On August 14, 2012, Yunnei announced its semi-annual report. During the reporting period, the company realized operating income of 1.161 billion yuan, a year-on-year increase of 0.25%; net profit attributable to shareholders of listed companies was RMB 42,229,800, an increase of 70.89% year-on-year. With the overall decline in domestic auto industry and engine industry sales, the company's engine product sales have achieved an adverse market growth, and its engine market share has increased from 6.09% in 2011 to 6.72%. Yang Bo, chairman of Yunnei Power, said that this achievement has become more inseparable with the company’s senior management team than ever before. Yang Bo said that the key to doing a good job is to grasp the market. Although the positioning of the company is an independent engine company, it must work closely with auto OEMs to further get closer to the market and do a good job supporting services. Yang Bo said that in terms of product structure adjustment, the company has further improved and upgraded the performance of traditional commercial diesel engines, and implemented extensions to Shangchai's products. On the other hand, the company develops natural gas engines based on traditional products. The industry expects that natural gas engines will show great market potential in the field of fixed power and vehicle power. In recent years, new products of D-series diesel engines developed by Yunnei Dynamics have been well-received in foreign markets through cooperation with SAIC Motor. Yang Bo revealed that the company's D16 is talking with domestic car manufacturers, and the products have reached the advanced level of the European Five World. The company is also developing diesel-electric hybrid diesel engines to meet the market demand of urban buses and logistics light trucks. The products have already started trials. It is understood that the proportion of diesel vehicles currently used in European Union countries is generally more than 50%, and this proportion in China is only 0.5%. Yang Bo told the China Securities Journal that in the future, the country is expected to introduce policies to support the development of diesel passenger vehicles in order to promote energy-saving emission reduction, so the future market potential in this area is huge. The company's D-Series diesel engines save 30% more fuel than gasoline engines of the same displacement, reduce CO2 emissions by 30%, and achieve particulate emissions equivalent to those of gasoline engines, laying the company's future advantages in market competition in this area.
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