Welcome to our dedicated page for China Yuchai Intl news (Ticker: CYD), a resource for investors and traders seeking the latest updates and insights on China Yuchai Intl stock.
China Yuchai International Limited (NYSE: CYD) is a Bermuda holding company whose main operating business is conducted through Guangxi Yuchai Machinery Company Limited ("Yuchai") in China. This news page aggregates company-issued updates and regulatory announcements related to CYD, with a focus on its engine and powertrain activities.
Yuchai is described by the company as one of the leading powertrain solution providers in China, supplying engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications. News items frequently highlight developments in these markets, such as new engine launches, high-horsepower generator products and expansion of natural gas engine deployments in public transportation fleets.
Recent disclosures have covered topics including the launch of the YC16VTF high-speed, high-horsepower generator engine, the production and delivery of mtu Series 2000 engines by MTU Yuchai Power Co., Ltd., and shipments of high-end cylinder head castings from Guangxi Yuchai Foundry Co., Ltd. to a German customer. Other updates have described deliveries of buses powered by Yuchai natural gas engines to Nuevo León, Mexico, and growth in overseas markets.
Investors and followers of CYD can also find governance and corporate news, such as board appointments and resignations, and announcements about potential listings of subsidiaries or equity investments in component suppliers like Nanyue Diankong (Hengyang) Industrial Technology Company Limited. Financial news, including unaudited half-year results and related commentary on engine sales by segment, is furnished via Form 6‑K filings and associated press releases.
This page provides a centralized view of China Yuchai’s official news flow, allowing readers to review product, financial, strategic and governance developments that the company has chosen to disclose.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
On April 6, 2023, China Yuchai International Limited (NYSE: CYD) announced the incorporation of a wholly-owned subsidiary, Guangxi Xing Yun Cloud Technology Co., Ltd., with a registered capital of RMB 10 million. This new entity will focus on developing proprietary operating systems for data analytics, supporting smart and connected solutions for vehicles and machinery. Additionally, Xing Yun Cloud will oversee IT operations, maintenance, and the development of intelligent network processes for the GYMCL group. Established in 1951, GYMCL is recognized as a leading engine manufacturer in China, selling 321,256 engines in 2022. The company continues to strengthen its market position by investing in technology-driven solutions.
China Yuchai International Limited (NYSE: CYD) reported its unaudited financial results for the second half (2H) and full fiscal year (FY) of 2022. Revenue for 2H 2022 was RMB 7.5 billion (US$ 1.1 billion), down from RMB 8.6 billion in 2H 2021. Total engine sales decreased by 18.1% to 140,345 units. Despite lower sales, gross profit remained stable at RMB 1.3 billion, with a gross margin increase to 17.0%. For FY 2022, revenue dropped to RMB 16.0 billion (US$ 2.3 billion) from RMB 21.3 billion in FY 2021. Basic earnings per share were RMB 3.06 (US$ 0.44) compared to RMB 0.46 in 2H 2021. The company maintains a strong balance sheet amid challenging market conditions.
China Yuchai International Limited (NYSE: CYD) announced the appointment of Mr. Wong Hong Wai as a Director, effective March 1, 2023. Mr. Wong brings over 35 years of experience across China, Germany, Japan, Singapore, Switzerland, and the U.S. He previously held significant roles at General Motors, including M&A, strategic alliances, and risk management. His expertise is expected to enhance the company's future success. With this appointment, the board comprises 10 members, including three independent directors. Mr. Wong's qualifications include a Bachelor's in Engineering and an MBA from the National University of Singapore.
FAQ
What is the current stock price of China Yuchai Intl (CYD)?
What is the market cap of China Yuchai Intl (CYD)?
