{"success":true,"data":{"pressRelease":{"id":"112570","rtpr_id":"nPn3lSYMga","ticker":"CYD","exchange":"NYSE","all_tickers":["CYD"],"title":"China Yuchai International Announces Unaudited 2026 First Half-Year Financial Results","author":"PR Newswire","published_at":"2026-08-07T10:00:00.666Z","article_body":"China Yuchai International Announces Unaudited 2026 First Half-Year Financial Results\n\nPR Newswire\n\nSINGAPORE, Aug. 7, 2026\n\nSINGAPORE, Aug. 7, 2026 /PRNewswire/ -- China Yuchai International\nLimited (NYSE: CYD) (\"China Yuchai International\" or the \"Company\"), one of\nthe largest powertrain solution manufacturers through its main operating\nsubsidiary in China, Guangxi Yuchai Machinery Company Limited (\"Yuchai\"),\nannounces today its unaudited consolidated financial results for the first\nhalf-year ended June 30, 2026 (\"1H 2026\"). The financial information presented\nherein for 1H 2026 and the first half-year of 2025 (\"1H 2025\") is reported\nusing the IFRS Accounting Standards as issued by the International Accounting\nStandards Board.\n\nFinancial Highlights for 1H 2026\n\n * Revenue increased by 13.9% to RMB 14.7 billion (US$2.2 billion) compared\nwith RMB 12.9 billion in 1H 2025;\n * Gross profit increased by 36.5% to RMB 2.5 billion (US$368.7 million) compared\nwith RMB 1.8 billion in 1H 2025. Gross margin was 17.1% in 1H 2026 compared\nwith 14.3% in 1H 2025;\n * Operating profit increased by 58.9% to RMB 988.2 million (US$145.1 million)\ncompared with RMB 621.7 million in 1H 2025;\n * Profit for the period increased by 57.4% to RMB 841.8 million (US$123.6\nmillion) compared with RMB 534.8 million in 1H 2025;\n * Profit attributable to CYD shareholders rose by 53.2% to RMB 560.6 million\n(US$82.3 million) compared with RMB 365.8 million in 1H 2025;\n * Basic earnings per share were 53.2% higher at RMB 14.94 (US$2.19) compared\nwith RMB 9.75 in 1H 2025. Diluted earnings per share were RMB 14.81 (US$2.17)\nin 1H 2026;\n * Total number of engines sold increased by 10.9% to 277,684 units compared with\n250,396 units in 1H 2025.\nRevenue was RMB 14.7 billion (US$2.2 billion) compared with RMB 12.9 billion\nin 1H 2025, a 13.9% year-over-year (\"YoY\") growth.\n\nEngine sales reached 277,684 units in 1H 2026, an increase of 10.9% compared\nwith 250,396 units in 1H 2025. This growth was driven by stronger performance\nin the truck segment, as well as in off–road applications, particularly\nconstruction machinery and marine & power generation.\n\nTotal truck engine unit sales were up 20.4% YoY in 1H 2026, outperforming the\n5.8% YoY growth in overall commercial truck (excluding gasoline and electric\nvehicles) sales reported by the China Association of Automobile Manufacturers\n(\"CAAM\") in the same period. Heavy–duty (\"HD\") truck engine unit sales\nincreased by 47.3% YoY, compared with the 13.1% YoY growth in HD truck sales\nreported by CAAM. Light–duty (\"LD\") truck engine unit sales rose by 23.6%,\ncontrasted with a decline in LD truck sales according to CAAM. Medium–duty\ntruck engine unit sales also grew 7.9% YoY.\n\nEngine unit sales to off–road markets increased by 7.7% YoY in 1H 2026. The\ngrowth was primarily driven by strong demand in the marine and power\ngeneration markets, where engine unit sales increased by 42% YoY. Sales for\nindustrial applications rose by 15.8% YoY, while engine sales for\nagricultural machinery declined by 18.9% in the same period.\n\nGross profit increased by 36.5% to RMB 2.5 billion (US$368.7 million), from\nRMB 1.8 billion in 1H 2025. The increase was mainly due to higher sales\nvolume, better sales mix and reduced warranty expenses. Overall gross margin\nwas 17.1% in 1H 2026 compared with 14.3% in 1H 2025. Increased sales of larger\nengines enhanced the gross profit margin in 1H 2026 YoY.\n\nOther operating income, net decreased by 32.2% to RMB 150.2 million (US$22.1\nmillion), compared with RMB 221.4 million in 1H 2025. The decrease was mainly\nattributable to lower government grants, and the absence of technology\nlicensing fees income in 1H 2026 as compared with that of 1H 2025.\n\nResearch and development (\"R&D\") expenses increased by 24.5% to RMB 593.4\nmillion (US$87.1 million), compared with RMB 476.7 million in 1H 2025, due to\nhigher experimental and personnel costs and a lower level of capitalized\nproject costs. Total R&D expenditures, including capitalized costs,\nwere RMB 622.5 million (US$91.4 million), representing 4.2% of revenue in 1H\n2026, as compared to RMB 551.7 million and 4.3% of revenue in 1H 2025.\n\nSelling, general and administrative (\"SG&A\") expenses increased by 12.2%\nto RMB 1.1 billion (US$158.5 million), from RMB 962.5 million in 1H 2025. This\nincrease was driven by higher personnel expenses and legal, professional\n& consultancy fees compared with 1H 2025. SG&A expenses represented\n7.4% of revenue for 1H 2026 compared with 7.5% of revenue in 1H 2025.\n\nOperating profit increased by 58.9% to RMB 988.2 million (US$145.1 million),\ncompared to RMB 621.7 million in 1H 2025. The operating margin increased to\n6.7%, in contrast with 4.8% in 1H 2025. Higher operating profit and operating\nmargin were achieved by increased sales and gross margin combined with\ncontrolled growth in operating expenses.\n\nFinance costs decreased by 16.0% to RMB 27.0 million (US$4.0 million),\ncompared with RMB 32.2 million in 1H 2025, primarily due to reduced term loans\nduring the period.