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Volume 19.0K
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As of 6:40 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

china yuchai intl ltd (CYD) Key Developments

China Yuchai International Limited Announces Unaudited Consolidated Financial Results for the Second Quarter and First Six Months Ended June 30, 2014

China Yuchai International Limited announced unaudited consolidated financial results for the second quarter and first six months ended June 30, 2014. Revenue for the second quarter of 2014 was RMB 4.2 billion (USD 684.6 million) which was similar to the second quarter of 2013. Gross profit was RMB 816.8 million (USD 132.8 million) compared with RMB 810.8 million in the second quarter of 2013. Gross margin increased to 19.4% in the second quarter of 2014 compared with 19.3% a year ago. Operating profit declined to RMB 327.2 million (USD 53.2 million) from RMB 333.8 million in the second quarter of 2013. The reduced operating profit was mainly due to lower other operating income and higher R&D expenses. The operating margin was 7.8% compared with 7.9% in the second quarter of 2013. For the quarter ended June 30, 2014, total net profit attributable to China Yuchai's shareholders was RMB 165.4 million (USD 26.9 million), or earnings per share of RMB 4.44 (USD 0.72), compared with RMB 166.3 million, or earnings per share of RMB 4.46 in the same quarter in 2013. Profit before tax was RMB 287.443 million against RMB 284.284 million a year ago. Revenue for the six months was RMB 8.8 billion (USD 1.4 billion) compared with RMB 8.0 billion in the same period last year. The increase in revenue was RMB 752.0 million, or 9.4% as compared with the same six-month period in 2013. Gross profit was RMB 1.6 billion (USD 260.9 million) compared with RMB 1.5 billion in the same period last year. Gross margin decreased to 18.3% as compared with 19.3% a year ago. This decline was mainly attributable to a shift in the sales mix to higher engine sales for agriculture applications and lower bus sales. Operating profit increased to RMB 673.9 million (USD 109.5 million) from RMB 672.7 million in the same period last year, mainly due to an increase in gross profit partially offset by higher R&D and SG&A expenses. The operating margin was 7.7% compared with 8.4% in the same period last year. For the six months ended June 30, 2014, total net profit attributable to China Yuchai's shareholders was RMB 345.3 million (USD 56.1 million), or earnings per share of RMB 9.27 (USD 1.51), compared with RMB 339.8 million, or earnings per share of RMB 9.12 in the same period in 2013. Profit before tax was RMB 581.403 million against RMB 573.237 million a year ago.

China Yuchai International Limited to Report Q2, 2014 Results on Aug 11, 2014

China Yuchai International Limited announced that they will report Q2, 2014 results Pre-Market on Aug 11, 2014

China Yuchai International Limited, Q2 2014 Earnings Call, Aug 11, 2014

China Yuchai International Limited, Q2 2014 Earnings Call, Aug 11, 2014

China Yuchai International Limited Declares Dividend for the Financial Year Ended December 31, 2013

Hong Leong Asia Ltd. announced that its subsidiary, China Yuchai International Limited ('CYI') had declared a dividend of $1.20 per share for the financial year ended December 31, 2013, and that the said dividend would be made either wholly in cash or in new shares in CYI at the option of its shareholders.

China Yuchai International Limited, Annual General Meeting, Jul 04, 2014

China Yuchai International Limited, Annual General Meeting, Jul 04, 2014., at 09:30 China Standard Time. Location: Hotel Nikko. Agenda: To receive and adopt the audited financial statements and independent auditors' report for the financial year ended December 31, 2013; to approve an increase in the limit of the Directors' fees as set out in Bye-law 10(11) of the Bye-laws of the Company from $250,000 to $518,904 for the financial year 2013; to re-elect Directors; to authorize the Board of Directors to appoint up to the maximum of 11 Directors or such maximum number as determined from time to time by the shareholders in general meeting to fill any vacancies on the Board; and to re-appoint Messrs Ernst & Young LLP as independent auditors of the company and to authorize the Audit Committee to fix their remuneration.

 

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