At 9:00 a.m., witnessed by many media, Sinotruk held a commemorative meeting on the fourth anniversary of Sinotruk's restructuring, reform, innovation and development in Quancheng. Tan Xuguang, Secretary of the Party Committee and Chairman of China National Heavy Duty Truck Group, made a concluding speech, sorted out the historical experience of restructuring and reform, and commended advanced units with outstanding contributions.

All the leading cadres of the headquarters of Shandong Heavy Industry Group, the main leading comrades of the subsidiaries in the province, and all the leading cadres of the China National Heavy Duty Truck Headquarters arrived at the scene, 82 branch venues were online simultaneously, and more than 3,000 people attended the meeting.

Reform and innovation, leap to the leader of the heavy truck track

At the meeting, as a leading enterprise in China's heavy-duty vehicle industry, China National Heavy Duty Truck has restructured and innovated for four years, handed over a dazzling transcript, and fulfilled its lofty promise of "becoming China's No. 1 in 3-5 years".

Since the implementation of the restructuring reform in September 2018, SINOTRUK has achieved leaps in various data and has rapidly developed into a leading domestic commercial vehicle company. From 2019 to 2021, the cumulative operating income was 456.2 billion yuan, a year-on-year increase of 56%; the cumulative profit was 21.9 billion yuan, a year-on-year increase of 110%; the vehicle sales volume was 1.16 million, a year-on-year increase of 59% over the previous three years.

Among them, from January to July 2022, SINOTRUK's core product-heavy trucks, achieved double the first place in sales and market share, ranking first in the heavy-duty truck track. According to statistics, before the reorganization of Sinotruk, its heavy-duty truck market share was 16.5%, and it climbed to 23.3% in the first half of this year. Sinotruk's heavy-duty trucks are booming, ranking first in both sales and market share, ranking the highest in the domestic heavy-duty truck industry. , the fastest-growing and most profitable enterprises.

At the same time as the sales increase, Sinotruk relies on the advantages of the whole industry, its sales cover 110 countries and regions around the world, and the Sinotruk brand has been polished globally with competitive products and services. From January to July 2022, Sinotruk's hard-core heavy-duty trucks will go to overseas markets, with a total export value of 48,300 units, a year-on-year increase of 46% and a record high.

Chairman Tan Xuguang called Sinotruk's four-year reform and development "the second entrepreneurship". When talking about the source of living water for the realization of the historic leap, he summarized it as "reform breakthrough" and "innovative transformation".

Through the implementation of reform measures such as the "three-energy" mechanism, separation of main and auxiliary, cost reduction and efficiency enhancement, the company specializes in the main business, introduces vitality, and cultivates fertile soil for the development of the enterprise. On this basis, SINOTRUK focuses on talent training and scientific and technological research and development to install a new engine for development. Since the reorganization in 2018, Sinotruk has recruited and attracted talents, and the number of R&D talents has increased from 1,102 to 3,561. The net increase of R&D investment is 2.4 billion, and the cumulative amount in four years has reached more than 10 billion, exceeding the sum of the investment in the previous ten years. As a result, Sinotruk has taken root in Qilu and has been able to innovate continuously: the technology-leading Yellow River heavy-duty truck, the snow wax car products that help the Winter Olympics, etc. continue to spew out, and the intelligent and efficient Laiwu Green Intelligent Manufacturing Industry City will also contribute to the development of industry technology. Add help.

Without distractions, towards a new journey of a century of heavy trucks

At the meeting, accompanied by passionate music, representatives of 10 Sinotruk advanced units in restructuring, reform, innovation and development wore red ribbons, took the stage to accept the honorary certificate, and took a group photo with Tan Xuguang, secretary of the party committee and chairman.

China National Heavy Duty Truck has gone through more than ten years of reform in the four years of its strong leap. But "when the reform of state-owned enterprises is not completed, they are always on the road." Facing 2030, Tan Xuguang pointed out the "five musts" development goals, insisted on deepening reforms, tackling core technologies, occupying overseas markets, and striving for the corporate development vision of "building a world-class full-series commercial vehicle group".

As an old brand with a history of more than 90 years, Sinotruk has surpassed itself with scientific research and innovation in the restructuring and reform, and has achieved remarkable results. In the future, SINOTRUK will continue to adhere to the innovation of science and technology, give full play to the leading role, lead the development of the industry with hard-core products, and create a new business card on the stage of the global heavy truck industry. Editor/He Yuting