Exhibit 99.2
CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the six months ended December 31, 2023 and 2022
(RMB and US$ amounts expressed in thousands)
Second Half of 2023 | Second Half of 2022 | |||||||||||||||
RMB’000 | US$’000 | RMB’000 | US$’000 | |||||||||||||
Revenue | 8,875,346 | 1,253,102 | 7,462,131 | 1,053,572 | ||||||||||||
Cost of sales* | (7,441,906 | ) | (1,050,716 | ) | (6,258,913 | ) | (883,690 | ) | ||||||||
Gross profit | 1,433,440 | 202,386 | 1,203,218 | 169,882 | ||||||||||||
Other operating income, net | 306,161 | 43,227 | 251,264 | 35,476 | ||||||||||||
Research and development expenses | (470,531 | ) | (66,434 | ) | (427,957 | ) | (60,423 | ) | ||||||||
Selling, general and administrative expenses* | (1,047,307 | ) | (147,869 | ) | (795,272 | ) | (112,284 | ) | ||||||||
Operating profit | 221,763 | 31,310 | 231,253 | 32,651 | ||||||||||||
Finance costs | (46,533 | ) | (6,570 | ) | (40,241 | ) | (5,682 | ) | ||||||||
Share of results of associates and joint ventures | 32,452 | 4,582 | 1,849 | 261 | ||||||||||||
Profit before tax | 207,682 | 29,322 | 192,861 | 27,230 | ||||||||||||
Income tax expense | (37,869 | ) | (5,347 | ) | (2,578 | ) | (364 | ) | ||||||||
Profit for the period | 169,813 | 23,975 | 190,283 | 26,866 | ||||||||||||
Attributable to: | ||||||||||||||||
Equity holders of the Company | 107,141 | 15,126 | 124,857 | 17,629 | ||||||||||||
Non-controlling interests | 62,672 | 8,849 | 65,426 | 9,237 | ||||||||||||
169,813 | 23,975 | 190,283 | 26,866 | |||||||||||||
Net earnings per common share | ||||||||||||||||
- Basic | 2.62 | 0.37 | 3.06 | 0.43 | ||||||||||||
- Diluted | 2.62 | 0.37 | 3.06 | 0.43 | ||||||||||||
Unit sales | 147,700 | 140,345 |
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CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the years ended December 31, 2023 and 2022
(RMB and US$ amounts expressed in thousands, except per share data)
December 31, 2023 | December 31, 2022 | |||||||||||||||
RMB’000 | US$’000 | RMB’000 | US$’000 | |||||||||||||
Revenue | 18,046,349 | 2,547,948 | 16,030,636 | 2,263,351 | ||||||||||||
Cost of sales* | (15,130,711 | ) | (2,136,291 | ) | (13,532,102 | ) | (1,910,585 | ) | ||||||||
Gross profit | 2,915,638 | 411,657 | 2,498,534 | 352,766 | ||||||||||||
Other operating income, net | 442,362 | 62,457 | 336,756 | 47,546 | ||||||||||||
Research and development expenses | (876,578 | ) | (123,763 | ) | (836,438 | ) | (118,096 | ) | ||||||||
Selling, general and administrative expenses* | (1,871,973 | ) | (264,303 | ) | (1,479,561 | ) | (208,899 | ) | ||||||||
Operating profit | 609,449 | 86,048 | 519,291 | 73,317 | ||||||||||||
Finance costs | (100,175 | ) | (14,144 | ) | (95,472 | ) | (13,480 | ) | ||||||||
Share of results of associates and joint ventures | 62,078 | 8,765 | (29,093 | ) | (4,108 | ) | ||||||||||
Profit before tax | 571,352 | 80,669 | 394,726 | 55,729 | ||||||||||||
Income tax expense | (148,496 | ) | (20,966 | ) | (59,065 | ) | (8,339 | ) | ||||||||
Profit for the period | 422,856 | 59,703 | 335,661 | 47,390 | ||||||||||||
Attributable to: | ||||||||||||||||
Equity holders of the Company | 285,518 | 40,312 | 218,581 | 30,860 | ||||||||||||
Non-controlling interests | 137,338 | 19,391 | 117,080 | 16,530 | ||||||||||||
422,856 | 59,703 | 335,661 | 47,390 | |||||||||||||
Net earnings per common share | ||||||||||||||||
- Basic | 6.99 | 0.99 | 5.35 | 0.77 | ||||||||||||
- Diluted | 6.99 | 0.99 | 5.35 | 0.77 | ||||||||||||
Unit sales | 313,493 | 321,256 |
* Comparatives
Management has reclassified certain freight charges from selling and distribution (within selling, general and administrative expenses) to cost of sales. These freight charges were incurred prior to ownership transfer as part of the obligation to fulfil deliveries to the customers. The comparative figures in the Income Statement for the six months and full year ended December 31, 2022 had been adjusted to conform with the current year’s presentation. The changes to 2022 comparatives have no impact on the operating profit for the period of the Group, its financial position or cash flows.
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CHINA YUCHAI INTERNATIONAL LIMITED
SELECTED UNAUDITED CONSOLIDATED FINANCIAL POSITION ITEMS
For the years ended December 31, 2023 and December 31, 2022
(RMB and US$ amounts expressed in thousands)
December 31, 2023 | December 31, 2022 | |||||||||||
RMB’000 | US$’000 | RMB’000 | ||||||||||
Cash and bank balances | 6,039,471 | 852,707 | 4,850,743 | |||||||||
Trade and bills receivables | 7,813,228 | 1,103,143 | 6,792,958 | |||||||||
Inventories | 4,649,027 | 656,392 | 4,937,755 | |||||||||
Trade and bills payables | 7,634,273 | 1,077,876 | 6,919,421 | |||||||||
Short-term and long-term loans and borrowings | 2,540,294 | 358,662 | 2,341,432 | |||||||||
Equity attributable to equity holders of the Company | 9,226,528 | 1,302,685 | 9,008,946 |
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