Yuchai Machinery (Guangxi) Group Co., Ltd. Business Report FY ended Dec. 2014
Business Highlights
Financial Overview
-The Company announced its diesel engine production and sales results for 2014. The company produced 466,855 units and sold 510,841 units, capturing the largest share of the automotive diesel engine market in China. The company's market share reached 14.6 percent in the production segment and 15.8 percent in the sales segment. (From news releases issued by multiple sources on January 16, 2015)-The Company announced that it sold approximately 125,000 bus engines during 2014. The volume was about the same as that of 2013 and was smaller than the targeted 126,000 engines. The company was able to maintain the top position in the Chinese bus engine market. (From news releases issued by multiple sources on February 4, 2015)
Acquisitions
-The Company announced that it would turn Yuchai Rebuilt Industry (Suzhou) Co., Ltd. into its wholly owned subsidiary by acquiring the remaining 49 percent share owned by Caterpillar (China), its joint venture partner. Yuchai Rebuilt Industry (Suzhou) was established in April 2010, and started operating in 2011. The joint venture mainly carries out recycling of diesel engines and their components made by the Company and Caterpillar. (From news releases issued by multiple sources on July 3, 2014)Contracts
-The Company announced that it was awarded a new contract to supply 635 engines for city buses operated by Beijing Public Transport. The Company would supply 587 natural gas engines that meet the China V emissions standards and 48 diesel engines that meet the Euro IV standards. This was the first time that the Company has won a Euro IV engine program. (From a press release on January 7, 2015)-Guangxi Yuchai Machinery Co., Ltd., a subsidiary of the Company, announced that it supplied six samples of its YC4FA130-50 engines to Shanghai Wanxiang Automobile Co., Ltd. These engines that meet the China V emission standards were installed on Shanghai Wanxiang’s SXC6720G5 buses for public transportation. This was the first time that Yuchai Machinery’s China V small engines are used on public buses. (From a press release on September 18, 2014)
-The Company announced that 800 new-energy buses powered by Yuchai engines were put on public roads in Fushun City, Liaoning province in June 2014. These buses include 200 buses that use liquefied natural gas (LNG) engines and 600 buses that use gas-electric hybrid systems. Fushan City is a model city for the promotion of new energy vehicles. This is the first time that the city introduces such a large number of new energy buses into its public transportation system. (From a press release on June 19, 2014)
-The Company announced that C&C Truck’s fire trucks that feature Yuchai’s YC6K1242-40 diesel engine rolled off the assembly line in Germany in April 2014. The Company also said it had won large orders to export natural gas engines to Russia. (From a press release on April 18, 2014)
R&D
R&D facility
| Facility | Overview |
| Guangxi Yuchai Engineering Research Institute | -Established in 2007, this research institute conducts its development activities in four divisions: Product engineering division; Electronic control technology division; Test engineering division, and Technology management division. -The focus of its development activities is on engineering technology as practical business solutions to reduce emissions, and developing diesel engines for passenger vehicles. |
| Combustion engines Union testing Laboratory | -Established in 2009, the new testing laboratory is to conduct research and development on combustion technology for diesel engines; along with R&D activities on automotive noise, vibration, and harshness; and on intake systems. |
| R&D center | -Established in 2011, the center is to conduct joint research and development activities for large turbochargers used in vessels and automobiles. |
| Practice-Education center |
-Established in 2011 with Huazhong University of Science & Technology (HUST). |
| Guangxi Diesel Engine Engineering Academy |
-Established from 2012 to 2015, the Company is solely responsible for the construction. |
-Guangxi Yuchai Machinery Co., Ltd., a subsidiary of the Company, held a ceremony to celebrate the opening of a prototype production center at the Yuchai foundry center in October 2014. The prototyping facility, which was built on 7,000 square meters of land, has already been operational since July 2014. In addition to the workshop which was shown at the ceremony, two more workshops are scheduled to be established: one for assembling and one for machining. (From a press release on October 17, 2014)
-The Company announced that its new National Engineering Laboratories of efficient energy saving and environmentally friendly internal combustion engines were approved by the Guangxi Development and Reform Commission in July 2014. The Company established these laboratories at its plants in Yulin and Nanning. These facilities are the first state-approved engine laboratories set up by a Chinese engine supplier. (From a press release on July 16, 2014)
Technological Alliance
-The Company and Hunan University signed a strategic partnership agreement in March 2014. In accordance with this agreement, they would expand their collaboration in areas including scientific studies, human resources development, and information exchanges. In addition, the Company would sponsor a scholarship programs for the University’s students specializing in internal combustion systems, and vehicle engineering and management. The Company is ready to provide CNY 500,000 over a three-year period. (From a press release on March 18, 2014)Patents
-As of Dec. 31, 2014, the Company had more than 1,500 patents in total.New products
-The Company announced a number of new engines in January 2015, which included the following products that meet the China V standards:・YC4Y22-50: a 2.2-liter, 75kW-120kW diesel engine for mini buses, light-duty buses, light-duty trucks, pick-up trucks, SUVs, and MPVs
・YC4S-50: a 3.76-liter, 96kW-125kW diesel engine for medium- and luxury-class trucks (5 to 8 tons) and for buses that are 7 to 8 meters long
・YC4EG-50: a 4.73 liter, 103kW-147kW diesel engine for buses (7.3 to 9 meters long) and 4X2 medium- and light-duty city buses
・YC6MK-50: a 10.3 liter, 220kW-309kW diesel engines for city buses
・YC4FAN-50: a 66kW-85kW natural gas engine for city buses (6 to 7 meters long)
The company also announced its new YC6L-60 diesel engine that meets the Euro VI emissions standards. The engine, which is based on a 6-liter engine platform, delivers 177kW-243kW on 10- to 12-meter luxury buses and 25- to 40-ton trucks. (From a press release on January 26, 2015)
-Yuchai United Power Co., Ltd., a subsidiary of the Company, announced its new YC6K1248-50 engine that meets the China V emissions standards in December 2014. The YC6K1248-50 engine is a lightweight diesel engine, which was developed based on the K12 engine. The engine features a thin-walled cylinder block that was made by precision casting. Components such as cylinder heads and oil pans are made of plastic, which reduces product weight and engine noise. The engine produces cleaner emissions thanks to an efficient combustion system. It achieves a high engine brake power of 250kW/L due to the adoption of a double stroke exhaust brake and the elimination of a butterfly valve. Pistons are made from specially processed material that stabilizes the heat expansion rate and narrows the space between the piston and the cylinder wall. The company said these improvements, together with a newly designed return oil pool, reduce engine oil consumption. (From a press release on December 31, 2014)
-The Company announced four new diesel engines, the YC4E-48, the YC4S-48, the YC4D2 and the YC6MK, for heavy- and light-duty trucks and mini buses in January 2014. At the same time, the company also announced the YCHPT II, the second generation of its plug-in hybrid system. (From a press release on January 18, 2014)