Half Year 2024 China Yuchai International Ltd Earnings Call

August 12, 2024

Operator: Good day, and thank you for standing by. Welcome to the China Yuchai International Limited First Half 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Operator: Good day, and thank you for standing by. Welcome to the time when you try International Limited first half 2020 for financial results conference call.

Operator: After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising that your hand is raised.

Operator: After this time, we'll participate in a listen ID made.

Operator: After this week's presentation, we'll be requesting another session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is right. To assure a question, please press star 1-1 again.

Operator: If you wish to ask a question by the webcast, please use the Q&A box available on the webcast link and sign in during the conference.

Operator: Please be advised that today's conference is being recorded.

Operator: To withdraw your question, please press star 1 1 again. If you wish to ask a question via the webcast, please use the Q&A box available on the webcast link anytime during the call. Please advise that today's conference is being recorded. I would like to now turn the conference over to Kevin Theiss. Please go ahead, sir.

Okay.

Good day and thank you for standing by welcome to the China, You try International limited first half 'twenty 'twenty financial results Conference call.

Operator: I would now like to now turn the conference over to Kevin Theiss. Please go ahead, sir.

Kevin Theiss: Thank you for joining us today and welcome to the China Yuchai International Limited conference call and webcast for the first six months of 2024, ended on June 30th, 2024. Joining us today are Mr. Wei-Ming Ho and Mr. Chun-Sen Liu, President and Chief Financial Officer of CYI, respectively. In addition, we also have in attendance Mr. Kelvin Lai, General Manager of Operations of CYI.

Kevin Theiss: Thank you for joining us today, and welcome to China Yuchai International Limited conference call and webcast for the first end. Mr. Sun Sen Liu, president and chief financial officer of CYI respectively.

At this time all participants are in a listen only mode.

After the Speakers' presentation there'll be a question and answer session to ask a question. During this session you will need to press star one one on your telephone you will then hear an automated message advising you'll have this right to withdraw your question. Please press star one one again, if you wish to ask a question by the webcast. Please use the Q&A box available on the webcast link any.

Kevin Theiss: In addition, we also have an attendance, Mr. Kelvin Live, General Manager of Operations of CYI.

Time during the conference. Please be advised that today's conference is being recorded.

Kevin Theiss: Before we begin, I will remind all listeners that throughout this call, we may make statements and may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words, believe, expect and anticipate, reject targets optimistic confidence that continue to predict, depend, aim, will or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical past are statements that may begin forward-looking statements. These forward-looking statements include but are not limited to statements concerning the company's operations and financial performance and conditions in our based on current expectations to release any functions which are subject to change at any time.

Kevin Theiss: Before we begin, I will remind all listeners that throughout this call, we may make statements that may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words believe, expect, anticipate, project, target, optimistic, confident, that, continue to, predict, intend, aim, will, or similar expressions are intended to identify forward-looking statements. All statements other than statements of a choral fact are statements that may be deemed proverbial.

Now I would like to now turn the conference over to Kevin. Please. Please go ahead Sir.

Thank you for joining us today and welcome to China, You try International Limited's Conference call and webcast for the first six months of 'twenty 'twenty. Four ended on June 30 of 2020 for joining US today are Mr. Wei mean, Howe and Mr. Johnson, Lou President and Chief Financial Officer of C y I.

In addition, we also have in attendance Mr. Kelvin Lai General manager of operations of <unk>.

Kevin Theiss: These forward-looking statements include, but are not limited to, statements concerning the company's operations and financial performance and conditions and are based on current expectations, beliefs, and assumptions, which are subject to change at any time. The company cautions that these statements, by their nature, involve risk and uncertainty, and actual results may differ materially, depending on a variety of important factors, such as government and stock exchange regulations. Competition, political, economic, and social conditions around the world and in China, including those discussed in the company's Form 20-S under the headings Risk Factor, Results of Operations, and Business Overview and another report filed with the Securities and Exchange Commission from time to time.

Before we begin I'll remind all listeners that throughout this call. We may make statements that may contain forward looking statements within the meaning of the private Securities Litigation Reform Act of 1995. The words believe expect anticipate project target optimistic confident that continue to predict.

Kevin Theiss: The company causes that these statements by their nature involve risk and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political and economic and social conditions around the world and in China, including those discussed in the company's Form 20S, under the headings for risk factors, results of operations, and business overview, and another report filed with the Securities and Exchange Commission from time to time.

Intend aim will or similar expressions are intended to identify forward looking statements. All statements other than statements of historical fact are statements that may be deemed forward looking statements. These forward looking statements include but are not limited to statements concerning the company's operations and Fi.

Actual performance and condition and are based on current expectations beliefs and assumptions.

Kevin Theiss: All forward-looking statements are applicable only as of the date they are made, and the company specifically explains any obligation to maintain or update the forward-looking information, whether of the nature contained in the press release made to on today's call or otherwise in the future.

Kevin Theiss: All forward-looking statements are applicable only as of the date they are made, and the company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in the press release, made during today's call, or otherwise in the future. Mr. Hoh will provide a brief overview and summary, then Mr. Loo will review the financial results for the first half to June 30, 2024. Thereafter, we will conduct a question and answer session.

Subject to change at any time.

<unk> cautions that these statements by their nature involve risks and uncertainties.

Actual results may differ materially depending on a variety of important factors such as government and stock stock exchange regulations competition, political economic and social conditions around the world and in China, including those discussed in the company's form 20-F under the headings risk factors results of.

Weng Hoh: The ho will provide a brief overview and summary, then Mr. Liu will review the financial results for the first half in June 30, 2024.

Weng Hoh: Thereafter, we will conduct a question in the next session where the purposes of today's call for 2024 and 2023's first half-year financial numbers are unaudited, and they will be presented in R&B and U.S. hours. All the financial information presented is reported using the Intermezzo Financial Reporting Standards as issued by the Intermezzo Accounting Standards Board.

