Hong Leong Asia’s China Yuchai H1 revenue falls 32.2%

The fall in revenue was attributed to lower motor sales in the half-year.

Hong Leong Asia’s engine manufacturer China Yuchai International Limited reported a fall of 32.2% year-on-year (YoY) to $1.78b in its revenue for the first half of 2022.

Total engines sold in H1 2022 were 180,911 units, 36.6% lower than the same period last year. Truck and bus engine sales declined by 56.8% whilst off-road engine sales decreased by12.7%.

ALSO READ: CapitaLand Investment Limited reports S$346m PATMI in H1

The fall in sales was the direct result of lower sales of commercial vehicles which declined by 49.7% YoY. Truck unit sales fell by 50.9% whilst sales of buses went down by 35.1%. The low industry sales were attributed to lower demand from a high base in H1 2021 which caused weaker commercial vehicle demand.

China Yuchai’s gross profit fell to $277.90m in H1 2022 from $330m from the same time last year. However, gross margins increased by 15.9% in H1 2022 compared to 12.9% in H1 2021, attributable to the improved margin in National VI engine sales and increased sales mix in the off-road segment.

China Yuchai’s shares for the H1 2022 period reached US$0.40 per ordinary share.

Follow the link for more news on

Hong Leong Asia

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia