6.1	Disaggregated revenue information

Set out below is the disaggregation of the Group’s revenue from contracts with customers:


	31.12.2019
Segments	Yuchai		HLGE		Total
	RMB’000		RMB’000		RMB’000
Type of goods or services

Heavy-duty engines		6,189,934		—		6,189,934
Medium-duty engines		5,583,982		—		5,583,982
Light-duty engines		2,429,248		—		2,429,248
Other products and services (i)		3,732,436		—		3,732,436
Revenue from hospitality operations		44,704		35,781		80,485

Total revenue from contracts with customers		17,980,304		35,781		18,016,085

Geographical markets
People’s Republic of China		17,913,615		—		17,913,615
Other countries		66,689		35,781		102,470

Total revenue from contracts with customers		17,980,304		35,781		18,016,085

Timing of revenue recognition
At a point in time		17,935,600		—		17,935,600
Over time		44,704		35,781		80,485

Total revenue from contracts with customers		17,980,304		35,781		18,016,085


	31.12.2020
Segments	Yuchai		HLGE		Total
	RMB’000		RMB’000		RMB’000
Type of goods or services
Heavy-duty engines		6,725,312		—		6,725,312
Medium-duty engines		6,626,629		—		6,626,629
Light-duty engines		2,356,168		—		2,356,168
Other products and services (i)		4,809,921		—		4,809,921
Revenue from hospitality operations		39,630		23,510		63,140

Total revenue from contracts with customers		20,557,660		23,510		20,581,170

Geographical markets
People’s Republic of China		20,504,288		—		20,504,288
Other countries		53,372		23,510		76,882

Total revenue from contracts with customers		20,557,660		23,510		20,581,170

Timing of revenue recognition
At a point in time		20,518,030		—		20,518,030
Over time		39,630		23,510		63,140

Total revenue from contracts with customers		20,557,660		23,510		20,581,170


	31.12.2021
Segments	Yuchai		HLGE		Total		Total
	RMB’000		RMB’000		RMB’000		US$’000
Type of goods or services
Heavy-duty engines		7,410,771		—		7,410,771		1,172,182
Medium-duty engines		7,065,283		—		7,065,283		1,117,535
Light-duty engines		2,429,745		—		2,429,745		384,320
Other products and services (i)		4,304,918		77		4,304,995		680,933
Revenue from hospitality operations		43,417		11,719		55,136		8,721

Total revenue from contracts with customers		21,254,134		11,796		21,265,930		3,363,691

Geographical markets
People’s Republic of China		21,206,280		—		21,206,280		3,354,256
Other countries		47,854		11,796		59,650		9,435

Total revenue from contracts with customers		21,254,134		11,796		21,265,930		3,363,691

Timing of revenue recognition
At a point in time		21,210,718		8,067		21,218,785		3,356,234
Over time		43,416		3,729		47,145		7,457

Total revenue from contracts with customers		21,254,134		11,796		21,265,930		3,363,691

Note:

(i)

included sales of power generator sets, engine components, service-type maintenance services and others.

6.2	Contract balances


	31.12.2020		31.12.2021		31.12.2021
	RMB’000		RMB’000		US$’000

Trade receivables (Note 15)		289,048		524,557		82,971
Capitalized contract cost		127,704		147,499		23,330
Contract liabilities (Note 24)		935,462		642,432		101,615

Trade receivables are

non-interest

bearing and are generally on terms of 60 - 90 days.

The contract liabilities comprise short-term advance received from customers and unfulfilled service-type maintenance service. The advance received from customers is recognized as revenue upon the delivery of goods, and the contract liability arising from unfulfilled service-type warranty is recognized upon the completion of the maintenance services. According to the business customary practice, the remaining performance obligations (unfulfilled service-type maintenance service) at the year-end is expected to be satisfied within 2 years.

The significant decrease in contract liabilities as at December 31, 2021 was mainly due to lower advance payment from customers as of the

year-end

for future product deliveries.

(a)

Set out below is the amount of revenue recognized from:


	31.12.2020		31.12.2021		31.12.2021
	RMB’000		RMB’000		US$’000

Amounts include in contract liabilities		363,464		874,391		138,305

(b)

Capitalized contract costs


	31.12.2020			31.12.2021		31.12.2021
	RMB’000			RMB’000		US$’000
Capitalized contract costs relating to service fee charge on development of technology know-how
At January 1		136,457			127,704		20,199
Addition		24,147			19,795		3,131
Reclassified to development costs		(21,519	)		—		—
Released to consolidated statement of profit or loss		(11,381	)		—		—

At December 31		127,704			147,499		23,330

6.3	Performance obligations

The transaction price allocated to the remaining unsatisfied performance obligations as of 31 December are, as follows:


	31.12.2020		31.12.2021		31.12.2021
	RMB’000		RMB’000		US$’000

Within one year		112,454		140,601		22,239
More than one year		67,269		69,172		10,941

Total unfulfilled service-type maintenance service (Note 24)		179,723		209,773		33,180

As of December 31, 2020, the remaining performance obligations (unfulfilled maintenance service) were expected to be satisfied within three years.

In 2021, the Group has reassessed the future satisfaction period relating to the remaining performance obligations related to the unfulfilled service-type maintenance service. Based on the business development and latest data, the Group expects that the remaining performance obligation as of December 31, 2021, to be recognized within 2 years, and accordingly has applied the change of management estimation prospectively. As a result, RMB 36.7 million (US$

5.8 million) was credited to consolidated statement of profit or loss under “revenue” and lower the contract liability (current) by RMB 36.7 million (US$

5.8 million).