What is China Yuchai International's latest dividend and current dividend yield?

What guidance did China Yuchai International's management provide for the next earnings period?

What were the key takeaways from China Yuchai International's earnings call?

What is China Yuchai International's gross profit margin?

What is the market's earnings forecast for China Yuchai International next quarter?

What factors drove the changes in China Yuchai International's revenue and profit?

Did China Yuchai International beat or miss consensus estimates last quarter?

What does China Yuchai International do and what are its main business segments?

- **Revenue Surge**: 34% YoY growth to RMB 13.8 billion, outpacing market declines in truck and bus segments.
- **Data Center Dominance**: 650 genset engines shipped to data centers in H1, with JV MTU contributing 350 units.
- **Capacity Expansion**: Yuchai engine capacity to increase 30% by Q4 2025, but JV constrained by component shortages.
- **Financial Strength**: Net profit up 52.2%, cash balance of RMB 7.8 billion, and dividend payout of USD 0.53 per share.
- **Global Expansion**: ASEAN market penetration via Thailand production and Vietnam tech licensing.

**【CEO Opening Remarks】**
- **Revenue Growth**: First-half 2025 revenue rose 34% YoY to RMB 13.8 billion (USD 1.9 billion), driven by strong engine sales across all segments.
- **Market Outperformance**: Unit sales exceeded market growth in truck, bus, and off-road segments. Heavy-duty truck engine sales grew 40.7% YoY vs. -2.8% market decline.
- **New Energy Expansion**: Power generation engines for data centers saw 31.5% YoY growth in marine and genset markets. MTU Yuchai JV launched Series 4000 engines, with plans to add MTU 2000 and Yuchai VC series models.
- **International Expansion**: ASEAN market penetration via Thailand subsidiary and Vietnam tech licensing agreements.
- **Financial Strength**: Cash balance of RMB 7.8 billion (USD 1.1 billion) and dividend payout of USD 0.53 per share.

**【CFO Financial Commentary】**
- **Revenue & Profit**: Operating profit up 42.3% YoY to RMB 621.7 million (USD 86.9 million). Net profit rose 52.2% to RMB 365.8 million (USD 51.1 million), with EPS up 65.8% to RMB 9.75.
- **Cost Management**: Gross margin maintained at 13.3%, with SG&A expenses growing 27.4% due to personnel costs. R&D spend rose 21.1% to RMB 476.7 million (USD 66.6 million), but R&D intensity fell to 4.0% of revenue.
- **Balance Sheet**: Trade receivables up 44% to RMB 12.7 billion (USD 1.8 billion), offset by stable inventory levels.

**【Q&A Highlights】**
- **Capacity Constraints**: Yuchai engine production capacity to expand 30% by Q4 2025, but JV MTU Yuchai limited by German component supply.
- **Data Center Engines**: 650 units shipped to data centers in H1 2025, with JV MTU contributing 350 units. Full-year demand exceeds current capacity.
- **Market Share**: >10% global market share in long-bore genset engines, with plans to maintain share through OEM partnerships.
- **Dividend Policy**: No buyback plans, but dividend payout to continue based on cash flow.
- **Export Growth**: Export sales driving off-road engine growth, with 27.2% YoY rise in industrial applications.


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