Yuchai ranks 18th among China's top 500 machinery makers in 2012

The release conference for the Research Report on China's Top 500 Machinery Makers and the World's Top 500 Machinery Makers has been held in Beijing recently. As a result, Yuchai ranked 18th among China's top 500 machinery makers in 2012. 82 Chinese machinery makers made the list of the World's Top 500 Machinery Makers released concurrently. The event was organized by the China Machinery Enterprise Management Association, and undertaken by the Research Institute of Machinery Industry Economic Management, World Executive Group and www.jx.cn.

This year's Research Report on China's Top 500 Machinery Makers still uses the Competitiveness Value Added (CVA) designed by the World Company Lab (WCL) according to international practice, to conduct a comprehensive analysis and study of enterprises' data including sales revenues, total profit, factors including return on assets and growth rate based on factors including industrial difference and media index. WCL is an industrial policy, corporate management and competition strategy research institution under World Executive Group headed by Prof. Robert Mundell, also winner of Nobel prize in economics.

The Research Report on China's Top 500 Machinery Makers in 2012 is its tenth edition since its first release in 2003. According to WCL's survey data, the sales revenues and total profit of enterprises on the list of China's Top 500 Machinery Makers in 2012 total up to 6.291116 trillion yuan and 495.281 billion yuan, up 7.30 percent and 14.20 percent respectively. It is thus clear that in the complex domestic and foreign economic context, China's machinery industry has reinforced and enlarged its fruit of coping with the international financial crisis, with production and sales growing steadily. But the industry's profit growth has retreated compared to previous years. Remarkably, 10 of the top 20 are from the auto industry, and 25 of the top 50 are automakers. China's auto industry set new world records in terms of production and sales, whose contribution to the machinery industry and national economy remains great.

(Mei Changfu)