SINGAPORE, Aug. 7, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai") announced today that a cash dividend of US$0.38 per ordinary share for the year ended December 31, 2023 has been declared by its Board of Directors. The cash dividend will be paid on August 28, 2024 to shareholders of record as of the close of business on August 19, 2024.About UsChina Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("Yuchai"), engages in the ...

- Earnings Call to Begin at 8:00 A.M. EDT – SINGAPORE, July 29, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that it will be releasing its 2024 unaudited first-half year financial results on Monday, August 12, 2024 before the market opens for trading.   A conference call and audio webcast for the investment community has been scheduled for 8:00 A.M. Eastern Daylight Time on August 12, 2024.  The call will be hosted by the President an ...

Core Viewpoint - China Yuchai International Limited has made significant advancements in the wind energy sector with the launch of the QT700-10 turbine fan main shaft, showcasing its commitment to clean energy solutions [1][4]. Company Overview - China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited, is a leading manufacturer of powertrain solutions, including a variety of engines for different applications in China [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]. Product Development - The QT700-10 turbine fan main shaft was developed using proprietary QT700-10 high-strength ductile iron material, which enhances performance in wind energy applications [1][2]. - The new main shaft has undergone successful testing for 6 months, receiving positive feedback from customers, including major domestic wind turbine manufacturers [2][3]. - The QT700-10 main shaft is designed for wind turbines with a capacity of 5MW and above, capable of generating 5,000 kilowatt-hours of electricity per hour, thus providing significant economic benefits [3]. Production Capacity - Yuchai Foundry has expanded its production capacity for the QT700-10 turbine fan main shaft to an annual output of 1,000 units, indicating strong demand and growth potential in the wind energy sector [2]. Technological Advancements - The development of the QT700-10 main shaft involved overcoming significant challenges, resulting in a product that is 15%-30% lighter than conventional main shafts, with improved strength and low-temperature fracture toughness [3].

CHINA YUCHAI INTERNATIONAL LIMITEDSINGAPORE, July 8, 2024 /PRNewswire/ -- To all ShareholdersNOTICE IS HEREBY GIVEN that the Annual General Meeting (the "Meeting") of CHINA YUCHAI INTERNATIONAL LIMITED (NYSE: CYD) (the "Company") will be held at Grand Copthorne Waterfront Hotel Singapore, 392 Havelock Road, Singapore 169663 on Wednesday, August 7, 2024, at 9.00 a.m. (Singapore Time) for the following purposes:As Ordinary Business1.  To receive and adopt the audited financial statements and independent audit ...

Core Viewpoint - China Yuchai International Limited's investment rating has been upgraded from Hold to Buy due to a new share buyback plan and positive industry outlook [2] Group 1: Share Buyback Program - China Yuchai announced a new share buyback plan allowing repurchase of up to $40 million or 4 million shares, whichever occurs first, with no specific expiry date [3] - The initiation of the buyback program enhances the company's shareholder capital return outlook, making it a more attractive investment [3] - The potential forward buyback yield could reach 11% if the full $40 million is utilized within a year, or 5.5% if it takes two years, leading to a possible total shareholder yield of 9.5% to 15% when combined with dividends [4] Group 2: Industry Outlook - The business outlook for China Yuchai has improved based on updated guidance from peers and recent sales data for LNG heavy-duty trucks (HDTs) in China [5] - Weichai Power revised its HDT industry sales outlook for China from flat to +10% year-over-year, influenced by government policies for equipment renewal [5] - LNG HDT sales in Mainland China reportedly grew by 85%-90% in May 2024, indicating strong demand that could benefit China Yuchai's revenue [5] Group 3: Valuation Metrics - China Yuchai is currently trading at an EV/EBITDA multiple of 1.9 and a normalized P/E multiple of 7.8, which are significantly lower than its peer Weichai Power, trading at 4.5 times EV/EBITDA and 10.2 times normalized P/E [7]

SINGAPORE, June 7, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced that its Board of Directors has approved a share buyback plan under which the Company may repurchase its ordinary shares up to US$40 million in dollar amount or 4 million in number (whichever occurs earlier).Under the share buyback plan, the Company may repurchase shares from time to time on the open market at prevailing market prices, in privately negotiated transactions, ...

SINGAPORE, June 7, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced its Board of Directors has approved two equity incentive plans, proposed to be implemented by its Chinese subsidiaries, Guangxi Yuchai Machinery Company Limited ("GYMCL") and Guangxi Yuchai Marine and Genset Power Co., Ltd. ("MGP"), in respect of equity interests in MGP (collectively, the "Equity Plans"). GYMCL is a 76.41%-subsidiary of China Yuchai and MGP is a wholly-own ...

Core Insights - China Yuchai International Limited has launched 50 green energy buses equipped with hydrogen fuel cells in Beijing, marking a significant step in the company's commitment to sustainable transportation solutions [1][4] - The hydrogen fuel cell systems used in these buses include 30 units of 82kW and 20 units of 125kW, showcasing advanced energy efficiency and longevity [2][3] Company Overview - China Yuchai, through its subsidiary Guangxi Yuchai Machinery Company Limited, is a leading manufacturer of various engines for trucks, buses, and other applications, with a strong market presence in China [5] - The company has a history dating back to 1951 and has established a reputable brand with a focus on research and development, achieving significant sales of 313,493 engines in 2023 [5] Industry Context - The introduction of hydrogen fuel cell technology aligns with China's national "double carbon" goal, promoting green and low-carbon transportation as part of the country's broader environmental strategy [3][4] - The hydrogen energy industry in China is experiencing rapid growth, with companies like Yuchai investing in new energy powertrain development to meet increasing demand [4]

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 unde ...

Table of Contents Title of Each ClassTrading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value US$0.10 per Share CYD The New York Stock Exchange Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRA ...