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 (NYSE: CYD) news covers developments from one of China's major engine manufacturers. Through its subsidiary Guangxi Yuchai, the company produces diesel and natural gas engines for commercial vehicles, buses, industrial equipment, and power generation applications.
News from China Yuchai typically includes product launches spanning new engine platforms, partnerships with international technology companies, and export developments as the company expands its presence in global markets. Financial announcements follow the reporting calendar of a foreign private issuer listed on the New York Stock Exchange.
The company's news flow reflects its position in the commercial vehicle powertrain sector, where manufacturers balance domestic Chinese market dynamics with international expansion opportunities. Coverage includes updates on natural gas engine adoption, high-horsepower industrial applications, and foundry operations serving international customers.
Follow this page for earnings releases, dividend announcements, strategic partnerships, new product introductions, and corporate governance updates from China Yuchai International.
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.
China Yuchai International Limited (NYSE: CYD) reported a 26.8% increase in revenue for the first half of 2021, reaching RMB 12.6 billion (US$ 2.0 billion). While gross profit rose to RMB 1.6 billion (US$ 251.4 million), the gross margin fell to 12.9% from 14.8% the previous year. Operating profit decreased by 18.5% to RMB 499.8 million (US$ 77.4 million), translating to earnings per share of RMB 6.21 (US$ 0.96), down from RMB 7.48. Total engines sold increased by 33.8% to 285,342 units, and cash dividends of US$1.70 per share were paid in July 2021.
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