Explore the development of Weichai Science

In October, the sun shines. In the season of festive harvest and sowing hope, Weichai ushered in the 65th anniversary celebration. Over more than half a century of time and space, Weichai has risen in Shandong, boasting China's dominance of power and its reputation on the international stage. With an astonishing speed, the country's expectation of an industry has become a world-acclaimed reality.

Weichai 65th Anniversary Celebration

The history of 65 years has fully proved that Weichai is a company with a sense of mission and responsibility. From the day it was born, it was the sacred mission and goal of the struggle to put the needs of the nation’s prosperity and the imperative of the nation’s construction. From the building of firearms in the Liberation War artillery to the development of medium-speed diesel engines at the beginning of the founding of the People’s Republic of China; from the first introduction of foreign heavy-duty vehicle engines in the 1980s, to the beginning of the new century, China’s first “blue engine” power with independent intellectual property rights came out. She experienced her own evolution and transcendence at the same time as she had experienced different development periods. She grew from a simple manual workshop to a modern enterprise that has a significant presence in the country and enjoyed international reputation. From a single-product manufacturing company, she has developed into a variety of products. Products, multiple fields, and comprehensive and coordinated development of industrial clusters.

The growth and development of any company will not be easy. At the turn of the century, Weichai experienced the most severe test in history. Faced with an extremely complex domestic and foreign environment and extremely difficult production and operation, Weichai people have dared to take the courage of the world and persistent perseverance to hold high the banner of reform and innovation, consciously practice the scientific concept of development, and strive to achieve economic development and clean development. Good and fast development has created the period with the fastest development and best operation in history. It has developed a scientific development path that meets the actual conditions of the company and uniquely features Weichai, and has achieved a historic turning point.

Inquiring into the scientific development of Weichai, the core is four unwavering.

-- Unswervingly taking development as the top priority and relying on development to establish a good image of the company at home and abroad.

Use development to solve contradictions and overcome difficulties; use development programs to stand out and congregate; use development to realize corporate value; use development to practice social responsibility. From 1998 to 2010, Weichai sales revenue increased from 770 million yuan to 91.1 billion yuan, an increase of 117 times; state-owned assets increased from 390 million yuan to 3.25 billion yuan, an increase of 8 times; profits and taxes from the realization of 36 million yuan , increased to 129 billion yuan, an increase of 357 times; the average annual income of employees rose from 5,800 yuan to 56,000 yuan, an increase of 9 times, and cumulatively paid employees five insurance and one gold 1.1 billion; for social assistance and public welfare donations Amount of more than 100 million yuan; accumulative dividend of 1.8 billion yuan in the capital market, Weichai Power's earnings per share ranks in the forefront of listed companies in Shanghai and Shenzhen for several consecutive years; accumulated for heavy trucks, construction machinery, passenger cars, ships and other supporting engines 262 Million units, including low-energy "blue engine" engine 820,000 units, fuel economy 4 million tons, huge social benefits; in 2007 after the merger of the Hunan torch, cumulative sales of 360,000 heavy trucks, heavy-duty transmissions 280 million units. The development of Weichai has driven more than 1,000 supporting companies and more than 4,000 dealers, agents, and service stations to develop together, and has made indelible contributions to the revitalization of regional and local economies. Weichai's achievements in development have fulfilled her solemn commitment to the country, society, partners, and all staff. The fact that Weichai has developed proves that she is a responsible company, a company with conscience, and a A company that can be completely trusted!

- Unswervingly take reform as the driving force and achieve self-reliant transformation and sustainable development.

It is the reform that breaks the shackles of outdated ideas and behaviors. It is the reform that removes the institutional barriers to the development of productive forces, and it is the channel through which the reforms have opened up the company to the capital market. It is the “two-wheeled revolution” that has formed the unique characteristics of chopping firewood. Drive "development model. In the final analysis, reforms have spawned new ideas, reforms have created a new environment, reforms have created new mechanisms, and reforms have created speed and efficiency. Practice has proved that without reforms, there is no such thing as chopping firewood; only by continuous reforms can we have a future of chopping firewood.

-- Unswervingly implement independent innovation and fundamentally enhance the company's core competitiveness. Independent innovation is the inexhaustible motive force for the sustainable development of Weichai, and independent innovation has made Weichai have its own core technology. In March 2005, China's first high-power engine with complete independent intellectual property rights and the emission of State III emissions - "Blue Engine" power was born in Weichai, followed by the National IV, National V10L and 12L, 5L and 7L large and medium power The "Blue-Qing" power came out in succession and laid the leading position for Weichai in the engine sector. At the same time, the company entered the Weichai General Dynamics Group’s strategic position with the product entering the market for heavy-duty trucks, engineering machinery and passenger cars. The core technology of Weichai is "independent innovation, self-owned intellectual property rights, and independent brands." Its contribution is that China's engine industry has since then had a "Chinese heart" and has begun a transformation from "Made in China" to "Created in China." Since 1998, Weichai has developed a total of more than 5,800 new products and special auxiliary products, obtained 506 patents, chaired and participated in 18 national 863 projects, and chaired and participated in the development of 27 industries and national standards. Actively contribute.

- Unswervingly implement the "people-oriented" principle and consciously practice "the development of enterprises depends not only on people but also on people."

We will fully promote human capital management with the core of maximizing human value. We will always insist that talent is the most precious resource in all kinds of corporate resources and the core of our core competitiveness. From an international perspective, we have established a global talent introduction mechanism and created a talent team with international quality, innovation, continuous learning, and adaptability to enterprise development, providing inexhaustible intellectual protection for sustainable development. The company culture of “humanism” has been nurtured. Its essence is “tolerance, communication, and responsibility”. These six words have become a banner of corporate culture construction in Weichai. Adhere to the "cultural leadership, strategic drive, active integration, build features, enhance the company's soft power," to achieve a cultural education, strong cultural enterprises.

Throughout the 65 years of Weichai, tremendous material wealth was created and a rich corporate culture was nurtured. Many valuable things were left to the industry, but the most precious thing was to nurture the spirit of reform and innovation, create an environment where people could do their best, created a team of entrepreneurs, and formed a culture of dedication. This is the foundation of prosperity and development.

Today's Weichai has already stood at the forefront of China's equipment manufacturing industry. However, Tan Xuguang stated at Weichai's 65th anniversary celebration that Weichai will never abandon the exploration of reform and innovation and will never stop the development. The strategic positioning of the Group is to create a world-leading equipment manufacturing group with core technologies and sustainable development and become an important player in the world's equipment manufacturing industry, ranking among the world's top 500 companies. In order to achieve this goal, Weichai people will redouble their efforts to quickly form new unique advantages, firmly grasp the initiative of development, so that the connotation of scientific development in Weichai will be a more profound interpretation.

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