Kevin Theiss: For the purposes of today's call, the 2024 and 2023 first half-year financial numbers are unaudited, and they will be presented in RMB and US dollars. All the financial information presented is reported using the International Financial Reporting Standards as issued by the International Accounting Standards Board. Mr. Hoh, please begin your prepared remarks. Thank you, Kevin.

And business overview and then other reports filed with the Securities and Exchange Commission from time to time all forward looking statements are applicable only as of the date. They are made the company specifically.

Claims any obligation to maintain or update the forward looking information.

Other of the nature contained in the press release made towards today's call or otherwise in the future.

Weng Hoh: Mr. Ho, please begin your prepared remarks. Thank you very much. We are here to report higher revenue, property profit, and higher earnings to share in the first half of 2024, compared to the 60th year last year.

Mr. Hoh will provide a brief overview and summary, then Mr. Lu will review the financial results for the first half ended June 32024.

Weng Hoh: We are here to report higher revenue, operating profits, and higher earnings per share in the first half of 2024 compared with the same period last year. Sir, could you write down the 4% or the 16.2% increase in unit sales? In his book, On a Year-over-Year Basis, the achieved income from sales grows in every market category except pickup, which is a small portion of sales.

Thereafter, we will conduct a question and answer session.

Weng Hoh: First group, by short, will talk to them on the 60th and 20th of June, increasing in its sales in its sales. On a year earlier on basis, the industry sales growth in every market category, etc., which is a small portion of sales. Combined in the influence of our industry, the truck impact market rose by 32.8% year-old year, compared with data from time and situation of automobile manufacturers C&N, sharing truck and bus vehicle sales growth of 4.4% year-old year. Our unit sales is an important truck in the market group by 35.6% year-old year, compared to an increase of 3.7% per truck, and we will use it according to C&M data.

For the purposes of today's call the 'twenty 'twenty four and 2023 first half year financial numbers are unaudited and they will be presented in RMB and U S dollars.

All the financial information presented is reported using the international financing financial reporting standards.

Weng Hoh: Combined unit cost of our engines in the trucks and bus markets rose by 232.8% year-over-year compared with data from China Association of Automobile Manufacturers, C&M, Turing, Tri, and Dunn Vehicle Sales Group of 4.4% Euro Year. Our unit sales in the important trucks in the market grew by 35.6% year-over-year compared to an increase of 3.7% per truck, research fields according to CAMP summer 2010. Our heavy duty truck engine sales grew by 32.9% year-on-year, compared with a 0.3% increase in DCAM heavy truck vehicles sales in the first half of 2034. Can a medium-duty truck vehicle go faster than a light truck?

Issued by the International Accounting standards Board Mr. Hoh. Please begin your prepared remarks. Thank.

Thank you Kevin we are pleased to report higher revenue operating profit and earnings per share in the first half a penny for the fall compared with last year.

Sales grew by 12, 4% at 63% increase in unit sales.

On a year over year basis.

The chief engineer.

Sales growth in every market category.

Yep.

Weng Hoh: Our agency truck in the sales group by 32.8% year-old year, compared with a 0.3% increase in the sales group by 32.8% year-old year, compared with a 0.3% increase in the sales group by 32.8% year-old year, compared with a 0.3% increase in the sales group by 32.8% year-old year, compared with a 0.3% increase in the sales group by 32.8% year-old year, compared with a 0.3% increase in the sales group by 32.8% year-old year, compared with a 0.3% increase in the sales group by 32.8% year-old year, compared with a 0.3% increase in the sales group by 32.8% year-old year, compared with a 0.3% increase in sales group by 32.8% year-old year, compared with a 0.3% increase in sales group by 32.8% year-old year, compared with a 0.3% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 32.8% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase in sales group by 19.9% increase The total value of export work by 6.9 to 10 year old year for the first half of 34.

Is a smallpox bulk sales.

Unit sales of our agents in the truck and bus markets rose by 32, 8% year over year.

This data from China Association.

Automobile manufacturers.

Sure.

Truck and bus vehicle sales growth of four 4% year on year.

Weng Hoh: before a year-on-year increase of 33.1% compared to some different forces. Likewise, our light duty squadron has also failed to execute a 30 AAM vehicle fail, growth growing by 45.6% compared to 5.4% year-on-year in the first half of 2024. Similarly, our gas engine sales in the heavy, medium, light, and light-duty market segments brought us a year-on-year growth of 40.3%, 32%, and 28.2%, respectively, in the first half of 2024. Our Indian sales in the offshore market exceeded 104,000 units in the first half of 2024, representing a 6.4% year-on-year growth. These sales were led by a 13.1% increase in Indian sales in the industrial segment compared to the same period last year. However, marine and generator engine units still decreased by 5.2%, with higher demand from data centers.

Are you still in the important truck engine market grew by 35, 6% year over year.

The increase of three 7% for trucks.

Sales according to see either.

Our heavy duty truck engine sales grew by 32, 9% year over year compared with zero by 3% in cricket.

Heavy truck vehicles.

First of all that is pretty cool.

And our medium duty truck engine sales grew faster than.

Medium duty truck vehicle sale.

We saw a year over year increase of 33, 1%.

Compared to 74%.

Likewise, our light duty truck engine sales.

A lot of that.

Vehicle sale.

Growing by 45, 6% compared to five 4% year over year.

Often it pretty full.

Similarly.

Our bus engine sales in the medium.

And like get them up to 10 months a year over year growth.

Weng Hoh: New Indian products finished growing by 19.9% year-over-year from a small period of this emerging product. Do these notable results achieve the size-lower economic growth in China? According to the National Bureau of Statistics, China's GDP increased by 5% year-over-year in the first six months of 2024. However, 2024's 10-quarter GDP growth declined to 4.7%, compared with an estimate of 5.1% growth and down from the 5.3% growth in the first quarter of 2024. While the Chinese economy grew in the first half of 2024, growth was uneven in different market segments; equipment manufacturing increased by 7.8% and high-tech manufacturing increased by 8.7% for a select segment of industrial enterprises. The total value of exports rose by 6.9% year-on-year for the first half of 2024. However, property investment fell 10.1%, and home sales by floor area fell 19% in the first half of 2024 from the year earlier.

