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: editorial@rttnews.com