Jinan Diesel Engine Co.,Ltd (JDEC), located at the foot of the picturesque Qianfo Mountain in the ¡°Springs City¡± of Jinan, carried out a stock reformation under the leadership of China National Petroleum Corporation (CNPC) in 1996, and was listed in Shenzhen Stock Exchange as ¡°Shiyoujichai¡± in October, 1996. By now, it has 2,100 employees and main production equipment of 1500 units, with a total assets of RMB 700 million, and consists of 9 production branches, 1 subsidiary company and 1 internal combustion engine research institute, with an annual production capacity of 2,500 sets, total power of 2 million kW and an annual sales revenue of nearly RMB 1 billion.
As the only internal combustion engine manufacturing enterprise under CNPC, JDEC always focuses much attention to the development of oil industry, and has won a better reputation for its high quality products and excellent service. The leading product, ¡°Jichai¡± 190 series diesel engines cover a lions¡¯ share in the oil industry of our country. Over 90% oil drill teams are equipped with its diesel engines. It has built up a landmark in the development history of China oil industry.
For recent years, along the development direction of off-highway medium and large power engines and taking ¡°Better, Stronger and Larger¡± as business development strategy, JDEC aims at building up a large engine manufacturing enterprise group of world advanced and domestic top. At the same time, it tries to create the advantages in research and development, manufacturing and multi-application market, as a result that the scale of operation quickly extend. The main business revenue is steadily increased by 20% annually and economic benefits greatly improved. The product market expand fast, from oil to society, from land to sea, from civil to military, from fuel oil to many kinds of gases. Now it has become the largest manufacturer of the off-highway medium and large power engines in China.
