Wanxiang Group Record Annual Revenue 30 Billion Yuan
Resource from: cbcc-yinx Likes:2946
Mar 09,2007
Wanxiang Group Record Annual Revenue 30 Billion Yuan
New Year, Great Progress! Local government in the Xiaoshan district, Hangzhou, organized celebrating activity on Feb.25 to present plaques to the most competitive enterprises in their administrative area. With a record high operating margin of 30 billion yuan, Wanxiang Group became their first stop.
On the presenting ceremony, Hong hangyong, secretary of local Party committee, said: “On the first work day after Spring Festival Holidays, it’s our first priority to grant Wanxiang Group this plague, congratulating their substantial achievements made in the passing year.”
In 2002, Wanxiang Group had their operating margin over 10 billion yuan; and two years later the figure surged to 20 billion yuan; and they again recorded a new high of 30 billion yuan in 2006.
“Meanwhile, I ,on behalf of Xiaoshan Party Committee, Government, Xiaoshan People’s Congress and Xiaoshan Committee of the Chinese People's Political Consultative Conference, appreciate Wanxiang for their great efforts in driving local economy.” added Hong. “Our industrial output totaled 250.7 billion yuan last year, 12 percent of which, about 30 billion yuan, were contributed by Wanxiang Group. ”
“This is the third plague we brought to Wanxiang. We are expecting that we can present the 4th, 5th and even more plagues to them; expecting to see Wanxiang Group growing to a big name in the world, bringing more contribution to the economic development of Xiaoshan district.”
In response, Lu guanqiu, president of Wanxiang Group, gave a brief introduction of their development in past and proposed the three most needed things for them to do in 2007:
First, to optimize structure, strengthen their effort in international acquisition. Wanxiang should seize the opportunity created by changes in international industrial structure, building themself a manufacturing company based on concept of China-made and China-developed and with Chinese characteristics. Through rational resources distribution, the advantages in productive cost will be soon displaced.
Second, to let more subsidiaries get listed. It’s a work more than independent accumulation to fulfil the target of 40, 50 or even more billion yuan. Resorting to the public is of great importance. Thus, more Wanxiang subsidiaries should be traded on the stock market this year.
Finally, to win a big name for Wanxiang's universal joint. Having had the No.1 position in world market, universal joint of Wanxiang should win the reputation of world famous product.
(cbcc-yinx)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous CSC Bearing Hold 2006 Roundup Conference
Next Fangyuan Slewing Ring Hold 2006 Roundup & Award Meeting
Next Fangyuan Slewing Ring Hold 2006 Roundup & Award Meeting
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
