China Yuchai Intl Ltd Financials

CYD

Source SEC Filings (10-K/10-Q) Updated Apr 29, 2026 Currency USD FYE April

This page shows China Yuchai Intl Ltd (CYD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CYD FY2024 2026-04-29

China Yuchai’s dominant mechanic is working-capital-driven cash conversion inside a business financed far more by operations than debt.

From FY2022 to FY2024, net income stayed positive while operating cash flow moved from -$17.2M to $108.6M, showing that earnings were steadier than the cash actually released from the balance sheet. The swing looks tied to working capital, not financing: FY2023 produced $172.6M of operating cash, but FY2024 ended with $1.31B in receivables, meaning more of the year’s sales were left waiting to be collected.

The balance sheet is cash-rich and minimally levered: FY2024 cash of $824.7M sat against just $4.2M of long-term debt. That makes the company’s financing posture more conservative than total liabilities alone imply, because very little of its funding appears to be interest-bearing.

Liquidity looks serviceable rather than tight, with the current ratio holding near 1.5x in recent years even after the downturn. FY2024 also included $39.8M of buybacks and $14.2M of dividends, so cash returns were funded internally rather than by adding leverage.

Financial Health Signals

Financial Profile 42/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of China Yuchai Intl Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

China Yuchai Intl Ltd's revenue surged 33.6% year-over-year to $3.6B, reflecting rapid business expansion. This strong growth earns a score of 64/100.

Leverage

100

China Yuchai Intl Ltd carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

China Yuchai Intl Ltd's current ratio of 1.39 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

China Yuchai Intl Ltd has a free cash flow margin of 9.1%, earning a moderate score of 41/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

China Yuchai Intl Ltd generates a 6.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is up from 4.0% the prior year.

Piotroski F-Score Neutral

6/9

China Yuchai Intl Ltd passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.35x

For every $1 of reported earnings, China Yuchai Intl Ltd generates $3.35 in operating cash flow ($392.7M OCF vs $117.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.6B

YoY+33.6%

5Y CAGR+2.3%

China Yuchai Intl Ltd generated $3.6B in revenue in fiscal year 2025. This represents an increase of 33.6% from the prior year.

EBITDA

N/A

Net Income

$117.1M

YoY+70.8%

5Y CAGR-0.6%

China Yuchai Intl Ltd reported $117.1M in net income in fiscal year 2025. This represents an increase of 70.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$322.9M

YoY+452.5%

5Y CAGR+20.3%

China Yuchai Intl Ltd generated $322.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 452.5% from the prior year.

Cash & Debt

$854.6M

YoY+3.6%

5Y CAGR-1.7%

China Yuchai Intl Ltd held $854.6M in cash against $6.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

38M

YoY+0.0%

5Y CAGR-1.7%

China Yuchai Intl Ltd had 38M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

3.3%

YoY+0.7pp

5Y CAGR-0.5pp

China Yuchai Intl Ltd's net profit margin was 3.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.

Return on Equity

6.3%

YoY+2.3pp

5Y CAGR-0.3pp

China Yuchai Intl Ltd's ROE was 6.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$69.8M

YoY+39.0%

5Y CAGR-5.0%

China Yuchai Intl Ltd invested $69.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 39.0% from the prior year.

