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    Ying SuChina International Capital Corporation (CICC)

    Ying Su's questions to China Yuchai International Ltd (CYD) leadership

    Ying Su's questions to China Yuchai International Ltd (CYD) leadership • H1 2025

    Question

    Ying Su from CICC asked for the reasons behind the strong market share gains in on-highway engines despite a weak market, the potential impact of new energy vehicle adoption, and the company's plans for its significant cash balance, including capital operations or shareholder returns.

    Answer

    Kelvin Lai, General Manager of Operations, attributed the on-highway success to acquiring new tier-one OEM customers, introducing a popular new gear engine for trailers, and robust export growth. CFO Loo Choon Sen stated that the cash is being deployed for CapEx and R&D, but declined to comment on specific future capital allocation plans.

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