XML 60 R49.htm IDEA: XBRL DOCUMENT
v3.25.1

Investment in joint ventures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Investments accounted for using equity method [abstract] |
Share of Results of Joint Ventures and Carrying Amount of Investment to Joint Ventures |
|  | 31.12.2022 |  |  | 31.12.2023 |  |  | 31.12.2024 |  |  | 31.12.2024 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Share of results of joint ventures, net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  | (54,116 | ) |  |  | (4,019 | ) |  |  | 15,680 |  |  |  | 2,186 |
MTU Yuchai Power Co., Ltd. |  |  | 40,279 |  |  |  | 74,727 |  |  |  | 86,504 |  |  |  | 12,058 |
Guangxi Purem Yuchai Automotive Technology Co., Ltd. |  |  | (11,278 | ) |  |  | (4,508 | ) |  |  | 987 |  |  |  | 138 |
Other joint ventures |  |  | (2,431 | ) |  |  | (4,117 | ) |  |  | (1,618 | ) |  |  | (226 | )
|  |  | (27,546 | ) |  |  | 62,083 |  |  |  | 101,553 |  |  |  | 14,156 |
|  | 31.12.2023 |  |  | 31.12.2024 |  |  | 31.12.2024 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Carrying amount of investments: |  |  |  |  |  |  |  |  |
Y & C Engine Co., Ltd |  |  | 12,977 |  |  |  | 34,872 |  |  |  | 4,861 |
MTU Yuchai Power Co., Ltd |  |  | 203,156 |  |  |  | 286,841 |  |  |  | 39,985 |
Guangxi Purem Yuchai Automotive Technology Co., Ltd. |  |  | 15,869 |  |  |  | 16,856 |  |  |  | 2,350 |
Other joint ventures |  |  | 5,227 |  |  |  | 10 |  |  |  | 1 |
|  |  | 237,229 |  |  |  | 338,579 |  |  |  | 47,197 |
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
|  |  |  |  |  | 31.12.2023 |  | 31.12.2024
|  |  |  |  |  | % |  | %
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 |  | 35.7
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 | Summarised financial information of the Group’s significant joint ventures, based on its IFRS financial statements, and reconciliation with the carrying amount of investment in the consolidated financial statements are as follows:
|  | 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)/income, net |  |  | (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 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Non-current assets |  |  | 685,434 |  |  |  | 74,794 |  |  |  | 51,877 |  |  |  | 812,105 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 64,252 |  |  |  | 523,858 |  |  |  | 16,171 |  |  |  | 604,281 |
- Others |  |  | 426,105 |  |  |  | 226,881 |  |  |  | 45,009 |  |  |  | 697,995 |
Total assets |  |  | 1,175,791 |  |  |  | 825,533 |  |  |  | 113,057 |  |  |  | 2,114,381 |
Non-current liabilities |  |  | (146,218 | ) |  |  | (4,825 | ) |  |  | — |  |  |  | (151,043 | )
Current liabilities |  |  | (946,348 | ) |  |  | (414,396 | ) |  |  | (80,672 | ) |  |  | (1,441,416 | )
Total liabilities |  |  | (1,092,566 | ) |  |  | (419,221 | ) |  |  | (80,672 | ) |  |  | (1,592,459 | )
Net assets |  |  | 83,225 |  |  |  | 406,312 |  |  |  | 32,385 |  |  |  | 521,922 |
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 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  | 5,227 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  | 237,229 |
5. Investment in joint ventures (cont’d)
|  | 31.12.2023 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Revenue |  |  | 1,562,179 |  |  |  | 708,432 |  |  |  | 79,119 |  |  |  | 2,349,730 |
Depreciation and amortization |  |  | (63,648 | ) |  |  | (8,682 | ) |  |  | (7,557 | ) |  |  | (79,887 | )
Interest (expense)/income, net |  |  | (22,508 | ) |  |  | 6,762 |  |  |  | 36 |  |  |  | (15,710 | )
Profit/(loss) for the year, representing total comprehensive income for the year |  |  | (6 | ) |  |  | 150,030 |  |  |  | (9,201 | ) |  |  | 140,823 |
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 |
Group’s share of results of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  | (4,117 | )
Group’s share of results for the year, representing the Group’s share of total comprehensive income for the year |  |  |  |  |  |  |  |  |  |  |  | 62,083 |