CYD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.6B+33.6%	$2.7B+5.0%	$2.5B+10.2%	$2.3B-31.4%	$3.4B+5.8%	$3.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$291K+21.8%	$239K-13.7%	$277K+24.2%	$223K-22.6%	$288K-15.3%	$340K
Income Tax	$47.6M+165.3%	$18.0M-14.1%	$20.9M+146.0%	$8.5M+22.6%	$6.9M-76.7%	$29.8M
Net Income	$117.1M+70.8%	$68.5M+15.2%	$59.5M+23.3%	$48.3M-25.2%	$64.5M-46.4%	$120.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CYD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.6B+22.4%	$3.8B+4.0%	$3.6B+4.4%	$3.5B-12.5%	$4.0B-2.3%	$4.1B
Current Assets	$3.6B+27.0%	$2.9B+6.0%	$2.7B+9.7%	$2.5B-13.6%	$2.8B-4.4%	$3.0B
Cash & Equivalents	$854.6M+3.6%	$824.7M+6.7%	$772.9M+23.3%	$626.7M-9.0%	$688.8M-25.9%	$929.7M
Inventory	$803.9M+23.9%	$648.8M-0.9%	$654.5M-7.9%	$710.3M-13.8%	$823.9M+19.2%	$690.9M
Accounts Receivable	$1.7B+28.3%	$1.3B+10.2%	$1.2B+13.2%	$1.1B-11.8%	$1.2B-8.8%	$1.3B
Goodwill	$30.7M-88.5%	$268.0M-2.4%	$274.7M+1.8%	$269.7M-3.0%	$278.2M+21.3%	$229.3M
Total Liabilities	$2.8B+33.9%	$2.1B+7.5%	$1.9B+8.0%	$1.8B-17.0%	$2.1B-4.5%	$2.2B
Current Liabilities	$2.6B+41.6%	$1.8B+8.6%	$1.7B+5.1%	$1.6B-19.2%	$2.0B-0.9%	$2.0B
Long-Term Debt	$6.1M+43.9%	$4.2M+87.1%	$2.3M-44.5%	$4.1M+91.4%	$2.1M-19.4%	$2.6M
Total Equity	$1.9B+8.6%	$1.7B0.0%	$1.7B+0.7%	$1.7B-7.3%	$1.8B+0.5%	$1.8B
Retained Earnings	$1.0B+3.2%	$972.9M+1.3%	$960.2M+0.2%	$958.2M-7.9%	$1.0B-0.3%	$1.0B

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Total Assets	$3.8B+4.0%	$3.6B+4.4%	$3.5B-12.5%	$4.0B-2.3%	$4.1B+20.7%	$3.4B+4.0%	$3.2B-2.5%	$3.3B
Current Assets	$2.9B+6.0%	$2.7B+9.7%	$2.5B-13.6%	$2.8B-4.4%	$3.0B+21.3%	$2.5B0.0%	$2.5B-3.0%	$2.5B
Cash & Equivalents	$824.7M+6.7%	$772.9M+23.3%	$626.7M-9.0%	$688.8M-25.9%	$929.7M+4.6%	$889.0M+13.3%	$784.7M-2.6%	$805.7M
Inventory	$648.8M-0.9%	$654.5M-7.9%	$710.3M-13.8%	$823.9M+19.2%	$690.9M+73.3%	$398.6M+5.9%	$376.4M-7.4%	$406.5M
Accounts Receivable	$1.3B+10.2%	$1.2B+13.2%	$1.1B-11.8%	$1.2B-8.8%	$1.3B+13.1%	$1.2B-0.7%	$1.2B	N/A
Goodwill	$268.0M-2.4%	$274.7M+1.8%	$269.7M-3.0%	$278.2M+21.3%	$229.3M+70.3%	$134.7M+323.7%	$31.8M0.0%	$31.8M
Total Liabilities	$2.1B+7.5%	$1.9B+8.0%	$1.8B-17.0%	$2.1B-4.5%	$2.2B+28.9%	$1.7B+10.3%	$1.6B-0.9%	$1.6B
Current Liabilities	$1.8B+8.6%	$1.7B+5.1%	$1.6B-19.2%	$2.0B-0.9%	$2.0B+27.5%	$1.6B+10.7%	$1.4B-3.8%	$1.5B
Long-Term Debt	$4.2M+87.1%	$2.3M-44.5%	$4.1M+91.4%	$2.1M-19.4%	$2.6M-40.6%	$4.4M-99.0%	$460.2M-9.6%	$509.0M
Total Equity	$1.7B0.0%	$1.7B+0.7%	$1.7B-7.3%	$1.8B+0.5%	$1.8B+11.9%	$1.6B-2.0%	$1.7B-3.9%	$1.7B
Retained Earnings	$972.9M+1.3%	$960.2M+0.2%	$958.2M-7.9%	$1.0B-0.3%	$1.0B+14.6%	$911.3M+0.1%	$910.7M-4.1%	$949.4M