\n\nThe share of financial results of the associates and joint ventures grew by\n56.2% to a profit of RMB 95.9 million (US$14.1 million), compared with RMB\n61.4 million in 1H 2025. The increase was mainly driven by higher profits\nat MTU Yuchai Power Company Limited (\"MTU JV\").\n\nIncome tax expense increased by 85.3% to RMB 215.3 million (US$31.6 million),\ncompared with RMB 116.2 million in 1H 2025, primarily due to higher profits\nand the utilization of deferred tax assets. The effective income tax rate\nincreased to 20.4% compared with 17.8% in 1H 2025.\n\nNet profit attributable to equity holders of the Company increased by 53.2% to\nRMB 560.6 million (US$82.3 million), compared with RMB 365.8 million in 1H\n2025.\n\nBasic earnings per share were RMB 14.94 (US$2.19) compared with RMB 9.75 in 1H\n2025, both based on a weighted average of 37,518,322 shares. Diluted earnings\nper share were RMB 14.81 (US$2.17) based on a weighted average of 37,845,508\nshares, compared with RMB 9.75 based on a weighted average of 37,518,322\nshares in 1H 2025. The Company adopted the China Yuchai International Limited\n2025 Equity Incentive Plan with a duration of 10 years, and granted share\noptions in August 2025 and December 2025 respectively, with a total of 820,000\nshare options granted as of December 31, 2025. No comparable share options\nwere granted in 1H 2025.\n\nBalance Sheet Highlights as at June 30, 2026\n\n * Cash and bank balances were RMB 8.1 billion (US$1.2 billion) compared with RMB\n7.9 billion at the end of 2025;\n * Trade and bills receivables were RMB 14.1 billion (US$2.1 billion) compared\nwith RMB 11.0 billion at the end of 2025;\n * Inventories were RMB 5.8 billion (US$844.5 million) compared with RMB 5.6\nbillion at the end of 2025;\n * Trade and bills payables were RMB 13.2 billion (US$1.9 billion) compared with\nRMB 11.6 billion at the end of 2025;\n * Short-term and long-term loans and borrowings were RMB 1.4 billion (US$210.1\nmillion) compared with RMB 2.0 billion at the end of 2025.\nMr. Weng Ming Hoh, President of China Yuchai International, commented, \"Our\nrevenue witnessed a 13.9% YoY increase to RMB 14.7 billion (US$2.2 billion),\nwith a 10.9% YoY increase in unit sales to 277,684 units. Our higher sales of\nlarger engines improved both our average selling price and profitability as\nour diluted earnings per share grew by 51.9% to US$2.17.\"\n\n\"For 1H 2026, our marine and power generation business recorded strong growth,\nwith unit sales rising 42% YoY to 44,544 units. Sales to AI data centers by\nthe MTU JV and Yuchai's own brand totaled approximately 1,800 units.\"\n\n\"We continued to introduce new innovative products in 1H 2026. Commercial\nminibuses equipped with Yuchai's YCY24-65kW Flywheel Range Extender System\n(YC-FRS) were launched in Hong Kong. This new technology seamlessly integrates\nflywheel, engine crankshaft and alternator into a single unit designed for\ncity transportation vehicles.\"\n\n\"We acquired a 27.97% equity interest in Nanyue Fuel Injection Systems Co.,\nLtd (previously known as Nanyue Diankong (Hengyang) Industrial Technology\nCompany Limited) (\"NYDK\") and became the second-largest shareholder of NYDK.\nWe entered into a concerted action agreement with the largest shareholder\nof NYDK and secured operational control over NYDK. NYDK is a national\nhigh-tech and industry leader specializing in fuel injection systems covering\ncommon rail systems, unit pumps and mechanical pumps. This acquisition helps\nsecure the supply of our key powertrain components.\"\n\n\"At the end of June 2026, cash and bank balances totaled approximately US$1.2\nbillion, despite lower borrowings. Our solid financial position continues to\nempower Yuchai's ongoing investment in new product development, and further\nestablishment of our presence in selected international markets to support\nfuture growth. To enhance shareholder returns, a cash dividend of US$0.87 per\nordinary share for 2025 was paid in July 2026, compared with US$0.53 per\nordinary share for 2024, paid in 2025,\" Mr. Hoh concluded.\n\nExchange Rate Information\n\nThe Company's functional currency is the U.S. dollar and its reporting\ncurrency is Renminbi. The translation of amounts from Renminbi to U.S.\ndollars is solely for the convenience of the reader. Translation of amounts\nfrom Renminbi to U.S. dollars has been made at the rate of RMB 6.8109 =\nUS$1.00, the rate quoted by the People's Bank of China at the close of\nbusiness on June 30, 2026. No representation is made that the Renminbi\namounts could have been, or could be, converted into U.S. dollars at that rate\nor at any other certain rate on June 30, 2026 or at any other date.\n\nUnaudited 1H 2026 Conference Call\n\nA conference call and audio webcast for the investment community has been\nscheduled for 8:00 A.M. Eastern Daylight Time on August 7, 2026. The call will\nbe hosted by the President and Chief Financial Officer of China Yuchai\nInternational, Mr. Weng Ming Hoh and Mr. Choon Sen Loo, respectively, who will\npresent and discuss the financial results of the Company followed by a Q&A\nsession.\n\nAnalysts and institutional investors may participate in the conference call by\nregistering at:\nhttps://register-conf.media-server.com/register/BIc272d6a9866e4edf9de866564468c2d6\n(https://register-conf.media-server.com/register/BIc272d6a9866e4edf9de866564468c2d6)\n at least one hour before the scheduled start time. A reply email will be\nsent with instructions and phone numbers to join the call.