Interpretation of enterprise values and spirit of Xuzhou Meichi Axle Co., Ltd.
Honesty, integrity, mutual respect, teamwork and the pursuit of Excellence
Integrity, respect for teamwork and Excellence
Honesty and integrity:
Honesty and integrity is the basic principle of being a man, the core of good morality and the foundation of all kinds of excellent characters.
Xuzhou Meichi always advocates that employees should "say what I do and do what I say", and employees should be loyal to the enterprise and their posts. Be a man and do things, be consistent in words and deeds, seek truth from facts, be sincere and upright, be honest and upright, keep promises, tell the truth, do practical things, and be not hypocritical, exaggerated or whitewashed. No matter big or small, as long as you promise, you must honor it. Establish the reputation of the enterprise with our consistent honest and upright behavior.
Mutual respect:
Arvinmeritor puts "respect for individuals" at the top of the nine concepts of white shirts, and employees are the most precious wealth of Xuzhou Meichi. Mutual respect is to establish an atmosphere of intimacy, mutual trust, mutual support, mutual help and mutual concern between managers and employees. By respecting each employee's personality and hobbies, creating a harmonious and friendly employee relationship through equal and open communication and appropriate authorization, we can give full play to employees' intelligence, mobilize their work enthusiasm and subjective initiative, and finally improve them through the joint efforts of all employees.
combine/join forces (with sb)
One of the nine ideas of arvinmeritor white shirt. Teamwork is one of the basic elements of enterprise development and the foundation of team and enterprise success. Xuzhou Meichi always advocates: team members do not separate their work, help each other, support each other, unite and cooperate, and work hard for the same goal; In the face of problems and difficulties, all teams do not shirk, dare to take responsibility, dare to tackle key problems, cooperate with each other, and work together with Qi Xin to make suggestions for solving problems.
striving for excellence
Since its establishment, Xuzhou Meichi has been demanding itself with the spirit of pursuing Excellence. Pursuing Excellence means pursuing perfection, giving full play to the enterprising spirit of Xuzhou Meichi people, not satisfied with the status quo, actively participating in and striving for perfection, constantly improving working conditions, product quality, customer satisfaction, work efficiency and society, creating our first-class products and realizing a win-win situation for society, shareholders, enterprises and employees.
Arvinmeritor released the annual performance report for fiscal year 20 10.
Summary of fiscal year 20 10:
The annual sales reached US$ 3.6 billion, a year-on-year increase of 65,438+07%.
The net income was $6543.8+$200 million, and the net loss in fiscal year 2009 was $6543.8+$200 million.
After adjustment, EBITDA was $248 million, compared with $654.38 million+$75 million in fiscal year 2009.
The free cash flow was $6543.8+$22 million, and the cash flow in fiscal year 2009 was $429 million.
As of 20 10, 12 and 13 (China time), the company's share price is 20. 10.
Goals achieved in fiscal year 20 10:
Implement strict cost control management to improve operational efficiency.
The business strategy of fully turning to the global commercial vehicle and industrial vehicle market.
Fully prepare for the recovery of the global market.
Committed to innovation-accelerating the research and development and application of new products and advanced energy-saving technologies.
Maintain sustainable profit growth.
China: Approved to invest US$ 26 million to establish an advanced technology center and manufacturing base in Nanjing and expand the production capacity of Xuzhou Meichi.
Continuously strengthen asset and liability management.
Chip McClure, Chairman, CEO and President, said, "This year, we successfully launched new products such as 14X series drive axle and high-mobility independent suspension system, and signed new cooperation agreements with global customers, which effectively met the business growth needs and achieved profitable growth. At the same time, our strong cooperation with joint ventures including emerging markets is surprising. "
20 1 1 year development priorities:
With advanced power transmission performance, maneuverability, braking performance and perfect after-sales plan, the company will continue to pay attention to the following five aspects:
Achieve EBITDA profit target and maintain good cash flow momentum.
Successfully respond to the global market recovery
Continuous innovation-accelerate the development and application of new products and advanced energy-saving technologies.
Pay attention to sustainable profit growth
Continuously strengthen asset and liability management.