<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>u92493exv1w1.txt
<DESCRIPTION>EX 1.1 - NEWS RELEASE OF THE COMPANY DATED FEBRUARY 28, 2005
<TEXT>
<PAGE>
                       CHINA YUCHAI INTERNATIONAL LIMITED
           16 RAFFLES QUAY #26-00 HONG LEONG BUILDING SINGAPORE 048581
                    TEL : (65) 6220 8411 FAX : (65) 6226 0502


                                                                     EXHIBIT 1.1


FOR IMMEDIATE RELEASE


                  CHINA YUCHAI INTERNATIONAL LIMITED ANNOUNCES
                            GOOD PERFORMANCE FOR 2004

Set forth below are the unaudited consolidated financial results for China
Yuchai International Limited (CYI) for the year ended December 31, 2004 (the
2004 Unaudited Financial Results). Consistent with CYI's prior financial
statements (audited and unaudited), the 2004 Unaudited Financial Results have
been prepared on a consolidated basis with the financial statements of Guangxi
Yuchai Machinery Company Limited (Yuchai). CYI is currently discussing with its
independent auditors whether consolidation of Yuchai's financial statements is
an appropriate accounting treatment under U.S. GAAP. CYI cannot assure you what
the outcome of these discussions will be, and investors should be aware that
CYI's financial results would differ materially if Yuchai were not consolidated.
Inability to consolidate Yuchai could accordingly have a material adverse effect
on CYI.

SINGAPORE, FEBRUARY 28, 2005 - China Yuchai International Limited (CYI) today
announced good performance for the year ended December 31, 2004 with net income
of Rmb491.4 million (US$59.4 million). CYI's net income for the same period in
2003 was Rmb438.2 million (US$52.9 million). This significant improvement in
performance is due to continued buoyant market demand for engines manufactured
by its Chinese subsidiary Guangxi Yuchai Machinery Company Limited (Yuchai) and,
in particular, good customer acceptance of Yuchai's 6112 heavy-duty diesel
engines and 4 cylinder light-duty diesel and industrial engines.

Net sales of Rmb5,582.0 million (US$674.4 million) for the year ended December
31, 2004 represent an increase of approximately 22% compared to the same period
last year of Rmb4,569.9 million (US$552.1 million). Total unit sales of 206,628
diesel engines for the year ended December 31, 2004 was 20% higher than the same
period last year.

The overall gross margin of 28.2% for 2004 was 1.9% lower than previous year due
mainly to higher raw material costs and product sales mix.

For the year ended December 31, 2004, selling, general and administrative
expenses increased by approximately 17% due mainly to higher staff costs,
transport charges and operating expenses, arising from higher unit sales volume.

Research and development expenses have increased to Rmb136.9 million (US$16.6
million) from Rmb94.6 million (US$11.4 million) for the previous year due to
higher development expenses on the new 6113 super heavy-duty diesel engine.

Interest expenses increased to Rmb31.8 million (US$3.8 million) for the period
ended December 31, 2004 as compared to Rmb23.6 million (US$2.9 million) for same
period last year due to an increase of Yuchai bank loans during the year.
<PAGE>
                       CHINA YUCHAI INTERNATIONAL LIMITED
           16 RAFFLES QUAY #26-00 HONG LEONG BUILDING SINGAPORE 048581
                    TEL : (65) 6220 8411 FAX : (65) 6226 0502


The improvement in profit performance was due to higher unit sales of Yuchai's
6112 heavy-duty diesel, 4-series light-duty diesel and industrial engines.

In June 2004, Yuchai commissioned its new 6113 super heavy-duty diesel
production line with a capacity of 20,000 units per annum. Initial sales
performance indicates gradual customer acceptance of this new 350hp diesel
engine which is expected to see improved sales in 2005.

For the year ended December 31, 2004, inventories rose due to increased
production for seasonal requirements in 2005. Cash balances have increased due
to better collections during the year end period though bank loans have also
increased due to increased capital expenditure payments and loans to a Yuchai
related company - Yuchai Marketing and Logistics Company Limited ("YMLC"). As at
year ended December 31, 2004, the amount due to Yuchai, from YMLC, was Rmb205
million. The authorization for this loan is still being disputed.

Basic and diluted net income per share for the year ended December 31, 2004 was
Rmb13.90 (US$1.68) as compared to a basic and diluted net income per share of
Rmb12.40 (US$1.50) for the same period in 2003.

