For the quarter ending June 30, 2023, CHINA YUCHAI INTERNATIONAL ($NYSE:CYD) reported total revenue of CNY 9171.0 million, a 7.0% increase from the prior year’s period. Net income for the quarter was CNY 178.4 million, representing a 90.3% increase over the same period in the prior year.
China Yuchai International had a record second quarter for the fiscal year of 2023, as reported on Thursday. The stock opened at a price of $11.7 and closed at $12.0, an increase of 3.5% from the last closing price of 11.6. China Yuchai International attributed its increased earnings to strong demand in the global construction equipment market as well as robust sales in its internal combustion engines segment. The company also saw significant growth in its sales of heavy-duty diesel engines, which rose by 30% year-on-year.
The company attributed its strong performance to a favorable industry environment, aggressive cost control measures, and increased efficiency in production and operations. With this strong showing in the second quarter of FY2023, investors have high hopes for the rest of the year. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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Cash Flow Snapshot
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Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
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Analysis – CYD Stock Fair Value
At GoodWhale, we have conducted an analysis of CHINA YUCHAI INTERNATIONAL’s fundamentals and have come to the conclusion that the fair value of their stock is around $3.5. This number was calculated using our proprietary Valuation Line. Currently, CHINA YUCHAI INTERNATIONAL shares are trading at $12.0, which is an overvaluation of 241.9%. We believe this to be an opportunity for investors as there is the potential for significant returns if the share price returns to its fair value. More…
Risk Rating Analysis
Star Chart Analysis
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China Yuchai International reported strong financial results for the second quarter of 2023, with total revenue rising 7.0% year-on-year and net income increasing by 90.3%. This positive performance was reflected in the stock price, as it surged on the same day of the earnings announcement. In light of these results, investors may be more inclined to invest in China Yuchai International, given its strong performance and potential for further growth.
Furthermore, the company is well-positioned to benefit from a recovery in the Chinese economy, which is likely to drive higher sales and profits. Overall, investors should consider adding China Yuchai International to their portfolio for its promising outlook.