CYD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$392.7M+261.4%	$108.6M-37.1%	$172.6M+1104.7%	-$17.2M-121.5%	$79.8M-63.5%	$218.7M
Capital Expenditures	$69.8M+39.0%	$50.2M+50.0%	$33.5M-46.0%	$62.0M-31.5%	$90.5M+0.1%	$90.3M
Free Cash Flow	$322.9M+452.5%	$58.4M-58.0%	$139.1M+275.7%	-$79.2M-641.8%	-$10.7M-108.3%	$128.4M
Investing Cash Flow	-$39.6M-351.4%	$15.8M+198.9%	-$15.9M+16.7%	-$19.1M+83.6%	-$116.9M+3.8%	-$121.4M
Financing Cash Flow	-$119.6M-62.9%	-$73.4M-1445.5%	-$4.8M+76.5%	-$20.2M+84.8%	-$132.6M-85.9%	-$71.4M
Dividends Paid	$20.6M+45.6%	$14.2M+25.4%	$11.3M-28.4%	$15.8M-77.8%	$71.0M+86.8%	$38.0M
Share Buybacks	N/A	$39.8M	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CYD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	3.3%+0.7pp	2.6%+0.2pp	2.3%+0.3pp	2.1%+0.2pp	1.9%-1.9pp	3.8%
Return on Equity	6.3%+2.3pp	4.0%+0.5pp	3.5%+0.6pp	2.8%-0.7pp	3.5%-3.1pp	6.6%
Return on Assets	2.5%+0.7pp	1.8%+0.2pp	1.6%+0.3pp	1.4%-0.2pp	1.6%-1.3pp	3.0%
Current Ratio	1.39-0.2	1.55-0.0	1.59+0.1	1.52+0.1	1.42-0.1	1.48
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	9.1%+6.9pp	2.2%-3.3pp	5.5%+8.9pp	-3.4%-3.1pp	-0.3%-4.4pp	4.0%

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.55-0.0	1.59+0.1	1.52+0.1	1.42-0.1	1.48-0.1	1.55-0.2	1.72+0.0	1.70
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00-0.3	0.28-0.0	0.29
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is China Yuchai Intl Ltd's annual revenue?

China Yuchai Intl Ltd (CYD) reported $3.6B in total revenue for fiscal year 2025. This represents a 33.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is China Yuchai Intl Ltd's revenue growing?

China Yuchai Intl Ltd (CYD) revenue grew by 33.6% year-over-year, from $2.7B to $3.6B in fiscal year 2025.

Is China Yuchai Intl Ltd profitable?

Yes, China Yuchai Intl Ltd (CYD) reported a net income of $117.1M in fiscal year 2025, with a net profit margin of 3.3%.

How much debt does China Yuchai Intl Ltd have?

As of fiscal year 2025, China Yuchai Intl Ltd (CYD) had $854.6M in cash and equivalents against $6.1M in long-term debt.

What is China Yuchai Intl Ltd's net profit margin?

China Yuchai Intl Ltd (CYD) had a net profit margin of 3.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is China Yuchai Intl Ltd's return on equity (ROE)?

China Yuchai Intl Ltd (CYD) has a return on equity of 6.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is China Yuchai Intl Ltd's free cash flow?

China Yuchai Intl Ltd (CYD) generated $322.9M in free cash flow during fiscal year 2025. This represents a 452.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is China Yuchai Intl Ltd's operating cash flow?

China Yuchai Intl Ltd (CYD) generated $392.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are China Yuchai Intl Ltd's total assets?

China Yuchai Intl Ltd (CYD) had $4.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are China Yuchai Intl Ltd's capital expenditures?

China Yuchai Intl Ltd (CYD) invested $69.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does China Yuchai Intl Ltd have outstanding?

China Yuchai Intl Ltd (CYD) had 38M shares outstanding as of fiscal year 2025.

What is China Yuchai Intl Ltd's current ratio?

China Yuchai Intl Ltd (CYD) had a current ratio of 1.39 as of fiscal year 2025, which is considered adequate.

What is China Yuchai Intl Ltd's debt-to-equity ratio?

China Yuchai Intl Ltd (CYD) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is China Yuchai Intl Ltd's return on assets (ROA)?

China Yuchai Intl Ltd (CYD) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is China Yuchai Intl Ltd's Piotroski F-Score?

China Yuchai Intl Ltd (CYD) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are China Yuchai Intl Ltd's earnings high quality?

China Yuchai Intl Ltd (CYD) has an earnings quality ratio of 3.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is China Yuchai Intl Ltd?

China Yuchai Intl Ltd (CYD) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.