China Yuchai International Ltd
NYSE:CYD

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China Yuchai International Ltd Logo
China Yuchai International Ltd
NYSE:CYD
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Price: 35.5383 USD -1.23%
Market Cap: 1.3B USD

China Yuchai International Ltd
Investor Relations

China Yuchai International Ltd. is a holding company, which engages in engine manufacturing, and hospitality operations and property development business through its subsidiaries. The firm operates through two segments: Guangxi Yuchai Machinery Company Limited (Yuchai) and HL Global Enterprises Limited (HLGE). Its Yuchai segment is engaged in the manufacture, assembly and sale of a variety of light, medium and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. Yuchai also produces engines for diesel power generators. The engines produced by Yuchai range from diesel to natural gas to hybrid engines. Yuchai’s products range from 1.4L to 105.6L over 10 engine platforms with a power range from 80kW to 2,650kW. The HLGE segment is engaged in hospitality and property development activities conducted mainly in China and Malaysia. HLGE operates the Copthorne Hotel Cameron Highlands, a hotel in Cameron Highlands, Malaysia. The firm also has an investment in Thakral Corporation Ltd (TCL).

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 10, 2023
AI Summary
Q2 2023

Revenue Growth: Revenue rose 7% year-over-year to RMB9.2 billion, driven by higher sales of larger engines despite a decline in total engine units sold.

Margin Expansion: Gross profit grew 14.1% and gross margin improved to 16.9%, supported by product mix and cost control.

Profitability: Operating profit increased by 34.6%, and net profit attributable to equity holders nearly doubled to RMB178.4 million.

R&D Focus: Strong commitment to R&D continues, with RMB465.2 million spent (5.1% of revenue), including investments in new energy and hybrid engines.

Balance Sheet: Cash and bank balances were robust at RMB5.6 billion, with a declared cash dividend for 2022.

Market Dynamics: Commercial vehicle market improved, but company engine unit sales declined due to weakness in trucks and agriculture, offset by gains in bus, marine, and industrial sectors.

Strategic Moves: Corporate restructuring efforts and new subsidiaries target marine, power generation, cloud-based controls, and new energy technologies.

Key Financials
Revenue
RMB9.2 billion
Gross Profit
RMB1.6 billion
Gross Margin
16.9%
Operating Profit
RMB387.7 million
Operating Margin
4.2%
Net Profit Attributable to Equity Holders
RMB178.4 million
Basic and Diluted Earnings Per Share
RMB4.37
Total Engine Units Sold
165,793 units
R&D Expenditures
RMB465.2 million
R&D as Percentage of Revenue
5.1%
SG&A Expenses
RMB894.5 million
SG&A as Percentage of Revenue
9.8%
Cash and Bank Balances
RMB5.6 billion
Dividend per Ordinary Share
RMB0.028
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Weng Ming Hoh CPA
President & Director
No Bio Available
Mr. Tak Chuen Lai
Chief Business Controller & GM of Operations
No Bio Available
Ms. Hui Boon Tay
Financial Controller
No Bio Available
Mr. Choon Sen Loo
Chief Financial Officer
No Bio Available
Ms. Xiaohong Qin
Chief Accountant
No Bio Available
Kevin Theiss
Head of Investor Relations
No Bio Available
Mr. Hung Liu
Assistant Vice President of International Sales
No Bio Available

Contacts

Address
16 Raffles Quay, #26-00 Hong Leong Building
Contacts
+116563226220.0
www.cyilimited.com