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Segment information (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of operating segments [abstract]  
Summary of Segment Information

Year ended
December 31, 2022

 

Yuchai

 

HLGE

 

Corporate

 

Eliminations/
adjustment

 

Consolidated
financial
statements

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

Revenue

 

 

 

 

 

 

 

 

 

 

Total external revenue
   (Note 6.1)

 

15,997,766

 

32,870

 

—

 

—

 

16,030,636

Results

 

 

 

 

 

 

 

 

 

 

Interest income

 

116,668

 

2,902

 

12,309

 

—

 

131,879

Interest expense

 

(90,846)

 

(49)

 

(14)

 

—

 

(90,909)

Depreciation and amortization

 

(619,000)

 

(4,770)

 

(922)

 

—

 

(624,692)

Share of results of associates
   and joint venture

 

(29,554)

 

461

 

—

 

—

 

(29,093)

Income tax expense

 

(47,555)

 

(39)

 

(11,471)

(i)

—

 

(59,065)

Other material non-cash
   items

 

 

 

 

 

 

 

 

 

 

Impairment of property, plant
   and equipment

 

(17,278)

 

—

 

—

 

—

 

(17,278)

Impairment of trade and other
   receivables

 

459

 

—

 

—

 

—

 

459

Warranties

 

(317,076)

 

—

 

—

 

—

 

(317,076)

Segment profit after tax

 

355,140

 

5,152

 

(24,280)

 

(351)

 

335,661

Total assets

 

23,020,241

 

405,871

 

2,215,652

 

(1,504,208)

 

24,137,556

Total liabilities

 

(12,220,938)

 

(12,062)

 

(76,081)

(ii)

6,589

 

(12,302,492)

Others

 

 

 

 

 

 

 

 

 

 

Investment in joint ventures

 

150,219

 

4,484

 

—

 

—

 

154,703

Capital expenditure

 

352,737

 

564

 

47

 

—

 

353,348

 

Year ended
December 31, 2023

 

Yuchai

 

HLGE

 

Corporate

 

Eliminations/
adjustment

 

Consolidated
financial
statements

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

Revenue

 

 

 

 

 

 

 

 

 

 

Total external revenue
   (Note 6.1)

 

18,015,280

 

31,069

 

—

 

—

 

18,046,349

Results

 

 

 

 

 

 

 

 

 

 

Interest income

 

108,792

 

9,545

 

35,792

 

—

 

154,129

Interest expense

 

(95,483)

 

(42)

 

(62)

 

—

 

(95,587)

Depreciation and amortization

 

(659,426)

 

(4,934)

 

(705)

 

—

 

(665,065)

Gain on disposal of a subsidiary

 

113,042

 

—

 

—

 

—

 

113,042

Share of results of associates
   and joint venture

 

62,041

 

37

 

—

 

—

 

62,078

Income tax expense

 

(131,021)

 

(535)

 

(16,940)

(i)

—

 

(148,496)

Other material non-cash
   items

 

 

 

 

 

 

 

 

 

 

Impairment of property, plant
   and equipment

 

(44,667)

 

—

 

—

 

—

 

(44,667)

Impairment of trade and other
   receivables

 

(23,832)

 

(26)

 

—

 

—

 

(23,858)

Warranties

 

(414,021)

 

—

 

—

 

—

 

(414,021)

Segment profit after tax

 

431,697

 

9,534

 

(17,931)

 

(444)

 

422,856

Total assets

 

24,579,069

 

423,968

 

2,258,575

 

(1,503,994)

 

25,757,618

Total liabilities

 

(13,486,829)

 

(11,307)

 

(86,787)

(ii)

2,930

 

(13,581,993)

Others

 

 

 

 

 

 

 

 

 

 

Investment in joint ventures

 

235,558

 

1,671

 

—

 

—

 

237,229

Capital expenditure

 

176,782

 

2,059

 

35

 

—

 

178,876

 

Year ended
December 31, 2024

 

Yuchai

 

HLGE

 

Corporate

 

Eliminations/
adjustment

 

Consolidated
financial
statements

 

Consolidated
financial
statements

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

RMB’000

 

US$’000

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Total external revenue
   (Note 6.1)

 

19,102,797

 

30,778

 

—

 

—

 

19,133,575

 

2,667,146

Results

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

91,649

 

10,243

 

31,748

 

—

 

133,640

 

18,629

Interest expense

 

(73,961)

 

(21)

 

(57)

 

—

 

(74,039)

 

(10,321)

Depreciation and amortization

 

(708,986)

 

(5,103)

 

(741)

 

—

 

(714,830)

 

(99,644)

Share of results of associates
   and joint venture

 

101,564

 

(16)

 

—

 

—

 

101,548

 

14,155

Income tax expense

 

(109,613)

 

(889)

 

(18,296)

(i)

—

 

(128,798)

 

(17,954)

Other material non-cash
   items

 

 

 

 

 

 

 

 

 

 

 

 

Impairment of property, plant
   and equipment

 

(7,332)

 

—

 

—

 

—

 

(7,332)

 

(1,022)

Impairment of intangible
   assets

 

(31,130)

 

—

 

—

 

—

 

(31,130)

 

(4,339)

Impairment of trade and other
   receivables

 

(185,534)

 

11

 

—

 

—

 

(185,523)

 

(25,861)

Warranties

 

626,255

 

—

 

—

 

—

 

626,255

 

87,298

Segment profit after tax

 

516,257

 

8,842

 

(33,525)

 

168

 

491,742

 

68,547

Total assets

 

26,113,702

 

437,971

 

2,000,776

 

(1,504,355)

 

27,048,094

 

3,770,401

Total liabilities

 

(14,655,119)

 

(11,652)

 

(85,218)

(ii)

3,460

 

(14,748,529)

 

(2,055,888)

Others

 

 

 

 

 

 

 

 

 

 

 

 

Investment in joint ventures

 

338,568

 

11

 

—

 

—

 

338,579

 

47,197

Capital expenditure

 

349,696

 

2,129

 

1,004

 

—

 

352,829

 

49,183

 

Segment information (cont’d)

Note:

(i)
This relates mainly to the deferred tax expense relating to withholding tax on dividends from Yuchai.
(ii)
This relates mainly to the deferred tax liabilities relating to cumulative withholding tax on dividends that are expected to be declared from income earned after December 31, 2007 by Yuchai.
Summary of Geographic Information

Non-current assets

 

 

31.12.2023

 

 

31.12.2024

 

 

31.12.2024

 

 

RMB’000

 

 

RMB’000

 

 

US$’000

 

PRC

 

 

5,957,205

 

 

 

5,881,698

 

 

 

819,886

 

Other countries

 

 

87,554

 

 

 

104,422

 

 

 

14,557

 

 

 

6,044,759

 

 

 

5,986,120

 

 

 

834,443