Weichai Power's total operating revenue increased by 15% in 2009

Recently, Weichai Power held the "2008-2009 Annual Annual Meeting" in Beijing. The meeting analyzed and summarized the company's business activities last year, and proposed that the company's strategic goal in 2009 is to ensure that the total operating revenue should increase by 15%. Weichai Power Chairman Tan Xuguang pointed out in the theme report titled “Utilize Synergies to Build a New Weichai”, the company will implement a full-scale budget as a breakthrough point, implement the whole process of lean management, and strive to build a group full logistics value chain. Competitive Advantage.

According to the report of the Weichai Group's 2008-2009 operating report, although the operation of heavy trucks and auto parts companies was affected by the financial crisis last year, Weichai actively responded to it, implemented comprehensive budget management, strengthened business monitoring, and strengthened corporate governance. Achieved good results, the vast majority of subsidiaries achieved total operating revenue, sales and net profit growth. The group's total operating revenue reached 49.1 billion yuan, an increase of 19.8% year-on-year; exports earned 785 million US dollars, a year-on-year increase of 66.5%, and a record high.

The report proposes that the company's strategic goal for 2009 is to ensure that total operating revenues increase by 15%, and highlights four key tasks in 2009, namely, corporate culture construction, information construction, cadre team building, and overall budget management.

Tan Xuguang presented the theme report of "Playing Collaborative Advantages and Creating New Weichai" at the meeting. He pointed out that this annual meeting was a very important meeting held after the integration of Weichai New Group. Tan Xuguang said that in the past 2008, Weichai Group not only seized the great opportunities presented in the first half of the market, but also suffered the challenges of the global financial crisis in the second half of the year. The Group continued to maintain a fast and healthy development; The synergy between the business segments, the group and the companies began to appear; the group culture of “inclusiveness, communication, and responsibility” was gradually formed; the ability of the group to resist risks was continuously enhanced; the management system of the parent company of the group was further streamlined, especially Completed the formulation of the group strategy and achieved full integration with the subsidiaries.

In his report, Tan Xuguang put forward the key tasks of Weichai Power in 2009: First, to implement a comprehensive budget as a breakthrough point, implement the entire process of lean management, and strive to build a low-cost competitive advantage for the entire logistics value chain of the Group; second, to enhance the three Focusing on the core competitiveness of the large business segment, the role of the Shanghai Management Headquarters was brought into play to fully enhance the Group's ability to develop synergies in various business segments. Third, taking advantage of the structural adjustment of the industry, it firmly grasped market and policy opportunities and focused on exploring the domestic market. Outside the two markets; Fourth, speed up the information construction, realize the sharing of resources within the group, and promote the coordinated and rapid development of various business segments; Fifth, take “inclusive, communication, and responsibility” as the core, hold the overall situation, and innovate to form a new enterprise of the group. Culture; Sixth, taking the improvement of the quality of cadres as the main line, accelerating the pace of the introduction of external talents, and truly creating a cadre talent team that meets the requirements of the Group's international development.

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