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China Yuchai International 1H Revenue $1.3B, Down 32.2% YoY

Author: Bill Haddad | August 10, 2022 06:04am

Financial Highlights for 1H 2022

Revenue decreased by 32.2% to RMB 8.6 billion (US$ 1.3 billion) compared with RMB 12.6 billion in the same period last year;
Gross profit was RMB 1.4 billion (US$ 202.7 million), an increase in gross margin to 15.9%, compared with RMB 1.6 billion and a gross margin of 12.9% in the same period last year;
Operating profit was RMB 288.0 million (US$ 42.9 million) compared with RMB 499.8 million in the same period last year;
Basic and diluted earnings per share were RMB 2.29 (US$ 0.34) compared with RMB 6.21 in the same period last year;
Total number of engines sold decreased by 36.6% to 180,911 units compared with 285,342 units in the same period last year;
Subsequent to the 1H 2022 period, cash dividends of US$0.40 per ordinary share were paid in July 2022.

Posted In: CYD