CYD has been in the news 643% more than usual
Aug 14, 2024, 4:32 AM
6.49%
What does CYD do
China Yuchai International Ltd. is a holding company that produces a broad range of engines for various applications through its Yuchai segment and is also involved in hospitality and property development via its HLGE segment in the PRC and Malaysia. The company, with 8,579 employees, manufactures diesel and natural gas engines primarily for the Chinese market and operates the Copthorne Hotel Cameron Highlands in Malaysia.
CYD has been in the news recently: China Yuchai International Limited experienced a 12.4% revenue increase, reaching RMB 10.3 billion, and sold 192,743 engines in the first half of 2024. Additionally, the company is expanding its joint venture, MTU Yuchai Power, for mass production of mtu Series 4000 engines by late 2025, and has repurchased over 3.2 million shares for approximately US$38.5 million.
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