SINGAPORE, June 12, 2025 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai") announced today that a cash dividend of US$0.53 per ordinary share for the year ended December 31, 2024 has been declared by its Board of Directors. The cash dividend will be paid on July 7, 2025 to shareholders of record as of the close of business on June 25, 2025.About UsChina Yuchai International Limited is one of the leading powertrain solution providers in China through its Guangxi Yuchai Machinery ...

Group 1 - China Yuchai International Limited (NYSE: CYD) is a vertically integrated and cash-rich company that specializes in engine production [1] - The company has a strong balance sheet, indicating financial stability [1] - There are positive indicators for the company, including cycles inflection and a significant deep value discount [1]

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. China Yuchai (CYD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.China Yuchai is one of 103 individual stocks in the Auto-Tires-Tru ...

Table of Contents OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE AC ...

Core Viewpoint - China Yuchai International Limited has announced the implementation of an equity incentive plan for its subsidiary, Guangxi SKY Cloud Technology Co., Ltd., aimed at motivating employees and enhancing long-term growth [1][5]. Group 1: Equity Plan Details - The equity incentive plan involves an increase in the registered capital of Sky Cloud by RMB 1.25 million, representing a 20% interest in the enlarged registered capital [2]. - The Sky Cloud Interest will be granted in two phases, with Phase One amounting to RMB 1,080,002 at a subscription price of RMB 1 per RMB 1 registered capital [3]. - The remaining interest will be granted in Phase Two by June 30, 2027, at a subscription price of 80% of the latest audited net assets value or RMB 1, whichever is higher [3]. Group 2: Participants and Structure - Participants in the equity plan include selected employees, directors, and senior officers of Sky Cloud, who will hold interests through separate partnership vehicles [4]. - The interests will be held in different proportions according to the terms of the equity plan, which includes various lock-up restrictions [4]. Group 3: Company Overview - China Yuchai, through its subsidiary Yuchai, is a leading powertrain solution provider in China, specializing in a wide range of engines for various applications [7]. - In 2024, Yuchai sold 356,586 engines, reinforcing its position in the market [7].

Company Overview - China Yuchai International Limited (NYSE: CYD) is a significant manufacturer of diesel and natural gas engines, primarily serving commercial vehicles, industrial equipment, and power generation sectors [1]. Industry Position - The company has maintained a strong market presence and continues to hold a firm grip on its industry segment, indicating stability and potential for growth in the engine manufacturing market [1]. Research Principles - Grassroots Trading emphasizes providing objective and unbiased research, focusing on small- to mid-cap companies while also identifying opportunities in larger companies, which reflects a comprehensive approach to equity market analysis [1].

Financial Data and Key Metrics Changes - EBIT sales outperformed the Chinese truck and bus vehicle markets, with truck and bus engine sales up by 1.6% year-on-year in the second half of 2024, and a 17.2% increase for the full year 2024, compared to a 9.9% decline in vehicle sales [8] - Revenue for the full year 2024 rose by 6.6% year-on-year to RMB 19.1 billion or USD 2.7 billion, while gross profit increased by 14.3% year-on-year in the second half of 2024 [9][10] - Gross margin improved to 40.7% compared to 40.1% in FY 2023, attributed to higher revenue and cost reduction initiatives [10] Business Line Data and Key Metrics Changes - Agricultural engine sales were flat in 2024, while industrial engine sales increased by 11% year-on-year, and marine and genset engine sales rose by 25.5% year-on-year [9] - Total number of engines sold in FY 2024 increased by 13.7% to 356,586 units, driven by higher sales in truck, bus, industrial, and marine markets [31] Market Data and Key Metrics Changes - The operating environment in China was challenging, with a GDP increase of 5% year-on-year in 2024, but property investment continued to decline [15] - The total value of goods and services in ASEAN rose to $3.6 trillion, creating a trade surplus of almost $1 trillion in 2024 [15] Company Strategy and Development Direction - The company is focusing on enhancing engine efficiency and performance, developing next-generation emission standard engines, and advancing new energy solutions, including hydrogen technologies [17][18] - A strategic cooperation agreement was entered into for technology licensing and component supply, with a total licensing fee of $38 million [14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about significant growth in the data center generator business, with an expected growth rate of at least 30% in 2025 [50] - The company anticipates a challenging but improving operating environment, with expectations for better performance in 2025 due to increased demand and capacity expansion plans [96] Other Important Information - R&D expenditures increased by 21.2% in the second half of 2024, representing 0.2% of revenue, with total R&D expenditures for FY 2024 at RMB 1.2 billion [16] - The company initiated a share buyback plan, repurchasing 3.3 million shares for a total cost of $39.8 million, demonstrating confidence in future revenue and profit generation [19][20] Q&A Session Summary Question: What were the sales figures for the data center generator business? - The MTU joint venture sold about 700 units in 2024, including various applications [45] Question: What is the expected growth rate for the data center generator business in 2025? - The order book for 2025 is already full, with expected growth of at least 30% [50] Question: What is the profitability of the generator business? - Specific margin details could not be disclosed, but the MTU joint venture is expected to have a premium due to international branding [47] Question: Will there be a price increase for generators? - There may be some improvement in pricing, but no significant plans for immediate increases [59] Question: What is the capacity expansion plan for 2025 and 2026? - The company plans a 35% to 40% increase in capacity by 2026 [68] Question: What are the challenges in the supply chain? - There are supply chain issues due to shortages of key components imported from Germany [112]

China Yuchai International (CYD) H2 2024 Earnings Call February 25, 2025 08:00 AM ET Company Participants Kevin Theiss - Investor RelationsWeng Ming Hoh - President & DirectorChoon Sen Loo - CFOKelvin Lai - General Manager of OperationsAndy Li - Associate DirectorWilliam Gregozeski - President & Director of Research Conference Call Participants Yiming Liu - Chief AnalystPengyu Bai - Equity Hedge Analyst Operator Good day and thank you for standing by. Welcome to China Yuchai International Limited Second Hal ...

Core Viewpoint - China Yuchai International Limited reported its unaudited consolidated financial results for the second half of 2024 and the fiscal year 2024, highlighting a mixed performance with increased engine sales but a decline in operating profit and net profit compared to the previous year [1][2]. Financial Highlights for 2H 2024 - Revenue for 2H 2024 was RMB 8.8 billion (US$ 1.2 billion), slightly down from RMB 8.9 billion in 2H 2023 [3]. - The total number of engines sold increased by 10.9% to 163,843 units compared to 147,700 units in 2H 2023, driven by higher sales in truck, bus, industrial, marine, and power generation markets [4]. - Gross profit rose by 14.3% to RMB 1.4 billion (US$ 195.7 million), with a gross margin of 15.9% compared to 13.9% in 2H 2023 [5]. - Other operating income increased by 31.2% to RMB 401.5 million (US$ 55.9 million) due to higher government grants and technology licensing fees [6]. - R&D expenses increased by 25.6% to RMB 591.1 million (US$ 82.2 million), representing 8.2% of revenue [7]. - SG&A expenses rose by 25.1% to RMB 1.1 billion (US$ 147.0 million), accounting for 12.0% of revenue [8]. - Operating profit declined to RMB 160.1 million (US$ 22.3 million) with an operating margin of 1.8% [9]. - Net profit attributable to equity holders was RMB 82.7 million (US$ 11.5 million), down from RMB 107.1 million in 2H 2023 [11][12]. Financial Highlights for FY 2024 - Revenue for FY 2024 was RMB 19.1 billion (US$ 2.7 billion), an increase from RMB 18.0 billion in FY 2023 [14]. - The total number of engines sold increased by 13.7% to 356,586 units compared to 313,493 units in FY 2023 [15]. - Gross profit increased by 10.8% to RMB 2.8 billion (US$ 392.1 million), with a gross margin of 14.7% [16]. - Other operating income rose by 30.1% to RMB 575.7 million (US$ 80.1 million) [17]. - R&D expenses increased by 12.3% to RMB 984.7 million (US$ 137.0 million), representing 6.2% of revenue [18]. - SG&A expenses were RMB 1.8 billion (US$ 252.1 million), representing 9.5% of revenue [19]. - Operating profit was RMB 597.0 million (US$ 83.0 million), down from RMB 609.4 million in FY 2023 [19]. - Net profit attributable to equity holders was RMB 323.1 million (US$ 44.9 million), compared to RMB 285.5 million in FY 2023 [22]. - Basic and diluted earnings per share increased by 17.5% to RMB 8.21 (US$ 1.14) from RMB 6.99 in FY 2023 [22]. Balance Sheet Highlights - As of December 31, 2024, cash and bank balances were RMB 6.4 billion (US$ 895.0 million) compared to RMB 6.0 billion at the end of FY 2023 [26]. - Trade and bills receivables were RMB 8.8 billion (US$ 1.2 billion) compared to RMB 7.8 billion at the end of FY 2023 [26]. - Inventories were RMB 4.7 billion (US$ 647.5 million) compared to RMB 4.6 billion at the end of FY 2023 [26]. - Trade and bills payables were RMB 8.5 billion (US$ 1.2 billion) compared to RMB 7.6 billion at the end of FY 2023 [26]. - Short-term and long-term loans and borrowings remained stable at RMB 2.5 billion (US$ 349.1 million) [26]. Management Commentary - The President of China Yuchai highlighted profitable sales growth and free cash flow generation, with on-road engine sales outperforming the overall Chinese truck and bus vehicle markets [25]. - The company is expanding its joint venture with MTU Yuchai and enhancing its product portfolio to meet increasing demand, particularly in power generation [25]. - A share buyback program was initiated, repurchasing 3.3 million shares for a total of US$ 39.8 million [25].

Core Viewpoint - China Yuchai International Limited has entered into a strategic cooperation agreement with Kim Long Motor Hue to enhance its presence in the ASEAN-Korean trade areas through technology licensing and support for an engine factory in Vietnam [1][3]. Group 1: Strategic Cooperation Agreement - The agreement includes technology licensing rights for specific engine models primarily for trucks, buses, and commercial vehicles in Vietnam [2]. - Kim Long Motor will have exclusive sales rights for the licensed engines in Vietnam and priority sales rights in other ASEAN countries and South Korea, along with aftermarket service rights [2]. - The licensing agreement is valid for 15 years with total licensing fees amounting to US$28 million [2]. Group 2: Support and Services - China Yuchai will provide technical services for the construction of the engine factory, including equipment installation and commissioning, at Kim Long Motor's expense [3]. - The company will supply all engine assembly parts and service kits for the engines manufactured by Kim Long Motor in Vietnam [3]. Group 3: Company Background - China Yuchai, through its subsidiary Guangxi Yuchai Machinery Company Limited, is a leading powertrain solution provider in China, specializing in a variety of engines for different applications [5]. - In 2023, Yuchai sold 313,493 engines, establishing a strong market presence and reputation for high-quality products and reliable after-sales support [5].