Want to see CYD full AI Analyst Report?
China Yuchai International (CYD) AI Stock Analysis
China Yuchai International
(NYSE:CYD)
The score is driven primarily by improving financial performance and a positive earnings outlook (AIDC growth/capacity and margin expansion), supported by an attractive P/E and dividend yield. These positives are partially offset by very weak technical momentum (below major moving averages with negative MACD and oversold readings) and noted execution/working-capital and pricing-pressure risks from the earnings call.
China Yuchai International (CYD) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $807.02M
- Dividend Yield
- 4.04%
- Average Volume (3M)
- 167.81K
- Price to Earnings (P/E)
- 7.4
- Beta (1Y)
- 1.19
- Revenue Growth
- 21.01%
- EPS Growth
- 72.22%
- Country
- US
- Employees
- 9,189
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Auto - Parts
China Yuchai International Business Overview & Revenue Model
Company Description
China Yuchai International Limited, a company established in 1951 and headquartered in Singapore, operates globally through its Yuchai and HLGE segments. This entity and its subsidiaries specialize in the production, assembly, and distribution of bot...
How the Company Makes Money
China Yuchai International primarily makes money through the sale of engines and related powertrain products manufactured by Yuchai. Its main revenue stream is the production and sale of diesel and natural-gas engines to original equipment manufactur...
China Yuchai International Earnings Call Summary
The call presents a strong financial and operational performance: double-digit revenue and unit growth, significant margin expansion, and substantial increases in operating profit, net profit and EPS. The company also highlighted strategic technology advances (ammonia-capable engine, YC-FRS), an acquisition (NYDK), AIDC traction with a raised full-year AIDC outlook (3,500 units) and a robust cash position with reduced borrowings and a higher dividend. Offsets include higher trade receivables, a decline in other operating income, increased R&D and SG&A expenses, higher tax expense, pricing pressure at the MTU JV and weaker agricultural demand. On balance, the positive growth, margin improvement and cash/return-to-shareholder actions outweigh the challenges, though management notes market competition and working capital considerations to monitor.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management provided clear volume and capacity guidance for high‑horsepower / AI data center (AIDC) engines: after selling ~1,800 AIDC units in H1 2026, they now expect AIDC sales of around 3,500+ units for the full year (implying roughly +1,700 in H2), and affirmed combined high‑horsepower production capacity across Yuchai and the MTU JV of ~5,000 units for 2026 (up from ~3,000 in 2025 after a +700 expansion and ~1,000 added via subcontracting), with the company expecting to sell that capacity and noting ASPs for high‑horsepower engines are similar for AIDC and non‑AIDC customers; they plan further capacity increases next year using a dual approach (more subcontracting plus additional in‑house fine machining) but have not finalized plans. Management also reiterated strong demand, said the AIDC target represents significant growth versus 2025, confirmed the dividend paid of USD 0.87 per ordinary share for 2025 (vs. USD 0.53 for 2024) with payout ratios historically around 30–40%, and highlighted a solid balance sheet with cash and bank balances of ~USD 1.2 billion and borrowings reduced to RMB 1.4 billion (USD ~210.1 million).
China Yuchai International Financial Statement Overview
Summary
Financials are solid and improving: 2025 showed a sharp revenue rebound (~52.5% YoY), better gross/net margins, and a meaningful pickup in operating and free cash flow. Balance sheet leverage is moderate and improving (debt-to-equity ~0.22), but structurally thin margins and historically volatile cash flow (including a weak 2022) keep quality from scoring higher.