\n\nFor all other interested parties, a simultaneous webcast can be accessed at\nthe investor relations section of the Company's website located at\nhttp://www.cyilimited.com (http://www.cyilimited.com/) . Participants are\nencouraged to join the webcast at least 10 minutes prior to the scheduled\nstart time. The recorded webcast will be available on the website shortly\nafter the earnings call.\n\nAbout China Yuchai International\n\nChina Yuchai International, through its principal operating subsidiary,\nGuangxi Yuchai Machinery Company Limited (\"Yuchai\"), is one of the leading\npowertrain solutions manufacturers in China. Founded in 1951, Yuchai maintains\na reputable brand name, a strong research and development team, and a\nsignificant market share in China. Yuchai specializes in the design,\nmanufacture, and sale of light-, medium- and heavy-duty engines for trucks,\nbuses, pickups, construction and agricultural machinery, and marine and power\ngeneration applications. It delivers a comprehensive portfolio of powertrain\nsolutions, spanning traditional diesel and natural gas engines to alternate\nfuels and new energy products, including pure electric, range extenders,\nhybrid, and fuel cell systems. Through an extensive network of regional sales\noffices and authorized customer service centers, Yuchai distributes engines\ndirectly to auto OEMs and distributors while providing after-sales services\nacross China and globally. In 2025, Yuchai sold 461,309 engines and reported\ntotal revenue of RMB 24.6 billion. For more information, please visit\nhttp://www.cyilimited.com (http://www.cyilimited.com/) .\n\nSafe Harbor Statement:\n\nThis news release may contain forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. The words \"believe\",\n\"expect\", \"anticipate\", \"project\", \"targets\", \"optimistic\", \"confident that\",\n\"continue to\", \"predict\", \"intend\", \"aim\", \"will\" or similar expressions are\nintended to identify forward-looking statements. All statements other than\nstatements of historical fact are statements that may be deemed\nforward-looking statements. These forward-looking statements, including, but\nnot limited to, statements concerning China Yuchai International's and the\njoint ventures' operations, financial performance and condition, are based on\ncurrent expectations, beliefs and assumptions which are subject to change at\nany time. China Yuchai International cautions that these statements by their\nnature involve risks and uncertainties, and actual results may differ\nmaterially depending on a variety of important factors such as government and\nstock exchange regulations, competition, political, economic and social\nconditions around the world and in China, including those discussed in the\nCompany's Form 20-Fs under the headings \"Risk Factors\", \"Results of\nOperations\" and \"Business Overview\" and other reports filed with the\nSecurities and Exchange Commission from time to time. All forward-looking\nstatements are applicable only as of the date they are made and China Yuchai\nInternational specifically disclaims any obligation to maintain or update the\nforward-looking information, whether of the nature contained in this release\nor otherwise, in the future.\n\nFor more information:\n\nInvestor Relations\nKevin Theiss\nTel: +1-212-510-8922\nEmail: cyd@bluefocus.com (mailto:cyd@bluefocus.com)\n\n-- Tables Follow –\n\n \n CHINA YUCHAI INTERNATIONAL LIMITED\n\nUNAUDITED CONSOLIDATED INCOME STATEMENTS\n\nFor the first half-years ended June 30, 2026 and 2025\n (RMB and US$ amounts expressed in thousands, except per share data)\n\n                                                       First Half of 2026         First Half of 2025\n                                                       RMB '000      US$ '000     RMB '000          US$ '000\n Revenue*                                              14,666,429    2,153,376    12,877,928        1,890,782\n Cost of sales *                                       (12,155,207)  (1,784,670)  (11,038,464)      (1,620,706)\n Gross profit                                          2,511,222     368,706      1,839,464         270,076\n Other operating income, net                           150,201       22,053       221,436           32,512\n Research and development expenses                     (593,402)     (87,125)     (476,693)         (69,990)\n Selling, general and administrative expenses          (1,079,811)   (158,542)    (962,491)         (141,316)\n Operating profit                                      988,210       145,092      621,716           91,282\n Finance costs                                         (27,044)      (3,971)      (32,194)          (4,727)\n Share of results of associates and joint ventures **  95,907        14,081       61,407            9,016\n Profit before tax                                     1,057,073     155,202      650,929           95,571\n Income tax expense                                    (215,272)     (31,607)     (116,159)         (17,055)\n Profit for the period                                 841,801       123,595      534,770           78,516\n Attributable to:\n Equity holders of the Company                         560,602       82,309       365,790           53,706\n Non-controlling interests                             281,199       41,286       168,980           24,810\n                                                       841,801       123,595      534,770           78,516\n Earnings per share\n - Basic                                               14.94         2.19         9.75              1.43\n - Diluted                                             14.81         2.17         9.75              1.43\n Unit sales                                            277,684                    250,396\n\n Note:\n\n* As disclosed in the Company's 2025 Second Half-Year and Full Year Financial\n results announcement,\n\nRevenue and Cost of Sales for first half of 2025 were adjusted downwards\n by RMB 928,239 thousand\n\nto RMB 12,877,928 thousand with the corresponding cost of sales reduced by\n RMB 928,239 thousand\n\nto RMB 11,038,464 thousand. There were no changes to the Gross Profit,\n Operating Profit, Profit\n\nbefore tax and Profit for the period.