Kicking off the new year by closely aligning with market demands and prioritizing technological innovation, Yuchai has ramped up efforts across order acquisition, new product rollouts and overseas expansion. The company delivered a robust development momentum in the first quarter, laying a solid groundwork for achieving its annual targets.
Order volume hit a new high, with key clients continuing to increase their commitments. In the construction machinery segment, the total number of orders received so far has exceeded 50,000 units. Among these, orders for the heavy-duty mining power YCK16 Mengqing engine surpassed 2,000 units. The share of large-tonnage, high-value-added products continues to climb, driving greater penetration in the high-end market.In the agricultural machinery space, supporting orders for rice harvesters and tractors surged 200% year-on-year, demonstrating Yuchai's strong market appeal.
The launch of new products across multiple segments has further fueled sales growth. At the Global Partner Conference held at the beginning of the year, Yuchai unveiled 10 new off-highway power units covering the full power spectrum, all market niches and various fuel types. Custom-developed based on specific application scenarios, these products integrate innovative technologies such as methanol flywheel range extension and hybrid power, injecting fresh impetus into sales growth.
Overseas markets achieved another major breakthrough. The first batch of mining trucks equipped with YCK16 Mengqing power entered the Sumatra mining region in Indonesia. Having operated stably for a month, the vehicles achieved "zero adaptation period" deployment, setting a benchmark for subsequent international market expansion.
Meanwhile, Yuchai's IE-Power 2.0 has undergone a full upgrade in performance and adaptability, maintaining its leading position in the new energy power track for tractors. The YCK09L successfully entered the 220-280 horsepower heavy-duty tractor market, with the first prototype rolling off the production line. The 135-ton crawler excavator equipped with YCK20 boasts significantly improved responsiveness and 20% lower fuel consumption compared to competitors of the same level, effectively advancing the localization process of domestic high-end mining power systems.
Starting with a decisive battle and sprinting from the outset.In the first quarter, Yuchai advanced coordinated progress in order growth, product iteration, technological breakthroughs and overseas deployment within the general machinery power market. With the continuous expansion of market scale and optimization of product structure, Yuchai has provided important support for its high-quality development throughout the year.