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Investment in joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments accounted for using equity method [abstract] |
Share of Results of Joint Ventures and Carrying Amount of Investment to Joint Ventures |
|  | 31.12.2021 |  |  | 31.12.2022 |  |  | 31.12.2023 |  |  | 31.12.2023 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Share of results of joint ventures, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  | (125,853 | ) |  |  | (54,116 | ) |  |  | (4,019 | ) |  |  | (566 | )
MTU Yuchai Power Co., Ltd. |  |  | 28,037 |  |  |  | 40,279 |  |  |  | 74,727 |  |  |  | 10,520 |
Guangxi Purem Yuchai Automotive Technology Co., Ltd. |  |  | 1,377 |  |  |  | (11,278 | ) |  |  | (4,508 | ) |  |  | (635 | )
Other joint ventures |  |  | 454 |  |  |  | (2,431 | ) |  |  | (4,117 | ) |  |  | (579 | )
|  |  | (95,985 | ) |  |  | (27,546 | ) |  |  | 62,083 |  |  |  | 8,740 |
|  |  |  |  | 31.12.2022 |  |  | 31.12.2023 |  |  | 31.12.2023 |
|  |  |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Carrying amount of investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  |  |  |  |  | 488 |  |  |  | 12,977 |  |  |  | 1,827 |
MTU Yuchai Power Co., Ltd |  |  |  |  |  |  | 128,140 |  |  |  | 203,156 |  |  |  | 28,599 |
Guangxi Purem Yuchai Automotive Technology Co., Ltd. |  |  |  |  |  |  | 20,377 |  |  |  | 15,869 |  |  |  | 2,234 |
Other joint ventures |  |  |  |  |  |  | 5,698 |  |  |  | 5,227 |  |  |  | 736 |
|  |  |  |  |  |  | 154,703 |  |  |  | 237,229 |  |  |  | 33,396 |
Summary of Significant Joint Ventures | Details of significant joint ventures of the Group are as follows:
Name of company |  | Principal activities |  | Place of incorporation/ business |  | Group’s effective equity interest |
|  |  |  |  |  | 31.12.2022 |  |  | 31.12.2023 |
|  |  |  |  |  | % |  |  | % |
Held by subsidiaries |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd (“Y&C”) |  | Manufacture and sale of heavy-duty diesel engines, spare parts and after-sales services |  | PRC |  |  | 34.4 |  |  |  | 34.4 |
MTU Yuchai Power Co., Ltd (“MTU Yuchai Power”) |  | Manufacture off-road diesel engines |  | PRC |  |  | 38.2 |  |  |  | 38.2 |
Guangxi Purem Yuchai Automotive Technology Co., Ltd. (“Purem”) |  | Application development, production, sales and service on engine exhaust control systems |  | PRC |  |  | 37.4 |  |  |  | 37.4 |
Summarized Financial Information of Joint Ventures and Reconciliation with Carrying Amount of Investment in Consolidated Financial Statements |
|  | 31.12.2021 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 2,072,721 |  |  |  | 467,800 |  |  |  | 157,316 |  |  |  | 2,697,837 |
Depreciation and amortization |  |  | (52,881 | ) |  |  | (2,377 | ) |  |  | (709 | ) |  |  | (55,967 | )
Interest expense |  |  | (51,836 | ) |  |  | (1,850 | ) |  |  | (41 | ) |  |  | (53,727 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | (282,205 | ) |  |  | 54,526 |  |  |  | 2,811 |  |  |  | (224,868 | )
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |
Group’s share of results |  |  | (126,992 | ) |  |  | 27,263 |  |  |  | 1,377 |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | 1,139 |  |  |  | 774 |  |  |  | — |  |  |  |  |
Group’s share of results of significant joint ventures |  |  | (125,853 | ) |  |  | 28,037 |  |  |  | 1,377 |  |  |  | (96,439 | )
Group’s share of results of other joint ventures, representing the Group’s share of total comprehensive income of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 454 |
Group’s share of results for the year, representing the Group’s share of total comprehensive loss for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (95,985 | )
|  | 31.12.2022 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Non-current assets |  |  | 616,161 |  |  |  | 89,353 |  |  |  | 60,439 |  |  |  | 765,953 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 97,741 |  |  |  | 291,807 |  |  |  | 26,744 |  |  |  | 416,292 |
- Others |  |  | 502,174 |  |  |  | 209,696 |  |  |  | 31,512 |  |  |  | 743,382 |
Total assets |  |  | 1,216,076 |  |  |  | 590,856 |  |  |  | 118,695 |  |  |  | 1,925,627 |
Non-current liabilities |  |  | (145,418 | ) |  |  | — |  |  |  | — |  |  |  | (145,418 | )
Current liabilities |  |  | (987,638 | ) |  |  | (334,576 | ) |  |  | (77,109 | ) |  |  | (1,399,323 | )
Total liabilities |  |  | (1,133,056 | ) |  |  | (334,576 | ) |  |  | (77,109 | ) |  |  | (1,544,741 | )
