China Yuchai Int'l (CYD) Tops Q2 EPS by 23c, Revenues Beat

China Yuchai Int'l (NYSE: CYD) reported Q2 EPS of $0.85, $0.23 better than the analyst estimate of $0.62. Revenue for the quarter came in at $925.2 million versus the consensus estimate of $714.82 million.

• Revenue increased by 34.7% to RMB 6.5 billion (US$ 925.2 million) from RMB 4.9 billion in the second quarter of 2019;
• Gross profit rose by 33.0% to RMB 948.1 million (US$ 133.9 million), a 14.5% gross margin, compared with RMB 712.9 million and a gross margin of 14.7% in the second quarter of 2019;
• Operating profit increased by 53.6% to RMB 448.7 million (US$ 63.4 million), an operating margin of 6.9%, compared with RMB 292.2 million and an operating margin of 6.0% in the second quarter of 2019;
• Net earnings attributable to China Yuchai's shareholders increased by 66.4% to RMB 244.7 million (US$ 34.6 million) compared with RMB 147.0 million in the second quarter of 2019;
• Basic and diluted earnings per share grew by 66.4% to RMB 5.99 (US$ 0.85) compared with RMB 3.60 for the second quarter of 2019;
• Total number of engines sold increased by 32.0% to 145,278 units compared with 110,059 units in the second quarter of 2019.

For earnings history and earnings-related data on China Yuchai Int'l (CYD) click here.

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