The hottest interview with Yuchai ancient hall stu

Exclusive interview with Yuchai Gutang students: enter the ranks of 100 billion yuan in five years

exclusive interview with Yuchai Gutang students who promote each other and so on: enter the ranks of 100 billion yuan in five years

China Construction machinery information

Guide: Yuchai group president Gutang students recently accepted an exclusive interview. Gutang students said that Yuchai predicted an average annual compound growth rate of 22% and 23% in the next five years, and the overall growth rate in the next five years is 2.5 times. According to this rate, by the end of the 12th five year plan, Yuchai will complete the goal of rebuilding a Yuchai

Gu tangsheng, President of Yuchai group, recently accepted an exclusive interview. Gu tangsheng said that Yuchai predicted an average annual compound growth rate of 22% and 23% in the next five years, and the overall growth rate in the next five years would be 2.5 times. "At this rate, by the end of the 12th Five Year Plan, Yuchai will achieve the goal of" rebuilding Yuchai "and enter the ranks of enterprises with 100 billion yuan

although the goal is high, Yuchai group still maintains a cautious attitude. Gu tangsheng said that the merger and acquisition plan in the European debt crisis should be treated with caution. Gu tangsheng believes that there are many successful cases and many failed cases of overseas mergers and acquisitions of Chinese enterprises. Chinese enterprises may be able to afford it, but for Chinese enterprises, the biggest challenge lies in the integration of corporate culture

the biggest support of local governments is non intervention

from a reform through labor farm 60 years ago to a large state-owned enterprise with an annual turnover of 40billion yuan now, if you want to summarize the 60 years of Yuchai with several keywords, Gu tangsheng, President of Yuchai group, believes that it is "reform, innovation and win-win". Behind these six words, there is strong support from local governments. Gu tangsheng told Yi Caijing that the biggest support of the local government for Yuchai was not to intervene

"most of the time, the government's management of enterprises is really one, and unification will die. The more management, the more constraints. What is the biggest support given by the local government to Yuchai? Without these rules, without restrictions, without too much intervention, I think this is very, very difficult to get. Especially in such a remote place in the west, it can be so detached that this enterprise can develop in this way, which is very rare." Gu tangsheng said

it will increase by 2.5 times in the next five years and enter the ranks of 100 billion enterprises

in 2011, Yuchai achieved a breakthrough of 40 billion yuan in operating revenue, an increase of 8% year-on-year, for the field of intelligent power transmission and transformation equipment. But for Yuchai, this is only the initial speed of the starting stage. Gu tangsheng told Yi Caijing, "Yuchai predicts an average annual compound growth rate of 22% and 23% in the next five years, and the overall growth rate in the next five years is 2.5 times". According to this speed, by the end of the 12th Five Year Plan, Yuchai will achieve the goal of "rebuilding Yuchai" and enter the ranks of enterprises with 100 billion yuan

in order to achieve this goal, Yuchai put forward the slogan of "building two product chains and multiple industrial clusters". Gu tangsheng said that during the "Eleventh Five Year Plan" period, Yuchai has completed the layout of the industrial chain planning, and the focus of the "Twelfth Five Year Plan" is to expand the scale and improve the market share on the basis of this layout

but when the speed comes up, how to guarantee the quality? Gu tangsheng said that between the two, Yuchai pays more attention to the latter. "Yuchai is actually an enterprise that pays more attention to business quality. In fact, as long as the business quality is good, even in the next" 12th Five Year Plan "period, the whole market will undergo a relatively large change. We can't achieve 100 billion, will 80 billion and 700 billion be ok?"

and how to ensure competitiveness in new areas? Gu tangsheng believes that Yuchai's biggest competitive advantage comes from culture and mechanism

"many of our backbones in Yuchai are outsiders, and the proportion of local people is no more than half. The geographical location of Yulin is so biased. When talents from other places come here, they can settle down and devote themselves to the construction of Yuchai. What is it? It is this culture."

Gu tangsheng introduced that the core of Yuchai's management mechanism is to discuss heroes based on performance and let the capable go. Many backbones are in their 40s or early 30s. In such large-scale state-owned enterprises, even in the Yangtze River Delta region with the highest degree of marketization, they are rare

be cautious about overseas mergers and acquisitions

the outbreak of the European debt crisis has allowed Chinese enterprises to see opportunities for overseas mergers and acquisitions and accelerated the pace of "going global"

in fact, Yuchai is one of the first Chinese enterprises to go global. It was listed on the New York Stock Exchange as early as 1994, becoming the second share of Chinese enterprises listed overseas

Gu tangsheng told that the step of going out at that time still has a very important impact on Yuchai today. First, listing financing solves the problem of capital. Second, it introduces the concept of internationalization of corporate governance

in particular, Gu tangsheng recalled that at that time, it was still a planned economic system. At that time, BASF would also show materials and solutions for battery coolant and battery pack fire safety liner. Many technological transformation projects of Yuchai had already started without even full approval. They needed financial support. They reported the project to the then State Planning Commission and broke their legs. The result was one sentence, "Your Yulin place is not within the scope of national planning, and the national engine planning layout is not at your point, not a penny." Forced to ask for money in the market, ask for money from foreign capital, and ask for money in the stock market and capital market

although it has tasted the sweetness of overseas capital operation 20 years ago, it has become the pioneer of Chinese enterprises' going global. However, Yuchai is still cautious about the goal of internationalization and the current popular overseas mergers and acquisitions

Gu tangsheng believes that there are many successful cases and many failed cases of overseas mergers and acquisitions of Chinese enterprises. Chinese enterprises may be able to afford it, but for Chinese enterprises, the biggest challenge lies in the integration of corporate culture

"after you merge and acquire an enterprise, you become its master. The relationship between you and him is not a simple relationship of cooperation and resource utilization, but a relationship between management and being managed. This cultural conflict, this deep-seated conflict, may be worse than your direct pursuit of cooperation."

therefore, Yuchai's "going out" strategy will focus on market and industrial layout, make a difference in market expansion first, and then gradually consider overseas acquisitions