China Yuchai International Ltd (FRA:CYD)

Full Year 2025 China Yuchai International Ltd Earnings Call Transcript

Feb 24, 2026 / 01:00 PM GMT

Release Date Price: €41.4 (-12.66%)

Transcript

Key Points

Positve

China Yuchai International Ltd (CYD) reported a strong sales and profit growth in the second half and full year of 2025, with revenue increasing by 33.5% year over year.
Gross profit increased by 58.4% year over year, and the gross margin rose to 18.9%, indicating improved profitability.
The company saw a significant increase in unit sales, particularly in heavy-duty and high-horsepower engines, contributing to revenue growth.
Exports played a crucial role in sales growth, with successful international partnerships and expansion in markets like Vietnam and Mexico.
Research and development expenses increased by 37.3%, reflecting the company's commitment to enhancing engine efficiency and developing new energy products.

Negative

Other income decreased by 44.1% due to lower government grants, impacting overall profitability.
Research and development expenses rose significantly, driven by higher experimental costs and impairments related to fuel cell development.
The share of financial results from associates and joint ventures decreased by 15.1%, mainly due to reduced profits at YMC Engine Co Limited.
Income tax expenses increased significantly, driven by higher profits and deferred tax expenses.
The company faces challenges in providing guidance for 2026 due to uncertainties in government policies affecting sales.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CYD.N - China Yuchai International Ltd
Full Year 2025 China Yuchai International Ltd Earnings Call
Feb 24, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to China UChai International Limited. Second half, 2025 financial results.

At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session.

To ask a question during the session, you need to press one and one on your telephone. You will then hear automated message advising your hand is raised.

Please be advised that today's conference call is being recorded. I would now like to turn the conference over to Kevin Ties. Please go ahead.

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Unidentified_2 [2]
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