|  | 31.12.2024 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Non-current assets |  |  | 615,724 |  |  |  | 80,622 |  |  |  | 42,707 |  |  |  | 739,053 |  |  |  | 103,021 |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash and bank balances |  |  | 63,381 |  |  |  | 610,900 |  |  |  | 40,084 |  |  |  | 714,365 |  |  |  | 99,580 |
- Others |  |  | 443,449 |  |  |  | 253,523 |  |  |  | 29,891 |  |  |  | 726,863 |  |  |  | 101,322 |
Total assets |  |  | 1,122,554 |  |  |  | 945,045 |  |  |  | 112,682 |  |  |  | 2,180,281 |  |  |  | 303,923 |
Non-current liabilities |  |  | (185,872 | ) |  |  | (5,101 | ) |  |  | — |  |  |  | (190,973 | ) |  |  | (26,621 | )
Current liabilities |  |  | (840,925 | ) |  |  | (360,026 | ) |  |  | (78,282 | ) |  |  | (1,279,233 | ) |  |  | (178,320 | )
Total liabilities |  |  | (1,026,797 | ) |  |  | (365,127 | ) |  |  | (78,282 | ) |  |  | (1,470,206 | ) |  |  | (204,941 | )
Net assets |  |  | 95,757 |  |  |  | 579,918 |  |  |  | 34,400 |  |  |  | 710,075 |  |  |  | 98,982 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |
Group’s share of net assets |  |  | 43,091 |  |  |  | 289,959 |  |  |  | 16,856 |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | (8,219 | ) |  |  | (3,118 | ) |  |  | — |  |  |  |  |  |  |
Carrying amount of significant joint ventures |  |  | 34,872 |  |  |  | 286,841 |  |  |  | 16,856 |  |  |  | 338,569 |  |  |  | 47,196 |
Carrying amount of other joint ventures |  |  |  |  |  |  |  |  |  |  |  | 10 |  |  |  | 1 |
Carrying amount of the investment in joint ventures |  |  |  |  |  |  |  |  |  |  |  | 338,579 |  |  |  | 47,197 |
5. Investment in joint ventures (cont’d)
|  | 31.12.2024 |
|  | Y & C |  |  | MTU Yuchai Power |  |  | Purem |  |  | Total |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Revenue |  |  | 1,492,662 |  |  |  | 973,322 |  |  |  | 78,569 |  |  |  | 2,544,553 |  |  |  | 354,701 |
Depreciation and amortization |  |  | (73,861 | ) |  |  | (9,471 | ) |  |  | (7,198 | ) |  |  | (90,530 | ) |  |  | (12,620 | )
Interest (expense)/income, net |  |  | (20,545 | ) |  |  | 10,570 |  |  |  | 47 |  |  |  | (9,928 | ) |  |  | (1,384 | )
Profit for the year, representing total comprehensive income for the year |  |  | 12,587 |  |  |  | 173,606 |  |  |  | 2,014 |  |  |  | 188,207 |  |  |  | 26,235 |
Proportion of the Group’s ownership |  |  | 45 | % |  |  | 50 | % |  |  | 49 | % |  |  |  |  |  |
Group’s share of results |  |  | 5,664 |  |  |  | 86,803 |  |  |  | 987 |  |  |  |  |  |  |
Unrealized profit on transactions with joint venture |  |  | 10,016 |  |  |  | (299 | ) |  |  | — |  |  |  |  |  |  |
Group’s share of results of significant joint ventures |  |  | 15,680 |  |  |  | 86,504 |  |  |  | 987 |  |  |  | 103,171 |  |  |  | 14,382 |
Group’s share of results of other joint ventures, representing the Group’s share of total comprehensive loss of other joint ventures |  |  |  |  |  |  |  |  |  |  |  | (1,618 | ) |  |  | (226 | )
Group’s share of results for the year, representing the Group’s share of total comprehensive income for the year |  |  |  |  |  |  |  |  |  |  |  | 101,553 |  |  |  | 14,156 |

X
- Definition Disclosure of share of results of joint ventures and carrying amount of investment to joint ventures explanatory [text block] + References No definition available. + Details
Name: | ck0000932695_DisclosureOfShareOfResultsOfJointVenturesAndCarryingAmountOfInvestmentToJointVenturesExplanatory
Namespace Prefix: | ck0000932695_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of significant investments in joint ventures. + References No definition available. + Details
Name: | ck0000932695_DisclosureOfSignificantInvestmentsInJointVenturesExplanatory
Namespace Prefix: | ck0000932695_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the reconciliation of the summarised financial information of a joint venture accounted for using the equity method to the carrying amount of the reporting entity's interest in the joint venture. [Refer: Carrying amount [member]; Total for all joint ventures [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2024-01-01 -Paragraph B14 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_B14_b&doctype=Appendix&subtype=B -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration