China Yuchai International Limited

China Yuchai International Ltd. is a holding company, which engages in engine manufacturing, and hospitality operations and property development business through its subsidiaries. It operates through the following segments: Yuchai, HL Global Enterprises Limited (HLGE), and Corporate. The Yuchai segment conducts manufacturing and sale of diesel engines which are mainly distributed in the People's Republic of China (PRC) market. The HLGE segment includes hospitality and property development activities conducted mainly in the PRC, and Malaysia. The company was founded on April 29, 1993 and is headquartered in Singapore.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

China Yuchai International Ltd. is a holding company, which engages in the manufacture, assembly, and sale of light, medium, and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine, and agriculture applications. It operates through Yuchai and HL Global Enterprises Limited (HLGE) segments. The Yuchai segment conducts manufacturing for on- and off-road powertrain solutions and applications which are mainly distributed in the PRC market. The HLGE segment includes hospitality and property development activities conducted mainly in the PRC and Malaysia. The company was founded on April 29, 1993 and is headquartered in Singapore.

SINGAPORE , May 8, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("Yuchai"), today announced that Yuchai was recently appointed as a Committee Member of the new Hydrogen Combustion Engine Innovation Consortium ("Consortium") division of the China Internal Combustion Engine Society. The Consortium, established under the guidance of the China Association for Science and Technology and the Ministry of Industry and Information Technology, led by the national "double carbon" goals, will further advance the technology development of hydrogen combustion engines for applications in the automobile, power generation, marine, industrial and agricultural industries.

Yuchai Appointed as Committee Member of New Hydrogen Innovation Consortium

China Yuchai International Limited (CYD) Second Half and Full Year 2023 Earnings Call Transcript

SINGAPORE , Feb. 27, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("GYMCL"), wishes to announce today its unaudited consolidated financial results for the 2023 second half year ("2H 2023") and fiscal year ended December 31, 2023 ("FY 2023").  The financial information presented herein for the second half year and fiscal year of 2023 and the second half year ("2H 2022") and fiscal year ended December 31, 2022 ("FY 2022") are reported using the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board.

China Yuchai International Announces Unaudited 2023 Second Half-Year and Full Year Financial Results

- Earnings Call to Begin at 8:00 A.M. EST - SINGAPORE , Feb. 13, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that it will be releasing its 2023 unaudited second half and full year financial results on Tuesday, February 27, 2024 before the market opens for trading.

CHINA YUCHAI INTERNATIONAL TO ANNOUNCE UNAUDITED 2023 SECOND HALF AND FULL YEAR FINANCIAL RESULTS ON FEBRUARY 27, 2024

Heavy duty truck sales in Mainland China are expected to grow by a mid-teens percentage this year based on third-party projections. The analysts are too bearish on CYD's prospects, forecasting a +9.9% top-line expansion in FY 2024 which is way below that of the industry's expected growth rate. I think that CYD stock is undervalued, as it currently trades at low-single-digit EV/EBITDA and mid-single-digit EV/EBIT multiples.

China Yuchai: Shares Are Mispriced

SINGAPORE , Dec. 31, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("GYMCL"), today announced that GYMCL has recently entered into an agreement with Beijing Liandong Jinyuan Management Technology Co., Ltd. ("Beijing Liandong") for the sale of GYMCL's 100% equity holding in Yuchai Remanufacturing Services (Suzhou) Co., Ltd.

China Yuchai Divests Yuchai Remanufacturing Services in Suzhou

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SINGAPORE , Nov. 3, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced that the Board of Directors has appointed Mr. Wong Hong Wai as a member of Audit Committee and Mr.

China Yuchai Announces Board Committee Changes

China Yuchai's key peer, Weichai Power, recently announced a positive earnings alert. Heavy duty truck sales volume in China jumped by +66% YoY in September 2023. CYD's new powertrain is expected to allow the company to win more orders associated with the agricultural end-market.

China Yuchai: Multiple Reasons To Stay Bullish

SINGAPORE , Oct. 20, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("GYMCL"), today announced that Yuchai Xin-Lan New Energy Power Technology Co., Ltd. ("Yuchai Xin-Lan"), has introduced a 350-horsepower hybrid electric drive continuously variable transmission ("hybrid CVT") powertrain system for a tractor.

Yuchai Xin-Lan Introduces a 350-Horsepower Electric Hybrid CVT Powertrain with Liugong Tractors

SINGAPORE , Oct. 3, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") a leading manufacturer and distributor of engines through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("GYMCL"), today announced that GYMCL's wholly owned subsidiary, Guangxi Yuchai Marine and Power Genset Co., Ltd. ("MPG"), won a new contract to install Yuchai's ferroalloy off-gas power generation system at a production plant which specializes in silicon-manganese alloys production in Inner Mongolia, China.

