The following is a summary of the China Yuchai International Limited (CYD) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 2024 revenue reached RMB10.3 billion, up from RMB9.2 billion in the first half of 2023.

• Net profit attributable to equity holders increased by 34.7% to RMB240.3 million.

• Gross profit margin improved to 16.8% from 16.2% in the same period last year, thanks to higher engine sales and cost reduction efforts.

• Basic and diluted earnings per share increased from RMB4.37 to RMB5.88.

Business Progress:

• Focused on expanding its engine unit sales in various market categories, achieving a 12.4% growth in sales.

• Launched new energy products and participated in innovative projects like the QT700-10 turbine fan-made shaft and hydrogen-fired engines.

• Implemented equity incentive plans to align interests of senior leaders and key employees with company success.

• Announced a share buyback plan and declared a cash dividend to enhance shareholder value.

Opportunities:

• Marked increase in engine sales across heavy-duty, medium-duty, and light-duty truck and bus markets, exceeding industry growth rates.

• Developing new energy products and expanding in alternative fuel applications, demonstrating leadership in hydrogen and hybrid engine technologies.

More details: China Yuchai International IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.