Weichai Group: Economic Depression is an Opportunity for Enterprises to Make Technology Reserves

Tan Xuguang, chairman of Weichai Holding Group Co., Ltd., said recently that the economic recession period is also an excellent opportunity for enterprises to improve their technology reserves. As of the end of October this year, Weichai Group achieved sales revenue of 44 billion yuan, a year-on-year increase of 33%, a 25% increase in profits, a 23% increase in profits and taxes, and a substantial increase in foreign exchange earnings from exports.

Tan Xuguang made the above introduction at the recent Shandong Provincial Conference on Industrial Economic Operation. He said that since the fourth quarter of this year, the global financial turmoil has caused a decline in the real economy, especially in the equipment manufacturing industry. However, in the first 10 months of this year, various economic indicators of Weichai still showed significant growth.

Based on an early assessment of the global economic situation, Weichai responded early this year. At the same time as this year's industries have grown at the same time, they have accumulated large amounts of cash reserves. Since the outbreak of the US financial crisis in September, the Weichai Group has selected a research team to visit the market in the Americas and Southeast Asia, and held various strategic seminars in Hong Kong, Beijing, and Shanghai to formulate a set of companies. Operational response measures.

"The economic recession period is also a good opportunity for enterprises to make good technical reserves. Especially the current state has proposed new emission requirements for the engine. This is a good opportunity for the development of advantageous companies." Tan Xuguang believes that every industry adjustment is The industry reshuffles the opportunity to fully utilize the abundant cash flow for the powerful competitive enterprises to carry out the industry portfolio. At present, Weichai is actively promoting high-power marine engine projects to take advantage of upgrading the Weichai engine brand.

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