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Investment in joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2021
Investments accounted for using equity method [abstract] |
Share of Results of Joint Ventures and Carrying Amount of Investment to Joint Ventures |
5. | Investment in joint v e ntures
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Share of profit/(loss) of joint ventures, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  | 28,484 |  |  |  | (44,016 | ) |  |  | (125,853 | ) |  |  | (19,907 | )
MTU Yuchai Power Co., Ltd. |  |  | 594 |  |  |  | 3,238 |  |  |  | 28,037 |  |  |  | 4,435 |
Eberspaecher Yuchai Exhaust Technology Co., Ltd |  |  | (9,366 | ) |  |  | (19,157 | ) |  |  | 1,377 |  |  |  | 218 |
Other joint ventures |  |  | (497 | ) |  |  | 513 |  |  |  | 454 |  |  |  | 72 |
|  |  | 19,215 |  |  |  | (59,422 | ) |  |  | (95,985 | ) |  |  | (15,182 | )
|  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Carrying amount of investments: |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  | 145,599 |  |  |  | 22,821 |  |  |  | 3,610 |
MTU Yuchai Power Co., Ltd |  |  | 62,217 |  |  |  | 89,481 |  |  |  | 14,153 |
Eberspaecher Yuchai Exhaust Technology Co., Ltd |  |  | 12,638 |  |  |  | 31,655 |  |  |  | 5,007 |
Other joint ventures |  |  | 6,666 |  |  |  | 7,138 |  |  |  | 1,129 |
|  |  | 227,120 |  |  |  | 151,095 |  |  |  | 23,899 |
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 |
|  |  |  |  |  |  | 31.12.2020 |  |  | 31.12.2021 |
|  |  |  |  |  |  | % |  |  | % |
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 |
|  | 31.12.2019 |
|  | 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 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Non-current assets |  |  | 740,423 |  |  |  | 71,635 |  |  |  | 45,583 |  |  |  | 857,641 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 160,844 |  |  |  | 43,056 |  |  |  | 2,273 |  |  |  | 206,173 |
- Others |  |  | 1,287,935 |  |  |  | 266,123 |  |  |  | 43,895 |  |  |  | 1,597,953 |
Total assets |  |  | 2,189,202 |  |  |  | 380,814 |  |  |  | 91,751 |  |  |  | 2,661,767 |
Non-current liabilities |  |  | (417,759 | ) |  |  | — |  |  |  | — |  |  |  | (417,759 | )
Current liabilities |  |  | (1,340,704 | ) |  |  | (244,963 | ) |  |  | (65,960 | ) |  |  | (1,651,627 | )
Total liabilities |  |  | (1,758,463 | ) |  |  | (244,963 | ) |  |  | (65,960 | ) |  |  | (2,069,386 | )
Equity |  |  | 430,739 |  |  |  | 135,851 |  |  |  | 25,791 |  |  |  | 592,381 |
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 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,666 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 227,120 |
|  | 31.12.2020 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Eberspaecher Yuchai |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 3,021,877 |  |  |  | 307,699 |  |  |  | 45,966 |  |  |  | 3,375,542 |
Depreciation and amortization |  |  | (59,406 | ) |  |  | (2,350 | ) |  |  | (360 | ) |  |  | (62,116 | )
Interest expense |  |  | (40,709 | ) |  |  | (1,983 | ) |  |  | — |  |  |  | (42,692 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | (88,785 | ) |  |  | 6,421 |  |  |  | (39,095 | ) |  |  | (121,459 | )
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 | )
Group’s share of profit of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 513 |
Group’s share of loss for the year, representing the Group’s share of total comprehensive loss for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (59,422 | )
|  | 31.12.2021 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Eberspaecher Yuchai |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Non-current assets |  |  | 660,856 |  |  |  | 89,749 |  |  |  | 71,858 |  |  |  | 822,463 |  |  |  | 130,091 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 179,779 |  |  |  | 63,609 |  |  |  | 2,105 |  |  |  | 245,493 |  |  |  | 38,830 |
- Others |  |  | 817,972 |  |  |  | 310,394 |  |  |  | 99,352 |  |  |  | 1,227,718 |  |  |  | 194,192 |
Total assets |  |  | 1,658,607 |  |  |  | 463,752 |  |  |  | 173,315 |  |  |  | 2,295,674 |  |  |  | 363,113 |
Non-current liabilities |  |  | (362,779 | ) |  |  | — |  |  |  | (14,109 | ) |  |  | (376,888 | ) |  |  | (59,613 | )
Current liabilities |  |  | (1,147,416 | ) |  |  | (271,521 | ) |  |  | (94,604 | ) |  |  | (1,513,541 | ) |  |  | (239,401 | )
Total liabilities |  |  | (1,510,195 | ) |  |  | (271,521 | ) |  |  | (108,713 | ) |  |  | (1,890,429 | ) |  |  | (299,014 | )
Equity |  |  | 148,412 |  |  |  | 192,231 |  |  |  | 64,602 |  |  |  | 405,245 |  |  |  | 64,099 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |  |  |
Group’s share of net assets |  |  | 66,785 |  |  |  | 96,116 |  |  |  | 31,655 |  |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (43,964 | ) |  |  | (6,635 | ) |  |  | — |  |  |  |  |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 22,821 |  |  |  | 89,481 |  |  |  | 31,655 |  |  |  | 143,957 |  |  |  | 22,770 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,138 |  |  |  | 1,129 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 151,095 |  |  |  | 23,899 |
|  | 31.12.2021 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Eberspaecher Yuchai |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Revenue |  |  | 2,072,721 |  |  |  | 467,800 |  |  |  | 157,316 |  |  |  | 2,697,837 |  |  |  | 426,724 |
Depreciation and amortization |  |  | (52,881 | ) |  |  | (2,377 | ) |  |  | (709 | ) |  |  | (55,967 | ) |  |  | (8,852 | )
Interest expense, net |  |  | (51,836 | ) |  |  | (1,850 | ) |  |  | (41 | ) |  |  | (53,727 | ) |  |  | (8,498 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | (282,205 | ) |  |  | 54,526 |  |  |  | 2,811 |  |  |  | (224,868 | ) |  |  | (35,568 | )
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |  |  |
Group’s share of profit/(loss) |  |  | (126,992 | ) |  |  | 27,263 |  |  |  | 1,377 |  |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | 1,139 |  |  |  | 774 |  |  |  | — |  |  |  |  |  |  |  |  |
Group’s share of profit/(loss) of significant joint ventures |  |  | (125,853 | ) |  |  | 28,037 |  |  |  | 1,377 |  |  |  | (96,439 | ) |  |  | (15,254 | )
Group’s share of loss of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 454 |  |  |  | 72 |
Group’s share of loss for the year, representing the Group’s share of total comprehensive loss for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (95,985 | ) |  |  | (15,182 | )

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