Guangxi Yuchai Machinery Group Co., Ltd.
Company Profile
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Business Overview
- The Company is a state-owned diesel engine manufacturer established in 1951.
-The Company manufactures diesel engines and their components for use in automobiles and industrial machinery.
- The Company has a number of subsidiaries including Guangxi Yuchai Machinery Co., Ltd., which is the core company of the Group.
- China Yuchai International Limited has been listed on the New York Stock Market since 1994.
-The Company sold 385,000 engines during the entire year of 2019. Sales were CNY 40.0 billion, a 11.3% increase year-on-year. Among this figure, the auto-parts business accounted for CNY 29.5 billion.
-Sales of diesel engines increased four times y/y, achieving a market share of 10.13%. As of June 2020, except for the K15 diesel engine and the K05n and K15N gasoline engines, several models out of 10 diesel engines and seven gasoline engines that were compliant with the China 6 emissions standard were beginning to be sold on the market.
Shareholders
| -State-owned | (As of Dec. 31, 2019) |
| Shareholder | Share Ratio (%) |
| State-owned Assets Supervision and Administration Commission of the People's Government of Guangxi Zhuang Autonomous Region | 86.91 |
| Guangxi Industrial Investment Development Co., Ltd. | 13.09 |
| Total | 100 |
Products
Diesel Engines for Trucks/Buses
Engine for Trucks/Buses
Natural Gas Engines for Passenger Cars
Other Components
-Filters
-Cylinder Blocks
-Cylinder Heads
-Crankshafts
-Starters
-Generators
-Camshafts
-Oil Pans
-Clutch Housings
-Flywheels
-Flywheel Ring Gears
-Engine Bearing Caps
-Water-cooling Exhaust Tubes
-Axle Housings
-Air Chamber Brackets
-Diesel engine gears
-Transmission gears
History
| 1951 | The Company established Yulin Quantang Industrial Plant. |
| 1992 | The Company adopted a new name, Yuchai Machinery (Guangxi) Group Co., Ltd., and established a new subsidiary, Guangxi Yuchai Machinery Co., Ltd. |
| Feb. 1993 | The five largest shareholders of the Company jointly established China Yuchai International Limited in Singapore, which became the top shareholder of Guangxi Yuchai Machinery Co., Ltd. |
| Dec. 1994 | China Yuchai International Limited was listed on the New York Stock Exchange. |
| Jul. 2007 | The Company established Guangxi Yuchai Engineering Research Institute to conduct research and development activities for diesel engines. |
| Aug. 2009 | The Company established Yuchai United Power, jointly with China International Marine Containers (Group) Ltd. (CIMC) and Chery Automobile. |
| Mar. 2011 | The Company established CSR Yuchai Nanjun Engine Co., Ltd. jointly with China South Locomotive & Rolling Stock Corporation Limited (CSR) and Sichuan Nanjun Automobile Group Co., Ltd. |
| Jun. 2013 | The Company established Baotou Beiben Yuchai Engine Co., Ltd. in Baotou, Inner Mongolia jointly with Baotou Beifang Chuangye Co., Ltd., Beiben Trucks Group Co., Ltd., and Y&C Engine Co., Ltd. |
| Sep. 2014 | The Company turned Yuchai Rebuilt Industry (Suzhou) Co., Ltd. into its wholly owned subsidiary by acquiring the remaining 49 percent share owned by Caterpillar (China), its former joint venture partner. |
| May. 2016 | Guangxi Yuchai Industry New City Investment Development Co., Ltd., the Company's subsidiary, established a joint venture with Yulin Yinlun Ecotechnology Co., Ltd. |
| Mar. 2018 | Yuchai Group's joint venture, Guangxi UST Sensor Technology Co., Ltd., celebrated its operational launch. |
| Oct. 2018 | Established Eberspaecher Yuchai Exhaust Processing System with Eberspaecher Exhaust Technology International GmbH. |
| Nov. 2019 | Group company, Guangxi Yuchai Machinery Monopoly Development (YMMC), established Vietnam Yuchai Machinery Services Co., Ltd. (VYMS). |
Supplemental Information 1
>>>Business Report FY2006
>>>Business Report FY2007
>>>Business Report FY2008
>>>Business Report FY2009
>>>Business Report FY2010
>>>Business Report FY2011
>>>Business Report FY2012
>>>Business Report FY2013
>>>Business Report FY2014
>>>Business Report FY2015
>>>Business Report FY2016
>>>Business Report FY2017
>>>Business Report FY2018
Note: A figure in brackets ( ) indicates a loss
Sales |
(in million yuan) |
| FY ended Dec. 31, 2018 | FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | |
| Sales | 35,606.65 | about 35,544 | 31,372 |
| Rate of Change | 0.18% | 13.3% | -7.5% |