3%, 32% and 32% respectively in the first half.

But he said before.

Our engine sales to the off road market exceeding 104000 units for the first half of 'twenty thing, Paul representing a six 4% year over year growth. This.

These sales were led by a 13, 1% increase.

In the industrial segment competitors.

Yeah.

Worried and generator generation engine.

It still increased by $5 chipset with higher demand from data centers.

<unk> product sales.

Sales grew by 19, 9% year over year for a from a small base from these emerging products.

These notable results were achieved despite slower economic growth in China.

According to the National Bureau of statistics.

<unk> increased by 5% year over year for the first.

Six months ago.

However, fourth quarter GDP growth despite the report itself.

Weng Hoh: However, property investment is 10 for 1 to 10 and home sale by floor area 1119% in the first half of 34 from the year earlier to the military.

7%.

With an estimate of what the tank girl and now from the pipeline 2% growth.

Fourth quarter.

Paul.

While the Chinese economy grew in the first half a penny penny for growth was uneven in different market segments.

Weng Hoh: In the first half of 24, our total R&D expenditures, including copyright costs, were R&D 462.6 million or even 55 million dollars. From time to R&D 452 million in the first half of 33, we continue to improve the quality and performance of our nation's 64 inches. During SDF industry, the development of the next generation research standards for ongoing of potential markets. In addition, the continuing, continuing development of new and fixed products in previous products uses alternatives to new fields remains as a high priority. We have established a standards of use and producing new and fixed power trends including two hydrogen-file engines, re-stealing renewable nitrogen and off-air power generation system as a production plant which utilizes off-air discharges to generate power and eliminate greenhouse gas emissions.

Weng Hoh: In the first half of 2024, our total R&D expenditure, including capitalized costs, was R&D $463.6 million, or US $65 million, compared to R&D $465.2 million in the first half of 2023. We continue to improve the quality and performance of our Exynos 6 and Tier 4 engines, even as we have initiated the development of the next-generation emission-standard engines for on-run and off-run future products. In addition, the continuing development of new and cheap products, including products using alternative fuels, is a high priority.

Manufacturing increased by seven 8%.

Hi manufacturing increased by eight 7% for our satellite segment of industrial enterprises.

The total value of export rose by six 9% year over year.

First half a penny.

Our property investment fell 10 point once the fed and homeless sales by Florida area fell 19% in the first.

Oh from.

From the year earlier.

Similar period.

In the first half of 'twenty 'twenty, four our total R&D expenditure, including capitalized costs.

Weng Hoh: We have established a track record of introducing new energy powertrains, including two hydrogen-fired engines using renewable hydrogen, an off-gas power generation system, and a production plant which utilizes off-gas dischargers to generate power and eliminate greenhouse gas emissions. And the new model YTA-07M hybrid engine, which was chosen to power 10 liter gas-electric hydrocarburettors in Bratislava. In the first half of 2024, new energy applications include the first 50 fossil-fuel-cleaned low-fuel diesel engines using our hydrogen-fuel cells for many commercial operations, and the launch of QT700-10 turbine-framed shafts to improve wind power performance to reduce carbon emissions.

RMB $463.

Our U S $55 million compared to RMB $455 2 million.

Got it.

Three we continue to improve the quality and performance of our national.

For inkjet you wouldn't have to have initiated the development of next generation imager and.

Weng Hoh: And the new modern YTA 07M hybrid engines, which are chosen to power 10, is suggested as a hybrid hypothesis.

Engine or underwriting.

In addition, the continuing continuing development of new and hip product breadth and product.

Weng Hoh: In the first half of 34, new energy applications include the first 50 two-zone single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero single-zero Thailand is trying to make sure to share it on the open market and to really market prices in private resources and transactions, or by under-reliability for miserable gains.

It feels.

Remains at a high priority.

We have established a track record.

Using new any key powertrain, including <unk>.

<unk> hydrogen engine is in renewable hydrogen and off gas power generation system at a production plan.

Oh, yes, this target to generate power and eliminate greenhouse gas emissions and the new model I E N.

Weng Hoh: As a result of this innovative achievement, Guangxi-Chinese Minerals Company Ltd. Tony Cha, our main operating subsidiary in China, was appointed as a committee member of the Mineral Hydrogen Combustion Engine Innovation Consortium Division of the China Internal Combustion Engine Society. The consortium will lead the development of hydrogen combustion engines for applications in automobile, power generation, marine, and industrial and agricultural industries, among other applications.

<unk> hybrid engine, which was chosen our pending electric.

Electric hybrid.

In the first half was principally for new LNG applications include the first 50 total peak load trough Peter buses.

Using a hydrogen fuel cell a mens publish operations.

The launch of Q T cell under desk, and they're buying when they shop.

Wind power performance.

Weng Hoh: The Chinese improved performance equity-incentive play has been demonstrated by our subsidiaries. Selected senior men, leaders and key employees of Yuchai and his subsidiaries, acquired indirectly their respective portions of the enlarged building first off, while Yuchai hurriedly enhanced the power of the limiters, so MPGs, to better align their interests with the success of this organization. These incentives for selected participants are important to motivate them for their continued contributions, dedication, and loyalty to long-term growth.

Kevin.

As a result, this innovative achievement, while CE times upper limit on each hub.

Operating subsidiary in China.

I was appointed as a complete team member of new hydrogen combustion engine innovation consortium division of the China.

On the combustion engine side.

The consortium will lead the development of hydrogen.

In engine for applications in the automobile power generation, Laurie and industrial and agricultural industries among others.

Patients go on.

Encourage improved performance equity incentive plans have been implemented by our subsidiaries.