Government industry statistics show that, in 2004, there was an increase of
approximately 16% in sales of trucks and buses in China compared to the same
period in 2003. CYI believes that demand for new trucks and buses would have
been higher if not for the implementation of the PRC Road Traffic legislation
which came into effect on May 1, 2004. This new legislation brought in heavy
fines for overloading and non-compliance with vehicle standard specifications,
such as vehicle weight and length. However, demand for new trucks increased in
fourth quarter of 2004 with higher unit sales of heavy-duty trucks, buses and
mini vans.

Mr Teo Tong Kooi, CYI's new President and Director commented that "the good
profit performance for 2004 was achieved mainly because of the strong unit sales
for the heavy-duty, light-duty diesel engines and industrial engines. Yuchai was
able to achieve net income growth of approximately 12% for the year ended
December 31, 2004 compared to same period last year. Despite the lower unit
sales in the second quarter of 2004 due mainly to the strict implementation of
the Road Traffic legislation, the market demand for diesel engines in China is
expected to remain strong especially for heavy-duty trucks and buses as a result
of the continuing development of highways and improvements in logistical
efficiency, in China, notwithstanding the Chinese government's continued efforts
to cool its economy. We believe that CYI, as one of the top three manufacturers
of diesel engines in China, should be able to take advantage of this growth
demand."

It is generally expected that the market demand for diesel engines in China will
increase over time with the continued expansion of the highways and toll roads
in China leading to increased demand for new trucks, buses and construction
equipment.
<PAGE>
                       CHINA YUCHAI INTERNATIONAL LIMITED
           16 RAFFLES QUAY #26-00 HONG LEONG BUILDING SINGAPORE 048581
                    TEL : (65) 6220 8411 FAX : (65) 6226 0502


A breakdown of sales according to size and horsepower range highlights how CYI
believes Yuchai is successfully adjusting its strategy to meet market demand and
grow market share.

(A)  Sales of light-duty (4 cylinder) engines for mini buses and small trucks
     continue to experience high growth in China.

     Yuchai sales of the light-duty engines grew 58%, benefiting from the
     additional light-duty engine production capacity (40,000 units per year)
     commissioned in April 2003.

     In 2004, the gross margin from light-duty engines has improved due to
     higher production levels and cost reductions.

(B)  Sales of medium-duty (6 cylinder, 140 - 200 Hp) engines for 5 to 7 tonne
     trucks and buses continued to decline in China. With the improvement in the
     high way system, transportation companies now find that vehicles of this
     engine capacity are less economic than the newer larger units.

     Yuchai's sales of medium-duty engines decreased, by 2% in 2004, in line
     with this trend.

(C)  Sales of heavy-duty (6 cylinder, 250 - 400 Hp) engines for 10 to 15 tonne
     trucks, large buses, coaches and large construction equipment continue to
     experience high growth.

     Yuchai's sales of 6112 (6 cylinder, 285 Hp) engines grew by 16%, in 2004.

     The new 6113 (6 cylinder, 300 - 350 Hp) has seen increasing customer demand
     since its introduction in 2004. Sales of this new product are expected to
     be strong over the next few years and it should become a significant
     contributor to profit growth for Yuchai.

CYI believes that Yuchai has a strong brand name in China with an extensive
sales and marketing network. Yuchai's products are of good quality and provide
reliable performance. Yuchai has established itself as a major manufacturer of
diesel engines in China with a significant market share.


OTHER EVENTS

Issuance of convertible bonds

The issuance of CYI's US$25 million 2.0% convertible bonds due 2012 described in
CYI's February 7, 2005 press release was completed on February 23, 2005.
<PAGE>
                       CHINA YUCHAI INTERNATIONAL LIMITED
           16 RAFFLES QUAY #26-00 HONG LEONG BUILDING SINGAPORE 048581
                    TEL : (65) 6220 8411 FAX : (65) 6226 0502


Schedule 13D Amendment No. 6

On February 15, 2005, Coomber Investments Limited together with other related
parties filed with the U.S. Securities and Exchange Commission Amendment No. 6
to the Schedule 13D reporting their beneficial ownership of 24.3% of CYI's
common stock. CYI disagrees with a number of the assertions contained in the
Schedule 13D amendment, and is preparing a response to the filing.

