China Yuchai International Ltd. (Singapore)

The Group is mainly involved in manufacturing and sale of diesel engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People s Republic of China (PRC) and internationally and is engaged in hospitality and property development activities in PRC and Malaysia.
Guangxi Yuchai Machinery Monopoly Development Co., Ltd. (“YMMC”) and Guangxi Yuchai Accessories Manufacturing Company Limited (“GYAMC”) are the two most significant subsidiaries of the Company. YMMC has 29 (2020: 29) wholly-owned subsidiaries (collectively “YMMC Group”) located at various provinces in the PRC. The principal business of YMMC Group are trading and distribution of components of diesel engines and automobiles. GYAMC has two wholly-owned subsidiaries (collectively “GYAMC Group”). The principal business of GYAMC Group are sales and manufacturing of components of diesel engines.
The Group is organized into business units based on their products and services, and has two reportable operating segments as follows:
• Yuchai primarily conducts diesel engines which are mainly distributed in the PRC market.
• HLGE is engaged in hospitality and property development activities conducted mainly in the PRC and Malaysia. HLGE is listed on the Main Board of the Singapore Exchange
TRADEMARKS
The State Holding Company owns and maintains Chinese trademark registrations of its principal trademarks. Yuchai has entered into trademark license agreements with the State Holding Company according it the right to use these trademarks at no charge. Yuchai believes that the Yuchai logo is well recognized as a quality brand in China.
HISTORY
1993 The Company was incorporated under the laws of Bermuda on April 29, 1993. The Company was established to acquire a controlling financial interest in Guangxi Yuchai Machinery Company Limited (“Yuchai”), a Sino-foreign joint stock company which manufactures, assembles and sells diesel engines in the People's Republic of China (the “PRC”). The principal markets for Yuchai's diesel engines are truck manufacturers in the PRC.
The Company owns, through six wholly-owned subsidiaries, 361,420,150 shares or 76.41 of the issued share capital of Yuchai (“Foreign Shares of Yuchai”). Guangxi Yuchai Machinery Group Company Limited (“State Holding Company”), a state-owned enterprise, owns 22.09 of the issued share capital of Yuchai (“State Shares of Yuchai”).
The Company established three direct subsidiaries, Yuchai Machinery Monopoly Company Limited (“YMMC”), Guangxi Yulin Yuchai Accessories Manufacturing Company Limited (“YAMC”) (previously known Guangxi Yulin Yuchai Machinery Spare Parts Manufacturing Company Limited) and Yuchai Express Guarantee Co., Ltd. (“YEGCL”).
1994 The Company's common stock is traded on the New York Stock Exchange under the symbol “CYD” on 16 December 1994.
2008 On March 7, 2008, the Company registered a branch office of the Company in Singapore, located at 16 Raffles Quay 26-00, Hong Leong Building, Singapore 048581. It s principal operating office is located at 16 Raffles Quay 39-01A, Hong Leong Building, Singapore 048581.
2011 As of March 15, 2011, the Company had a 47.4 interest in HL Global Enterprises Limited (HLGE). On March 24, 2011, the Company's interest in HLGE was 48.4 . The HLGE group is engaged in hospitality and property development activities conducted mainly in the People's Republic of China and Malaysia. As of March 15, 2011, the Company had a 12.2 interest in Thakral Corporation Ltd (TCL). The TCL group primarily conducts distribution of consumer electronic products with operations mainly in the People's Republic of China (including Hong Kong). Yuchai is a diesel engine manufacturer in China and also produces diesel power generators and diesel engine parts.
2022 As of December 31, 2022, Yuchai has 10 (2021: 11) direct and 32 (2021: 33) indirectly owned subsidiaries and five joint ventures (2021: four joint ventures and one associate). Guangxi Yuchai Machinery Monopoly Development Co., Ltd. (“YMMC”), Guangxi Yuchai Marine and Genset Power Co., Ltd (“MPG”), Yuchai Xin-Lan New Energy Power Technology Co., Ltd (“Yuchai Xin-Lan”), and Guangxi Yuchai Foundry Co., Ltd (formerly known as Guangxi Yuchai Accessories Manufacturing Co., Ltd) are the most significant subsidiaries of Yuchai. YMMC has 27 (2021: 29) wholly-owned subsidiaries (collectively “YMMC Group”) located at various provinces in the PRC. The principal business of YMMC Group are trading and distribution of components of diesel engines and automobiles. MPG has taken over the operations of Yuchai's marine and power generation unit since December 2021. The principal business of Yuchai Xin-Lan is to research, develop and construct new production capacity for Yuchai's new energy technologies including fuel cell systems, range extenders, hybrid power, electric drive system, etc. The principal business activities of Guangxi Yuchai Foundry Co., Ltd is to cast, manufacture and distribute engine components.