Choon Loo: In early June, the company adopted a share-buyback plan whereby the company may repurchase its ordinary shares up to US$20 million a month or US$4 million in the number, whichever occurs first. China Yuchai may repurchase shares on the open market at severely marked prices in privately negotiated transactions or by other legally permissible means, assisting with the children's work in finance through operating cash flow and existing cash balance. In addition, the company has declared a tax dividend of US$0.38 per ordinary share for shareholders of record S of the closed office on August 19, 2024, to be paid on August 28, 2024.

Selected senior men have leaders in place of any subsidiary acquired indirectly irrespective portions of getting lunch with interest.

<unk> tried to marine and Joseph.

Oh NPG.

To better align their interest with the success of this organization.

Incentives.

Weng Hoh: Share resources will be financed through operating cash flow and existing cash balances.

For selected participants in order to motivate them for their continued contributions dedication and loyalty for long term growth.

Weng Hoh: In addition, the company has declared a cash dividend of US or INSAN for a return or share this of the cost as of the cost of business on August 19th, 2024, to be paid on August 28th, 2024. This is sharing the shares and dividend distribution reward demonstrates how come you want to share the money.

In early June the company adopted a share buyback plan, whereby the company may repurchase its ordinary shares.

$20 million in dollar amount of formula in.

And that number will occur first.

Choon Loo: His share appreciation and dividend distribution reward demonstrate how committed to shareholder values. With that, I would now like to turn the call over to Choon Seng Loo, our Chief Financial Officer, who will provide more details on the financial results. Choon Seng Loo, thank you very much. Thank you for listening. Now, let me review our unaudited six months and the Constitution Society of Cannes.

China in China repurchase shares on the open market.

The early market prizes in privately negotiated transactions all by other legally permissible means.

Mr. Sun Sen Liu: In fact, I would now like to turn the call over to the same news, our chair manager of this full-on-the-line non-detail on the financial result to make the change of the price. Continuing, now let me review our completed six months. We got 10.3 billion a year dollar, 1.4 billion, for paid with ID $9.2 billion in third half, 2022. The total number of engines flow by this side is third half, 2034, increased by 16.2 percent to 1.92,000; sometimes they are too unique, comparing it to 1.65,000; sometimes they are too unique, in third half, 2023. The increase was mainly driven by 35.6 percent increased in third-engine sales, with 30.2.9 percent. Additionally, in third-engine sales, rose by 21.3 percent, and 10.2.9 percent for industrial competition, 3.9.3 percent for the market of rent, still increased in all products, territory, asset, and crops.

Share repurchases will be financed through operating cash flow.

Choon Loo: Elmio was R&D 10.3 billion, a U.S. dollar 1.4 billion, compared with R&D 9.2 billion in the first half of 2023. The total number of engines sold by Yuchai in the first half of 2034 increased by 16.2% to 192,783 units compared with 165,783 units in the first half of 2033. The increase was mainly driven by a 35.6% increase in truck Additionally, bus engine sales rose by 21.7%, and engine sales for industrial applications increased by 32.1%.

Cash balances.

In addition, the company here.

Stay with us.

In thin film.

Sure Paul shareholders of record.

Close of business on August 19th.

Paul will be paid on August 28, 2020 for this.

These share repurchases and we doesn't distribution reward demonstrate our commitment to shareholder value.

With that I would now like to turn the call over to choosing Lou <unk>, Our Chief Financial Officer, who will provide more detail on the financial results.

Kim.

Now let me review.

Six months.

Results in the June 2024.

You'll be awards RMB 10, 3 billion of U S.

One 4 billion compared with RMB nine 2 billion in first half 2023.

The total number of engines sold by <unk> in first half 'twenty 'twenty four increased by 16, 3% to 192733 units.

Choon Loo: Sales increase in all products and categories, except aircraft. According to data recorded by the China Association of Automobile Manufacturers, Seeing AAM in the first half 2034, commercial vehicle unit sales, excluding gasoline-powered and electric-powered vehicles, increased by 4.4% compared to the first half 2023, as truck and bus sales increased by 3.7% and 9%, respectively. Gross profit was up by 16.8% to RMB1.7 billion or USD242.9 million from RMB1.5 billion in the first half of 2033. Gross margin grew to 16.8% as compared with 16.2% in September 2022. The increases in gross profit and gross margin were mainly attributable to high energy sales, especially sales of heavy duty, vehicle engine, and industrial engine and contributions from ongoing cost reduction efforts.

165783 units in first half 2023.

Mr. Sun Sen Liu: According to data reported by the China Association of Skogong Review, Manufacturers, C.A.D.M. in third half, then 34, commercial record units still excluding strengthening power and electric power results increased by 4.4 percent for paid with third half, 2033, and 3.8 percent increased by 3.7 percent and 9 percent respectively. Block profit was supply 16.8 percent to I.D.M. 1.3 billion or US dollars 242.9 billion from I.D.M. 1.5 billion in third half, 2033. Block margin due to 16.8 percent as compared with 16.2 percent in third half, 2033. Increases in growth profit and growth margin will mainly be attributable to high-engine sales, especially sales of fairly 2D, weaker-engine, paying-nature-engine, and institutions from all-worldly cross-production efforts.

The increase was mainly driven by a 35, 6% increasing truck engine sales.

Heavy duty trucking gcu's up by 32, 9% additional.

Additionally, bus engine sales rose by 21, 7%.

<unk> sales for industrial applications increased.

Great.

One.

Sales increased in all product characterized.

Picked up.

According to data reported by the China Association of automobile manufacturers.

C a M.

In first half company for homeless sure retail unit sales, excluding gasoline powered and Iraq.

Power vehicles increased by four 4% compared to first half turning to retreat as truck and bus sales increased by three points.

At 9% respectively.

Gross profit was up by 16, 8% to RMB, one 7 billion or USD $242 9 million from RMB, One 5 billion in first half 'twenty three.

Mr. Sun Sen Liu: Other open accounts issued by D.M. 1.8 percent to I.D. 1.4 billion or US dollars 24.8 billion for paid with I.D. 16.2 billion in third half, 2033. The increase was mainly due to damage run, and the damage reduced on very high levels.

