CYDNYSEEngines & TurbinesFiscal year ends December 31
CHINA YUCHAI INTERNATIONAL LTD
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 29, 2026
$25.89−0.13 (-0.50%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
14.7%−2.5 pts over 5 years
Operating margin
3.1%−3.2 pts over 5 years
Net margin
1.7%−1.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.0% | -3.5% | +1.2% | – | |
| Gross profit | +10.8% | +0.7% | -1.9% | – | |
| Operating income | -2.0% | -3.5% | -12.2% | – | |
| Net income | +13.1% | +5.8% | -11.8% | – | |
| EPS, diluted | +17.5% | +7.2% | -11.1% | – | |
| Free cash flow | -57.6% | – | -12.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 7.0% | 3.5% | |
| Return on assets | – | 2.7% | 1.2% | |
| Current ratio | – | 1.55 | 1.55 | |
| Debt to equity | – | – | 0.27 | |
| Net debt to EBITDA | – | – | -2.60× | |
| Interest coverage | 6.9× | 8.7× | 7.7× | |
| Inventory turnover | – | 5.6× | 3.5× | |
| Capex to revenue | 2.9% | 4.2% | 1.9% | |
| Diluted shares | 39M | 41M | 39M |
Where the cash went
Fiscal 2020 to 2024, five years combined
China Yuchai International generated CN¥4.04B from operations and spent CN¥2.19B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
CN¥4.04B
Used
CN¥2.19B
Capital expenditureCN¥2.19B100%DividendsCN¥00%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.7%
×Asset turnover0.72×
×Equity multiplier2.87×
=Return on equity, FY20243.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 1.7% | 0.72× | 2.87× | 3.5% |
| FY2023 | 1.6% | 0.72× | 2.74× | 3.1% |
| FY2022 | 1.4% | 0.65× | 2.74× | 2.4% |
| FY2021 | 1.3% | 0.83× | 2.86× | 3.1% |
| FY2020 | 2.7% | 0.82× | 2.82× | 6.2% |
| FY2019 | 3.4% | 0.79× | 2.65× | 7.0% |
| FY2018 | 4.3% | 0.76× | 2.55× | 8.3% |
| FY2017 | 5.5% | 0.82× | 2.46× | 11.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
7of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zeroCN¥323.06M
- Cash generatingOperating cash flow above zeroCN¥779.42M
- Return on assets improvedROA up on the prior year1.2% → 1.3%
- Earnings backed by cashOperating cash flow above net incomeCN¥779.42M vs CN¥323.06M
- Less leverageLong-term debt to assets fell2.7% → 2.4%
- Better liquidityCurrent ratio rose1.59 → 1.55
- No dilutionShare count did not rise41M → 39M
- Gross margin improvedGross margin up on the prior year14.09% → 14.73%
- More efficientAsset turnover rose0.75 → 0.74