Yuchai's generous $17 million prize for innovation

On March 28, 2017, Yuchai held a management innovation and innovation commendation conference, which issued awards for 16 management innovation and innovation projects in 2016, and rewarded a total of 17 million yuan.
Yuchai held a management innovation, innovation and commendation conference Yuchai held a management innovation and innovation commendation conference

Management Reform and Innovation Key Projects

The innovation of the management system that was launched in 2016 and will continue into 2018, the three-year award will exceed 70 million yuan.

Yuchai has also set up a management innovation and innovation mentor award to reward six foreign experts who have guided and planned management changes.

In recent years, Yuchai has successively introduced more than 10 senior experts in fields such as lean, R&D, quality, supply chain and human resources from well-known international companies such as Toyota and Cummins to guide Yuchai to build an internationally competitive product and management system.

Yuchai Management Transformation and Innovation Key Projects Yuchai Management Transformation and Innovation Key Projects

Significant achievements have been made in management reform and innovation

In 2016, Yuchai’s share management innovation created a profit of 270 million yuan, and front-line employee income increased by more than 10%.

In 2016, Yuchai's operating profit margin reached the highest level in history, and the market share of multiple market segments ranked first in the domestic industry.

In 2017, Yuchai’s engine orders increased rapidly. In the first quarter, engine sales are expected to increase by over 45% year-on-year.

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