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China Yuchai International Limited Message Board

  • jaarc.rm jaarc.rm Oct 14, 2010 3:24 PM Flag

    Good news...or "Bad" news?

    Which would you folks prefer to hear first?

    :)

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    • No teasing Jaarc! :-)
      Just let it all out....

      • 1 Reply to mullagtawny
      • The "bad news" is that we probably sold fewer units in the 3rd quarter of 2010 versus last year. I still need one final data point to narrow it down...but I am pretty sure about it. Preliminary guess is that they sold around 102,000 engines.

        I said "bad news" because it sure looks like they sold them for at least as much, and most likely more in total, than what they sold last year's units for...and that would be in yuan...before taking into account the currency appreciation which I would estimate at about another 2% year over year.

        If that is correct it would mean that they were selling more expensive engines on average...you know...the ones with higher margins.

        Darn it...it looks like the made money again!

        Yuchai Group Revenues were up around 15% (in yuan) year over year for the 3rd quarter.

        To be conservative, I would cut that figure down at least some and assume less than a proportional bump from last year's 3,488,400,000 yuan for China Yuchai International.

 
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