Leading Entrepreneurs

Wang Jianming, President and CEO of Yuchai Machinery Co., Ltd.

Mr. Wang Jianming was dispatched to work in Yuchai General Factory of Diesel after graduation from Shanghai Jiaotong University in 1969. He started as an ordinary worker, but later became a worldwide well-known entrepreneur with his strong mind and vision. Now he is President and CEO of Yuchai Machinery Co., Ltd.

Yuchai General Factory of Diesel, precedent of Yuchai Machinery Co., Ltd, was established in 1951. By 1980s, because of the poor management, it ranked only 173 among all diesel manufacturers in China, with old and out of date facilities.

In 1985, Mr. Wang stepped into the leading position of the factory. He set up the target of making Yuchai one of the largest diesel manufacturers in China, and adhered to mindset, updated product series, improved the management, and innovated new mechanism. In 1994 Yuchai was listed in the US stock market. By the year 1995, Yuchai had became China's largest internal-combustion engine bases, only second to Japan's Isuzu. In 2003, among the first 500 Chinese enterprises, Yuchai ranked 255 and in the next year Yuchai was resorted as the three best corporations in Guangxi as the gross revenue was over RMBŁ¤10billion.

As the largest manufacturer of internal combustion engines and the largest manufacturer and exporter of medium and small engineering machinery, Guangxi Yuchai Machinery (Yuchai Group for short) was formed by a combination of Yuchai Machinery Group Co., Ltd. and Yuchai Machinery Co., Ltd., which includes twenty-five holding and joint venture subsidiaries, whose main products are diesel engines and diesel generating sets. Yuchai has formed a board products series of both Diesel Engine and Diesel Engine Dual Engines. All the products obtain the Euro II standard. Right now some products have gradually entered into market. The product enjoys a great popularity for its ample power, rational price, reliable quality, and abundant applications.

Yuchai Group strictly follows the principle of "quality foremost and credible management" and the tenet of providing advanced, applicable products and honest, fast service. Therefore, Yuchai Group enjoys good reputation and public credibility. From 1993, Yuchai Group won the titles of " Customer-Satisfying Enterprise of China ", " Customer-Satisfying Products of China " for many times. In 2003, Yuchai Group was named as one of the "Top 10 trustworthy enterprises in China ". In 2004 it qualified for the Certificate for Product Exemption from Quality Surveillance Inspection.

After 1992, President Wang developed a diversified development blueprint. Now Yuchai ' s diversity includes: the production and marketing of diesel engines and parts, production and marketing of small to medium-sized construction equipment, automotive components, materials transportation and delivery, environmental protection products, automotive chemicals, hotels, tourism and more.

He also pointed out that the service provided by Yuchai should not only be the product/service itself, but the imbedded culture and the ideal of innovation as well. For many years, the company has attached attention to the construction of enterprise culture, pushing forward the EPR project, improving the ISO/TS 16949 Quality Control System, ISO14001 Environment Control System and GB/T2801 Occupational Health and Safety Management System. With these conditions, the company hopes to produce and sell at least 250,000 engines, with a gross revenue of RMBŁ¤15 billion and a gross profit of RMBŁ¤1.5 billion.

Yuchai Group ' objective in the next ten years is: 1. Set up joint venture cooperation both at home and abroad; 2. Speed up the introduction and application of new and high technology; 3. Expand the industry chain of its main business; 4. Attach importance to the development of diesel engines, construction machinery and related industrial products of diesel engines; 5. Reach an annual gross profit of 100 billion Yuan ($12.2 billion); 6. Further enhance the competitiveness in the international market; 7. Become a large multinational enterprise group.