EX-99.2 3 c24255exv99w2.htm EXHIBIT 99.2 Exhibit 99.2
Exhibit 99.2
CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the quarter ended September 30, 2011 and 2010
(RMB and US$ amounts expressed in thousands, except per share data)
                                 
    30 September 2011     30 September 2010  
    RMB ’000     US$ ’000     RMB ’000     US$ ’000  
Revenue, net
    3,448,254       542,613       3,332,490       524,397  
Cost of goods sold
    2,757,258       433,879       2,563,167       403,337  
 
                       
Gross profit
    690,996       108,734       769,323       121,060  
Other expenses/(income)
    25,927       4,080       (36,533 )     (5,749 )
Research & development costs
    83,458       13,133       95,705       15,060  
Selling, general and administrative expenses
    414,673       65,252       355,453       55,934  
 
                       
Operating profit
    166,938       26,269       354,698       55,815  
Finance cost
    24,807       3,904       21,011       3,306  
Share of profit of associates
    (353 )     (56 )     (258 )     (41 )
Share of loss/(profit) of joint ventures
    9,916       1,560       (1,104 )     (174 )
 
                       
Profit before tax from continuing operations
    132,568       20,861       335,049       52,724  
Income tax expense
    31,456       4,950       51,357       8,081  
 
                       
Profit for the period from continuing operations
    101,112       15,911       283,692       44,643  
Loss/(profit) from discontinued operations
    483       76       (2,179 )     (343 )
 
                       
Profit for the period
    100,629       15,835       285,871       44,986  
 
                       
Attributable to:
                               
Owners of the Parent
    63,641       10,015       217,484       34,224  
Non-controlling interests
    36,988       5,820       68,387       10,762  
 
                       
 
    100,629       15,835       285,871       44,986  
 
                       
Net earnings per common share
    1.71       0.27       5.84       0.92  

 

 


 

CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the nine months ended September 30, 2011 and 2010
(RMB and US$ amounts expressed in thousands, except per share data)
                                 
    30 September 2011     30 September 2010  
    RMB ’000     US$ ’000     RMB ’000     US$ ’000  
Revenue, net
    11,697,838       1,840,759       12,418,092       1,954,097  
Cost of goods sold
    9,291,595       1,462,115       9,728,471       1,530,861  
 
                       
Gross profit
    2,406,243       378,644       2,689,621       423,236  
Other income
    (14,784 )     (2,326 )     (72,285 )     (11,375 )
Research & development costs
    243,420       38,304       245,911       38,696  
Selling, general and administrative expenses
    1,291,951       203,300       1,361,457       214,237  
 
                       
Operating profit
    885,656       139,366       1,154,538       181,678  
Finance cost
    100,149       15,759       97,571       15,354  
Share of profit of associates
    (1,325 )     (208 )     (61 )     (10 )
Share of loss of joint ventures
    36,937       5,812       6,513       1,025  
 
                       
Profit before tax from continuing operations
    749,895       118,003       1,050,515       165,309  
Income tax expense
    140,513       22,111       167,918       26,423  
 
                       
Profit for the period from continuing operations
    609,382       95,892       882,597       138,886  
Loss/(profit) from discontinued operations
    483       76       (2,179 )     (343 )
 
                       
Profit for the period
    608,899       95,816       884,776       139,229  
 
                       
Attributable to:
                               
Owners of the Parent
    449,238       70,692       668,372       105,175  
Non-controlling interests
    159,661       25,124       216,404       34,054  
 
                       
 
    608,899       95,816       884,776       139,229  
 
                       
Net earnings per common share
    12.05       1.90       17.93       2.82  

 

 


 

CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(RMB and US$ amounts are expressed in thousands)
                         
    As of December        
    31, 2010     As of September 30, 2011  
    RMB ’000     RMB ’000     US$ ’000  
    (audited)     (unaudited)     (unaudited)  
Cash and cash equivalents
    4,060,990       2,583,096       406,473  
Trade and bills receivable, net
    4,234,475       8,335,725       1,311,700  
Inventories, net
    2,632,860       2,199,163       346,058  
Other current assets
    452,578       737,765       116,094  
 
                 
Current assets
    11,380,903       13,855,749       2,180,325  
 
                 
 
                       
Property, plant and equipment
    3,276,302       3,438,696       541,109  
Prepaid operating leases
    407,468       392,203       61,717  
Goodwill
    212,636       212,636       33,460  
Investment in associates and joint ventures
    552,923       536,712       84,456  
Other non-current assets
    416,031       320,781       50,478  
 
                 
Non-current assets
    4,865,360       4,901,028       771,220  
 
                 
 
                       
Total assets
    16,246,263       18,756,777       2,951,545  
 
                 
 
                       
Trade and bills payable
    5,699,334       5,882,222       925,620  
Interest bearing loans and borrowings
    423,543       2,585,577       406,863  
Other current liabilities
    2,769,730       2,851,677       448,737  
 
                 
Current liabilities
    8,892,607       11,319,476       1,781,220  
 
                 
 
                       
Interest bearing loans and borrowings
    201,850       144,951       22,809  
Deferred grants
    269,736       331,025       52,090  
Other non-current liabilities
    96,143       78,091       12,289  
 
                 
Non-current liabilities
    567,729       554,067       87,188  
 
                 
 
                       
Total liabilities
    9,460,336       11,873,543       1,868,408  
 
                 
 
                       
Equity attributable to owners of the Parent
    5,097,947       5,171,013       813,705  
Non-controlling interests
    1,687,980       1,712,221       269,432  
 
                 
 
                       
Total equity
    6,785,927       6,883,234       1,083,137  
 
                 
 
                       
Total equity and liabilities
    16,246,263       18,756,777       2,951,545  
 
                 
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