China Yuchai International Ltd
cyilimited.comWhat Do They Do?
Makes and sells diesel and natural-gas engines, and electric and hybrid powertrain systems, for vehicle and equipment makers and marine and power-generation customers. Also holds an interest in hospitality and property development.
20-F for FY2025, filed Apr 29, 2026Yuchai engages in the design, manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks…View ↗
Yuchai is devoted to improving its competitiveness across all engine platforms, including its light-, medium- and heavy-duty engines, in…View ↗
As of February 27, 2026, we had a 49.1% interest in the outstanding ordinary shares of HLGE. See “Item 5. Operating and Financial Review…View ↗
How Do They Make Money?
Yuchai sells engines to vehicle and equipment makers and distributors, earning the sale when an engine is delivered or sometimes installed; service revenue is earned as services are provided.
20-F for FY2025, filed Apr 29, 2026Yuchai engages in the design, manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks…View ↗
Revenue from sale of engines is recognized at the point in time when control of the engine is transferred to the customer and all criteria…View ↗
Revenue from rendering services relates to project management contracts, and hotel room and restaurant operations. Revenue is recognized…View ↗
CNY 24.7B
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20-F for FY2025, filed Apr 29, 2026
CNY 24.7B ↗
Who Are Their Customers?
Yuchai sells most engines directly to vehicle and equipment makers and distributors; exports are mostly sold to third-party distributors, who resell them to end users.
20-F for FY2025, filed Apr 29, 2026
Do Revenues Turn Into Profits?
Yes. It kept 2.2% of its revenue as net income in FY2025 and turned 9.1% of it into free cash flow.
How Are They Changing?
Growing. Revenue grew 16% in 4 years, from CNY 21.3B in FY2021 to CNY 24.7B in FY2025, about 4% a year.
Broader powertrain offerings
The older report describes diesel, natural-gas and hybrid engines as products and frames fuel cells, electric drives and range extenders as development areas; the latest report includes electric, hybrid, range-extender and fuel-cell systems in its powertrain portfolio.
20-F for FY2022, filed Apr 26, 2023 20-F for FY2025, filed Apr 29, 2026
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