\n\n** NYDK's financial results for the three months ended March 31, 2026 were\n reflected in the share of\n\nresults of associates and joint ventures. NYDK's financial results have been\n consolidated since April\n\n1, 2026 following Yuchai's acquisition of control over NYDK on March 31,\n 2026. The assets and\n\nliabilities relating to NYDK as at December 31, 2025 and June 30, 2026 have\n been recognized based\n\non their provisional values.\n\n \n\n \n CHINA YUCHAI INTERNATIONAL LIMITED\n\nSELECTED UNAUDITED CONSOLIDATED FINANCIAL POSITION ITEMS\n\nFor the periods ended June 30, 2026 and December 31, 2025\n\n(RMB and US$ amounts expressed in thousands)\n\n                                                       June 30, 2026          December 31, 2025\n                                                       (Unaudited)\n(Audited)\n                                                       RMB '000    US$ '000   RMB '000\n Cash and bank balances                                8,101,695   1,189,519  7,913,083\n Trade and bills receivables                           14,053,750  2,063,420  11,005,377\n Inventories                                           5,751,490   844,454    5,565,489\n Trade and bills payables                              13,203,865  1,938,637  11,648,031\n Short-term and long-term loans and borrowings         1,430,682   210,058    2,020,020\n Equity attributable to equity holders of the Company  10,157,545  1,491,366  9,580,961\n\n \n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/china-yuchai-international-announces-unaudited-2026-first-half-year-financial-results-302845952.html\n(https://www.prnewswire.com/news-releases/china-yuchai-international-announces-unaudited-2026-first-half-year-financial-results-302845952.html)\n\nSOURCE China Yuchai International\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3lSYMga","title":"China Yuchai International Announces Unaudited 2026 First Half-Year Financial Results","author":"PR Newswire","ticker":"CYD","created":"2026-08-07T10:00:00.666Z","tickers":["CYD"],"exchange":"NYSE","article_body":"China Yuchai International Announces Unaudited 2026 First Half-Year Financial Results\n\nPR Newswire\n\nSINGAPORE, Aug. 7, 2026\n\nSINGAPORE, Aug. 7, 2026 /PRNewswire/ -- China Yuchai International\nLimited (NYSE: CYD) (\"China Yuchai International\" or the \"Company\"), one of\nthe largest powertrain solution manufacturers through its main operating\nsubsidiary in China, Guangxi Yuchai Machinery Company Limited (\"Yuchai\"),\nannounces today its unaudited consolidated financial results for the first\nhalf-year ended June 30, 2026 (\"1H 2026\"). The financial information presented\nherein for 1H 2026 and the first half-year of 2025 (\"1H 2025\") is reported\nusing the IFRS Accounting Standards as issued by the International Accounting\nStandards Board.\n\nFinancial Highlights for 1H 2026\n\n * Revenue increased by 13.9% to RMB 14.7 billion (US$2.2 billion) compared\nwith RMB 12.9 billion in 1H 2025;\n * Gross profit increased by 36.5% to RMB 2.5 billion (US$368.7 million) compared\nwith RMB 1.8 billion in 1H 2025. Gross margin was 17.1% in 1H 2026 compared\nwith 14.3% in 1H 2025;\n * Operating profit increased by 58.9% to RMB 988.2 million (US$145.1 million)\ncompared with RMB 621.7 million in 1H 2025;\n * Profit for the period increased by 57.4% to RMB 841.8 million (US$123.6\nmillion) compared with RMB 534.8 million in 1H 2025;\n * Profit attributable to CYD shareholders rose by 53.2% to RMB 560.6 million\n(US$82.3 million) compared with RMB 365.8 million in 1H 2025;\n * Basic earnings per share were 53.2% higher at RMB 14.94 (US$2.19) compared\nwith RMB 9.75 in 1H 2025. Diluted earnings per share were RMB 14.81 (US$2.17)\nin 1H 2026;\n * Total number of engines sold increased by 10.9% to 277,684 units compared with\n250,396 units in 1H 2025.\nRevenue was RMB 14.7 billion (US$2.2 billion) compared with RMB 12.9 billion\nin 1H 2025, a 13.9% year-over-year (\"YoY\") growth.\n\nEngine sales reached 277,684 units in 1H 2026, an increase of 10.9% compared\nwith 250,396 units in 1H 2025. This growth was driven by stronger performance\nin the truck segment, as well as in off–road applications, particularly\nconstruction machinery and marine & power generation.\n\nTotal truck engine unit sales were up 20.4% YoY in 1H 2026, outperforming the\n5.8% YoY growth in overall commercial truck (excluding gasoline and electric\nvehicles) sales reported by the China Association of Automobile Manufacturers\n(\"CAAM\") in the same period. Heavy–duty (\"HD\") truck engine unit sales\nincreased by 47.3% YoY, compared with the 13.1% YoY growth in HD truck sales\nreported by CAAM. Light–duty (\"LD\") truck engine unit sales rose by 23.6%,\ncontrasted with a decline in LD truck sales according to CAAM. Medium–duty\ntruck engine unit sales also grew 7.9% YoY.