Income Statement
70PositiveBalance Sheet
74PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.07B | 23.99B | 19.13B | 18.05B | 16.03B | 21.27B |
| Gross Profit | 4.67B | 3.96B | 2.82B | 2.92B | 2.19B | 2.77B |
| EBITDA | 1.78B | 1.91B | 1.22B | 1.33B | 1.11B | 1.14B |
| Net Income | 722.84M | 522.75M | 323.06M | 285.52M | 218.58M | 272.67M |
Balance Sheet | ||||||
| Total Assets | 27.92B | 31.96B | 27.05B | 25.76B | 24.14B | 24.91B |
| Cash, Cash Equivalents and Short-Term Investments | 8.10B | 7.85B | 6.31B | 6.01B | 4.80B | 5.15B |
| Total Debt | 1.43B | 2.10B | 2.57B | 2.59B | 2.40B | 2.24B |
| Total Liabilities | 14.64B | 19.06B | 14.75B | 13.58B | 12.30B | 13.29B |
| Stockholders Equity | 10.16B | 9.58B | 9.16B | 9.23B | 9.01B | 8.86B |
Cash Flow | ||||||
| Free Cash Flow | 2.07B | 2.07B | 234.18M | 988.20M | -550.38M | -67.49M |
| Operating Cash Flow | 2.72B | 2.72B | 779.42M | 1.23B | -119.42M | 504.56M |
| Investing Cash Flow | -274.36M | -274.36M | 113.10M | -113.26M | -133.05M | -738.85M |
| Financing Cash Flow | -828.03M | -828.03M | -526.63M | -33.74M | -140.37M | -838.56M |
China Yuchai International Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CYD, the sentiment is Negative. The current price of 20.01 is below the 20-day moving average (MA) of 24.53, below the 50-day MA of 30.54, and below the 200-day MA of 41.82, indicating a bearish trend. The MACD of -2.81 indicates Positive momentum. The RSI at 18.77 is Positive, neither overbought nor oversold. The STOCH value of 10.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CYD.
China Yuchai International Risk Analysis
China Yuchai International disclosed 33 risk factors in its most recent earnings report. China Yuchai International reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksChina Yuchai International Peers Comparison
Overall Rating
GNRC70Outperform
CMI69Neutral
NPO69Neutral
JBTM66.1Neutral- CYD66Neutral
MIDD56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GNRC | 70Outperform | $12.36B | 36.90 | 10.76% | ― | 6.13% | -3.70% |
| CMI | 69Neutral | $68.93B | 24.01 | 21.89% | 1.74% | 2.93% | -8.06% |
| NPO | 69Neutral | $6.04B | 93.74 | 3.97% | 0.46% | 16.42% | -27.79% |
| JBTM | 66Neutral | $6.12B | 33.49 | 4.39% | 0.32% | 20.50% | ― |
| CYD | 66Neutral | $832.53M | 7.44 | 7.32% | 4.04% | 21.01% | 72.22% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| MIDD | 56Neutral | $5.55B | -13.76 | -18.30% | ― | -7.22% | -191.27% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CYD | China Yuchai International | 20.01 | -19.08 | -48.82% | |
| CMI | Cummins Inc | 448.58 | -17.94 | -3.85% | |
| NPO | Enpro Industries, Inc. | 257.26 | 45.21 | 21.32% | |
| GNRC | Generac Holdings | 172.33 | 17.04 | 10.97% | |
| JBTM | Jbt Marel Corporation | 126.82 | -14.07 | -9.99% | |
| MIDD | The Middleby | 130.14 | 31.04 | 31.32% |
China Yuchai International Corporate Events
China Yuchai Forms ADI Joint Venture With Guangxi Zhenye in Guangxi
On October 20, 2026, China Yuchai International announced that its wholly owned subsidiary Guangxi Yuchai Foundry Company Limited and Guangxi Zhenye New Materials Co., Ltd. formed a new joint venture, Guangxi Aobei Technology Company Ltd., in Yulin,...
China Yuchai Subsidiary Renews Hong Kong Listing Application
On August 31, 2026, China Yuchai International reported that its indirect subsidiary, Guangxi Yuchai Marine and Genset Power, has renewed its application to list shares on the Main Board of the Hong Kong Stock Exchange after the original January 27,...
China Yuchai International Posts Strong First-Half 2026 Earnings on Truck and Marine Engine Demand
On August 7, 2026, China Yuchai International reported unaudited results for the first half of 2026 showing a sharp rebound in demand across core segments. Revenue rose 13.9% year-on-year to RMB 14.7 billion, while engine unit sales climbed 10.9% to...
China Yuchai Wins Shareholder Backing as All AGM Resolutions Pass in Singapore
China Yuchai International reported that all resolutions in its July 7 notice of meeting were duly passed at its Annual General Meeting held in Singapore on August 6, 2026. The AGM outcome confirms shareholder approval of the company’s agenda,...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 08, 2026