China Yuchai International Limited (CYD) reported that its first-quarter net earnings attributable to shareholders increased to RMB 173.5 million or US$27.7 million from RMB 167.9 million in the first quarter of 2012. Earnings per share were RMB 4.66 or US$0.74 compared with RMB 4.50 last year.
Net revenue for the first quarter of 2013 was RMB 3.84 billion or US$613.1 million up from RMB 3.68 billion in the first quarter of 2012. The increase in net sales was RMB 161.7 million, or 4.4% as compared with the same period in 2012.
GYMCL's engine sales during the first quarter of 2013 was 130,744 units compared with 131,697 units in the same quarter a year ago, representing a decrease of 953 units, or 0.7%. This reduction compares favorably against the industry decline of 6.8% in sales of diesel-powered commercial vehicles in the first quarter of 2013, as reported by the China Association of Automobile Manufacturers.
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