Guangxi Yuchai Machinery Company Limited

As previously disclosed, CYI continues to seek implementation of the July 2003
Agreement which CYI entered into in an attempt to resolve the continuing
difficulties which CYI has faced with respect to its investment in Yuchai.
However, although approximately 19 months have passed since the July 2003
Agreement was entered into, the parties have yet to fully implement it. The
parties have had periodic discussions as to possible alternatives for
implementation, but have yet to reach a mutually acceptable solution.

Although CYI hopes that implementation of the restructuring contemplated in the
July 2003 Agreement will resolve the continued corporate governance difficulties
which CYI has had with respect to Yuchai, CYI is not presently able to determine
when or on what terms any such restructuring will be implemented, if at all. As
a result, no assurances can be given that disagreements with Yuchai's Chinese
shareholders will not recur, or that CYI will continue to be able to fully
exercise its controlling interest in Yuchai if such disagreements recur. Any
recurrence of these disagreements could have a material adverse effect on CYI's
financial condition, results of operations, business or prospects, including
CYI's ability to consolidate Yuchai's financial statements or to declare and
receive dividends. For example, although CYI has requested Yuchai to declare
dividends, Yuchai has not to date done so for either of its 2003 or 2004
financial years. No assurance can be given as to when Yuchai, and in turn CYI,
will declare or pay any such dividends. CYI is also considering other
alternatives to address these disagreements, including litigation and/or
arbitration if necessary, so as to protect the interests of CYI's shareholders
and preserve the value of CYI.

                                      * * *

CYI has filed with the U.S. Securities and Exchange Commission a copy of this
press release on Form 6-K. A copy of such filing has also been sent to The New
York Stock Exchange. Reference is made to such filing for cautionary statements
which identify factors that could affect the forward looking statements
contained in this press release.

China Yuchai International Limited
Executive Office
16 Raffles Quay
#26-00 Hong Leong Building
Singapore 048581
Tel: (65) 6220 8411
Fax: (65) 6226 0502
<PAGE>
                       CHINA YUCHAI INTERNATIONAL LIMITED
           16 RAFFLES QUAY #26-00 HONG LEONG BUILDING SINGAPORE 048581
                    TEL : (65) 6220 8411 FAX : (65) 6226 0502


Contact persons:  Mr Teo Tong Kooi, President and Director
                  Mr Philip Ting, Chief Financial Officer and Director


Note 1: CYI's functional and reporting currency is Renminbi; the translation of
amounts from Renminbi to U.S. dollars is solely for the convenience of the
reader. Translation of amounts from Renminbi to U.S. dollars has been made at
the rate of RMB 8.2765 = US$1.00, the rate quoted by the People's Bank of China
at the close of business on December 31, 2004. No representation is made that
the Renminbi amounts could have been, or could be, converted into U.S. dollars
at that rate or at any other certain rate on December 31, 2004 or at any other
date.

Note 2: All financial data (both in Renminbi and U.S. dollars) is unaudited.

SAFE HARBOR STATEMENT UNDER THE PROVISIONS OF THE UNITED STATES PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements, as defined in the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements, including without limitation, statements
relating to our financial performance and growth prospects, are subject to
certain risks and uncertainties, which could cause actual results to differ
materially from historical results or those anticipated. Among the risks and
factors that could cause actual results to differ materially are: our ability to
control Guangxi Yuchai Machinery Company Limited ("Yuchai"); our ability to
consolidate Yuchai's financial results; changes in the capital markets and
interest rates; political, economic and social conditions in China such as
government policies with respect to foreign investment, economic growth,
inflation and the availability of credit; the effects of competition in the
diesel engine market; the effects of inflation; the ability of Yuchai to control
its expenses, capital expenditures and receivables, finance its working capital
and capital expenditures and commercially introduce new products in the future;
our ability to successfully implement the agreement we reached with Yuchai in
July 2003; the effects of uncertainties in the Chinese legal system which could
limit the legal protections available to foreign investors, including with
respect to the enforcement of foreign judgments in China; and the effects of
China becoming a member of the World Trade Organization. Although we believe the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that our expectations will be
attained. In addition to the foregoing factors, a description of certain other
risks and uncertainties which could cause actual results to differ materially
can be found in the section captioned "Risk Factors" in our Annual Report on
Form 20-F filed with the U.S. Securities and Exchange Commission. You are
cautioned not to place undue reliance on these forward-looking statements, which
are based on the current view of management on future events. We undertake no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OF SECURITIES IN THE UNITED STATES.
SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION
OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED. CYI DOES NOT INTEND TO REGISTER ANY PORTION OF ANY OFFERING UNDERTAKEN
AS ALL OR PART OF THE NEW FINANCING IN THE UNITED STATES OR TO CONDUCT A PUBLIC
OFFERING OF SECURITIES IN THE UNITED STATES.
<PAGE>
CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2002, 2003 AND 2004
(RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER SHARE DATA)