\n\nEngine unit sales to off–road markets increased by 7.7% YoY in 1H 2026. The\ngrowth was primarily driven by strong demand in the marine and power\ngeneration markets, where engine unit sales increased by 42% YoY. Sales for\nindustrial applications rose by 15.8% YoY, while engine sales for\nagricultural machinery declined by 18.9% in the same period.\n\nGross profit increased by 36.5% to RMB 2.5 billion (US$368.7 million), from\nRMB 1.8 billion in 1H 2025. The increase was mainly due to higher sales\nvolume, better sales mix and reduced warranty expenses. Overall gross margin\nwas 17.1% in 1H 2026 compared with 14.3% in 1H 2025. Increased sales of larger\nengines enhanced the gross profit margin in 1H 2026 YoY.\n\nOther operating income, net decreased by 32.2% to RMB 150.2 million (US$22.1\nmillion), compared with RMB 221.4 million in 1H 2025. The decrease was mainly\nattributable to lower government grants, and the absence of technology\nlicensing fees income in 1H 2026 as compared with that of 1H 2025.\n\nResearch and development (\"R&D\") expenses increased by 24.5% to RMB 593.4\nmillion (US$87.1 million), compared with RMB 476.7 million in 1H 2025, due to\nhigher experimental and personnel costs and a lower level of capitalized\nproject costs. Total R&D expenditures, including capitalized costs,\nwere RMB 622.5 million (US$91.4 million), representing 4.2% of revenue in 1H\n2026, as compared to RMB 551.7 million and 4.3% of revenue in 1H 2025.\n\nSelling, general and administrative (\"SG&A\") expenses increased by 12.2%\nto RMB 1.1 billion (US$158.5 million), from RMB 962.5 million in 1H 2025. This\nincrease was driven by higher personnel expenses and legal, professional\n& consultancy fees compared with 1H 2025. SG&A expenses represented\n7.4% of revenue for 1H 2026 compared with 7.5% of revenue in 1H 2025.\n\nOperating profit increased by 58.9% to RMB 988.2 million (US$145.1 million),\ncompared to RMB 621.7 million in 1H 2025. The operating margin increased to\n6.7%, in contrast with 4.8% in 1H 2025. Higher operating profit and operating\nmargin were achieved by increased sales and gross margin combined with\ncontrolled growth in operating expenses.\n\nFinance costs decreased by 16.0% to RMB 27.0 million (US$4.0 million),\ncompared with RMB 32.2 million in 1H 2025, primarily due to reduced term loans\nduring the period.\n\nThe share of financial results of the associates and joint ventures grew by\n56.2% to a profit of RMB 95.9 million (US$14.1 million), compared with RMB\n61.4 million in 1H 2025. The increase was mainly driven by higher profits\nat MTU Yuchai Power Company Limited (\"MTU JV\").\n\nIncome tax expense increased by 85.3% to RMB 215.3 million (US$31.6 million),\ncompared with RMB 116.2 million in 1H 2025, primarily due to higher profits\nand the utilization of deferred tax assets. The effective income tax rate\nincreased to 20.4% compared with 17.8% in 1H 2025.\n\nNet profit attributable to equity holders of the Company increased by 53.2% to\nRMB 560.6 million (US$82.3 million), compared with RMB 365.8 million in 1H\n2025.\n\nBasic earnings per share were RMB 14.94 (US$2.19) compared with RMB 9.75 in 1H\n2025, both based on a weighted average of 37,518,322 shares. Diluted earnings\nper share were RMB 14.81 (US$2.17) based on a weighted average of 37,845,508\nshares, compared with RMB 9.75 based on a weighted average of 37,518,322\nshares in 1H 2025. The Company adopted the China Yuchai International Limited\n2025 Equity Incentive Plan with a duration of 10 years, and granted share\noptions in August 2025 and December 2025 respectively, with a total of 820,000\nshare options granted as of December 31, 2025. No comparable share options\nwere granted in 1H 2025.\n\nBalance Sheet Highlights as at June 30, 2026\n\n * Cash and bank balances were RMB 8.1 billion (US$1.2 billion) compared with RMB\n7.9 billion at the end of 2025;\n * Trade and bills receivables were RMB 14.1 billion (US$2.1 billion) compared\nwith RMB 11.0 billion at the end of 2025;\n * Inventories were RMB 5.8 billion (US$844.5 million) compared with RMB 5.6\nbillion at the end of 2025;\n * Trade and bills payables were RMB 13.2 billion (US$1.9 billion) compared with\nRMB 11.6 billion at the end of 2025;\n * Short-term and long-term loans and borrowings were RMB 1.4 billion (US$210.1\nmillion) compared with RMB 2.0 billion at the end of 2025.\nMr. Weng Ming Hoh, President of China Yuchai International, commented, \"Our\nrevenue witnessed a 13.9% YoY increase to RMB 14.7 billion (US$2.2 billion),\nwith a 10.9% YoY increase in unit sales to 277,684 units. Our higher sales of\nlarger engines improved both our average selling price and profitability as\nour diluted earnings per share grew by 51.9% to US$2.17.\"\n\n\"For 1H 2026, our marine and power generation business recorded strong growth,\nwith unit sales rising 42% YoY to 44,544 units. Sales to AI data centers by\nthe MTU JV and Yuchai's own brand totaled approximately 1,800 units.\"\n\n\"We continued to introduce new innovative products in 1H 2026. Commercial\nminibuses equipped with Yuchai's YCY24-65kW Flywheel Range Extender System\n(YC-FRS) were launched in Hong Kong. This new technology seamlessly integrates\nflywheel, engine crankshaft and alternator into a single unit designed for\ncity transportation vehicles.\"\n\n\"We acquired a 27.97% equity interest in Nanyue Fuel Injection Systems Co.,\nLtd (previously known as Nanyue Diankong (Hengyang) Industrial Technology\nCompany Limited) (\"NYDK\") and became the second-largest shareholder of NYDK.\nWe entered into a concerted action agreement with the largest shareholder\nof NYDK and secured operational control over NYDK. NYDK is a national\nhigh-tech and industry leader specializing in fuel injection systems covering\ncommon rail systems, unit pumps and mechanical pumps. This acquisition helps\nsecure the supply of our key powertrain components.\"\n\n\"At the end of June 2026, cash and bank balances totaled approximately US$1.2\nbillion, despite lower borrowings. Our solid financial position continues to\nempower Yuchai's ongoing investment in new product development, and further\nestablishment of our presence in selected international markets to support\nfuture growth. To enhance shareholder returns, a cash dividend of US$0.87 per\nordinary share for 2025 was paid in July 2026, compared with US$0.53 per\nordinary share for 2024, paid in 2025,\" Mr. Hoh concluded.\n\nExchange Rate Information\n\nThe Company's functional currency is the U.S. dollar and its reporting\ncurrency is Renminbi. The translation of amounts from Renminbi to U.S.\ndollars is solely for the convenience of the reader. Translation of amounts\nfrom Renminbi to U.S. dollars has been made at the rate of RMB 6.8109 =\nUS$1.00, the rate quoted by the People's Bank of China at the close of\nbusiness on June 30, 2026. No representation is made that the Renminbi\namounts could have been, or could be, converted into U.S. dollars at that rate\nor at any other certain rate on June 30, 2026 or at any other date.\n\nUnaudited 1H 2026 Conference Call\n\nA conference call and audio webcast for the investment community has been\nscheduled for 8:00 A.M. Eastern Daylight Time on August 7, 2026. The call will\nbe hosted by the President and Chief Financial Officer of China Yuchai\nInternational, Mr. Weng Ming Hoh and Mr. Choon Sen Loo, respectively, who will\npresent and discuss the financial results of the Company followed by a Q&A\nsession.\n\nAnalysts and institutional investors may participate in the conference call by\nregistering at:\nhttps://register-conf.media-server.com/register/BIc272d6a9866e4edf9de866564468c2d6\n(https://register-conf.media-server.com/register/BIc272d6a9866e4edf9de866564468c2d6)\n at least one hour before the scheduled start time. A reply email will be\nsent with instructions and phone numbers to join the call.\n\nFor all other interested parties, a simultaneous webcast can be accessed at\nthe investor relations section of the Company's website located at\nhttp://www.cyilimited.com (http://www.cyilimited.com/) . Participants are\nencouraged to join the webcast at least 10 minutes prior to the scheduled\nstart time. The recorded webcast will be available on the website shortly\nafter the earnings call.\n\nAbout China Yuchai International\n\nChina Yuchai International, through its principal operating subsidiary,\nGuangxi Yuchai Machinery Company Limited (\"Yuchai\"), is one of the leading\npowertrain solutions manufacturers in China. Founded in 1951, Yuchai maintains\na reputable brand name, a strong research and development team, and a\nsignificant market share in China. Yuchai specializes in the design,\nmanufacture, and sale of light-, medium- and heavy-duty engines for trucks,\nbuses, pickups, construction and agricultural machinery, and marine and power\ngeneration applications. It delivers a comprehensive portfolio of powertrain\nsolutions, spanning traditional diesel and natural gas engines to alternate\nfuels and new energy products, including pure electric, range extenders,\nhybrid, and fuel cell systems. Through an extensive network of regional sales\noffices and authorized customer service centers, Yuchai distributes engines\ndirectly to auto OEMs and distributors while providing after-sales services\nacross China and globally. In 2025, Yuchai sold 461,309 engines and reported\ntotal revenue of RMB 24.6 billion. For more information, please visit\nhttp://www.cyilimited.com (http://www.cyilimited.com/) .\n\nSafe Harbor Statement:\n\nThis news release may contain forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. The words \"believe\",\n\"expect\", \"anticipate\", \"project\", \"targets\", \"optimistic\", \"confident that\",\n\"continue to\", \"predict\", \"intend\", \"aim\", \"will\" or similar expressions are\nintended to identify forward-looking statements. All statements other than\nstatements of historical fact are statements that may be deemed\nforward-looking statements. These forward-looking statements, including, but\nnot limited to, statements concerning China Yuchai International's and the\njoint ventures' operations, financial performance and condition, are based on\ncurrent expectations, beliefs and assumptions which are subject to change at\nany time. China Yuchai International cautions that these statements by their\nnature involve risks and uncertainties, and actual results may differ\nmaterially depending on a variety of important factors such as government and\nstock exchange regulations, competition, political, economic and social\nconditions around the world and in China, including those discussed in the\nCompany's Form 20-Fs under the headings \"Risk Factors\", \"Results of\nOperations\" and \"Business Overview\" and other reports filed with the\nSecurities and Exchange Commission from time to time. All forward-looking\nstatements are applicable only as of the date they are made and China Yuchai\nInternational specifically disclaims any obligation to maintain or update the\nforward-looking information, whether of the nature contained in this release\nor otherwise, in the future.