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Interpreting Volkswagen's 2018 Financial Report
On March 12, 2019, the Volkswagen Group officially released its 2018 financial report. Globally, Volkswagen delivered a total of 10.83 million new vehicles, representing a year-on-year increase of 0.9%. The Volkswagen Group’s operating profit reached €13.92 billion (approximately $15.8 billion), up 0.7% from the previous year. In 2018, Audi’s global sales totaled 1.813 million vehicles, a decrease of 3.5% compared to the 1.878 million vehicles sold in 2017. China was Audi’s largest single market, with sales reaching 663,000 vehicles—a year-on-year increase of 10.9%, accounting for 35% of total sales. For Porsche, 20...
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Happy company, happy employees
People are the key to leading a company to success and the core factor determining its rise and fall. As a domestic manufacturer of triangular warning signs, reflective vests, retroreflectors, and tail light skirts, Ningbo Yongjia Auto Parts Co., Ltd. has always adhered to the mission of “continuous innovation, customer satisfaction, and employee happiness.” Yongjia believes that employees’ sense of job happiness is the foundation for continuous innovation and customer satisfaction—and the driving force behind the company’s forward development. So how can we enable employees to work happily? Yongjia holds that putting people first and respecting employees is the very basis of employee happiness. Whether employees can work happily within the company depends on their “sense of accomplishment” and “sense of growth,” as well as...
Silently nourishing, subtly entering the heart.
Birthday benefits
Improving quality starts with awareness.
Quality begins with thought.
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Yongjia’s Heartwarming Journey, Dedicated to Women’s Day
May happiness chase away your worries, and warmth follow closely behind as we stride into the vibrant spring of March. With flowers in full bloom and beauty ever-lasting, we welcome the Women’s Day—a special occasion dedicated to all women—under the gentle caress of the spring breeze. The company’s thriving performance is inseparable from the diligent efforts of our many female colleagues. On this special day, to allow our female employees to fully savor the happiness and joy of being women and to let them feel Ningbo Yongjia’s care and affection for its staff, the company has organized a festive dinner gathering for all administrative personnel to celebrate International Women’s Day together. Usually, our female colleagues are busy juggling work and family responsibilities, but today they can finally put aside their burdens for a while and enjoy delicious food together. During the banquet, everyone savored a variety of uniquely crafted delicacies, indulging themselves to the fullest.
We will continue to work together to ensure product quality and supply chain stability.
In 2019, we will embrace innovation and keep pace with the times, pursuing our dream with craftsmanship and leading the future. Together, we will strive to realize Yongjia’s century-long brand vision—remaining steadfast, staying true to our original aspirations, and forging ahead with courage. We will seize opportunities by adapting to changing circumstances and accelerating our development; and never be complacent in the face of achievements, constantly striving for greater excellence. Yongjia is eager to move forward alongside you, working together with determination and vigor. We are committed to providing OEMs (customers) with the highest-quality products, the most competitive prices, and the most satisfying service. To this end, we will undertake the following initiatives: 01—Strengthen our internal capabilities and place standardized management at the very heart of our corporate development. In our business practices, we consistently regard standardized management as the cornerstone of high-quality products, excellent operations, and superior performance.
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Hand in hand, creating the future together—2019 Yongjia New Year Gala and Annual Meeting
At noon on January 31, Yongjia held its 2019 Spring Festival Gala, themed “Hand in Hand, Creating the Future Together,” to express gratitude to employees for their hard work and dedication throughout the past year. Speech by Leadership 01: Yu Ying, Chairperson and General Manager of the company, delivered a heartfelt thank-you speech. First, Ms. Yu extended sincere wishes on behalf of the company to all employees, thanking them for their contributions to Yongjia’s development in 2018. She also expressed her hope that employees would continue to join forces and work together in 2019 to create an even brighter future. Cultural Performance 02: On stage, singers and dancers performed with joy; below, glasses clinked in celebration. In the spacious and brightly lit banquet hall, laughter and applause never ceased.
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In 2019, automakers' goals
The rapid growth of China’s automotive market has given rise to Chinese domestic brands such as Geely and BYD. However, 2018 marked a cold winter for the automotive industry, as the sector experienced its first decline in 28 years. Competition among automakers will only intensify—especially with policy factors such as the opening up of joint-venture equity ratios and reductions in tariffs—making competition in China’s automotive market even fiercer in the future. For the entire automotive market, 2019 will be a year of life-or-death significance. How to grab a larger share of the increasingly competitive market will be a question that all automakers must ponder. As a result, many automakers have already set their sights on 2019 early on.