Asia-Pacific Images Studio China Yuchai International Limited's (NYSE:CYD) rating stays as a Buy. The 2H 2024 outlook for CYD and China's Heavy-Duty Truck or HDT sector is favorable, taking into account the recent government policy offering subsidies for HDT replacements. The company has also engaged in substantial buybacks in the past few months, and the stock's potential FY 2024 buyback yield could be as good as 10%. This article highlights the policy tailwinds for the HDT industry in Mainland China a ...

Core Viewpoint - China Yuchai International Limited has commenced production operations at its Thailand facility, marking a significant step in its globalization strategy and enhancing its presence in the ASEAN markets [1][2]. Group 1: Company Operations - Yuchai Thailand has started production with the first K08 engine rolling off the line, with an initial annual production capacity of 5,000 units, which will expand based on market demand [1]. - The Thailand facility will manufacture a variety of engines, including diesel, natural gas, and new energy power products, with the first products being the K08, S06, and S04 series [1]. Group 2: Market Position and Strategy - Over the past decade, Yuchai's exports to ASEAN countries have exceeded 20,000 units annually, indicating a strong overseas sales performance [2]. - The establishment of Yuchai Thailand strengthens partnerships with key players like Foton Motor, enhancing product competitiveness and market penetration in Southeast Asia [2]. - The President of China Yuchai emphasized that Yuchai Thailand is crucial for increasing market share in ASEAN and solidifying relationships with OEM customers [2]. Group 3: Company Background - China Yuchai, through its subsidiary Guangxi Yuchai Machinery Company, manufactures a wide range of engines for various applications, including trucks, buses, and construction equipment [3]. - In 2023, Yuchai sold 313,493 engines, establishing itself as a leading manufacturer and distributor in China with a strong brand and market presence [3].

Core Viewpoint - Yuchai Power System (Thailand) Co., Ltd. has officially opened its first overseas factory in Samut Prakan, Thailand, marking a significant step in Guangxi Yuchai Machinery Co., Ltd.'s globalization strategy and aiming to enhance its growth in the Southeast Asian market [1][3]. Group 1: Company Expansion and Production - The Thailand factory will primarily produce diesel engines, gas engines, and clean-energy engines, with initial products including K08, S06, and S04 series, and plans to produce Yuchai 2-11L series products in the future [1][3]. - Yuchai has been exporting products to Southeast Asia since the 1970s, with exports increasing from 400 units in 2004 to over 20,000 units per year recently, demonstrating significant growth in the ASEAN market [2]. Group 2: Strategic Partnerships and Future Plans - Yuchai aims to strengthen cooperation with key partners, such as Beiqi Foton, to enhance product competitiveness and expand its market presence in Southeast Asia [3]. - The company is also planning to collaborate with KIM LONG MOTOR to establish new factories in Vietnam and is advancing strategic cooperation negotiations in Europe and the Middle East [3]. Group 3: Vision and Development Goals - Yuchai plans to leverage the Belt and Road Initiative and the China-ASEAN Free Trade Area to develop its Thailand factory into a high-end, intelligent, digital, and green manufacturing facility [4]. - The company aims to double its production capacity and provide high-quality products, promoting the development of the industrial chain in China, Thailand, and the ASEAN region [4].

SINGAPORE, Aug. 14, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), had on June 7, 2024, adopted a share buyback plan, of up to US$40 million in dollar amount or 4 million in number, whichever occurs earlier. As of the end of market trading on August 12, 2024, the Company repurchased a total of 3,226,159 shares for a total amount of approximately US$38.5 million.The shares purchased under the Company's share buyback plan will be held as treasury shares. ...

SINGAPORE, Aug. 13, 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's Marine and Genset Power subsidiary and Rolls-Royce's Power Systems division, recently signed an agreement to enter into a second phase cooperation and development of their 50/50 joint-venture entity MTU Yuc ...

China Yuchai International Limited (NYSE:CYD) Q2 2024 Earnings Conference Call August 12, 2024 8:00 AM ET Company Participants Kevin Theiss - Head, Investor Relations Weng Ming Hoh - President Choon Sen Loo - Chief Financial Officer Conference Call Participants Gary Nash - Nash Consulting Operator Good day, and thank you for standing by. Welcome to the China Yuchai International Limited First Half 2024 Financial Results Conference call. At this time, all participants are in a listen-only mode. After the spe ...

SINGAPORE, Aug. 12, 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 its unaudited consolidated financial results for the 2024 first half-year ended June 30, 2024 ("1H 2024"). The financial information presented herein for 1H 2024 and for the 2023 first half-year ("1H 2023") are reported ...

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].