$CYD
CHINA YUCHAI INTERNATIONAL LTD
CIK:0000932695|SEC Filings
Consolidated Statements of Profit or Loss ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2025
CNY (¥)
¥ / shares
|
Dec. 31, 2025
USD ($)
$ / shares
|
Dec. 31, 2024
CNY (¥)
¥ / shares
|
Dec. 31, 2023
CNY (¥)
¥ / shares
|
|
| Profit or loss [abstract] | ||||
| Revenue | ¥ 24,661,772 | $ 3,562,398 | ¥ 19,133,575 | ¥ 18,046,349 |
| Cost of sales | (20,594,125) | (2,974,825) | (16,315,074) | (15,502,876) |
| Gross profit | 4,067,647 | 587,573 | 2,818,501 | 2,543,473 |
| Other operating income | 446,067 | 64,434 | 587,256 | 469,300 |
| Other operating expenses | (120) | (17) | (11,598) | (26,938) |
| Research and development expenses | (1,351,607) | (195,240) | (984,659) | (876,578) |
| Selling, general and administrative expenses | (2,071,102) | (299,171) | (1,812,526) | (1,499,808) |
| Operating profit | 1,090,885 | 157,579 | 596,974 | 609,449 |
| Finance costs | (61,765) | (8,922) | (77,982) | (100,175) |
| Share of results of associates, net of tax | (5) | (1) | (5) | (5) |
| Share of results of joint ventures, net of tax | 111,068 | 16,044 | 101,553 | 62,083 |
| Profit before tax | 1,140,183 | 164,700 | 620,540 | 571,352 |
| Income tax expense | (329,682) | (47,623) | (128,798) | (148,496) |
| Profit for the year | 810,501 | 117,077 | 491,742 | 422,856 |
| Attributable to: | ||||
| Equity holders of the Company | 537,390 | 77,626 | 323,055 | 285,518 |
| Non-controlling interests | 273,111 | 39,451 | 168,687 | 137,338 |
| Profit for the year | ¥ 810,501 | $ 117,077 | ¥ 491,742 | ¥ 422,856 |
| Earnings per share (dollar per share) | ||||
| - Basic | (per share) | ¥ 14.32 | $ 2.07 | ¥ 8.21 | ¥ 6.99 |
| - Diluted | (per share) | ¥ 14.32 | $ 2.07 | ¥ 8.21 | ¥ 6.99 |
Consolidated Statements of Cash Flows $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2025
CNY (¥)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
CNY (¥)
|
Dec. 31, 2023
CNY (¥)
|
|
| Operating activities | ||||
| Profit before tax | ¥ 1,140,183,000 | $ 164,700 | ¥ 620,540,000 | ¥ 571,352,000 |
| Adjustments: | ||||
| Amortization of intangible asset | 225,740,000 | 32,608 | 201,420,000 | 109,913,000 |
| Bad debt written off | 0 | 0 | 21,522,000 | 0 |
| Cost of share-based payments | 27,487,000 | 3,971 | 7,829,000 | 0 |
| Depreciation of investment property | 385,000 | 56 | 361,000 | 355,000 |
| Depreciation of property, plant and equipment | 437,381,000 | 63,180 | 462,588,000 | 508,726,000 |
| Depreciation of right-of-use assets | 48,861,000 | 7,058 | 50,461,000 | 46,071,000 |
| Exchange (gain)/loss | (7,349,000) | (1,062) | 3,091,000 | (2,260,000) |
| Finance costs | 61,765,000 | 8,922 | 77,982,000 | 100,175,000 |
| (Gain)/loss on disposal of: | ||||
| - property, plant and equipment | (1,219,000) | (176) | 59,000 | (778,000) |
| - right-of-use assets | 0 | 0 | 0 | (7,632,000) |
| - subsidiary | 0 | 0 | 0 | (113,042,000) |
| Government grants | (227,410,000) | (32,849) | (339,934,000) | (171,937,000) |
| Interest income | (100,587,000) | (14,530) | (133,640,000) | (154,129,000) |
| Impairment losses/(reversal of impairment losses) on: | ||||
| - development cost | 70,176,000 | 10,137 | 31,130,000 | 0 |
| - property, plant and equipment | 2,792,000 | 403 | 7,332,000 | 44,667,000 |
| - trade and non-trade receivables | 34,307,000 | 4,956 | 185,523,000 | 23,858,000 |
