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Investment in joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2020
Investments accounted for using equity method [abstract] |
Share of Results of Joint Ventures and Carrying Amount of Investment to Joint Ventures |
|  | 31.12.2018 |  |  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2020 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Share of profit/(loss) of joint ventures, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  | 17,612 |  |  |  | 28,484 |  |  |  | (44,016 | ) |  |  | (6,802 | )
MTU Yuchai Power Co., Ltd. |  |  | (6,882 | ) |  |  | 594 |  |  |  | 3,238 |  |  |  | 500 |
Eberspaecher Yuchai Exhaust Technology Co., Ltd |  |  | — |  |  |  | (9,366 | ) |  |  | (19,157 | ) |  |  | (2,960 | )
Other joint ventures. |  |  | 963 |  |  |  | (497 | ) |  |  | 513 |  |  |  | 79 |
|  |  | 11,693 |  |  |  | 19,215 |  |  |  | (59,422 | ) |  |  | (9,183 | )
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2020 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Carrying amount of investments: |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  | 176,082 |  |  |  | 145,599 |  |  |  | 22,499 |
MTU Yuchai Power Co., Ltd |  |  | 59,931 |  |  |  | 62,217 |  |  |  | 9,614 |
Eberspaecher Yuchai Exhaust Technology Co., Ltd (i ) |  |  | 31,794 |  |  |  | 12,638 |  |  |  | 1,953 |
Other joint ventures |  |  | 6,184 |  |  |  | 6,666 |  |  |  | 1,030 |
|  |  | 273,991 |  |  |  | 227,120 |  |  |  | 35,096 |
Note:
| (i) | Eberspaecher Yuchai was incorporated on December 5, 2018. In March 2019 and December 2019, the Group injected RMB 17.6 million and RMB 23.5 million respectively into Eberspaecher Yuchai as payment of its investment.
Interest in Joint Ventures | The Group has interests in the following joint ventures:
Name of company |  | Principal activities |  | Place of incorporation/ business |  |  | Group’s effective equity interest |
|  |  |  |  |  |  | 31.12.2019 |  |  | 31.12.2020 |
|  |  |  |  |  |  | % |  |  | % |
Held by subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |
HL Heritage Sdn. Bhd. |  | Property development and property investment holdings |  |  | Malaysia |  |  |  | 30.1 |  |  |  | 30.1 |
Shanghai Hengshan Equatorial Hotel Management Co., Ltd. |  | Hotel and property management |  |  | People’s Republic of China |  |  |  | 24.6 |  |  |  | 24.6 |
Y & C Engine Co., Ltd (“Y&C”) |  | Manufacture and sale of heavy duty diesel engines, spare parts and after-sales services |  |  | People’s Republic of China |  |  |  | 34.4 |  |  |  | 34.4 |
Guangxi Yineng IOT Science & Technology Co., Ltd. |  | Design, development, management and marketing of an electronic operations management platform |  |  | People’s Republic of China |  |  |  | 15.3 |  |  |  | 15.3 |
MTU Yuchai Power Co., Ltd (“MTU Yuchai Power”) |  | Manufacture off-road diesel engines |  |  | People’s Republic of China |  |  |  | 38.2 |  |  |  | 38.2 |
Eberspaecher Yuchai Exhaust Technology Co. Ltd (“Eberspaecher Yuchai”) |  | Application development, production, sales and service on engine exhaust control systems |  |  | People’s Republic of China |  |  |  | 37.4 |  |  |  | 37.4 |
Summarized Financial Information of Joint Ventures and Reconciliation with Carrying Amount of Investment in Consolidated Financial Statements |
|  | 31.12.2018 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 1,443,238 |  |  |  | 160,580 |  |  |  | 1,603,818 |
Depreciation and amortization |  |  | (45,254 | ) |  |  | (3,744 | ) |  |  | (48,998 | )
Interest expense |  |  | (24,605 | ) |  |  | (1,689 | ) |  |  | (26,294 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | 43,359 |  |  |  | (4,197 | ) |  |  | 39,162 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  |  |
Group’s share of profit/(loss) |  |  | 19,512 |  |  |  | (2,099 | ) |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (1,900 | ) |  |  | (4,783 | ) |  |  |  |
Group’s share of profit/(loss) of significant joint ventures |  |  | 17,612 |  |  |  | (6,882 | ) |  |  | 10,730 |
Group’s share of profit of other joint ventures, representing the Group’s share of total comprehensive income of other joint ventures |  |  |  |  |  |  |  |  |  |  | 963 |
Group’s share of profit for the year, representing the Group’s share of total comprehensive income for the year |  |  |  |  |  |  |  |  |  |  | 11,693 |
|  | 31.12.2019 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Eberspaecher Yuchai |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Non-current assets |  |  | 774,046 |  |  |  | 78,362 |  |  |  | 24,001 |  |  |  | 876,409 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 164,942 |  |  |  | 9,265 |  |  |  | 54,567 |  |  |  | 228,774 |
- Others |  |  | 1,060,805 |  |  |  | 221,482 |  |  |  | 7,970 |  |  |  | 1,290,257 |
Total assets |  |  | 1,999,793 |  |  |  | 309,109 |  |  |  | 86,538 |  |  |  | 2,395,440 |
Non-current liabilities |  |  | (84,154 | ) |  |  | — |  |  |  | — |  |  |  | (84,154 | )
