| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 93 | 17.6x | 17.8x | Top tier | |
Growth | 89 | 25.4% | 7.1% | Top tier | |
Quality | 23 | — | 4.5% | Bottom tier | |
Safety | 46 | — | 2.6x | Around median | |
Capital Return | 97 | — | 2.12% | Top tier | |
Momentum | 36 | 56.4% | 2.9% | Bottom tier | |
Sentiment | 41 | 3 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
China Yuchai International Limited manufactures and sells engines for a diverse range of markets, including heavy-, medium-, and light-duty trucks, construction equipment and agricultural machinery, industrial and marine applications, and power generation. The company benefits from sales of larger, high-horsepower engines, including engines used in artificial intelligence data centers, while MTU Yuchai, joint ventures, and associates contribute to profits. In the first half of fiscal year 2026, the company sold 277,684 engines, an increase of 10.9% from 250,396 engines in the first half of fiscal year 2025.
In the first half of fiscal year 2026, revenue increased 13.9% to 14.7 billion yuan, gross profit rose 36.5% to 2.5 billion yuan, and the gross margin expanded from 14.3% to 17.1% due to higher volume, an improved product mix, and lower warranty expenses. Operating profit climbed 58.9% to 988.2 million yuan, with the operating margin improving from 4.8% to 6.7%. Net profit attributable to the company’s shareholders also grew 53.2% to 560.6 million yuan, and diluted earnings per share reached 14.81 yuan, compared with 9.75 yuan in the first half of fiscal year 2025.
The truck segment led growth, with truck engine sales rising 20.4%, including growth of 47.3% in heavy-duty truck engines, 23.6% in light-duty truck engines, and 7.9% in medium-duty truck engines. Off-road market sales increased 7.7%, driven by a 42% surge in marine and power generation applications and growth of 15.8% in industrial applications, while agricultural machinery engine sales declined 18.9%. The share of results from associates and joint ventures increased 56.2% to a profit of 95.9 million yuan, supported mainly by higher profits at MTU Yuchai.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rates CYD as Neutral, with a single target of 60 dollars, so the average, high, and low targets are identical and there is no dispersion among estimates on which to rely. This target is slightly below the 52-week range high of 61.48 dollars, while the range low is 28.65 dollars; the Neutral rating reflects a balance between accelerating earnings in the first half of fiscal year 2026 and the risks of competition, pricing pressure at MTU Yuchai, and higher research spending.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Revenue increased 13.9% to 14.7 billion yuan, while gross profit grew 36.5% to 2.5 billion yuan. The company benefited from higher sales of large engines, an improved product mix, and lower warranty expenses, lifting the gross margin to 17.1% from 14.3%. As a result, operating profit rose 58.9% to 988.2 million yuan and net profit attributable to shareholders increased 53.2% to 560.6 million yuan.
MTU Yuchai and the Yuchai brand sold approximately 1,800 engines for artificial intelligence data centers in the first half of fiscal year 2026. Management expects sales to exceed 3,500 units for the full fiscal year 2026. Combined production capacity for all high-horsepower engine applications, whether for data centers or other uses, is approximately 5,000 units in fiscal year 2026.
Higher sales of large engines and heavy-duty truck engines helped raise the gross margin to 17.1% in the first half of fiscal year 2026. However, the high-horsepower engine market is competitive, and the company did not achieve an actual price increase compared with fiscal year 2025, except for passing through some supplier cost increases. At MTU Yuchai, the gross margin exceeded 30%, but declined slightly due to engine costs, pricing pressure, and discounts offered to manufacturers and partners.
The company acquired a 27.97% stake in Nanyue Fuel Injection Systems, known as NYDK. It began consolidating NYDK’s results from 1 April 2026 after Yuchai gained control on 31 March 2026. According to management, the transaction strengthens technical capabilities, access to new powertrain products, and supply chain resilience.
In the first half of fiscal year 2026, the company launched small commercial buses in Hong Kong using the YCY24-65kW Flywheel Range Extender System, or YC-FRS, which reduces the need for fixed charging infrastructure. It also developed its first internal combustion engine powered entirely by ammonia using high-pressure direct injection. Regarding fuel cells, management confirmed on 7 August 2026 that there was no short-term product for power generation, while gas engines intended for North America remained under certification and testing.
Cash and bank balances totaled 8.1 billion yuan as of 30 June 2026, compared with 7.9 billion yuan at the end of fiscal year 2025. Short- and long-term loans and borrowings declined to 1.4 billion yuan from 2 billion yuan over the same period. In July 2026, the company paid a cash dividend of 0.87 dollars per share for fiscal year 2025, compared with 0.53 dollars for fiscal year 2024, and management said payout ratios over the previous 10 years had typically ranged around 30% to 40%, with some variation around that range.