Choon Loo: After operating in the town, it increased by 32.8% to RMB$124.1 million or USD$24.4 million compared with RMB$136.2 million in the first half of 2033. The increase was mainly due to a downward run and the downward repeat on value-added tax, research and development R&D expenses decreased by 3.1% to R&D $393.6 million or US$55.2 million compared with RMB406 million in the first half of 2023. The company continues to invest in research and development for on-road engines in the commercial vehicle market and off-road engines as well as new energy products.

Most margin.

Two to 16, 8% as compared with 16, 2% in first half 2023.

The increases in gross profit and gross margin were mainly attributable to higher sales.

Mr. Sun Sen Liu: Research and development I.D. advantage is decreased by 3.1% to I.D. 3.6 million for U.S. dollars is 5.2 million compared with I.D. 4.6 million in first half 2023. The company continues to invest in research and development for 1.5 million in the commercial retail market and of road engines, as well as new energy products. 4.2 million in the expenditure, including totalized toll, will I.D. 4.63 million for U.S. dollars is 5.5 million in the first half of 2024 as compared to I.D. 4.6.5.2 million or 5.1% of brand new is 3.2. So in general, an energy energy energy and day expenditure increased by 30.2% to I.D.

Sales, especially sales of heavy duty.

And geez.

Sure in June.

Contributions from ongoing cost reduction efforts.

Other operating income increased by three 8% to RMB $174 1 million or U S. Dollar $24 4 million compared with RMB $136 2 million in the first half baked any treat.

The increase was mainly due to Darwin drugs and the governments repeat on value added tax.

Choon Loo: Total R&D expenditures, including capitalized costs, were R&D $463.2 million or US$65 million, representing 4.5% of revenue in the first half of 2024 as compared to R&D $465.2 million or 5.1% of revenue in the first half of 2023. Selling General and Administrative SG&A expenses increased by 30.3% to RMB1.1 billion or USD$150.8 million from RMB824.7 million in the first half of 2023 The increase was mainly due to high-involvement expenses and high-involvement pollution of personnel costs compared with the same period last year.

Research and development R&D expenses decreased by three 1% to RMB.

$393 6 million or U S. Dollar was $55 2 million compared with RMB $406 million in first half 'twenty three.

The company continues to invest in research and development for <unk> in the commercial vehicle markets and off road engines as well as new energy products.

Mr. Sun Sen Liu: 1.1 million or U.S. dollars 15.8 million from I.D. 8.4.7 million in third half 2023. The increase was mainly due to high-wantier expenses and high-want position of personnel for comparison in the state-of-the-largest year.

Total R&D expenditure, including capitalized costs.

$463 2 million or <unk> $65 million, representing 45% revenue in first half 'twenty 'twenty four is probably.

To RMB $465 2 million or five 1% revenue in first half 2023.

Choon Loo: SG&A expenses represented 10.4% of revenue for the first half 2034 compared with 9% in the first half 2033. Operating profit increased by 12.7% to RMB486.9 million or USD61.3 million from RMB287.7 million in Q1 2023. The operating margin remains steady at 4.2% in both periods. Finance costs declined by 23.7% to RMB40.9 million or USD5.7 million from RMB53.6 million in the first half of 2023, mainly due to lower bill discounting.

Mr. Sun Sen Liu: M.G.A. and pension, re-references 4.4% of the revenue for first half 2024 from 30.9% in first half 2022. The increase was increased by 12.7% to I.D. 436.9 million or U.S. Dollars is 1.3 million from I.D. 316.7 million in first half 2023. The remaining margin remained at 402% in both years. By the end of the time by 33.7% to I.D. 4.2 million or U.S. dollars 5.7 million from I.D. 8.2 million in third half 2023. Mainly due to lower-view discounting. The share of financial reduction of the emotion and financial achieved a 45.4% increase in profit to I.D. 436.1 million or U.S.

Selling general and administrative SG&A expenses increased by 32.3.

3% to RMB, one 1 billion or U S dollar 158 million from RMB.

The $4 7 billion in first half being pretty treat the increase was mainly due to higher warranty expenses.

Are you what are you shouldnt.

Personnel costs compared with the.

Same period last year.

<unk> expenses represented 10, 4% revenue for first half 2024, compared with 9% in first half to retreat.

Operating profit increased by <unk>, 7% to RMB, $436 9 million or <unk>.

Choon Loo: The share of financial results of Apple shares and joint ventures achieved a 45.4% increase in profit to RMB43.1 million, or USD6 million, compared with a profit of RMB79.6 million in the first half of 2023. The improvement was primarily contributed by higher profits at NTU and Yuchai Power Company Ltd. Income tax expense decreased by 7.4% to RMB102.4 million or USD14.4 million as compared with RMB110.6 million in first half 2023. Net profit attributable to equity holders of the company increased by 34.7% to RMB$240.3 million or USD$23.7 million compared with RMB$178.4 million in first half 2023.

Paula was $61 3 million from RMB 387, 7 million in the first half anybody treat.

Mr. Sun Sen Liu: dollars 5.7 million from 30.9% to I.D. 436.9 million in first half 2023. The increase was primarily contributed by total profit and N.C.U. discharge power companies. It comes back to the same increase by 10.4% to I.D. 100 2.4 million or U.S. dollars 14.4 million as compared to I.D. 100 and 10.6 million in third half 2023.

The operating margin remained steady at 42% in both periods.

Finance costs declined by 23, 7% to RMB, $4 9 million or U S. Dollar $5 7 million from RMB $53 6 million up 23.

Treat mainly due to lower discounting.

The share of financial results of the associates and joint ventures achieved.

The five 4% increase in profit.

Mr. Sun Sen Liu: Let's proceed as you put the burden to the equivalent of the company in 3.34.7% to I.D. 240.3 million or U.S. dollars in 3.7 million compared to I.D. 100 and 78.4 million in third half 2023. This is a very good relationship with I.D. Finds for tickets for US dollars in three cents, for pay the I.D. $4.37 in cost of $0.23. This is a very good relationship for a first half in the fall and first half in $0.33, which is on the basis average of $40,000,000, $8,000, $290,000.

