China Yuchai International Limited Income Statement 2024-2011 | CYD

Brief overview of profit and loss at China Yuchai International Limited

This overview is based on financial performance over the past five years. China Yuchai International Limited reported revenue of 18 billion yuan in 2019 and 19.1 billion yuan by 2024. The total change was +6.2%, with a CAGR of approximately 1.2%. Revenue was effectively stagnant over the period.

Gross profit was 3.1 billion yuan at the start and 2.8 billion yuan at the end of the period (−9.3%). There was no major divergence between sales and cost of revenue. Gross profit as a share of revenue changed from 17.2% to 14.7%. The business retained less gross profit from each unit of revenue.

The five-year EBITDA result moved by −47.9%: from 1.1 billion yuan to 597 million yuan. Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin was 6.4% at the start and 3.1% at the end. The business retained less EBITDA from each unit of revenue.

The net result moved from 605 million yuan to 492 million yuan, or −18.7%. The final result developed less favorably than the core business.

Market capitalization changed from 436 million yuan to 563 million yuan (+29.1%). The higher valuation contrasts with weaker financial performance.

Overall conclusion

The financial trajectory is weak and requires a cautious interpretation. The main areas of concern are weaker gross profitability, a weaker final result and pressure on operating profitability. The key question is whether sales can be converted into sustainable profit.