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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

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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]]

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2024-01-01
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