RMB $43 1 billion or <unk> dollars 6 million compared with a profit of RMB $29 6 million in first half 'twenty three.

The improvement was primarily contributed by higher profit at MTV VH High power company.

Choon Loo: Basic and larger earnings per share were RID 5.88 for USD 0.83 compared with RID 4.37 in 2023. Basic and direct earnings are shared for Q1,204 and Q1,203 rotating on the weighted average of $40,868,290 share price. Now we will go through our balance sheet highlights as of June 30, 2024. Cash and bank balances were RMB6.3 billion or USD8.19 billion, compared with RMB6 billion at the end of FY

Income tax expense decreased by seven 4% to RMB, $112 4 million or <unk>, $14 4 million as compared with RMB $110 6 million in the first half currently treat.

Net profit attributable to equity holders of the company increased by 34, 7% to RMB $243 million.

Mr. Sun Sen Liu: Now, you will use for a very short time of students that give $0.34. Such advantages will I.D. $6.3 billion for US dollars; take $0.19 million for pay the I.D. $6 billion at the end of $1.23. $2.02 million will I.D. $6.2 million for US dollars $1.4 billion, compared with I.D. $3.00. Take billion at the end of $2.02.3 billion.

Choon Loo: Choon and Will's reserves were RMB10.2 million or US$1.4 billion compared with RMB7.8 billion at the end of financial year 2023. The eventual risk was RMB4.6 billion or US$640.2 million compared with RMB4.6 billion at the end of financial year 2023. Trip and deal payables were RMB 8.6 billion or USD 1.2 billion compared with RMB 7.6 billion at the end of financial year 2023. Short-term and long-term loans and borrowings were RMB 2.8 billion, or USD 390.6 million, compared with RMB 2.5 billion at the end of 2023.

S dollar $33 7 million compared with RMB.

So the $8 4 million in first half 2023.

<unk>.

Earnings per share were RMB, five eight or U S. Dollar 83 cents compared with RMB ballpark tweets that went in the first half data entry.

Basic and diluted.

<unk> per share forecast Hoffman and a fall in the first half billings Dmitry will based on the weighted average.

Mr. Sun Sen Liu: Development rates will I.D. $4.06 billion for US dollars $6.02 million, compared with I.D. $4.06 billion at the end of $2.02 billion. $3.06 billion will I.D. $6.06 billion for US dollars $1.2 billion, compared with I.D. $7.06 billion at the end of $2.02 billion.

$40 million 858290 shares.

Speaker Change: Now, we will do to our balance sheet as of June 2000.

24 touch and bank balances were RMB, six 3 billion or U S. Dollar figure of 19 million compared with RMB 6 billion at the end of FY <unk> to treat.

And abuse, we said those were RMB 10, 2 million or U S. Dollar one 4 billion compared with RMB seven 8 billion.

Mr. Sun Sen Liu: Such advantages will I.D. $2.06 billion for US dollars $3.19 million, compared with I.D. $2.05 billion at the end of $2.03 billion.

At the end of financial year, two zero to treat.

<unk> were RMB, four 6 billion or U S dollar $640 2 million compared with RMB four 6 billion at the end of financial year, two zero to treat.

Operator: Are we not going to go over to Chavine, or come in for two impressions? Please note, some officers of China UTI are remotely calling into the conference call. This may result in a slight delay in providing answers to some questions. We apologize for any inconvenience and thank you for your patience.

Kevin Theiss: I will now turn the call over to Kevin for a comment for the Q&A session. Please note that some officers of China Yuchai are calling in for the conference call from a distance. This may result in a slight delay in providing answers to some questions.

Okay.

Payables were RMB two six.

6 billion.

U S dollar $1 2 billion compared with RMB seven 6 billion at the end of financial year, two zero to treat <unk>.

Operator: We apologize for any inconvenience and thank you for your patience. With that operator, we are ready to begin the Q&A. Thank you. As a reminder, to ask a question, you will need to press star 11 on your telephone and wait to be announced. To withdraw your question, please press star 11 again. If you wish to ask a question via the webcast, please type it into the box and click submit. One moment, please for our first question. Please stand by.

Operator: With that operator, we are ready to begin the Q&A.

Speaker Change: And long term loans and borrowings.

Operator: Thank you.

Operator: Has it reminded you of the question you will need to press the one on your telephone and make a few notes? To withdraw your question, please press the one on the again.

RMB, two 8 billion or U S dollar 300 points.

6 million compared with <unk>.

Speaker Change: <unk> two 5 billion at the end of financial year, two zero to treat.

Operator: If you wish to ask a question by the webcast, please tap it into the box and click submit. One moment, please, for a first question. Please stand by.

I will now turn the call over to Kevin for a comment for Q&A session.

Please note some officers of China, Utah are remotely calling into the conference call.

May result in a slight delay in providing answers to some questions.

Jerry Nash: And the first question comes from the line of Jerry Nash from Nash Consulting. Please go ahead and run his route. Thank you. A first good evening. Good morning. We're appropriate to end it to everyone.

Gary Nash: And the first question comes from the line of Gary Nash from Nash Consulting. Please go ahead, your line is now open. Thank you. First, good evening, good morning, where appropriate to everyone. I guess my question is, how much are your 2024 capital expenditures? And in which products or areas are you invested?

We apologize for any inconvenience and thank you for your patience with that operator, we are ready to begin the Q&A.

As a reminder to ask a question you will need to press star one on your telephone and wait to be announced to withdraw. Your question. Please press star one one again, if you wish to ask a question via the webcast. Please type it into the box and click submit.

Jerry Nash: My question is, how much is your 20, 24th capital expenditures in which products are areas are you investing?

One moment please for our first question.

Weng Hoh: Okay. In 34 of the revenues of this year specifically, I think this is the power generation. There is quite a good demand, expectable.

