LOGO
LOGO

Quick Facts

China Yuchai Q4 Profit Decreases - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

China Yuchai International Limited (CYD) reported fourth-quarter net profit to shareholders of RMB 217.8 million compared to RMB 369.3 million last year. Earnings per share were RMB 5.84 down from RMB 9.91 prior year.

Net revenue was RMB 3.26 billion compared to RMB 3.75 billion last year. The company said the revenue decrease was mainly due to weaker demand in the commercial truck market.

Gross margin was 24.7% compared to 27.7% last year. The company said the lower gross margin was attributable to the sales mix as more light-duty engines were sold in the fourth quarter of 2012.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.