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Investments in subsidiaries
 12 Months Ended
Dec. 31, 2022
Investments accounted for using equity method [abstract]  
Investments in subsidiaries
4.
Investments in subsidiaries
Details of significant subsidiaries of the Group are as follows:
 
Name of significant subsidiary
   
Place of
incorporation/
business
   
Group’s effective
equity interest
  
         
31.12.2021
     
31.12.2022
  
         
%
     
%
  
Guangxi Yuchai Machinery Company Limited
    People’s Republic of China      76.4        76.4  
Guangxi Yuchai Marine and Genset Power Co., Ltd.
    People’s Republic of China      76.4        76.4  
Yuchai
Xin-Lan
New Energy Power Technology Co., Ltd
    People’s Republic of China      76.4        69.5  
Guangxi Yuchai Machinery Monopoly Development Co., Ltd
    People’s Republic of China      54.9        54.9  
Guangxi Yuchai Foundry Co., Ltd (formerly known as Guangxi Yuchai Accessories Manufacturing Company Limited)
    People’s Republic of China      76.4        76.4  
HL Global Enterprises Limited
    Singapore      50.2        50.2  
The Group has the following subsidiary that has
non-controlling
interests (“NCI”) that are material to the Group.
 
    
31.12.2020
    
31.12.2021
    
31.12.2022
  
Proportion of equity interest held by NCI
                         
Yuchai
      23.6 %      23.6 %      23.6 % 
    
 
 
    
 
 
    
 
 
  
 
    
31.12.2020
RMB’000
     
31.12.2021
RMB’000
     
31.12.2022
RMB’000
     
31.12.2022
US$’000
  
Accumulated balances of material NCI
                                    
Yuchai
      2,624,933        2,574,669        2,627,354        377,933  
    
 
 
     
 
 
     
 
 
     
 
 
  
Profit allocated to material NCI
                                    
Yuchai
      229,231        153,500        114,700        16,499  
    
 
 
     
 
 
     
 
 
     
 
 
  
Dividends paid to material NCI
                                    
Yuchai
      207,514        203,753        103,199        14,845  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
Summarized financial information including goodwill on acquisition and consolidation adjustments but before intercompany eliminations of subsidiaries with material
non-controlling
interests are as follows:
 
    
31.12.2020
  
    
Yuchai
RMB’000
  
Summarized statement of comprehensive income
         
Revenue
      20,557,660  
    
 
 
  
Profit after tax
      829,042  
    
 
 
  
Total comprehensive income for the year
      826,214  
    
 
 
  
Attributable to NCI
      229,231  
    
 
 
  
Summarized statement of cash flows
         
Operating
      1,476,034  
Investing
      (794,291 ) 
Financing
      (505,997 ) 
    
 
 
  
Net increase in cash and cash equivalents
      175,746  
    
 
 
  
 
    
31.12.2021
  
    
Yuchai
RMB’000
  
Summarized statement of financial position
         
Current assets
      16,872,371  
Non-current
assets, excluding goodwill
      6,812,500  
Goodwill
      212,636  
Current liabilities
      (12,424,968 ) 
Non-current
liabilities
      (781,986 ) 
    
 
 
  
Net assets
      10,690,553  
    
 
 
  
Total equity
      10,690,553  
    
 
 
  
Attributable to NCI
      2,574,669  
    
 
 
  
Summarized statement of comprehensive income
         
Revenue
      21,254,134  
    
 
 
  
Profit after tax
      443,499  
    
 
 
  
Total comprehensive income for the year
      506,769  
    
 
 
  
Attributable to NCI
      153,500  
    
 
 
  
Summarized statement of cash flows
         
Operating
      588,727  
Investing
      (674,686 ) 
Financing
      (1,002,764 ) 
    
 
 
  
Net increase in cash and cash equivalents
      (1,088,723 ) 
    
 
 
  
 
    
31.12.2022
  
    
Yuchai
  
    
RMB’000
     
US$’000
  
Summarized statement of financial position
                  
Current assets
      16,070,488        2,311,668  
Non-current
assets, excluding goodwill
      6,737,117        969,104  
Goodwill
      212,636        30,587  
Current liabilities
      (11,204,417 )       (1,611,706 ) 
Non-current
liabilities
      (1,016,521 )       (146,222 ) 
    
 
 
     
 
 
  
Net assets
      10,799,303        1,553,431  
    
 
 
     
 
 
  
Total equity
      10,799,303        1,553,431  
    
 
 
     
 
 
  
Attributable to NCI
      2,627,354        377,933  
    
 
 
     
 
 
  
Summarized statement of comprehensive income
                  
Revenue
      15,998,041        2,301,247  
    
 
 
     
 
 
  
Profit after tax
      355,140        51,085  
    
 
 
     
 
 
  
Total comprehensive income for the year
      355,936        51,200  
    
 
 
     
 
 
  
Attributable to NCI
      114,700        16,499  
    
 
 
     
 
 
  
Summarized statement of cash flows
                  
Operating
      (82,444 )       (11,859 ) 
Investing
      (221,126 )       (31,808 ) 
Financing
      (181,072 )       (26,046 ) 
    
 
 
     
 
 
  
Net increase in cash and cash equivalents
      (484,642 )       (69,713 ) 
    
 
 
     
 
 
  
Significant restrictions
The nature and extent of significant restrictions on the Group’s ability to use or access assets and settle liabilities of subsidiaries with material
non-controlling
interests are:
At the end of the reporting period, cash and cash equivalents of RMB 3,717.3 million (US$ 534.7 million) (2021: RMB 4,200.5 million) held in the PRC are subject to local exchange control regulations. These regulations place restriction on the amount of currency being exported other than through dividends, trade and service related transactions.
Dilution of ownership in subsidiary, without loss of control in 2022
In November 2022, Yuchai’s wholly owned subsidiary,
 
Yuchai
Xin-Lan
issued additional ordinary shares to
non-controlling
interest for cash consideration of RMB 50.0 million (US$ 7.2 million). As a result, Yuchai’s shareholding in
 
Yuchai
Xin-Lan
decreased to 90.9%.