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China Yuchai International
China Yuchai International (CYD) investor relations material
China Yuchai International H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary24 Feb, 2026
Executive summary
Achieved strong sales and profit growth in both the second half and full year 2025, with significant increases in revenue, gross profit, and operating profit year-over-year.
Revenue for 2H 2025 rose 33.5% year-over-year to RMB 11.8 billion, with full-year 2025 revenue up 38.9% to RMB 34.7 billion ($3.5 billion).
Total engine unit sales grew 28.7% in 2H 2025 and 29.4% for FY 2025, outpacing market growth, especially in truck and bus segments.
Expanded international presence with new agreements and deliveries in Vietnam, Mexico, and Germany, and increased R&D investment to support innovation.
Net profit attributable to shareholders rose 66.3% to RMB 537.4 million ($76.5 million) for FY 2025.
Financial highlights
Second half 2025 revenue rose 33.5% year-over-year to RMB 11.8 billion ($1.7 billion); gross profit up 58.4% to RMB 2.2 billion ($317 million); gross margin improved to 18.9%.
Full year 2025 revenue increased 38.9% to RMB 34.7 billion ($3.5 billion); gross profit up 44.3% to RMB 4.1 billion ($578.7 million); gross margin at 16.5%.
Operating profit for second half 2025 surged 993.1% year-over-year to RMB 469.2 million ($66.7 million); FY 2025 operating profit up 82.7% to RMB 1.1 billion.
Basic and diluted EPS increased by 34.4% to RMB 14.32 ($2.04) for FY 2025.
Cash and bank balances at year-end: RMB 7.9 billion ($1.1 billion), up from RMB 6.4 billion in 2024.
Outlook and guidance
Demand from data centers expected to continue double-digit growth in 2026; overall non-data center sales expected to remain stable if government policies persist.
Growth in heavy-duty truck engine segment anticipated to continue into 2026, supported by new OEM partnerships.
R&D focus remains on new energy technologies, including hydrogen, methanol, ammonia engines, and readiness for upcoming emission standards.
Management highlighted continued strong sales growth and expansion into overseas markets.
A potential listing of the marine and genset subsidiary on the Hong Kong Stock Exchange is under review.
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Next China Yuchai International earnings date
H1 20267 Aug, 2026
China Yuchai International
Next China Yuchai International earnings date
H1 20267 Aug, 2026
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Frequently asked questions
China Yuchai International Limited is a holding company engaged in the manufacturing, assembly, and sale of diesel and natural gas engines for on- and off-road applications. Through its main operating subsidiary, the company produces engines used in trucks, buses, construction equipment, marine vessels, and power generation. It also supplies engine parts and provides related maintenance services. China Yuchai serves both domestic and international markets, supported by a network of distributors and service centers. The company is headquartered in Singapore, and its shares are listed on the NYSE.
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