The spread of the financial crisis has caused the Chinese auto market in 2008 to fall sharply from the first half of production and sales to the cold winter of the second half of the year, which also affected Yunnei Power, the largest supplier of independent light commercial vehicle engines in the country. According to the 2008 annual report released by Yunnei Power today, the operating income for the reporting period was 1.792 billion yuan, a drop of 8% from the previous year; the total profit was 140 million yuan, a decrease of 39% over the previous year; and the net profit was 136 million yuan. Declined 33% in the previous year.
Yunnei Dynamics stated that the company’s performance in the reporting period was mainly due to the 2008 snow and ice disasters and the “5.12†earthquake that caused certain impact on the company’s parts procurement and product transportation; the auto industry’s sharp decline in production and sales in the second half of the year and market competition Intensified. Despite the unfavorable external environment, Yunnei Power always adheres to the promotion of new product construction, realizes the sales of Zhangchai and Guomin III products, accelerates the development of the “State III†diesel engine and matching calibration work, and realizes product support; and accelerates the market for D16/D19 new products. Chemicals, localization of parts and components, and calibration and calibration work. In addition, passenger cars loaded with Yunnei D19TCI passenger car diesel engines have been put into mass production on the market.
According to industry sources, with the increase in production and sales of automobile manufacturers in 2009, engine companies in the upper reaches of the industry will obviously benefit, especially Yunnei's power engines are mainly used in light trucks, micro cards, etc. These models are expected to maintain high growth. The reporter also learned from the company that in the first two months of 2009, Yunnei’s production arrangements were basically saturated, and this saturation status is expected to be maintained in the first half of the year; in addition, the company’s new product business is running well and is expected to achieve a better performance this year. Significant growth.
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