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.
China Yuchai International Limited (NYSE: CYD) has announced the incorporation of a joint venture, Beijing Yuchai Xingshunda New Energy Technology Co., Ltd., focused on developing fuel cell powertrain systems. This venture, established in Beijing with a registered capital of RMB 10 million, will leverage resources from both China Yuchai and Beijing Xing Shun Da Bus Co., Ltd. to enhance manufacturing and sales for the Beijing, Tianjin, and Hebei markets. This strategic move aims to accelerate growth in the emerging clean energy sector.
China Yuchai International Limited (NYSE: CYD) announced that its YC6GN natural gas engines will exclusively power 800 Ankai buses shipped to Monterrey, Mexico. This move aligns with Monterrey's initiative to replace traditional buses with environmentally friendly options due to its growing urban population. The YC6GN engine, a 7.8-liter heavy-duty model, complies with Euro V and Chinese National-V emission standards. Previously, these engines performed well in Chihuahua, Mexico, gaining positive feedback from local transportation officials. This order marks a significant step in Yuchai's expansion into global markets.
China Yuchai International Limited (NYSE: CYD) reported its unaudited financial results for FY 2021, showing a revenue increase of 3.3% to RMB 21.3 billion (US$ 3.3 billion). However, net profit dropped to RMB 272.7 million (US$ 42.8 million), down from RMB 548.9 million in FY 2020. In 2H 2021, revenue fell to RMB 8.6 billion (US$ 1.4 billion), a decline of 18.9% year-over-year. The total number of engines sold decreased by 21.0% to 171,449 units. The company plans to diversify its product portfolio despite challenges in the truck market.
China Yuchai International Limited (NYSE: CYD) will release its 2021 unaudited second half and annual financial results on February 24, 2022, before market opening. A conference call for investors will take place at 8:00 A.M. EST, featuring President Weng Ming Hoh and CFO Choon Sen Loo discussing the financial results and business outlook, followed by a Q&A session. Analysts can join via specific dial-in numbers, while the public can access a webcast on the company's investor relations site.
China Yuchai International Limited (NYSE: CYD) has established a new wholly owned subsidiary, Jiangsu UniTrump Power Technology Co., Ltd., with a registered capital of RMB 10 million. This subsidiary will assist in advancing Yuchai's research and development initiatives in Suzhou. China Yuchai, through its main subsidiary Guangxi Yuchai Machinery Company Limited (GYMCL), is a prominent manufacturer and distributor of engines in China, producing a range of engine types for various applications. GYMCL sold 430,320 engines in 2020, reinforcing its market position.
China Yuchai International Limited (NYSE: CYD) announced the successful demonstration of its YCK05 hydrogen-powered engine, marking it as the first operational hydrogen engine for China's commercial vehicle market. This engine showcases advanced technologies including high-pressure inlet air injection and low-inertia turbocharging. The company aims to leverage its internal combustion engine expertise to facilitate large-scale production of hydrogen engines for diverse applications, contributing to China's environmental goals.
China Yuchai International Limited (NYSE: CYD) announced the incorporation of a new wholly owned subsidiary, Guangxi Yuchai Deyou Engine Systems Co., Ltd., on December 22, 2021, with a registered capital of RMB 20 million. This subsidiary will assume operations of GYMCL's marine and power generation division, rebranded as Guangxi Yuchai Marine and Genset Power Co., Ltd. China Yuchai, through its subsidiary GYMCL, is a leader in manufacturing various engines in China, having sold 430,320 engines in 2020.
China Yuchai International Limited (CYD) announced two innovative powertrain systems at the 2021 China International Agricultural Machinery Exhibition. The IE-Power hybrid powertrain, designed for heavy-duty tractors, boosts performance by 10%-30% while lowering fuel consumption. YCK16, a diesel engine suitable for large agricultural applications, offers 580-775 horsepower and complies with National VI emissions standards. President Weng Ming Hoh highlighted the company's commitment to technologies that meet growing agricultural demands, indicating a strategic advantage in a transitioning market.
China Yuchai International Limited (NYSE: CYD) announced a collaboration through its subsidiary, Yuchai Xin-Lan New Energy Power Technology, with Beijing Xing Shun Da Bus Co., Ltd. to develop hydrogen energy applications in Beijing, Tianjin, and Hebei. This initiative includes forming a joint venture to manufacture fuel cell powertrain systems for diverse applications. President Weng Ming Hoh emphasized the project's alignment with increasing energy demand and sustainable solutions.
China Yuchai International Limited (NYSE: CYD) announced a partnership with the Government of Nanning Municipality to enhance production capacity for new energy technologies. This initiative is spearheaded through the establishment of Yuchai Xin-Lan New Energy Power Technology Co., Ltd. with an investment of RMB 500 million. The project focuses on developing hydrogen fuel cell buses and electric power technologies for various sectors including public transportation and logistics, marking a significant step towards sustainable energy solutions.
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