China Yuchai International's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), China Yuchai International reported revenue of $24.7B (+28.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $24.7B | $19.1B | $18.0B | $16.0B |
| Cost of sales | ($20.6B) | ($16.3B) | ($15.1B) | ($13.4B) |
| Gross profit | $4.1B | $2.8B | $2.9B | $2.6B |
| Other operating income | $446.1M | $587.3M | $469.3M | $334.3M |
| Other operating expenses | ($120.0K) | ($11.6M) | ($26.9M) | $2.4M |
| Research and development expenses | ($1.4B) | ($984.7M) | ($876.6M) | ($836.4M) |
| Selling, general and administrative expenses | ($2.1B) | ($1.8B) | ($1.9B) | ($1.6B) |
| Operating profit | $1.1B | $597.0M | $609.4M | $519.3M |
| Finance costs | ($61.8M) | ($78.0M) | ($100.2M) | ($95.5M) |
| Share of results of associates, net of tax | ($5.0K) | ($5.0K) | ($5.0K) | ($1.5M) |
| Share of results of joint ventures, net of tax | $111.1M | $101.6M | $62.1M | ($27.5M) |
| Profit before tax | $1.1B | $620.5M | $571.4M | $394.7M |
| Income tax expense | ($329.7M) | ($128.8M) | ($148.5M) | ($59.1M) |
| Profit for the year | $810.5M | $491.7M | $422.9M | $335.7M |
| Equity holders of the Company | $537.4M | $323.1M | $285.5M | $218.6M |
| Non-controlling interests | $273.1M | $168.7M | $137.3M | $117.1M |
| - Basic | $14.32 | $8.21 | $6.99 | $5.35 |
| - Diluted | $14.32 | $8.21 | $6.99 | $5.35 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Property, plant and equipment | $3.5B | $3.4B | $3.6B | $4.0B |
| Investment property | $4.1M | $4.2M | $4.1M | $4.8M |
| Intangible assets | $1.8B | $1.9B | $2.0B | $1.9B |
| Investment in associates | $311.2M | $258.0K | $248.0K | $259.0K |
| Investment in joint ventures | $351.8M | $338.6M | $237.2M | $154.7M |
| Deferred tax assets | $337.4M | $410.7M | $426.4M | $450.9M |
| Right-of-use assets | $343.2M | $302.0M | $298.4M | $342.1M |
| Capitalized contract cost | $176.3M | $130.0M | $122.6M | $197.7M |
| Non-current assets | $6.8B | $6.5B | $6.6B | $7.0B |
| Inventories | $5.6B | $4.7B | $4.6B | $4.9B |
| Trade and other receivables | $11.7B | $9.4B | $8.5B | $7.3B |
| Development properties | $18.1M | $16.7M | — | — |
| Cash and short-term bank deposits | $7.9B | $6.4B | $6.0B | — |
| Current assets | $25.2B | $20.5B | $19.2B | $17.1B |
| Total assets | $32.0B | $27.0B | $25.8B | $24.1B |
| Issued capital | $2.1B | $2.1B | $2.1B | $2.1B |
| Treasury shares | -285.6M | -285.6M | — | — |
| Statutory reserves | $430.2M | $443.9M | $381.7M | $335.7M |
| Capital reserves | $413.2M | ($18.2M) | ($18.2M) | ($4.2M) |
| Retained earnings | $7.0B | $7.0B | $6.8B | $6.7B |
| Other components of equity | ($11.7M) | ($36.4M) | ($38.7M) | ($65.0M) |
| Equity attributable to equity holders of the Company | $9.6B | $9.2B | $9.2B | $9.0B |
| Non-controlling interests | $3.3B | $3.1B | $2.9B | $2.8B |
| Total equity | $12.9B | $12.3B | $12.2B | $11.8B |
| Loans and borrowings | $20.0M | $638.0M | $690.0M | $200.0M |
| Lease liabilities | $42.0M | $30.3M | $16.0M | $28.2M |
| Contract liabilities | $39.4M | $48.1M | $52.2M | $77.3M |
| Deferred tax liabilities | $79.0M | $65.1M | $65.1M | $61.8M |
| Deferred grants | $578.3M | $494.8M | $451.9M | $476.4M |
| Other financial liability | $73.1M | $70.0M | $67.0M | $46.0M |
| Other payables | $151.9M | $171.8M | $181.2M | $189.4M |
| Non-current liabilities | $983.6M | $1.5B | $1.5B | $1.1B |
| Trade and other payables | $14.5B | $10.3B | $9.2B | $8.1B |
| Loans and borrowings | $2.0B | $1.9B | $1.9B | $2.1B |
| Lease liabilities | $35.7M | $33.0M | $33.3M | $31.4M |
