China Yuchai International (CYD) reports double-digit revenue and profit growth for 1H 2026

SGX Filings
Aug 07

China Yuchai International (CYD) today released unaudited results for the six months ended Jun, 30 2026, showing a 13.9 percent year-on-year rise in revenue to RMB 14.7 billion, driven by a 10.9 percent increase in engine deliveries to 277,684 units.

Gross profit climbed 36.5 percent, lifting gross margin to 17.1 percent from 14.3 percent a year earlier. Operating profit advanced 58.9 percent to RMB 988.2 million as higher sales of larger engines improved the mix while warranty costs fell.

Net profit grew 57.4 percent to RMB 841.8 million, with profit attributable to shareholders up 53.2 percent to RMB 560.6 million. Basic earnings per share rose to RMB 14.94, while diluted earnings per share reached RMB 14.81 following the implementation of the 2025 equity incentive plan.

By segment, truck engine volumes increased 20.4 percent, outpacing overall market growth, while heavy-duty truck engine sales surged 47.3 percent. Off-road engine sales gained 7.7 percent, led by a 42 percent jump in marine and power-generation units.

As at Jun, 30 2026, the company held cash and bank balances of RMB 8.1 billion and reduced total loans and borrowings to RMB 1.4 billion. Management said the strengthened balance sheet supports continued investment in new products and international expansion.

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