EarningsQ2 2026 Earnings Report
DE:CYD Q2 2026 EPS Results
Actual EPS€1.94
Consensus EPS€2.19
Beat/MissMissed by -€0.25
One Year Ago EPS€1.28
DE:CYD Q2 2026 Revenue Results
Actual Revenue€1.88B
Expected Revenue€2.04B
Beat/MissMissed by -€166.28M
YoY Revenue Growth+12.29%
Earnings Announcement Details
QuarterQ2 2026
Date08/07/2026
TimeBefore Open
Conference CallFriday, August 7, 2026
DE:CYD Upcoming Earnings
China Yuchai International's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:CYD Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
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.Company Guidance
Revenue and Unit Sales Growth
Revenue increased 13.9% year-over-year to RMB 14.7 billion (USD 2.2 billion). Engine unit sales rose 10.9% year-over-year to 277,684 units.
Strong Profitability Expansion
Gross profit increased 36.5% year-over-year to RMB 2.5 billion (gross margin 17.1% vs 14.3% prior year). Operating profit rose 58.9% to RMB 988.2 million (operating margin 6.7% vs 4.8%). Profit attributable to shareholders grew 53.2% to RMB 560.6 million; diluted EPS increased to RMB 14.81 from RMB 9.75.
Truck and Heavy-Duty Engine Outperformance
Total truck engine unit sales up 20.4% year-over-year. Heavy-duty truck engine unit sales surged 47.3% year-over-year; light-duty truck engine sales rose 23.6% and medium-duty grew 7.9%.
Off-Road and Marine/Power Generation Strength
Engine unit sales to off-road markets increased 7.7% year-over-year, with marine and power generation demand driving a 42% year-over-year increase in those engine sales. Industrial applications sales rose 15.8%.
JV/Associate Profit Growth
Share of results from associates and joint ventures increased 56.2% year-over-year to RMB 95.9 million, primarily driven by higher profits at MTU Yuchai.
AI Data Center (AIDC) Momentum and Capacity
Combined AIDC sales by MTU JV and Yuchai reached ~1,800 units in H1 2026. Management guided to ~3,500 AIDC units for full-year 2026 and reported combined high-horsepower capacity of ~5,000 units (Yuchai brand + MTU JV).
Technology and M&A Progress
Launched commercial minibuses with the YC-FRS flywheel range extender in Hong Kong and reported a breakthrough high-pressure direct-injection engine capable of running entirely on ammonia. Acquired 27.97% of Nanyue Fuel Injection Systems (NYDK); NYDK consolidated since April 1, 2026.
Improved Cash Position and Shareholder Returns
Cash and bank balances approximately USD 1.2 billion (RMB 8.1 billion) at June 30, 2026. Short- and long-term borrowings decreased (RMB 1.4 billion vs RMB 2.0 billion at end-2025). Paid a cash dividend of USD 0.87 per ordinary share for 2025 (up from USD 0.53 for 2024).
DE:CYD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed