Profile: China Yuchai International Ltd (CYD.N)

CYD.N on New York Stock Exchange

20.73USD
21 Aug 2014
Price Change (% chg)

$0.23 (+1.12%)
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China Yuchai International Limited (CYI), incorporated on April 29, 1993, is a holding company. The Company operates in two segments: Guangxi Yuchai Machinery Company Limited (Yuchai) and HL Global Enterprises Limited (HLGE). The Company owns, through six of its wholly owned subsidiaries, 76.4% interest of Yuchai. In Yuchai, the Company primarily conducts its manufacturing and sale of diesel engines, which are distributed in the People’s Republic of China market. As of April 4, 2012, it had 48.9% interest in HLGE. The HLGE group is engaged in hospitality and property development activities conducted mainly in the People’s Republic of China and Malaysia. As of April 4, 2012, it had a 12.2% interest in Thakral Corporation Ltd (TCL). The TCL group primarily conducts distribution of consumer electronic products with operations mainly in the PRC (including Hong Kong). TCL also has other business activities relating to strategic property and equity investments. In December 2012, the Company's subsidiary, Guangxi Yuchai Machinery Monopoly Development Co., Ltd acquired the remaining 49% equity interests in Guangzhou Tongju Commerce and Trade Company Limited .

Yuchai

Yuchai is a diesel engine manufacturer in China and also produces diesel power generators and diesel engine parts. Yuchai manufactures and produces diesel and natural gas engines for light, medium and heavy-duty for highway vehicles, generator sets, marine and industrial applications. Yuchai also supplies after-market parts and services. Its products are the YC6K diesel engine, high-horsepower marine diesel engines and power generation engines and the 4D20 4-cylinder passenger car engine.

The YC6K 6-cylinder diesel engine is National III, IV and V compliant, as well as being compliant up to National VI emission standards, has a capacity of between 10 liters/12 liters and is rated at 380-550PS. The components and combustion systems of the engine are suitable for use in heavy-duty trucks and for coaches exceeding 12 meters in length. Its marine diesel and power generation engine models include YC6T is a 6-cylinder engine rated at 360-600PS and is suitable for construction applications; YC6C is a 40 liters, 6-cylinder engine rated at 700-1000 PS; YC12VT is derived from the YC6T engines where the V-engine enables the engine to have a compact configuration, and YC8C, which is derived from the YC6C engine. 4D20 is a 4-cylinder 1.8-2.2 liters, rated at 90-140PS engine, which has been developed to comply with National V emission standards.

The Company’s diesel engine products include light-duty, medium-duty and heavy-duty engines. Xiamen Yuchai Diesel Engines Co., Ltd. (Xiamen Yuchai), a wholly owned subsidiary of Yuchai, produced approximately 50,000 units in 2011. Its light-duty diesel engines include 4108 (YC4D, 4112 (YC4G), YC4F/YC4FA/YC4G, YC4D/YC4E, YC4G and YC4S. Its medium-duty diesel engines include 6105 (YC6J), 6108 (YC6J), YC6J/LPG/CNG, YC6J, 6108 (YC6A and YC6B) and YC6G. Its heavy-duty diesel engines include 6112 (YC6G) Heavy-Duty Diesel Engines, 6L Heavy-Duty Diesel Engines, 6M Heavy-Duty Diesel Engines and YC6MK Engines. Its other products are YC4W passenger car diesel engines, natural gas engines, diesel power generators, special vehicles, industrial engines, diesel engine parts and remanufacturing services. In 2011, production capacity was approximately 600,000 units. During the year ended December 31, 2011, it sold 510,777 units. Of these, 365,187 units were produced by us, and the remaining units sold were produced by third party manufacturers or taken from existing inventory.

The HLGE group

The HLGE group operates hotels in the People’s Republic of China and Malaysia. The HLGE group owned an investment property, Wisma LKN in Johor Bahru, Malaysia, which was disposed of in 2011 pursuant to a sale and purchase agreement entered into on July 8, 2011. The HLGE group, through its joint venture companies, owns hotels in Shanghai, People’s Republic of China, and Cameron Highlands, Malaysia, and a Copthorne hotel in Qingdao, People’s Republic of China. The HLGE group also owns a serviced apartment building in Shanghai. It also manages, among other things, these hotels in Qingdao, People’s Republic of China, and Cameron Highlands, Malaysia.

Hotel Equatorial Shanghai is located in the heart of Shanghai. The property has more than 500 saleable guest rooms which have all been refurbished and a lounge. Other facilities comprise six food and beverage outlets, ballroom space and a health club. Copthorne Hotel Qingdaois located in the commercial district of Qingdao. The property has approximately 450 saleable guest rooms, and has restaurants and bars, ballrooms and function rooms, entertainment facilities, offices and retail space. Elite Residences comprises a 16-storey building is located in the downtown Shanghai. The property has 119 saleable renovated apartment units, meeting rooms and a business centre. Hotel Equatorial Cameron is a resort comprising approximately 100 self-contained low-rise and high-rise units. Each suite is equipped with a living room, a kitchenette and a balcony. The hotel tower comprises 270 saleable guest rooms.

The TCL group

The TCL group is a distributor of consumer electronic products with operations in the People’s Republic of China (including Hong Kong). The TCL group is engaged in the distribution of a portfolio of branded consumer electronics products, such as Panasonic, Nokia, Hewlett-Packard, Apple, Fuji, Lenovo, Samsung, Sony, and Canon. The products that the TCL group markets under these brand names include digital cameras, data projectors, iPhones, iPads and audio products, including MP3/MP4/MP5 players, plasma and light-emitting diode (LED) televisions, desktop and notebook computers, personal digital assistants, printers, electronic accessories and mobile phones. The TCL group has a distribution and sourcing network in its principal markets of People’s Republic of China and Hong Kong.

The TCL group has created and marketed consumer products under its own brand name, namely YES brand, which is associated with a range of audio player and accessories, portable media players, portable Digital versatile disc (DVD) players, digital photo frames, LED flashlights, battery chargers and memory cards. The TCL group also invests in real estate.

The Company competes with the Dongfeng Group, First Auto Group, Weichai, Xichai and Shangchai.

Company Address

China Yuchai International Ltd

#39-01A
Hong Leong Building, 16 Raffles
    048581
P: +656.2208411
F: +656.2211172

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