China Yuchai Intl Ltd Stock Price, News & Analysis

China Yuchai International (NYSE: CYD) has announced its Annual General Meeting scheduled for July 8, 2025, at 11:00 a.m. local time in Singapore. Key agenda items include adopting 2024 financial statements, increasing Directors' fees limit from US$250,000 to US$700,000, re-electing nine Directors, and re-appointing Ernst & Young LLP as auditors. Notable special business includes the establishment of the Company's 2025 Equity Incentive Plan, which will be administered by the Compensation Committee. The meeting is open to Members registered as of May 27, 2025, who can vote in advance via internet, telephone, or mail. Proxy forms must be submitted by July 6, 2025 (11:00 a.m. Singapore Time) or July 5, 2025 (11:00 p.m. Eastern Time).

China Yuchai International (NYSE: CYD) has announced the implementation of an equity incentive plan through its subsidiary Sky Cloud. The plan involves increasing Sky Cloud's registered capital by RMB 1.25 million, representing a 20% interest in the enlarged capital.

The plan will be executed in two phases: Phase One will distribute RMB 1,080,002 at RMB 1 per unit of registered capital, while Phase Two will be completed by June 30, 2027, at 80% of the latest audited net assets value or RMB 1, whichever is higher.

The equity interest will be granted to selected employees, directors, and senior officers through partnership vehicles, subject to lock-up restrictions. While the plan aims to motivate key employees and ensure long-term growth, the expected share-based expenses under IFRS are considered immaterial to China Yuchai's financial performance.

China Yuchai International (NYSE: CYD) has released its unaudited financial results for the second half and full year of 2024. For FY 2024, the company reported:

- Revenue growth of 6.0% to RMB 19.1 billion (US$ 2.7 billion)

- Gross profit increase of 10.8% to RMB 2.8 billion with a 14.7% gross margin

- Total engine sales up 13.7% to 356,586 units

- Basic and diluted EPS of RMB 8.21 (US$ 1.14), up 17.5%

The company outperformed the overall Chinese commercial vehicle market, which declined by 2.6% according to CAAM data. China Yuchai's joint ventures performed well, with profits increasing 63.6% to RMB 101.5 million, driven by MTU Yuchai. The company enhanced shareholder returns through a US$ 0.38 per share dividend and its first-ever share buyback program, repurchasing 3.3 million shares for US$ 39.8 million. The company is expanding its MTU Yuchai joint venture with additional engine models to address growing demand, particularly from data centers.

China Yuchai International (NYSE: CYD) has announced a strategic cooperation agreement with Kim Long Motor Hue, a subsidiary of Vietnam's FUTA Group. The agreement includes technology licensing, component supply, and support services for constructing an engine factory in Vietnam.

Under the 15-year agreement valued at US$28 million in licensing fees, Kim Long Motor receives exclusive rights to manufacture and sell specific Yuchai engine models in Vietnam, with priority sales rights in other ASEAN countries and South Korea. The engines will primarily serve trucks, buses, and commercial vehicles.

Yuchai will provide technical support for factory setup and supply all engine assembly parts and service kits for the Vietnamese production. The agreement represents a strategic move to expand Yuchai's presence in the ASEAN-Korean trade regions.

China Yuchai International (NYSE: CYD) has scheduled the release of its unaudited 2024 second-half and full year financial results for Tuesday, February 25, 2025, before market opening. The company will host a conference call and audio webcast at 8:00 A.M. EST on the same day.

The earnings call will be hosted by President Weng Ming Hoh and CFO Choon Sen Loo, who will present the financial results followed by a Q&A session. Analysts and institutional investors can participate by registering at least one hour before the start time, while other interested parties can access the simultaneous webcast through the company's website investor relations section.

China Yuchai International (NYSE: CYD) has announced the immediate termination of its share buyback plan, which was initially adopted on June 7, 2024. The plan allowed for repurchases of up to US$40 million or 4 million shares, whichever occurred first. As of the announcement, the company had repurchased 3,339,968 shares for a total of US$39,825,731. The repurchased shares will be held as treasury shares, reducing the company's outstanding shares from 40,858,290 to 37,518,322.

China Yuchai International (NYSE: CYD) has announced the commencement of operations at its Yuchai Thailand factory, marking a significant step in its globalization efforts. The factory's first K08 engine has been delivered to a customer, with senior executives from major companies attending the event. Yuchai Thailand will produce a range of diesel engines, natural gas engines, and new energy power products, starting with an annual capacity of 5,000 units, expandable based on market demand.

This expansion is part of Yuchai's accelerating globalization strategy, driven by growing cooperation between China and ASEAN countries. Yuchai's exports to ASEAN countries have reached over 20,000 units annually, representing a significant portion of its overseas sales. The Thailand factory is expected to strengthen partnerships, enhance product competitiveness, and increase market penetration in Southeast Asia.

Yuchai Power System (Thailand) Co., , the first overseas factory of Guangxi Yuchai Machinery Co., (NYSE:CYD), officially opened in Samut Prakan on August 20, 2024. This marks a significant milestone in Yuchai's globalization strategy, aiming to boost growth in the Southeast Asian market. The factory will produce diesel, gas, and clean-energy engines, initially focusing on K08, S06, and S04 series.

Yuchai has been exporting to Southeast Asia since the 1970s, with recent annual exports exceeding 20,000 units. The company now has 21 overseas institutions and 495 service agents, with over 680,000 engines globally. Yuchai plans to expand further, including building new factories in Vietnam and advancing negotiations in Europe and the Middle East.

Yuchai Power System (Thailand) Co., , the first overseas factory of Guangxi Yuchai Machinery Co., (Yuchai), officially opened in Samut Prakan on August 20, 2024. This milestone marks Yuchai's significant step in its globalization strategy, particularly in the Southeast Asian market. The factory will produce diesel, gas, and clean-energy engines, initially focusing on K08, S06, and S04 series.

Yuchai has been exporting to Southeast Asia since the 1970s, with exports growing from 400 units in 2004 to over 20,000 units annually in recent years. The company now has 21 overseas institutions and 495 service agents, with over 680,000 engines globally. Yuchai plans to expand further, including building new factories in Vietnam and exploring opportunities in Europe and the Middle East.