\n\nFor more information:\n\nInvestor Relations\nKevin Theiss\nTel: +1-212-510-8922\nEmail: cyd@bluefocus.com (mailto:cyd@bluefocus.com)\n\n-- Tables Follow –\n\n \n CHINA YUCHAI INTERNATIONAL LIMITED\n\nUNAUDITED CONSOLIDATED INCOME STATEMENTS\n\nFor the first half-years ended June 30, 2026 and 2025\n (RMB and US$ amounts expressed in thousands, except per share data)\n\n                                                       First Half of 2026         First Half of 2025\n                                                       RMB '000      US$ '000     RMB '000          US$ '000\n Revenue*                                              14,666,429    2,153,376    12,877,928        1,890,782\n Cost of sales *                                       (12,155,207)  (1,784,670)  (11,038,464)      (1,620,706)\n Gross profit                                          2,511,222     368,706      1,839,464         270,076\n Other operating income, net                           150,201       22,053       221,436           32,512\n Research and development expenses                     (593,402)     (87,125)     (476,693)         (69,990)\n Selling, general and administrative expenses          (1,079,811)   (158,542)    (962,491)         (141,316)\n Operating profit                                      988,210       145,092      621,716           91,282\n Finance costs                                         (27,044)      (3,971)      (32,194)          (4,727)\n Share of results of associates and joint ventures **  95,907        14,081       61,407            9,016\n Profit before tax                                     1,057,073     155,202      650,929           95,571\n Income tax expense                                    (215,272)     (31,607)     (116,159)         (17,055)\n Profit for the period                                 841,801       123,595      534,770           78,516\n Attributable to:\n Equity holders of the Company                         560,602       82,309       365,790           53,706\n Non-controlling interests                             281,199       41,286       168,980           24,810\n                                                       841,801       123,595      534,770           78,516\n Earnings per share\n - Basic                                               14.94         2.19         9.75              1.43\n - Diluted                                             14.81         2.17         9.75              1.43\n Unit sales                                            277,684                    250,396\n\n Note:\n\n* As disclosed in the Company's 2025 Second Half-Year and Full Year Financial\n results announcement,\n\nRevenue and Cost of Sales for first half of 2025 were adjusted downwards\n by RMB 928,239 thousand\n\nto RMB 12,877,928 thousand with the corresponding cost of sales reduced by\n RMB 928,239 thousand\n\nto RMB 11,038,464 thousand. There were no changes to the Gross Profit,\n Operating Profit, Profit\n\nbefore tax and Profit for the period.\n\n** NYDK's financial results for the three months ended March 31, 2026 were\n reflected in the share of\n\nresults of associates and joint ventures. NYDK's financial results have been\n consolidated since April\n\n1, 2026 following Yuchai's acquisition of control over NYDK on March 31,\n 2026. The assets and\n\nliabilities relating to NYDK as at December 31, 2025 and June 30, 2026 have\n been recognized based\n\non their provisional values.\n\n \n\n \n CHINA YUCHAI INTERNATIONAL LIMITED\n\nSELECTED UNAUDITED CONSOLIDATED FINANCIAL POSITION ITEMS\n\nFor the periods ended June 30, 2026 and December 31, 2025\n\n(RMB and US$ amounts expressed in thousands)\n\n                                                       June 30, 2026          December 31, 2025\n                                                       (Unaudited)\n(Audited)\n                                                       RMB '000    US$ '000   RMB '000\n Cash and bank balances                                8,101,695   1,189,519  7,913,083\n Trade and bills receivables                           14,053,750  2,063,420  11,005,377\n Inventories                                           5,751,490   844,454    5,565,489\n Trade and bills payables                              13,203,865  1,938,637  11,648,031\n Short-term and long-term loans and borrowings         1,430,682   210,058    2,020,020\n Equity attributable to equity holders of the Company  10,157,545  1,491,366  9,580,961\n\n \n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/china-yuchai-international-announces-unaudited-2026-first-half-year-financial-results-302845952.html\n(https://www.prnewswire.com/news-releases/china-yuchai-international-announces-unaudited-2026-first-half-year-financial-results-302845952.html)\n\nSOURCE China Yuchai International\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-07T10:00:00.732635715Z","server_sent_at_ms":1786096800732},"received_at":"2026-08-07T10:00:00.783Z","source_url":"https://www.prnewswire.com/news-releases/china-yuchai-international-announces-unaudited-2026-first-half-year-financial-results-302845952.html"},"analysis":{"id":"101573","press_release_id":"112570","analysis_json":{"industry":{"label":"Machinery","sector":"Industrials"},"redFlags":["Other operating income decreased 32.2% due to lower government grants and absence of tech licensing fees","Effective income tax rate increased to 20.4% from 17.8%"],"eventType":"earnings","narrative":"China Yuchai International reported unaudited 1H 2026 results with revenue rising 13.9% YoY to RMB 14.7 billion and diluted EPS increasing 51.9% to US$2.17.