximately RMB 75.0 million compared with the same period of last year, showing a trend of adverse development. Yulin City Chiayi Machinery Co., Ltd. achieved a production value of 25 million yuan in the first half of the year and a sales revenue of 25 million yuan, an increase of 0.05 million yuan year-on-year.
With the prosperous production and sales of Yuchai Group, Yuchai Industrial Park set off a new upsurge in the construction of 110KV and 220KV substations and roads, pipelines, factories and other infrastructure. The first half of the 13 supporting projects that have been settled under construction have completed a total investment of 1.75 billion yuan. The Group's efforts to build a one hundred billion enterprise aircraft carrier are constantly adding forces.
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Shandong Guanzhou Iron and Steel Group Co., Ltd. , https://www.guanzhouiron.com