<TABLE>
<CAPTION>
                                                                                        Year Ended December 31
                                                                    -------------------------------------------------------------
                                                                      2002              2003             2004             2004
                                                                      ----              ----             ----             ----
                                                                     Rmb'000           Rmb'000          Rmb'000          US'000
                                                                     Audited           Audited         Unaudited        Unaudited
                                                                                                                          (Note)
<S>                                                                 <C>               <C>              <C>              <C>
Net sales ..................................................        3,513,047         4,569,950        5,582,095         674,451
Cost of goods sold .........................................        2,371,080         3,192,794        4,006,886         484,128
                                                                    ---------         ---------        ---------         -------
Gross profit ...............................................        1,141,967         1,377,156        1,575,209         190,323

Research and development cost ..............................           75,532            94,594          136,960          16,548
Selling, general and administrative expense ................          426,128           561,151          658,320          79,541
                                                                    ---------         ---------        ---------         -------
Operating income ...........................................          640,307           721,411          779,929          94,234
Interest cost ..............................................           25,144            23,624           31,757           3,837
Other (income)/expense, net ................................          (10,287)              881           (5,682)           (687)
                                                                    ---------         ---------        ---------         -------
Income before income taxes and
 minority interests ........................................          625,450           696,906          753,854          91,084
Income tax (credit)/expense ................................           83,242           112,924          105,165          12,707
                                                                    ---------         ---------        ---------         -------
Income before minority interests ...........................          542,208           583,982          648,689          78,377

Minority interests in income of consolidated
 subsidiaries ..............................................          129,775           145,800          157,292          19,004
                                                                    ---------         ---------        ---------         -------
Net income .................................................          412,433           438,182          491,397          59,373
                                                                    =========         =========        =========         =======

Net income attributable to common shares                               Rmb               Rmb              Rmb               US$
  Basic and diluted ........................................            11.67             12.40            13.90            1.68
                                                                    =========         =========        =========         =======
</TABLE>

Note: The Company's functional and reporting currency is Renminbi, the
translation of amounts from Renminbi to U.S. dollars is solely for the
convenience of the reader. Translation of amounts from Renminbi to U.S. dollars
has been made at the rate of Rmb 8.2765 = US$1.00, the rate quoted by the
People's Bank of China at the close of business on December 31, 2004. No
representation is made that the Renminbi amounts could have been, or could be,
converted into U.S. dollars at that rate or at any other certain rate on
December 31, 2004 or at any other date.
<PAGE>
SELECTED UNAUDITED CONSOLIDATED BALANCE SHEET ITEMS
(RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS)

<TABLE>
<CAPTION>
                                           As of                 As of
                                     December 31, 2003     December 31, 2004
                                     -----------------     -----------------
                                          Audited               Unaudited
                                          -------               ---------
                                            RMB             RMB           US$
                                                                        (Note)
<S>                                  <C>                 <C>           <C>
Cash and Cash Equivalents                 631,938          722,672      87,316

Trade Accounts Receivable, Net            849,611          875,565     105,789

Inventories, Net                          877,334        1,346,545     162,695

Amount due from related company            32,886          205,000      24,769

Net Current Assets                        962,804        1,348,596     162,943

Total Assets                            4,033,632        5,368,174     648,604

Trade Accounts Payable                    731,966        1,089,717     131,664

Short-Term and Long-Term Borrowings       290,000          530,000      64,037


Shareholders' Equity                    1,991,687        2,483,084     300,016
</TABLE>

Note: The Company's functional and reporting currency is Renminbi, the
translation of amounts from Renminbi to U.S. dollars is solely for the
convenience of the reader. Translation of amounts from Renminbi to U.S. dollars
has been made at the rate of Rmb 8.2765 = US$1.00, the rate quoted by the
People's Bank of China at the close of business on December 31, 2004. No
representation is made that the Renminbi amounts could have been, or could be,
converted into U.S. dollars at that rate or at any other certain rate on
December 31, 2004 or at any other date.
</TEXT>
</DOCUMENT>