China Yuchai Subsidiary Wins an Order for 20MW Ferroalloy Off-Gas Power Generation

Potential buybacks by China Yuchai International Limited are likely to be accretive considering the company's current valuations, and they could act as a potential catalyst for the stock. The sell-side's consensus forecasts and recent industry numbers suggest that China Yuchai's 2H 2023 financial performance is likely to be strong. I retain my Buy rating for China Yuchai International Limited, following an analysis of key industry and corporate metrics and the potential for share repurchases.

China Yuchai: Eyes On Potential Buybacks And Key Metrics

China Yuchai International Limited (NYSE:CYD ) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Company Participants Kevin Theiss - Head, Investor Relations Weng Ming Hoh - President Choon Sen Loo - President & Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the China Yuchai International First Half 2023 financial results.

China Yuchai International Limited (CYD) Q2 2023 Earnings Call Transcript

SINGAPORE , Aug. 10, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), wishes to announce today its unaudited consolidated financial results for the 2023 first half-year ("1H 2023") ended June 30, 2023.  The financial information presented herein for 1H 2023 and for the 2022 first half-year ("1H 2022") are reported using the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board.

China Yuchai International Announces Unaudited 2023 First Half-Year Financial Results

SINGAPORE , Aug. 7, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) wishes to announce that all the resolutions as set out in its Notice of Annual General Meeting dated July 6, 2023 were duly passed at its Annual General Meeting held in Singapore today. About us China Yuchai International Limited ("China Yuchai" or the "Company"), through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China.

Results of Annual General Meeting Held on August 7, 2023

- Earnings Call to Begin at 8:00 A.M. EDT – SINGAPORE , July 27, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that it will be releasing its unaudited 2023 first half financial results on Thursday, August 10, 2023 before the market opens for trading.

CHINA YUCHAI INTERNATIONAL TO ANNOUNCE UNAUDITED 2023 FIRST HALF FINANCIAL RESULTS ON AUGUST 10, 2023

SINGAPORE , July 18, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai") announced today that a cash dividend of US$0.28 per ordinary share for the year ended December 31, 2022 has been declared by its Board of Directors. The cash dividend will be paid on August 7, 2023 to shareholders of record as of the close of business on July 31, 2023.

China Yuchai International to Pay US$0.28 Per Share Cash Dividend for FY2022

SINGAPORE , July 17, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), today announced that GYMCL's subsidiary, Yuchai Xin-Lan New Energy Power Technology Co., Ltd. ("Yuchai Xin-Lan") has introduced the Yuchai Xinlan S06-100kW P1 parallel hybrid powertrain system for SANY Group's 12-cubic-meter mixer trucks.

Yuchai Xin-Lan Launches Hybrid Powertrain System For Mixer Trucks Creating High Fuel Savings

SINGAPORE , July 6, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced that Mr. Ho Raymond Chi-Keung will not seek re-election at the forthcoming Annual General Meeting of the Company to be held on August 7, 2023 (the "Meeting") due to personal reasons.

China Yuchai Announces Board Change

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Recent heavy-duty truck sales in China and its listed peer's Q1 2023 results indicate that China Yuchai's financial performance for the current year should be reasonably decent. China Yuchai's current valuations remain attractive, even though the stock has done very well in the last two months or more. I reiterate my Buy rating for China Yuchai, after reviewing industry and peer metrics and assessing its current valuations.

China Yuchai: Industry Data And Peer's Results Offer Positive Read-Throughs

SINGAPORE , April 6, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), wishes to announce that GYMCL has incorporated a wholly-owned subsidiary, Guangxi Xing Yun Cloud Technology Co., Ltd., ("Xing Yun Cloud") with a registered capital of RMB 10 million.

China Yuchai Establishes New Technology Subsidiary

China Yuchai International Limited is expected to resume positive top line expansion and witness meaningful profitability improvement for this year. But China Yuchai's current market capitalization is less than the company's net cash position.

China Yuchai: Market Hasn't Priced In Favorable Outlook

China Yuchai International Limited (NYSE:CYD ) Second Half and Full Year 2022 Earnings Conference Call February 23, 2023 8:00 AM ET Company Participants Kevin Theiss – Investor Relations Weng Ming Hoh – President Choon Sen Loo – Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the China Yuchai International Limited 2022 Unaudited Second Half and Full Year Financial Results Conference Call.

China Yuchai International Limited (CYD) Second Half and Full Year 2022 Earnings Call Transcript

SINGAPORE , Feb. 23, 2023 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), wishes to announce today its unaudited consolidated financial results for the 2022 second half-year ("2H 2022") and fiscal year ("FY 2022") ended December 31, 2022.  The financial information presented herein for the second half year and fiscal year of 2022 and the second half year ("2H 2021") and fiscal year ("FY 2021") ended December 31, 2021 is reported using the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board.

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