According to the news, on the 21st, China National Heavy Truck Group Co., Ltd. issued an announcement that the company plans to issue the 2012 first-term short-term financing bills. Its prospectus disclosed the company’s “12th Five-Year Plan†target, and during the “Twelfth Five-Year Plan†period, the heavy truck production capacity reached 400,000. Vehicles, light trucks reached 400,000, and 20,000 passenger cars, sales revenue reached 200 billion yuan.
According to reports, currently, CNHTC has built four major vehicle production bases, Jinan Industrial Park, Zhangqiu Industrial Park, Changqing Industrial Park, and Jining Industrial Park, forming a comprehensive push for the production of trucks, commercial vehicles, special vehicles, military vehicles, and passenger cars. It has two major engine production bases in Hangzhou and Jinan, and two transmission production bases in Jinan and Datong. It also built the largest axle production base in Asia in Jinan Hi-tech Development Zone at the beginning of 2009; and formed the China National Heavy Duty Truck Group Qingdao Heavy Industry Co., Ltd. Co., Ltd., CNHTC Jinan Special Purpose Vehicle Company, Taian Wuyue Special Purpose Vehicle Company, Liuzhou Yunli Company and Hubei Warwick Special Purpose Vehicle Co., Ltd. are the main production bases for modified vehicles. The company has an annual capacity of 300,000 vehicles of various types, and will continue to enrich product lines, expand production capacity, have a complete industrial chain in the automotive manufacturing sector, can cover engine manufacturing, transmission, transmission, axle, chassis integration Manufacture of automobile, vehicle manufacturing, automobile inspection, design, and all other automotive manufacturing processes have now formed a product system that focuses on heavy-duty trucks, specialty vehicles, specialty vehicles, passenger cars, and medium-sized, light-weight, and mini trucks.
In 2011, CNHTC Group produced 150.17 million vehicles and sold 151,100 vehicles. Among them, 134,800 heavy-duty vehicles were produced, and 138,600 were heavy-duty vehicles with more than 14 tons sold. Ranked in the top, ranking third in domestic sales. China National Heavy Duty Truck Group exported a total of 22,200 complete vehicles in 2011, generating foreign exchange of USD 679 million. Export sales volume maintained the top position in the domestic heavy truck industry for six consecutive years.
The prospectus disclosed the company’s future development strategy, namely, the development of light vehicles and construction machinery on the basis of maintaining and consolidating the leading position of domestic heavy trucks, forming new industrial clusters and growth points; product technology reaching the world’s advanced level and promoting Sinotruk’s During the "Twelfth Five-Year Plan" period, a new level was reached.
The prospectus also disclosed the Group’s specific production and operation goals: During the “Twelfth Five-Year Plan†period, the capacity of heavy trucks will reach 400,000, light trucks will reach 400,000, and passenger cars will be 20,000. Sales revenue will reach 200 billion yuan. The goal plan is achieved in three steps.
The first stage: By the beginning of 2012, CNHTC Group will implement high standards for the introduction, digestion, absorption, and re-innovation of the “Man†project; it will substantially increase the quality level of existing products and create a clear quality competitive advantage in China. China's heavy truck brand, commercial vehicle first-class brand; expanding industrial layout, obvious advantages of heavy trucks, forming an advantage framework; financial, real estate sector into standard and healthy operation, achieve healthy development.
The second stage: From early 2012 to the first quarter of 2013, the products cooperating with German Man Company have a good impact on international and domestic users, and the whole vehicle, key assembly and parts and components have reached the international advanced standards; the heavy truck market pattern has obvious optimization trend. The growth effects of medium, light, passenger, special and construction machinery are outstanding; the financial and real estate sectors have significantly increased their contribution to the development of the group companies.
Phase III: From 2013 to the end of the “Twelfth Five-Year Planâ€, an enterprise group building a production capacity of one million commercial vehicles will strive to achieve an annual sales income of RMB 200 billion; the quality of heavy trucks will reach the world's advanced level, and other products will be striving for innovation. The domestic first-class level; the formation of a new pattern of heavy-duty truck industry, medium-, light-, passenger-, and full-line commercial vehicles, and large-scale mining vehicles and construction machinery, turning China National Heavy Duty Truck into an internationally renowned and domestic irreplaceable large-scale commercial vehicle company. group.
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