China Yuchai International First Half 2024 Earnings: Beats Expectations

China Yuchai International (NYSE:CYD) First Half 2024 Results

Key Financial Results

• Revenue: CN¥10.3b (up 12% from 1H 2023).
• Net income: CN¥240.3m (up 35% from 1H 2023).
• Profit margin: 2.3% (up from 1.9% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥5.88 (up from CN¥4.37 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Yuchai International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 13% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for China Yuchai International you should know about.

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