Choon Loo: Okay, in 2024, we are addressing a few areas. Firstly, I think this is power generation. There is quite a lot of demand, especially for standby power generation for the yellow pencil applications.

Please standby.

And the first question comes from the line of Gary Nash from Nash Consulting. Please go ahead. Your line is now.

Weng Hoh: Thank you for your consideration. Thank you. Thank you for your consideration. And the requirements are strong. So it's quite a good question.

Thank you.

First a good evening and good morning, where appropriate.

Choon Loo: And the demand is actually quite strong, so that's why we are increasing our capacity in that area. We are also addressing the wind turbine main shaft, which is a new area that we are entering into. The other area of investment is in new energy. Thank you.

Weng Hoh: Actually, thank you very much. We are also investing in the wind turbine exchange shop, which is a new area that we are getting to. As you know, every other area of investment in the city is new, and it is a fair.

Speaker Change: Hey, everyone.

I guess my question is how much is your 2020 for capital expenditures.

And which products or areas are you investing.

Okay.

And particularly for all they are investing in areas Firstly I think.

Our generation.

There is clear.

With demand, especially for standby power generation.

Operator: We will now take our next question. Please stand by. And the next question comes from Jessica Lin. Please go ahead, your line is now open. Hello, good morning. My question is how many of the shares the company purchased under the buyback plan as announced in June. We have purchased more than half of our targets, so we are close to our 2.7 million.

Patient.

Operator: Good day, and thank you for standing by. Welcome to the time when you try international limited first half 2020 for financial results conference call. After this time, we'll participate in a listen ID made. After this week's presentation, we'll be requesting another session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is right. To assure a question, please press star 1-1 again. If you wish to ask a question by the webcast, please use the Q&A box available on the webcast link and sign during the conference.

Speaker Change: The demand is quite strong.

Christina.

Kevin Theiss: Theiss, Weng Hoh, China Yuchai, Choon Loo, Kevin Theiss, Weng Hoh, China Yuchai. Hello, my question is how many of this fairs have the company purchased under the buyback plan of announced in June? We have purchased more than half of our targets, so close to about 2.5 million. There is a lot of worries from here up to market.

We also are investing in.

We think the buying main shop at least.

Ooh.

Yes.

My pleasure.

Okay.

Thank you.

Operator: And the last part is from here up to my... Perfect, thank you. As there are no further questions on the phone line, I would now like to hand you back to the room for any questions on the webcast. Thank you. We have now reached the end of our Q&A session. I would now like to turn the call back over to Mr. Ho. Thank you all for participating in our conference call. Each of you who has helped, I look forward to speaking with you again, so goodbye for now.

I'll now take our next question please standby.

Operator: Please be advised that today's conference is being recorded.

Kevin Theiss: Perfect, thank you. Thank you.

Operator: I would now like to now turn the conference over to Kevin Theiss. Please go ahead, sir.

And the next question comes from the line of Jessica Lin.

Please go ahead. Your line is now open.

Operator: As there are no such questions on the phone line, I would now like to hand back to the room for any questions on the webcast.

Kevin Theiss: Thank you for joining us today, and welcome to China Yuchai International Limited conference call and webcast for the first end Mr. Sun Sen Liu, president and chief financial officer of CYI respectively. In addition, we also have an attendance, Mr. Kelvin Live, general manager of operations of CYI.

Hello, Good morning.

Hmm.

Hello.

My question is how many of the shares has the company purchased under the buyback plan that was announced in June.

We have purchased more than half of our target so close to roughly 5000 limit.

And the last part of this problem in the aftermarket.

Kevin Theiss: Before we begin, I will remind all listeners that throughout this call, we may make statements and may contain forward-looking statements within the meeting of the private securities litigation reform act of 1995. The words, believe, expect and anticipate, reject targets optimistic confidence that continue to predict, depend, aim, will or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical past are statements that may begin forward-looking statements. These forward-looking statements include but are not limited to statements concerning the company's operations and financial performance and conditions in our based on current expectations to release any functions which are subject to change at any time.

Speaker Change: Perfect. Thank you.

Okay.

Thanks Keith.

Yes.

As there are no further questions on the phone line I would now like to hand back to the room for any questions on the webcast.

Operator: We have now reached the end of our hearing session.

Weng Hoh: I would now like to hand the call back over to Mr. Hoh. Thank you all for participating out of the phone release. If you would like to help, then look for the speaking video case.

Sure.

Weng Hoh: So, good-bye for now.

Operator: This concludes today's conference call. Thank you for participating. You may now disconnect.

Operator: This concludes today's conference call. Thank you for participating. You may now disconnect. Dr. William G. Nash, William Gregozeski, Choon Loo, Kevin Theiss, Weng Hoh, China Yuchai, Dr. William G. Nash, William Gregozeski, Choon Loo, Kevin Theiss, Weng Hoh, China Yuchai, Dr. William G. Nash, William Gregozeski, Choon Loo, Kevin Theiss, Weng Hoh, China Yuchai, Dr. William G. Nash, William Gregozeski, Choon Loo, Kevin Theiss, Weng Hoh, China Yuchai, Dr. William G. Nash, William Gregozeski, Choon Loo, Kevin Theiss, Weng Hoh, China Yuchai, Yu-Gi-Oh!

Speaker Change: Okay.

Okay.

Kevin Theiss: The company causes that these statements by their nature involve risk and uncertainties and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political and economic and social conditions around the world and in China, including those discussed in the company's Form 20S, under the headings for risk factors, results of operations and business overview, and another report filed with the Securities and Exchange Commission from time to time.

Okay.

We have now reached the end of our Q&A session I would now like to turn the call back over to Mr. Huh.

Thank you all for participating in our conference call.

It's a real good health and look forward to speaking with you again.

So goodbye for now.

This concludes today's conference call. Thank you for participating you may now disconnect.

Okay.

[music].

Speaker Change: Okay.

[music].

