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 ...

China Yuchai International Limited (NYSE:CYD) Second Half and Full Year 2023 Earnings Conference Call February 27, 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 William Gregozeski - Greenridge Global Operator Good day and thank you for standing by. Welcome to China Yuchai International Limited Second-Half and Fiscal Year 2023 Financial Results Conference Call. At this time all partic ...

- 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.   A conference call and audio webcast for the investment community has been scheduled for 8:00 A.M. Eastern Standard Time on February 27, 2024. The call will be hosted by th ...

CHUNYIP WONG Elevator Pitch I continue to assign a Buy investment rating to China Yuchai International Limited (NYSE:CYD) stock. In my prior article published on October 26, 2023, I wrote about the key factors that support my bullish view of CYD. For the current write-up, I draw attention to the performance and outlook of China's heavy duty truck industry. In my opinion, CYD stock is mispriced by the market which warrants a Buy rating. Heavy duty truck sales in Mainland China are projected to expand by a re ...