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Feb. 14th, 2010, the first day of lunar new year. No. 1 plant of Weichai Power. Rumbling of machines are shouting down fireworks outside, the whole workers are busying at their own positions. According to person in charge of Weichai Power, currently markets are getting overall recovery, and their products falls short of demands. In January, 45,000 engines were sold out, and proceeds of sale reached 800,000,000 yuan (117,130,000 USD) with record high.
To meet requirements of customers, thousands of workers of Weichai Power abandoned Spring Festival vacations. “Orders are markets shares, and it’s also interest of each worker,” explained a worker called Yan Yangming, “This is the third Spring Festival I’ve spent in our plant."
Having encountered an economic winter, Weichai Power is rising last year: monthly sales volumes of engines increased from 30,000 units early 2009 to 40,000 units late last year. Operation revenue last year reached 52,300,000,000 yuan (7,657,393,000 USD), and that of engines were 30,500,000,000 yuan (4,465,593,000 USD), up 6.4% and 17.4% respectively. Profit and tax were 6,700,000,000 yuan (980,966,000 USD), up 51.1%; 379,000 engines were sold out, up 15.2%. In January, Weichai Power had a good start with proceeds of sale of 800,000,000 yuan (117,130,000 USD).
And all these are due to promotion of their R&D ability. Weichai Power develops over 300 new products and hundreds of patents each year to push the development of China diesel engine industry.