Net assets |  |  | 83,020 |  |  |  | 256,280 |  |  |  | 41,586 |  |  |  | 380,886 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |
Group’s share of net assets |  |  | 37,359 |  |  |  | 128,140 |  |  |  | 20,377 |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (36,871 | ) |  |  | — |  |  |  | — |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 488 |  |  |  | 128,140 |  |  |  | 20,377 |  |  |  | 149,005 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,698 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 154,703 |
|  | 31.12.2022 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 1,255,967 |  |  |  | 594,197 |  |  |  | 69,380 |  |  |  | 1,919,544 |
Depreciation and amortization |  |  | (29,617 | ) |  |  | (9,733 | ) |  |  | (7,726 | ) |  |  | (47,076 | )
Interest expense |  |  | (30,547 | ) |  |  | 470 |  |  |  | (469 | ) |  |  | (30,546 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | (65,961 | ) |  |  | 66,076 |  |  |  | (23,016 | ) |  |  | (22,901 | )
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |
Group’s share of results |  |  | (29,682 | ) |  |  | 33,038 |  |  |  | (11,278 | ) |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (24,434 | ) |  |  | 7,241 |  |  |  | — |  |  |  |  |
Group’s share of results of significant joint ventures |  |  | (54,116 | ) |  |  | 40,279 |  |  |  | (11,278 | ) |  |  | (25,115 | )
Group’s share of results of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,431 | )
Group’s share of results for the year, representing the Group’s share of total comprehensive loss for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (27,546 | )
|  | 31.12.2023 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Non-current assets |  |  | 685,434 |  |  |  | 74,794 |  |  |  | 51,877 |  |  |  | 812,105 |  |  |  | 114,323 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 64,252 |  |  |  | 523,858 |  |  |  | 16,171 |  |  |  | 604,281 |  |  |  | 85,067 |
- Others |  |  | 426,105 |  |  |  | 226,881 |  |  |  | 45,009 |  |  |  | 697,995 |  |  |  | 98,259 |
Total assets |  |  | 1,175,791 |  |  |  | 825,533 |  |  |  | 113,057 |  |  |  | 2,114,381 |  |  |  | 297,649 |
Non-current liabilities |  |  | (146,218 | ) |  |  | (4,825 | ) |  |  | — |  |  |  | (151,043 | ) |  |  | (21,263 | )
Current liabilities |  |  | (946,348 | ) |  |  | (414,396 | ) |  |  | (80,672 | ) |  |  | (1,441,416 | ) |  |  | (202,913 | )
Total liabilities |  |  | (1,092,566 | ) |  |  | (419,221 | ) |  |  | (80,672 | ) |  |  | (1,592,459 | ) |  |  | (224,176 | )
Net assets |  |  | 83,225 |  |  |  | 406,312 |  |  |  | 32,385 |  |  |  | 521,922 |  |  |  | 73,473 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |  |  |
Group’s share of net assets |  |  | 37,451 |  |  |  | 203,156 |  |  |  | 15,869 |  |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (24,474 | ) |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 12,977 |  |  |  | 203,156 |  |  |  | 15,869 |  |  |  | 232,002 |  |  |  | 32,660 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,227 |  |  |  | 736 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 237,229 |  |  |  | 33,396 |
|  | 31.12.2023 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Revenue |  |  | 1,562,179 |  |  |  | 708,432 |  |  |  | 79,119 |  |  |  | 2,349,730 |  |  |  | 330,780 |
Depreciation and amortization |  |  | (63,648 | ) |  |  | (8,682 | ) |  |  | (7,557 | ) |  |  | (79,887 | ) |  |  | (11,246 | )
Interest expense, net |  |  | (22,508 | ) |  |  | 6,762 |  |  |  | 36 |  |  |  | (15,710 | ) |  |  | (2,212 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | (6 | ) |  |  | 150,030 |  |  |  | (9,201 | ) |  |  | 140,823 |  |  |  | 19,824 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |  |  |
Group’s share of results |  |  | (3 | ) |  |  | 75,015 |  |  |  | (4,508 | ) |  |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (4,016 | ) |  |  | (288 | ) |  |  | — |  |  |  |  |  |  |  |  |
Group’s share of results of significant joint ventures |  |  | (4,019 | ) |  |  | 74,727 |  |  |  | (4,508 | ) |  |  | 66,200 |  |  |  | 9,319 |
Group’s share of results of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,117 | ) |  |  | (579 | )
Group’s share of results for the year, representing the Group’s share of total comprehensive income for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 62,083 |  |  |  | 8,740 |

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