China Yuchai International Limited (CYD) Second Half and Full Year 2023 Earnings Call Transcript Summary
China Yuchai International Limited (CYD) Second Half and Full Year 2023 Earnings Call Transcript Summary
The following is a summary of the China Yuchai International Limited (CYD) Second Half and Full Year 2023 Earnings Call Transcript:
以下是中國玉柴國際有限公司（CYD）下半年和2023年全年業績電話會議記錄摘要：
Financial Performance:
財務業績：
China Yuchai International Limited reported an increase in revenue by 18.9% in the second half of 2023 and 12.6% for the full year 2023.
The gross profit, operating profit and earnings per share all increased by double-digits in 2023.
Strong balance sheet maintained, with cash and bank balances at RMB6 billion ($852.7 million) as at 31st December 2023.
The Board of Directors declared a cash dividend of $0.28 per ordinary share, paid in August 2023.
FY 2023 revenue was RMB18 billion ($2.5 billion), improving from RMB16 billion in FY 2022, but unit sales decreased by 2.4% to 313,493 units.
Gross profit increased by 16.7% with an improved gross margin of 16.2% due to higher revenue from heavy-duty engines and cost reduction initiatives.
Operating profit and Net profit rose by 17.4% and 30.6% respectively.
Earnings per share increased to RMB6.99 or $0.99 from RMB5.35 in FY 2022.
中國玉柴國際有限公司報告稱，2023年下半年的收入增長了18.9％，2023年全年收入增長了12.6％。
2023 年，毛利、營業利潤和每股收益均增長了兩位數。
資產負債表保持強勁，截至2023年12月31日，現金和銀行餘額爲人民幣60億元（8.527億美元）。
董事會宣佈現金股息爲每股普通股0.28美元，於2023年8月支付。
2023財年的收入爲 RMB18 億美元（25億美元），較2022財年的 RMB16 億美元有所增加，但單位銷售額下降了2.4％，至313,493輛。
由於重型發動機的收入增加和成本削減計劃，毛利率增長了16.7％，毛利率提高了16.2％。
營業利潤和淨利潤分別增長了17.4％和30.6％。
每股收益從2022財年的人民幣5.35元增至人民幣6.99元或0.99美元。
Business Progress:
業務進展：
Sales of truck and bus engines increased by 4% for the second half of 2023, with bus engine unit sales growing 34.5% year-over-year.
Heavy-duty truck engine unit sales improved due to increased logistical and new truck demand.
R&D expenditures, including capitalized costs, were RMB1.1 million or $150.3 million, focusing on performance enhancement of National VIb and Tier 4 emissions standard compliant engines and new energy products.
Hybrid engine YCA07N powers over 1,200 buses in Nanjing.
Marine and power generation businesses merged to form the Guangxi Yuchai Marine and Genset Power Company Limited.
The market for vehicle engines, especially heavy-duty and medium-duty, is expected to grow between 10% to 15% in 2024.
The company plans to maintain the same level of travelling and staff service expenses in 2024 due to their efforts in improving sales and launching new or upgraded engines.
2023年下半年，卡車和客車發動機的銷量增長了4％，客車發動機的銷量同比增長了34.5％。
由於物流和新卡車需求的增加，重型卡車發動機銷量有所改善。
包括資本化成本在內的研發支出爲人民幣110萬元或1.503億美元，主要用於提高符合國家ViB和Tier 4排放標準的發動機和新能源產品的性能。
混合動力發動機 YCA07N 爲南京的 1,200 多輛公交車提供動力。
船舶和發電業務合併成立了廣西玉柴船用發電有限公司。
預計到2024年，汽車發動機的市場，尤其是重型和中型發動機的市場將增長10％至15％。
該公司計劃在2024年將差旅和員工服務費用維持在相同水平，原因是他們努力提高銷售和推出新的或升級的發動機。
More details: China Yuchai International IR
更多詳情： 中國玉柴國際投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。