China Industrial News | Staying true to our original aspiration and following the Party, Weichai is striving to reach 200 billion.
Release time:
2017-11-17
Recently, I joined the "Industrial Enterprises Celebrate the 19th National Congress" research team organized by the China Federation of Industrial Economics and visited Weichai. Upon entering the spacious and bright No. 1 and No. 2 factories of Weichai Group, I noticed that many employees were wearing party or youth league badges on their chests, busily assembling various engine components with the assistance of intelligent robots on the production line. The accompanying staff introduced that in the first three quarters of this year, Weichai achieved a consolidated operating income of 162.9 billion yuan, a year-on-year increase of 83%, setting a historical record and is expected to achieve the revenue target of 200 billion yuan three years ahead of schedule. This remarkable achievement is attributed to Weichai since 19...
Recently, the author joined the research team organized by the China Industrial Economic Federation to visit Weichai. Upon entering the spacious and bright No. 1 and No. 2 factories of Weichai Group, I saw many employees wearing party badges or youth league badges, busily assembling various engine components with the assistance of intelligent robots on the production line.
According to accompanying staff, in the first three quarters of this year, Weichai achieved a consolidated operating income of 162.9 billion yuan, a year-on-year increase of 83%, setting a new historical record and is expected to achieve the revenue target of 200 billion yuan three years ahead of schedule.
The achievement of this remarkable result is closely related to Weichai's consistent alignment with the party since the implementation of the "three-three system" reform in 1998. Wang Yong, deputy secretary of the Weichai Group Party Committee and secretary of the Discipline Inspection Commission, stated that the modern enterprise system reform implemented in 1998, as well as recent initiatives such as technology innovation-driven development and the establishment of sites along the "Belt and Road" initiative, are highly aligned with the development direction advocated by the party in recent years.
Paying tribute to the party on the production line
Entering Weichai Group's No. 1 and No. 2 factories, workers are busy on the intelligent production lines. Everyone is using their practical actions, high-end products, and quality services to pay tribute to the party.
During the recent National Day and Mid-Autumn Festival "double festival" period, all production lines at Weichai were operating at full capacity. I learned that Weichai is sprinting towards the 200 billion revenue target, paying tribute to the party with actual work results.
In the workshop of the No. 2 factory, Wang Yuejun, deputy director of the Weichai Party Committee's Propaganda Department, told me that Weichai Group has established demonstration posts for party members and created party member identity cards, allowing every party member to play a leading role in their work and express their firm determination to love the party, protect the party, and follow the party forever through practical actions.
Not only in the workshop, but wherever Weichai Group develops, the party organization is established. In a video played on the large screen at Weichai's global operations center, Hu Haihua, general manager of the China-Belarus (MAZ) cooperation project, stated in a media interview that the country's "Belt and Road" initiative has provided more development opportunities for enterprises. Hu Haihua said: "We are far from our motherland, but we pay attention to it every day. Here, our team must strive for first-class performance to bring glory to Weichai and pay tribute to the 19th National Congress of the Party!"
Currently, Weichai's overseas business accounts for more than 40%, with strategic operations covering the globe. In response, the company has established an overseas marketing party committee and set up six overseas party branches in Germany, Lind, Weichai North America, France, Baudouin, and Italy, Faraday.
Stay true to the original aspiration and follow the party
In fact, Weichai's 71-year history of ups and downs is a history of entrepreneurship under the leadership of the party, and it is also a history of staying true to the original aspiration and following the party.
In 1946, Weichai in Weihai was a military enterprise under the leadership of the Communist Party of China! In 1948, the factory moved to Fangzi, Weixian, and the products produced once had a market share of 80% in near-sea fishing and inland shipping! However, with the arrival of the reform and opening-up tide, Weichai, like most state-owned enterprises at the time, was on the brink of bankruptcy. According to statistics, from 1996 to 1998, Weichai owed interest, taxes, and fees amounting to 300 million yuan, and employees went six months without pay, bringing the enterprise to the brink of bankruptcy. In 1998, Tan Xuguang was appointed in a critical moment and encouraged everyone at the Weichai conference: as long as confidence does not die, Weichai will not be eliminated!
Immediately afterward, Tan Xuguang proposed "three rules" for enterprise leaders, and the enterprise implemented the "three-three system" reform. After six years, Weichai rose against the trend and achieved sales revenue exceeding 10 billion yuan in 2004!
Only by going through that history can we understand that the difficulties faced by Weichai were almost the same as those encountered by all old state-owned enterprises at that time. The "three rules" proposed by Tan Xuguang fully played the important role of the party, especially the three keywords "dare to manage, practical work, and integrity" are highly consistent with the party's requirements. Later, the "three rules" received full recognition from the Central Commission for Discipline Inspection, the Publicity Department of the Central Committee, and the State-owned Assets Supervision and Administration Commission, and were promoted as a typical case nationwide.
In recent years, the state has introduced "Made in China 2025," which mainly focuses on intelligent manufacturing and vigorously develops emerging industries such as new generation information technology and high-end equipment manufacturing.
In the first batch of intelligent manufacturing pilot demonstration projects announced by the Ministry of Industry and Information Technology, Weichai Power also became the first enterprise in the internal combustion engine industry to be shortlisted. In Tan Xuguang's words, Weichai's rapid development in recent years is attributed to transformation and upgrading, and the future path is also nurtured in new transformation and upgrading.
Understanding Weichai's history makes it clear that Weichai has seized the opportunities of China's recent reform tide and the great development of China's equipment manufacturing industry. Whether it is enterprise structural adjustment, product innovation, or going out along the Belt and Road, implementing overseas mergers and acquisitions, Weichai has always adhered to the party's leadership over state-owned enterprises and has always maintained a high degree of consistency with the Party Central Committee, which has become the fundamental reason for Weichai's rapid development.
Stepping into a new journey
During the 19th National Congress of the Party, Weichai Group held a mobilization meeting at its headquarters titled "Implementing New Theories and Stepping into New Journeys—Weichai Group Pays Tribute to the 19th National Congress and Sprints Towards 200 Billion."
Tan Xuguang said at the meeting that General Secretary Xi Jinping proposed a system of thought including new era, new theory, new goals, and new journeys in the report, which is a comprehensive, strategic, and forward-looking action program guiding future development. In particular, it proposed deepening supply-side structural reforms, accelerating the construction of a manufacturing powerhouse, and accelerating the development of advanced manufacturing, which points the way for Weichai to enter a new era and embark on a new journey.
Tan Xuguang called on all Weichai cadres and employees at the meeting to resolutely implement the spirit of the 19th National Congress, seize opportunities, continue to work hard, and strive to sprint towards the 200 billion target, surpass the world's top 500, and create new development brilliance, striving to become an international strong enterprise in the new journey of building a modern socialist country.
2017 was a year of accumulation and leapfrog development for Weichai Group. In the first three quarters, the group achieved a consolidated operating income of 162.9 billion yuan, a year-on-year increase of 83%, setting a new historical record. Currently, Weichai has formed a strategic pattern of coordinated development with complete vehicles and complete machines as the leading sectors and power systems as the core, becoming a globally leading, core technology-holding, and sustainable international industrial equipment enterprise group.
Undoubtedly, today's Weichai is not only Weichai of Weifang and Shandong, but also Weichai of China and the world. Having completed its global industrial layout, Weichai has established a strategic pattern of coordinated development across six business sectors: automotive business, construction machinery, power systems, intelligent logistics, luxury yachts, and financial services.
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