China Yuchai (CYD)
Builds engines and powertrain systems for commercial vehicles, equipment, marine uses, and power generation.
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Operates through Yuchai, which supplies engines and powertrains to commercial-vehicle, industrial-equipment, marine, and power-generation markets. Combustion-engine products sit alongside natural-gas, alternate-fuel, electric, hybrid, range-extender, and fuel-cell systems.
Built around Yuchai, the company designs, manufactures, assembles, and sells engines for trucks, buses, pickups, construction and agricultural equipment, marine uses, and power generation. Its powertrain portfolio spans diesel, natural gas, alternate-fuel, pure-electric, range-extender, hybrid, and fuel-cell systems.
Manufacturing is concentrated in Yulin City, while Yuchai sells to OEMs and distributors through regional sales offices and authorized service centers in China and internationally. The listed holding company also has HL Global Enterprises as a significant Singapore subsidiary.
Control is concentrated with Hong Leong Asia through a major shareholding and special share. Yuchai remains the main operating asset and historic primary cash-flow source.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 27, 2026 | Citigroup | Upgrade | Rating: — | |
| Jan 6, 2026 | UBS | Target | Target: — | Target: $60 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.21B · Total debt $213.9M · Total assets $4.17B · Shareholders' equity $1.52B
- Revenue
- $2.17B
- Operating income
- $123.9M
- Net income
- $82.9M
Reported in CNY, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | ≈ 22.60% | 8.48M ADS | |
|---|---|---|---|
| 126 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Strategic holders | 47.96% | 17.99M ADS | |
| 1 holder · as of Sep 18, 2020 | |||
| Other | ≈ 29.44% | 11.04M ADS | |
| remainder | |||
37.52M ADS as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Hong Leong Asia Ltd. (“HLA”)Strategic | 47.96% | 17.99M | filed Sep 18, 2020 |
Shah Capital Opportunity Fund LPInstitution | 10.16% | 3.81M | filed Sep 3, 2024 |
Shah Capital ManagementInstitution | 3.57% | 1.34M ADS | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 3.35% | 1.26M ADS | as of Jun 30, 2026 |
Abrdn PLCInstitution | 1.43% | 535,575 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Poh Kiat Neo | director | −8,000 | $45.69 |
| Aug 12, 2026 | Choon Sen Loo | officer: Chief Financial Officer | −13,200 | $46.95 |