\n\nGross margin expanded significantly to 17.1% from 14.3%, driven by a higher mix of large engines and reduced warranty costs, while operating profit grew 58.9% YoY.\n\nThe company maintained a solid balance sheet with cash of US$1.2 billion and paid a dividend of US$0.87 per share for 2025, up from US$0.53 in the prior year.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong margin expansion drives >50% EPS growth for China Yuchai in 1H."},"keyFigures":{"eps":2.17,"revenue":2153376000,"revenueYoy":"13.9%","customDimensions":{"net_income":82309000,"cash_balance":1189519000,"gross_margin":"17.1%","gross_profit":368706000,"operating_margin":"6.7%","operating_profit":145092000,"engine_units_sold":277684}},"quotedText":"Our higher sales of larger engines improved both our average selling price and profitability as our diluted earnings per share grew by 51.9% to US$2.17.","namedEntities":{"people":[{"name":"Weng Ming Hoh","role":"President"},{"name":"Choon Sen Loo","role":"CFO"},{"name":"Kevin Theiss","role":"Investor Relations Contact"}],"products":["YCY24-65kW Flywheel Range Extender System (YC-FRS)"],"companies":[{"name":"China Yuchai International Limited","ticker":"CYD"},{"name":"Guangxi Yuchai Machinery Company Limited","relationship":"subsidiary"},{"name":"MTU Yuchai Power Company Limited","relationship":"joint venture"},{"name":"Nanyue Fuel Injection Systems Co., Ltd","relationship":"associate"},{"name":"China Association of Automobile Manufacturers","relationship":"industry association"}],"dollarAmounts":[{"amount":"US$2.2 billion","context":"1H 2026 Revenue"},{"amount":"US$368.7 million","context":"1H 2026 Gross profit"},{"amount":"US$145.1 million","context":"1H 2026 Operating profit"},{"amount":"US$123.6 million","context":"1H 2026 Profit for the period"},{"amount":"US$82.3 million","context":"1H 2026 Profit attributable to CYD shareholders"},{"amount":"US$2.17","context":"1H 2026 Diluted earnings per share"},{"amount":"US$1.2 billion","context":"Cash and bank balances as at June 30, 2026"},{"amount":"US$0.87","context":"Cash dividend per ordinary share for 2025"}]},"materialImpact":{"score":4,"reasoning":"Revenue increased 13.9% YoY while EPS jumped over 50%, driven by a significant gross margin expansion (up 280bps to 17.1%). Strong outperformance in the heavy-duty truck and marine/power generation segments underpins the profitability gains."},"tickerRelevance":{"others":[],"primary":"CYD"},"globalImportance":25,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"geography":"China","tickerTier":"small-mid-cap","eventGravity":"earnings_beat_and_margin_expansion","sectorWeight":"Industrials"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"China Yuchai International reported unaudited 1H 2026 results with revenue rising 13.9% YoY to RMB 14.7 billion and diluted EPS increasing 51.9% to US$2.17.\n\nGross margin expanded significantly to 17.1% from 14.3%, driven by a higher mix of large engines and reduced warranty costs, while operating profit grew 58.9% YoY.\n\nThe company maintained a solid balance sheet with cash of US$1.2 billion and paid a dividend of US$0.87 per share for 2025, up from US$0.53 in the prior year.","key_figures":{"eps":2.17,"revenue":2153376000,"revenueYoy":"13.9%","customDimensions":{"net_income":82309000,"cash_balance":1189519000,"gross_margin":"17.1%","gross_profit":368706000,"operating_margin":"6.7%","operating_profit":145092000,"engine_units_sold":277684}},"named_entities":{"people":[{"name":"Weng Ming Hoh","role":"President"},{"name":"Choon Sen Loo","role":"CFO"},{"name":"Kevin Theiss","role":"Investor Relations Contact"}],"products":["YCY24-65kW Flywheel Range Extender System (YC-FRS)"],"companies":[{"name":"China Yuchai International Limited","ticker":"CYD"},{"name":"Guangxi Yuchai Machinery Company Limited","relationship":"subsidiary"},{"name":"MTU Yuchai Power Company Limited","relationship":"joint venture"},{"name":"Nanyue Fuel Injection Systems Co., Ltd","relationship":"associate"},{"name":"China Association of Automobile Manufacturers","relationship":"industry association"}],"dollarAmounts":[{"amount":"US$2.2 billion","context":"1H 2026 Revenue"},{"amount":"US$368.7 million","context":"1H 2026 Gross profit"},{"amount":"US$145.1 million","context":"1H 2026 Operating profit"},{"amount":"US$123.6 million","context":"1H 2026 Profit for the period"},{"amount":"US$82.3 million","context":"1H 2026 Profit attributable to CYD shareholders"},{"amount":"US$2.17","context":"1H 2026 Diluted earnings per share"},{"amount":"US$1.2 billion","context":"Cash and bank balances as at June 30, 2026"},{"amount":"US$0.87","context":"Cash dividend per ordinary share for 2025"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-07T12:28:04.683Z","global_importance":25,"audience_relevance":25,"importance_components":{"geography":"China","tickerTier":"small-mid-cap","eventGravity":"earnings_beat_and_margin_expansion","sectorWeight":"Industrials"}},"durationMs":119602,"modelName":"glm-4.7"}}