Why Is China Yuchai International Stock Gaining Today?
Why Is China Yuchai International Stock Gaining Today?
China Yuchai International Limited (NYSE:CYD) shares are trading higher after the company announced a repurchase of up to $40 million or 4 million shares (whichever occurs earlier).
中國玉柴國際有限公司（紐交所：CYD）的股票正在交易中，因公司宣佈回購價值高達4000萬美元或400萬股股票（以先達到其一者爲準）而上漲。
The company plans to fund repurchases under the share buyback plan from operating cash flow and the existing cash balance.
本公司計劃通過營運現金流和現有現金儲備來資助股票回購計劃下的回購。
In a press release dated February 27, the company said its cash and bank balances were RMB6.0 billion ($852.7 million) as of December 31, 2023.
在一份2023年12月31日的新聞稿中，該公司表示其現金和銀行存款爲人民幣60億元（8.527億美元）。
The shares purchased under the share buyback plan will be held as treasury shares upon purchase.
股票回購計劃下的股票回購將作爲庫存股份持有。
In a seperate release, the company announced its Board of Directors has approved two equity incentive plans, proposed to be implemented by its Chinese subsidiaries, Guangxi Yuchai Machinery Company Limited and Guangxi Yuchai Marine and Genset Power Co., Ltd.
該公司在另一份新聞稿中宣佈，其董事會已經批准了兩個股權激勵計劃，擬由其中國子公司廣西玉柴機械股份有限公司和廣西玉柴船用動力股份有限公司實施。
The development pertains to equity interests in MGP, a wholly-owned subsidiary of Guangxi Yuchai Machinery Company.
此舉涉及玉柴機械全資子公司MGP的股權。
Guangxi Yuchai Machinery Company is a 76.41%-subsidiary of China Yuchai.
廣西玉柴機械股份有限公司是中國玉柴的76.41%子公司。
Last month, Guangxi Yuchai Machinery Company announced that 50 green energy buses equipped with Yuchai Xingshunda hydrogen fuel cells debuted at a ceremony in Beijing.
上個月，廣西玉柴機械宣佈，配備了玉柴興順達氫燃料電池的50輛綠色能源公交車亮相北京。
Yuchai Xingshunda is a 65% owned joint venture of Guangxi Yuchai Machinery Company established in 2022 with Beijing Xing Shun Da Bus Co., Ltd. for the development, manufacturing and sale of fuel cell powertrain systems as well as core fuel cell power system components.
興順達是廣西玉柴機械股份有限公司在2022年與北京星順達巴士股份有限公司成立的持股比例爲65%的合資公司，旨在開發、製造和銷售燃料電池動力總成系統以及核心燃料電池動力系統元件。
Price Action: CYD shares are trading higher by 8% to $9.11 at last check Friday.
股票行情：CYD股票目前正在交易中，漲幅爲8%，報9.11美元。
Image from Shutterstock
來自Shutterstock的圖片
譯文內容由第三人軟體翻譯。