Zhengzhou yutong Heavy Industry Co., Ltd. (hereinafter referred to as "Yutong Heavy Industry") is the core enterprise of Yutong Group, a large-scale military and civil engineering machinery and special-purpose automobile products in China, and a professional manufacturing enterprise integrating scientific research and development, manufacturing, sales and service. The company is located in Zhengzhou City, Henan Province, covering an area of 465,000 square meters, with about 3,000 employees, including more than 420 engineers and technicians. Academician workstations and provincial enterprise technology centers have been established, which have strong technical innovation and new product research and development capabilities.
Yutong Heavy Industry has formed more than 60 kinds of products in 7 categories, including scraper machinery, environmental protection machinery, piling machinery, special vehicles, engineering hoisting machinery, concrete machinery and military engineering machinery, and its business areas cover roads, railways, water conservancy, construction, coal mines, petroleum and municipal systems. New businesses represented by environmental protection equipment, construction cranes and mining dump trucks have successfully entered the market and achieved the expected market share, among which the market share of rotary drilling rigs ranks second in the country, and the market share of complete sets of environmental protection equipment, long spiral drilling rigs and impact compactors in landfills ranks first in the country. The sales of high-tech products represented by multifunctional rotary drilling rigs and new generation loaders have risen sharply in overseas markets, becoming a new bright spot.
Yutong Heavy Industry, as a professional manufacturer of construction machinery in China People's Liberation Army Engineering Corps, has made outstanding contributions to national defense for half a century. It has equipped the troops with thousands of high-speed bulldozers and high-speed loaders, and won high praise from the military for its excellent quality.
Yutong Heavy Industry adheres to 50 years of military technology and experience accumulation, follows the brand concept of "always diligent and trustworthy", accelerates management transformation, optimizes product structure and workforce construction, rapidly expands overseas markets, and continuously improves comprehensive strength, laying a solid foundation for the company to achieve rapid development.
Since the enterprise restructuring in 2003, Yutong Heavy Industry's sales revenue has maintained a compound growth rate of more than 30% for six consecutive years. In 2009, under the severe influence of the international financial crisis, Yutong Heavy Industry's sales revenue increased by 35% compared with 2008, much higher than the same period of the industry.
Yutong Heavy Industry is concentrating on establishing a dominant position in the characteristic market segment of the construction machinery industry, striving to build the enterprise into a healthy and distinctive construction machinery manufacturing enterprise in China in 3-5 years, and at the same time enter the first camp of the industry.