EX-99.2 3 d624843dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CHINA YUCHAI INTERNATIONAL LIMITED

UNAUDITED CONSOLIDATED INCOME STATEMENTS

For the six months ended December 31, 2023 and 2022

(RMB and US$ amounts expressed in thousands)

 

     Second Half of 2023     Second Half of 2022  
     RMB’000     US$’000     RMB’000     US$’000  

Revenue

     8,875,346       1,253,102       7,462,131       1,053,572  

Cost of sales*

     (7,441,906     (1,050,716     (6,258,913     (883,690

Gross profit

     1,433,440       202,386       1,203,218       169,882  

Other operating income, net

     306,161       43,227       251,264       35,476  

Research and development expenses

     (470,531     (66,434     (427,957     (60,423

Selling, general and administrative expenses*

     (1,047,307     (147,869     (795,272     (112,284

Operating profit

     221,763       31,310       231,253       32,651  

Finance costs

     (46,533     (6,570     (40,241     (5,682

Share of results of associates and joint ventures

     32,452       4,582       1,849       261  

Profit before tax

     207,682       29,322       192,861       27,230  

Income tax expense

     (37,869     (5,347     (2,578     (364

Profit for the period

     169,813       23,975       190,283       26,866  

Attributable to:

        

Equity holders of the Company

     107,141       15,126       124,857       17,629  

Non-controlling interests

     62,672       8,849       65,426       9,237  
     169,813       23,975       190,283       26,866  

Net earnings per common share

        

- Basic

     2.62       0.37       3.06       0.43  

- Diluted

     2.62       0.37       3.06       0.43  

Unit sales

     147,700         140,345    

 

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CHINA YUCHAI INTERNATIONAL LIMITED

UNAUDITED CONSOLIDATED INCOME STATEMENTS

For the years ended December 31, 2023 and 2022

(RMB and US$ amounts expressed in thousands, except per share data)

 

     December 31, 2023     December 31, 2022  
     RMB’000     US$’000     RMB’000     US$’000  

Revenue

     18,046,349       2,547,948       16,030,636       2,263,351  

Cost of sales*

     (15,130,711     (2,136,291     (13,532,102     (1,910,585

Gross profit

     2,915,638       411,657       2,498,534       352,766  

Other operating income, net

     442,362       62,457       336,756       47,546  

Research and development expenses

     (876,578     (123,763     (836,438     (118,096

Selling, general and administrative expenses*

     (1,871,973     (264,303     (1,479,561     (208,899

Operating profit

     609,449       86,048       519,291       73,317  

Finance costs

     (100,175     (14,144     (95,472     (13,480

Share of results of associates and joint ventures

     62,078       8,765       (29,093     (4,108

Profit before tax

     571,352       80,669       394,726       55,729  

Income tax expense

     (148,496     (20,966     (59,065     (8,339

Profit for the period

     422,856       59,703       335,661       47,390  

Attributable to:

        

Equity holders of the Company

     285,518       40,312       218,581       30,860  

Non-controlling interests

     137,338       19,391       117,080       16,530  
     422,856       59,703       335,661       47,390  

Net earnings per common share

        

- Basic

     6.99       0.99       5.35       0.77  

- Diluted

     6.99       0.99       5.35       0.77  

Unit sales

     313,493         321,256    

* Comparatives

Management has reclassified certain freight charges from selling and distribution (within selling, general and administrative expenses) to cost of sales. These freight charges were incurred prior to ownership transfer as part of the obligation to fulfil deliveries to the customers. The comparative figures in the Income Statement for the six months and full year ended December 31, 2022 had been adjusted to conform with the current year’s presentation. The changes to 2022 comparatives have no impact on the operating profit for the period of the Group, its financial position or cash flows.

 

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CHINA YUCHAI INTERNATIONAL LIMITED

SELECTED UNAUDITED CONSOLIDATED FINANCIAL POSITION ITEMS

For the years ended December 31, 2023 and December 31, 2022

(RMB and US$ amounts expressed in thousands)

 

     December 31, 2023
     December 31, 2022
 
     RMB’000      US$’000      RMB’000  

Cash and bank balances

     6,039,471        852,707        4,850,743  

Trade and bills receivables

     7,813,228        1,103,143        6,792,958  

Inventories

     4,649,027        656,392        4,937,755  

Trade and bills payables

     7,634,273        1,077,876        6,919,421  

Short-term and long-term loans and borrowings

     2,540,294        358,662        2,341,432  

Equity attributable to equity holders of the Company

     9,226,528        1,302,685        9,008,946  

 

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