| - technology know how | 47,101,000 | 6,804 | 0 | 0 |
| - inventories, net | 90,085,000 | 13,012 | 58,768,000 | 50,019,000 |
| Loss on liquidation of joint venture | 0 | 0 | 399,000 | 0 |
| Loss on liquidation of subsidiary | 0 | 0 | 5,000 | 0 |
| Property, plant and equipment written off | 95,000 | 14 | 232,000 | 1,731,000 |
| Provision for warranties | 694,016,000 | 100,251 | 626,255,000 | 414,021,000 |
| Share of results of associates and joint ventures, net of tax | (111,063,000) | (16,043) | (101,548,000) | (62,078,000) |
| Profit before tax after adjustments | 2,432,746,000 | 351,412 | 1,780,375,000 | 1,359,032,000 |
| Changes in working capital | ||||
| Inventories | (1,003,237,000) | (144,918) | (67,585,000) | 221,930,000 |
| Trade and other receivables, and capitalized contract cost | (2,272,455,000) | (328,257) | (1,250,843,000) | (959,703,000) |
| Trade and other payables, and contract liabilities | 4,341,732,000 | 627,164 | 924,676,000 | 1,090,875,000 |
| Development properties | (467,000) | (67) | (38,000) | (281,000) |
| Provision utilized | (579,096,000) | (83,651) | (493,770,000) | (375,910,000) |
| Cash flows from operations | 2,919,223,000 | 421,683 | 892,815,000 | 1,335,943,000 |
| Income taxes paid | (200,918,000) | (29,023) | (113,399,000) | (109,905,000) |
| Net cash flows from operating activities | 2,718,305,000 | 392,660 | 779,416,000 | 1,226,038,000 |
| Investing activities | ||||
| Additional investment in a joint venture and associates | (169,946,000) | (24,549) | 0 | (6,500,000) |
| Development costs | (164,331,000) | (23,738) | (185,043,000) | (169,591,000) |
| Dividend received from: | ||||
| - joint venture | 100,000,000 | 14,400 | 0 | 2,795,000 |
| Interest received | 97,210,000 | 14,042 | 139,190,000 | 155,179,000 |
| Net cash inflow/(outflow) from disposal of: | ||||
| - associate | 0 | 0 | 0 | 1,000,000 |
| - property, plant and equipment | 5,369,000 | 776 | 105,000 | 643,000 |
| - subsidiary, net of cash disposed | 5,212,000 | 753 | 217,577,000 | (32,056,000) |
| Proceeds from government grants | 258,917,000 | 37,401 | 228,755,000 | 257,449,000 |
| Proceeds from liquidation of joint venture | 0 | 0 | 1,724,000 | 0 |
| Purchase of property, plant and equipment | (483,117,000) | (69,786) | (360,193,000) | (237,842,000) |
| Purchase of right-of-use assets | (3,900,000) | (562) | 0 | |
| (Placement)/withdrawal of fixed deposits with banks, net | 80,219,000 | 11,587 | 70,986,000 | (84,333,000) |
| Net cash flows (used in)/from investing activities | (274,357,000) | (39,631) | 113,101,000 | (113,256,000) |
| Dividends paid to: | ||||
| - equity holders of the Company | (142,852,000) | (20,635) | (101,647,000) | (80,238,000) |
| - non-controlling interests | (106,017,000) | (15,314) | (76,122,000) | (35,008,000) |
| Interest paid and discounting on bills | (59,990,000) | (8,666) | (75,120,000) | (96,254,000) |
| Acquisition of non-controlling interests | (7,405,000) | (1,070) | (750,000) | 0 |
| Contribution by non-controlling interests | 20,787,000 | 3,003 | 83,097,000 | 20,000,000 |
| Payment of principal portion of lease liabilities | (42,778,000) | (6,179) | (40,038,000) | (41,104,000) |
| Purchase of treasury shares | 0 | 0 | (285,561,000) | 0 |
| Proceeds from borrowings | 1,647,470,000 | 237,977 | 2,021,800,000 | 3,240,294,000 |
