EX-99.2 3 d439348dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CHINA YUCHAI INTERNATIONAL LIMITED

UNAUDITED CONSOLIDATED INCOME STATEMENTS

For the six months ended December 31, 2022 and 2021

(RMB and US$ amounts expressed in thousands)

 

     Second Half of 2022     Second Half of 2021  
     RMB’000     US$’000     RMB’000     US$’000  

Revenue

      7,462,131       1,071,437       8,636,804       1,240,101  

Cost of sales

      (6,192,112 )      (889,084 )      (7,308,512 )      (1,049,380 ) 

Gross profit

      1,270,019       182,353       1,328,292       190,721  

Other operating income, net

      251,264       36,077       204,487       29,361  

Research and development expenses

      (427,957 )      (61,447 )      (533,116 )      (76,547 ) 

Selling, general and administrative expenses

      (862,073 )      (123,780 )      (835,899 )      (120,021 ) 

Operating profit

      231,253       33,203       163,764       23,514  

Finance costs

      (40,241 )      (5,778 )      (47,518 )      (6,823 ) 

Share of results of associates and joint ventures

      1,849       265       (108,377 )      (15,561 ) 

Profit before tax

      192,861       27,690       7,869       1,130  

Income tax (expense)/credit

      (2,578 )      (370 )      42,435       6,093  

Profit for the period

      190,283       27,320       50,304       7,223  

Attributable to:

         

Equity holders of the Company

      124,857       17,926       18,966       2,723  

Non-controlling interests

      65,426       9,394       31,338       4,500  
     190,283       27,320       50,304       7,223  

Net earnings per common share

         

- Basic

      3.06       0.44       0.46       0.07  

- Diluted

      3.06       0.44       0.46       0.07  

Unit sales

      140,345         171,449    

 

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CHINA YUCHAI INTERNATIONAL LIMITED

UNAUDITED CONSOLIDATED INCOME STATEMENTS

For the years ended December 31, 2022 and 2021

(RMB and US$ amounts expressed in thousands, except per share data)

 

     December 31, 2022     December 31, 2021  
     RMB’000     US$’000     RMB’000     US$’000  

Revenue

      16,030,636       2,301,731       21,265,930       3,053,432  

Cost of sales

      (13,399,986 )      (1,924,014 )      (18,313,817 )      (2,629,558 ) 

Gross profit

      2,630,650       377,717       2,952,113       423,874  

Other operating income, net

      336,756       48,353       316,189       45,399  

Research and development expenses

      (836,438 )      (120,098 )      (848,812 )      (121,875 ) 

Selling, general and administrative expenses

      (1,611,677 )      (231,411 )      (1,755,957 )      (252,127 ) 

Operating profit

      519,291       74,561       663,533       95,271  

Finance costs

      (95,472 )      (13,708 )      (115,928 )      (16,645 ) 

Share of results of associates and joint ventures

      (29,093 )      (4,177 )      (95,895 )      (13,769 ) 

Profit before tax

      394,726       56,676       451,710       64,857  

Income tax expense

      (59,065 )      (8,481 )      (43,816 )      (6,291 ) 

Profit for the period

      335,661       48,195       407,894       58,566  

Attributable to:

         

Equity holders of the Company

      218,581       31,384       272,673       39,151  

Non-controlling interests

      117,080       16,811       135,221       19,415  
     335,661       48,195       407,894       58,566  

Net earnings per common share

         

- Basic

      5.35       0.77       6.67       0.96  

- Diluted

      5.35       0.77       6.67       0.96  

Unit sales

      321,256         456,791    

 

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CHINA YUCHAI INTERNATIONAL LIMITED

SELECTED UNAUDITED CONSOLIDATED BALANCE SHEET ITEMS

For the years ended December 31, 2022 and December 31, 2021

(RMB and US$ amounts expressed in thousands)

 

     December 31, 2022      December 31,
2021		  
     RMB’000      US$’000      RMB’000  

Cash and bank balances

      4,850,743        696,486        5,331,555  

*Trade and bills receivables

      6,792,958        975,355        6,837,118  

Inventories

      4,937,755        708,979        5,208,636  

Trade and bills payables

      6,919,421        993,513        7,361,817  

Short-term and long-term loans and borrowings

      2,341,432        336,190        2,203,000  

Equity attributable to equity holders of the Company

      9,008,946        1,293,534        8,859,152  

*Comparatives

The Group enters into contractual arrangements with certain customers that entitle them to sales rebates based on sales volume achieved in the financial year. The management has determined that it is more appropriate to net such sales rebates with the receivables due from these customers in the same financial year. Where receivables have been settled, such sales rebates will then be classified as refund liabilities. Accordingly, the comparative figures in the balance sheet as of December 31, 2021 had been adjusted to conform with current’s year presentation. The changes to 2021 comparatives have no impact on the income statement, net current assets and net assets of the Group.

 

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