The hottest Yutong Company reorganizes Zhenggong m

Yutong company restructured "Zhenggong machinery"

Guide: People's Zhengzhou, October 19, Dai Peng reported: at 10 a.m. yesterday, the colorful flags and drum music of the former Zhengzhou Zhenggong Machinery Group Co., Ltd. were flying in the hospital. The unveiling ceremony of Zhengzhou Yutong Heavy Industry Co., Ltd. established by Yutong Bus and Zhenggong machinery was held here. So far, the leader of domestic passenger cars

People's Zhengzhou, October 19, Dai Peng reported: at 10 a.m. yesterday, the colored flags of the former Zhengzhou Zhenggong Machinery Group Co., Ltd. were flying and drum music was playing. The unveiling ceremony of "Zhengzhou Yutong Heavy Industry Co., Ltd." established by Yutong Bus and Zhenggong machinery was held here. So far, the reorganization between Yutong Company, the leading enterprise of domestic passenger cars, and Zhenggong group, which once ranked first in the domestic construction machinery industry, was announced to be completed

Zhenggong Technology Co., Ltd., the predecessor of Yutong heavy industry, was mainly initiated and established by Zhenggong Machinery Group Co., Ltd. in November 2001. Zhenggong group, founded in 1958, is a large state-owned enterprise group designated by the state to produce military and civil construction machinery. It has written a brilliant chapter in the history of China's construction machinery. However, in the process of transforming the planned economy to the market economy of plastic tensile machine and rubber tensile machine, Zheng Gong has been lagging behind from the first position in the industry due to heavy burden, inactive mechanism, financial difficulties and many other reasons. At the beginning of this year, a series of national and provincial policies and regulations on "the withdrawal of all state-owned assets at the end of 2004 and the replacement of employees' identities as if the temperature rose very slowly" were successively issued. The Zhengzhou municipal Party committee and the municipal government, in combination with the actual situation of Zhenggong group, weighed and carefully organized, and decided to reorganize Zhenggong from Yutong group, which has strong strength and has always been interested in getting involved in the construction machinery industry, And established a restructuring plan of "overall restructuring and step-by-step implementation"

from June 19, Yutong took charge of Zheng Gong to yesterday's listing, it completed a lot of hard and meticulous work such as asset evaluation, audit, full withdrawal of state-owned assets, employee identity replacement, and completely introduced Yutong mode in sales, finance, human resources, quality management, etc. The registered capital of the new company after restructuring is 63million yuan, which is jointly sponsored by seven companies, of which Yutong group accounts for 72.98% of the equity, Zhongyuan trust accounts for 20%, Xi'an Jiaotong University accounts for 3.1%, Huda assets accounts for 2.06%, Guoke new shares account for 1.03%, and Qinghai Plateau technology accounts for 0.83%. Yutong heavy industry will operate independently in full accordance with Yutong's philosophy and mechanism, become a part of Yutong's industry, and incorporate it into Yutong's enterprise management system to realize resource sharing, and uniformly use Yutong's trademark for products

Yutong group's development goals for Yutong heavy industry are: focus on construction machinery, timely increase special vehicle products, and strive to become one of the top three in the industry within three to five years by continuously improving enterprise management ability and product competitiveness. The production and sales volume will reach 5000 to 8000 units, the sales revenue will reach more than 1.2 billion yuan, and the profit and tax will reach 100million yuan, It has become a key industrial enterprise in Zhengzhou and a well-known brand in the domestic construction machinery industry

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