| Repayment of borrowings | (2,137,250,000) | (308,726) | (2,052,294,000) | (3,041,432,000) |
| Net cash flows used in financing activities | (828,035,000) | (119,610) | (526,635,000) | (33,742,000) |
| Net increase in cash and cash equivalents | 1,615,913,000 | 233,419 | 365,882,000 | 1,079,040,000 |
| Cash and cash equivalents at January 1 | 5,915,916,000 | 854,555 | 5,544,376,000 | 4,451,489,000 |
| Effect of exchange rate changes on balances in foreign currencies | (106,000) | (15) | 5,658,000 | 13,847,000 |
| Cash and cash equivalents at December 31 | ¥ 7,531,723,000 | $ 1,087,959 | ¥ 5,915,916,000 | ¥ 5,544,376,000 |
Consolidated Statements of Financial Position ¥ in Thousands, $ in Thousands |
Dec. 31, 2025
CNY (¥)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
CNY (¥)
|
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipment | ¥ 3,525,131 | $ 509,206 | ¥ 3,418,243 |
| Investment property | 4,139 | 598 | 4,173 |
| Intangible assets | 1,754,119 | 253,383 | 1,922,854 |
| Investment in associates | 311,195 | 44,952 | 258 |
| Investment in joint ventures | 351,773 | 50,814 | 338,579 |
| Deferred tax assets | 337,370 | 48,733 | 410,728 |
| Right-of-use assets | 343,234 | 49,580 | 302,013 |
| Capitalized contract cost | 176,341 | 25,472 | 130,015 |
| Non-current assets | 6,803,302 | 982,738 | 6,526,863 |
| Current assets | |||
| Inventories | 5,565,489 | 803,936 | 4,654,448 |
| Trade and other receivables | 11,658,569 | 1,684,083 | 9,416,461 |
| Development properties | 18,058 | 2,608 | 16,729 |
| Cash and short-term bank deposits | 7,913,083 | 1,143,047 | 6,433,593 |
| Current assets | 25,155,199 | 3,633,674 | 20,521,231 |
| Total assets | 31,958,501 | 4,616,412 | 27,048,094 |
| Equity | |||
| Issued capital | 2,081,138 | 300,621 | 2,081,138 |
| Treasury shares | (285,561) | (41,249) | (285,561) |
| Statutory reserves | 430,236 | 62,148 | 443,949 |
| Capital reserves | 413,196 | 59,686 | (18,236) |
| Retained earnings | 6,953,671 | 1,004,459 | 6,979,738 |
| Other components of equity | (11,719) | (1,693) | (36,403) |
| Equity attributable to equity holders of the Company | 9,580,961 | 1,383,972 | 9,164,625 |
| Non-controlling interests | 3,314,658 | 478,803 | 3,134,940 |
| Total equity | 12,895,619 | 1,862,775 | 12,299,565 |
| Non-current liabilities | |||
| Loans and borrowings | 20,000 | 2,889 | 638,000 |
| Lease liabilities | 42,005 | 6,068 | 30,258 |
| Contract liabilities | 39,366 | 5,686 | 48,091 |
| Deferred tax liabilities | 79,014 | 11,414 | 65,056 |
| Deferred grants | 578,280 | 83,533 | 494,847 |
| Other financial liability | 73,080 | 10,556 | 70,004 |
| Other payables | 151,862 | 21,936 | 171,768 |
| Non-current liabilities | 983,607 | 142,082 | 1,518,024 |
| Current liabilities | |||
| Trade and other payables | 14,493,740 | 2,093,624 | 10,293,751 |
| Loans and borrowings | 2,000,020 | 288,903 | 1,871,800 |
| Lease liabilities | 35,667 | 5,152 | 32,973 |
| Contract liabilities | 954,955 | 137,943 | 582,592 |
| Provision for taxation | 91,408 | 13,204 | 60,824 |
| Provisions | 503,485 | 72,729 | 388,565 |
| Current liabilities | 18,079,275 | 2,611,555 | 13,230,505 |
| Total liabilities | 19,062,882 | 2,753,637 | 14,748,529 |
| Total equity and liabilities | ¥ 31,958,501 | $ 4,616,412 | ¥ 27,048,094 |