China Yuchai International H1 Profit Declines; Revenue Up 26.8%

(RTTNews) - China Yuchai International Limited (CYD) said it experienced robust growth in many of the company's target markets in the first half of 2021. Heavy-duty truck engine unit sales (excluding gasoline-powered and electric-powered vehicles) grew by 33.3%. Off-road unit sales grew by 60.7% during the period.

First-half net profit attributable to equity holders declined to RMB 253.7 million from RMB 305.7 million, prior year. Earnings per share was RMB 6.21 compared to RMB 7.48.

First-half revenue increased by 26.8% to RMB 12.6 billion from RMB 10.0 billion, a year ago.