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Others |  |  | (1,396,116 | ) |  |  | (179,680 | ) |  |  | (21,651 | ) |  |  | (1,597,447 | )
Total liabilities |  |  | (1,480,270 | ) |  |  | (179,680 | ) |  |  | (21,651 | ) |  |  | (1,681,601 | )
Equity |  |  | 519,523 |  |  |  | 129,429 |  |  |  | 64,887 |  |  |  | 713,839 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |
Group’s share of net assets |  |  | 233,786 |  |  |  | 64,714 |  |  |  | 31,794 |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (57,704 | ) |  |  | (4,783 | ) |  |  | — |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 176,082 |  |  |  | 59,931 |  |  |  | 31,794 |  |  |  | 267,807 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,184 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 273,991 |
|  | 31.12.2019 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Eberspaecher Yuchai |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 2,404,244 |  |  |  | 178,796 |  |  |  | 3,509 |  |  |  | 2,586,549 |
Depreciation and amortization |  |  | (26,099 | ) |  |  | (6,379 | ) |  |  | (25 | ) |  |  | (32,503 | )
Interest expense |  |  | (29,606 | ) |  |  | (5,017 | ) |  |  | — |  |  |  | (34,623 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | 44,484 |  |  |  | 600 |  |  |  | (19,114 | ) |  |  | 25,970 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |
Group’s share of profit/(loss) |  |  | 20,018 |  |  |  | 300 |  |  |  | (9,366 | ) |  |  |  |
Unrealized profit on transactions with joint venture |  |  | 8,466 |  |  |  | 294 |  |  |  | — |  |  |  |  |
Group’s share of profit/(loss) of significant joint ventures |  |  | 28,484 |  |  |  | 594 |  |  |  | (9,366 | ) |  |  | 19,712 |
Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (497 | )
Group’s share of profit for the year, representing the Group’s share of total comprehensive income for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 19,215 |
|  | 31.12.2020 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Eberspaecher Yuchai |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Non-current assets |  |  | 740,423 |  |  |  | 71,635 |  |  |  | 45,583 |  |  |  | 857,641 |  |  |  | 132,530 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 160,844 |  |  |  | 43,056 |  |  |  | 2,273 |  |  |  | 206,173 |  |  |  | 31,860 |
- Others |  |  | 1,287,935 |  |  |  | 266,123 |  |  |  | 43,895 |  |  |  | 1,597,953 |  |  |  | 246,929 |
Total assets |  |  | 2,189,202 |  |  |  | 380,814 |  |  |  | 91,751 |  |  |  | 2,661,767 |  |  |  | 411,319 |
Non-current liabilities |  |  | (417,759 | ) |  |  | — |  |  |  | — |  |  |  | (417,759 | ) |  |  | (64,556 | )
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Others |  |  | (1,340,704 | ) |  |  | (244,963 | ) |  |  | (65,960 | ) |  |  | (1,651,627 | ) |  |  | (255,223 | )
Total liabilities |  |  | (1,758,463 | ) |  |  | (244,963 | ) |  |  | (65,960 | ) |  |  | (2,069,386 | ) |  |  | (319,779 | )
Equity |  |  | 430,739 |  |  |  | 135,851 |  |  |  | 25,791 |  |  |  | 592,381 |  |  |  | 91,540 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |  |  |
Group’s share of net assets |  |  | 193,833 |  |  |  | 67,926 |  |  |  | 12,638 |  |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (48,234 | ) |  |  | (5,709 | ) |  |  | — |  |  |  |  |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 145,599 |  |  |  | 62,217 |  |  |  | 12,638 |  |  |  | 220,454 |  |  |  | 34,066 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,666 |  |  |  | 1,030 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 227,120 |  |  |  | 35,096 |
|  | 31.12.2020 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Eberspaecher Yuchai |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Revenue |  |  | 3,021,877 |  |  |  | 307,699 |  |  |  | 45,966 |  |  |  | 3,375,542 |  |  |  | 521,617 |
Depreciation and amortization |  |  | (59,406 | ) |  |  | (2,350 | ) |  |  | (360 | ) |  |  | (62,116 | ) |  |  | (9,599 | )
Interest expense, net |  |  | (40,709 | ) |  |  | (1,983 | ) |  |  | — |  |  |  | (42,692 | ) |  |  | (6,597 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | (88,785 | ) |  |  | 6,421 |  |  |  | (39,095 | ) |  |  | (121,459 | ) |  |  | (18,769 | )
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |  |  |
Group’s share of profit/(loss) |  |  | (39,953 | ) |  |  | 3,211 |  |  |  | (19,157 | ) |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (4,063 | ) |  |  | 27 |  |  |  | — |  |  |  |  |  |  |  |  |
Group’s share of profit/(loss) of significant joint ventures |  |  | (44,016 | ) |  |  | 3,238 |  |  |  | (19,157 | ) |  |  | (59,935 | ) |  |  | (9,262 | )
Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 513 |  |  |  | 79 |
Group’s share of profit for the year, representing the Group’s share of total comprehensive income for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (59,422 | ) |  |  | (9,183 | )

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