Since the beginning of 2011, in response to the new changes in the market situation, Fast Group has made full use of the market adjustment period, focusing on product innovation, scientific improvement, improving efficiency, reducing costs, and doing a good job in various basic management tasks. Rectification and upgrading, while constantly accelerating the pace of product structure adjustment and optimization upgrade.
In the first five months of 2011, the company’s total sales revenue was 5.93 billion yuan, sales of automotive transmissions were 3,950,98 units, and foreign exchange earned through exports was US$11.208 million. All business indicators exceeded the same period of last year and continued to maintain steady growth. Among them, only in May sales revenue of more than one billion yuan, production and sales of automotive transmission more than 62,000 units; foreign exchange earned $ 4.0314 million, an increase of 198.67%.
On the basis of consolidating the heavy-duty truck market, Fast has kept a close eye on market hotspots and strived to develop individualized “bright spots†products to realize multi-field development of multi-markets such as buses, medium trucks, engineering vehicles and low-speed trucks, and in light Quantitative, multi-block, automation, and green, low-carbon, energy-saving and environmentally-friendly products have achieved fruitful results in technological innovation. Fast 12-gear transmission new products independently developed by Fast and the new AMT and AT automatic transmission products quickly seized the market commanding height, and has become a new bright spot to promote business growth.
Fast Group seized the time difference between the domestic and foreign markets and seized the opportunity brought by the stable recovery of foreign markets such as Europe and actively expanded exports. At present, a series of lightweight, multi-blocked, and automated new products developed by enterprises have formed a competitive advantage in scale development.
Shaanxi Fast Automotive Transmission Group Co., Ltd. is a wholly transformed company from Shaanxi Automobile Gear General Factory with a registered capital of 500 million yuan and total assets of 3 billion yuan. It owns Shaanxi Fast Gear Co., Ltd. and Xi'an Fast Motor Co., Ltd. Co., Ltd., Baoji Fast Gear Co., Ltd., Baoji Fast Casting Co., Ltd., Xi'an Fast Pto Co., Ltd., and American Fast Distribution Co. It is a large-scale specialized production base for the production of heavy-duty automotive transmissions, splitters, power take-offs and various automotive gears and forgings.
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