Weng Hoh: The ho will provide a brief overview and summary then Mr. Liu will review the financial results for the first half in June 30, 2024. Thereafter, we will conduct a question in the next session where the purposes of today's call for 2024 and 2023's first half-year financial numbers are unaudited and they will be presented in R&B and U.S, hours. All the financial information presented is reported using the Intermezzo financial reporting standards as issued by the Intermezzo Accounting Standards Board.

Yes.

[music].

Weng Hoh: Mr. Ho, please begin your prepared remarks. Thank you, Gary.

Weng Hoh: We are here to report higher revenue, operating profit, and higher earnings is concerned in the first half of 2024 compared to the 60th last year. First, we will make sure that the total stands for the 60th and 20th centuries increasing in its sales incomes. On a year earlier on basis, the existing sales growth in every market category exceptica, which is a small portion of sales. Combining the incomes of our incomes is a track to market growth by 32.8% year of a year, compared with data from service position of automobile manufacturers in the end, sharing track and market political sales growth of 4.4% year of a year.

Kevin Theiss: Theiss, Weng Hoh, China

Yes.

Okay.

Weng Hoh: Our income yield is an important track to market growth by 35.6% year of a year, compared to an increase of 3.7% for track. Our income yield is according to C&M data. Our income yield is a track in the sales group by 32.9% year of a year, compared with 0.3%[inaudible] The total value of export work by 6.9 to 10 year old year for the first half of 34. However, property investment is 10 for 1 to 10 and home sale by floor area 1119% in the first half of 34 from the year earlier to the military.

[music].

Weng Hoh: In the first half of 24, our total R&D expenditures including copyright costs were R&D 462.6 million or even 55 million dollars. From time to R&D 452 million in the first half of 33, we continue to improve the quality and performance of our nation's 64 inches. During SDF industry, the development of the next generation research standards for ongoing of potential markets. In addition, the continuing, continuing development of new and fixed products in previous products uses alternatives to new fields remains as a high priority.

Weng Hoh: We have established a standards of use and producing new and fixed power trends including two hydrogen-file engines, re-stealing renewable nitrogen and off-air power generation system as a production plant which utilizes off-air discharges to generate power and eliminate greenhouse gas emissions. And the new modern YTA 07M hybrid engines, which are chosen to power 10, is suggested as a hybrid hypothesis. In the first half of 34, new energy applications include[inaudible] Tariya Shrine here is a chair on the open market, and to really market prices, in private research and transaction, or by under-liqually for miserable gains, share with the children's who will be financed through operating cash flow and existing cash balances.

Weng Hoh: In addition, the company has declared a tax dividend of U.S, or INSAN for a return or share[inaudible] 20th, 20th, 20th, 20th, 20th,[inaudible] The increase was mainly due to Donald Trump and the Donald's YouTube or very editor. Research and development, I.D. Adventure, increased by 3.1% to I.D. 3.6 million for US dollars, 55.2 million, compared with I.D. 4.6 million in first half, 33.2 million. [inaudible] This is a very good relationship with I.D. Finds for tickets for US dollars in three cents, for pay the I.D.

Weng Hoh: $4.37 in cost of $0.23. This is a very good relationship for a first half in the fall and first half in $0.33, which is on the basis average of $40,000,000, $8,000, $290,000. Now, you will use for a very short time of students that give $0.34. Such advantages will I.D. $6.3 billion for US dollars take $0.19 million, for pay the I.D. $6 billion at the end of $1.23. $2.02 million will I.D. $6.2 million for US dollars $1.4 billion, compared with I.D.

Weng Hoh: $3.00. Take billion at the end of $2.02.3 billion. Development rates will I.D. $4.06 billion for US dollars $6.02 million, compared with I.D. $4.06 billion at the end of $2.02.3 billion. $3.06 billion will I.D. $6.06 billion for US dollars $1.2 billion, compared with I.D. $7.06 billion at the end of $2.02.3 billion. Such advantages will I.D. $2.06 billion for US dollars $3.19 million, compared with I.D. $2.05 billion at the end of $2.03 billion.

Operator: We apologize for any inconvenience and thank you for your patience. With that operator, we are ready to begin the Q&A.

Operator: Thank you. Has it reminded you of the question you will need to press the one on your telephone and make a few notes? To withdraw your question, please press the one on the again. If you wish to ask a question by the webcast, please tap it into the box and click submit. One moment please for a first question. Please stand by.

Operator: And the first question comes from the line of Jerry Nash from Nash Consulting. Please go ahead and run his route. Thank you.

Jerry Nash: A first good evening. Good morning. We're appropriate to end it to everyone.

Weng Hoh: My question is, how much is your 20, 24th capital expenditures in which products are areas are you investing? Okay. In 34 of the revenues of this year specifically, I think this is the power generation. There is quite a good demand, expectable. Thank you for your consideration. Thank you. Thank you for your consideration. And the requirements are strong. So it's quite a good question. Actually, thank you very much. We are also investing in the wind turbine exchange shop, which is a new area that we are getting to. As you know, every other area of investment in the city is new and it is a fair.

Weng Hoh: Theiss, Weng Hoh, China Yuchai, Choon Loo, Kevin Theiss, Weng Hoh, China Yuchai Hello, my question is how many of this fairs have the company purchased under the buyback plan of announced in June? We have purchased more than half of our targets, so close to about 2.5 million. There is a lot of worries from here up to market. Perfect, thank you. Thank you.

Operator: As there are no such questions on the phone line, I would now like to hand back to the room for any questions on the webcast.

Operator: We have now reached the end of our hearing session.

Weng Hoh: I would now like to hand the call back over to Mr Hoh. Thank you all for participating out of the phone release. If you would like to help, then look for the speaking video case.

Weng Hoh: So, good-bye for now.

Operator: This concludes today's conference call. Thank you for participating. You may now disconnect. Theiss, Weng Hoh, China

Half Year 2024 China Yuchai International Ltd Earnings Call

Request a DemoDemo

CYD

China Yuchai International

Earnings