In 2008, despite the global economic crisis and the unfavorable situation of the domestic heavy truck market as a whole, Shaanxi Fast Group's production and operations still achieved relatively good and rapid growth. The company's total sales revenue for the year reached 6.592 billion yuan, 467,500 sets of heavy-duty transmissions were produced and sold, an increase of 9.08% and 8.68% over the same period of the previous year, and all operating indicators hit a record high and continued to maintain industry leading advantages.
Since the second half of 2008, the Fast Group has withstood the test of the country’s second-shifting country and the sharp decline of the domestic and foreign markets. The multi-speed, high-speed transmission new products have effectively met the development needs of the national triple-card market, 12 Transmission, 16-speed and other series of new products quickly seize the market commanding height. At the same time, the company introduced new products for the 10-speed transmission in a timely manner to users from the perspective of applicable economics. Multi-gear transmission new products have won the trust of OEMs and users with optimized configuration and cost-effectiveness, and achieved excellent results with annual sales of 12-speed and 16-speed transmissions exceeding 50,000 units.
Facing the new changes in the market situation, Fast Group has made full use of the time difference formed by market adjustments, turned pressure into motivation, turned challenges into opportunities, steadily promoted development, and carried out in-depth rectification, improvement, and improvement activities. At the same time, the company gave full play to its advantages in products, technology, innovation and capital flow, continuously accelerating the pace of technological innovation and product structure adjustment, and achieved fruitful results in the development of new products. The small 8-speed and small 8-speed transmission products were mass produced. The 6DS series transmission technology has made great breakthroughs. The product light weight test has been a complete success. The new synchronizer has achieved remarkable results. The 10-speed transmission completes the full range of development, and the plate-type light shifting mechanism is rapidly put into use. The company's light trucks, passenger cars and construction machinery, etc. New breakthroughs have been made in the market area, and the production and sales of new products have been increasing year by year. The proportion has increased from 17.66% in 2001 to 65.35% in 2008.
In the rapid development of eight consecutive years, Fast has achieved production and sales revenues of more than 6 billion yuan, transmission production capacity of more than 500,000 units, and market holdings of more than one million units. At the same time, the company also has many advantages such as good financial status, good product structure, and good basic level, which provides a strong guarantee for companies to overcome the crisis and achieve sustained, stable and healthy development.
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