| Contract liabilities | $955.0M | $582.6M | $639.2M | $617.7M |
| Provision for taxation | $91.4M | $60.8M | $52.4M | $73.3M |
| Provisions | $503.5M | $388.6M | $256.1M | $220.1M |
| Current liabilities | $18.1B | $13.2B | $12.1B | $11.2B |
| Total liabilities | $19.1B | $14.7B | $13.6B | $12.3B |
| Total equity and liabilities | $32.0B | $27.0B | $25.8B | $24.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Profit before tax | $1.1B | $620.5M | $571.4M | $394.7M |
| Amortization of intangible asset | $225.7M | $201.4M | $109.9M | $64.9M |
| Bad debt written off | $0 | $21.5M | — | — |
| Cost of share-based payments | $27.5M | $7.8M | — | — |
| Depreciation of investment property | $385.0K | $361.0K | $355.0K | $348.0K |
| Depreciation of property, plant and equipment | $437.4M | $462.6M | $508.7M | $516.3M |
| Depreciation of right-of-use assets | $48.9M | $50.5M | $46.1M | $43.1M |
| Exchange (gain)/loss | ($7.3M) | $3.1M | ($2.3M) | ($273.0K) |
| Finance costs | $61.8M | $78.0M | $100.2M | $95.5M |
| - property, plant and equipment | ($1.2M) | $59.0K | ($778.0K) | ($6.5M) |
| - right-of-use assets | $0 | $0 | ($7.6M) | ($3.9M) |
| - subsidiary | $0 | $0 | ($113.0M) | — |
| Government grants | ($227.4M) | ($339.9M) | ($171.9M) | ($176.3M) |
| Interest income | ($100.6M) | ($133.6M) | ($154.1M) | ($131.9M) |
| - development cost | $70.2M | $31.1M | — | — |
| - property, plant and equipment | $2.8M | $7.3M | $44.7M | $3.3M |
| - trade and non-trade receivables | $34.3M | $185.5M | — | — |
| - technology know how | $47.1M | — | — | — |
| - inventories, net | $90.1M | $58.8M | $50.0M | $54.9M |
| Loss on liquidation of joint venture | $0 | $399.0K | — | — |
| Loss on liquidation of subsidiary | $0 | $5.0K | — | — |
| Property, plant and equipment written off | $95.0K | $232.0K | $1.7M | — |
| Provision for warranties | $694.0M | $626.3M | $414.0M | — |
| Share of results of associates and joint ventures, net of tax | ($111.1M) | ($101.5M) | ($62.1M) | $29.1M |
| Profit before tax after adjustments | $2.4B | $1.8B | $1.4B | $892.6M |
| Inventories | ($1.0B) | ($67.6M) | $221.9M | $185.9M |
| Trade and other receivables, and capitalized contract cost | ($2.3B) | ($1.3B) | ($959.7M) | ($7.4M) |
| Trade and other payables, and contract liabilities | $4.3B | $924.7M | $1.1B | — |
| Development properties | ($467.0K) | ($38.0K) | ($281.0K) | — |
| Provision utilized | ($579.1M) | ($493.8M) | ($375.9M) | — |
| Cash flows from operations | $2.9B | $892.8M | $1.3B | ($98.4M) |
| Income taxes paid | ($200.9M) | ($113.4M) | ($109.9M) | ($21.0M) |
| Net cash flows from operating activities | $2.7B | $779.4M | $1.2B | ($119.4M) |
| Additional investment in a joint venture and associates | ($169.9M) | $0 | ($6.5M) | ($1.9M) |
| Development costs | ($164.3M) | ($185.0M) | ($169.6M) | ($166.3M) |
| - joint venture | $100.0M | $0 | $2.8M | — |
| Interest received | $97.2M | $139.2M | $155.2M | $131.3M |
| - associate | $0 | $0 | $0 | $1.0M |
| - property, plant and equipment | $5.4M | $105.0K | $643.0K | $9.2M |
| - subsidiary, net of cash disposed | $5.2M | $217.6M | ($32.1M) | — |
| Proceeds from government grants | $258.9M | $228.8M | $257.4M | $193.2M |
| Proceeds from liquidation of joint venture | $0 | $1.7M | — | — |
| Purchase of property, plant and equipment | ($483.1M) | ($360.2M) | ($237.8M) | ($431.0M) |
| Purchase of right-of-use assets | ($3.9M) | — | — | — |
| (Placement)/withdrawal of fixed deposits with banks, net | $80.2M | $71.0M | ($84.3M) | $123.6M |
China Yuchai International score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.