The world’s largest independent diesel engine manufacturer, Guangxi Yuchai Machinery Group Chairman Yu Ping, said in an interview on the 10th that Yuchai Group intends to spin off its construction machinery business and conduct an initial public offering (IPO). The plan includes A shares or H shares. share. He also said that subject to the current domestic and foreign stock market conditions, the recent stage is not yet the right time for its IPO. Fuping revealed that as orders for the diesel engine business soared in the first two months, the company received orders of up to 65,000 units in February, setting a record high. The actual production volume of the company in the first two months far exceeds the design goal. It is estimated that the sales of the company can still maintain about 10% growth this year. He said that the group will invest 25 billion yuan in technological transformation and expansion in the next five years, and investment in technical reform that was originally scheduled to exceed 3 billion yuan this year will not decrease. Yuchai Machinery Group Co., Ltd., a subsidiary of the Yuchai Group, was listed in the US in 1994 through Yuchai International (CYD). However, 15 years after its listing, Yuchai International has not been able to raise capital in the capital market. The core business of Yuchai Group includes six major segments including diesel engines, construction machinery, logistics and electromechanics, auto parts, automotive chemicals, and special-purpose vehicles. It has an annual sales capacity of 600,000 diesel engines of various models and 10,000 small and medium-sized construction machinery. In 2008, Yuchai realized sales revenue of 20.8 billion yuan, and its diesel engines accounted for half of the domestic high-end diesel engines. Return Oil Filter,Oil Return Filter,Oil Filter For Return Line,Return Line Oil Filter HUAIAN YATAI HYDRAULIC MACHINERY CO., LTD , https://www.yataihydraulic.com