Business
China Yuchai International Announces Unaudited 2024 Second Half-Year and Full Year Financial Results
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"), wishes to announce today its unaudited consolidated financial results for the 2024 second half year ("2H 2024") and fiscal year ended December 31, 2024 ("FY 2024"). The financial information presented herein for 2H 2024 and FY 2024 and the second half year ("2H 20
About this update from China Yuchai International Limited
[{"type":"text","content":"SINGAPORE, Feb. 25, 2025 /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"), wishes to announce today its unaudited consolidated financial results for the 2024 second half year ("2H 2024") and fiscal year ended December 31, 2024 ("FY 2024"). The financial information presented herein for 2H 2024 and FY 2024 and the second half year ("2H 2023") and fiscal year ended December 31, 2023 ("FY 2023") are reported using the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board.","length":829,"tagName":"p"},{"type":"text","content":"Financial Highlights for 2H 2024","length":32,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was RMB 8.8 billion (US$ 1.2 billion) compared with RMB 8.9 billion in 2H 2023;","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased by 14.3% to RMB 1.4 billion (US$ 195.7 million) compared with RMB 1.2 billion in 2H 2023. Gross margin was 15.9% in 2H 2024 compared with 13.9% in 2H 2023;","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating profit was RMB 160.1 million (US$ 22.3 million) compared with RMB 221.8 million in 2H 2023;","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Profit for the period was RMB 155.1 million (US$ 21.6 million) compared with RMB 169.8 million in 2H 2023;","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Basic and diluted earnings per share were RMB 2.19 (US$ 0.30) compared with RMB 2.62 in 2H 2023;","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Total number of engines sold increased by 10.9% to 163,843 units compared with 147,700 units in 2H 2023.","length":104,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":678,"olType":false},{"type":"text","content":"Revenue was RMB 8.8 billion (US$ 1.2 billion) compared with RMB 8.9 billion in 2H 2023.","length":87,"tagName":"p"},{"type":"text","content":"The total number of engines sold in 2H 2024 increased by 10.9% to 163,843 units compared with 1...