China Yuchai International Announces 2007 Unaudited Net Income Range
International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), announced
today that it expected its unaudited net income for 2007 to fall within the
range of
earnings per share range between
Company achieved audited net income of
per share. As of
and outstanding.
As previously reported, unaudited gross revenues for 2007 were
approximately
billion
Unaudited gross profit for 2007 was approximately
compared to audited gross profit of RMB of 1.3 billion in 2006. The unaudited
gross margin was 20.3% in 2007, versus audited gross margin of 18.3% in 2006,
an anticipated improvement resulting from a better mix of products.
The Company also wishes to announce that the Board of Directors of Guangxi
Yuchai Machinery Company Limited (“GYMCL”) has agreed to extend the time
originally allotted to the original shareholders of Guangxi Yulin Hotel
Company Ltd to obtain approval from the provincial government regulatory
agency in charge of state-owned assets administration, for the transfer of the
entire equity interest in Guangxi Yulin Hotel Company Ltd to GYMCL, from
be found in our announcement dated
Disclaimer Regarding Unaudited Financial Results
The financial information of the Company presented above for fiscal year
2007 are unaudited and may not be necessarily indicative of the audited
results. Investors should be aware that the Company has not yet finalized its
results for fiscal year 2007 and that the unaudited results could differ
materially from the Company’s audited results.
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai
Machinery Company Limited (“GYMCL”), engages in the manufacture, assembly, and
sale of a wide array of light-duty, medium-sized and heavy-duty diesel engines
for construction equipment, trucks, buses, and cars in
produces diesel power generators, which are primarily used in the construction
and mining industries. Through its regional sales offices and authorized
customer service centers, the Company distributes its diesel engines directly
to auto OEMs and retailers and provides maintenance and retrofitting services
throughout
name, strong research & development team and significant market share in
with high-quality products and reliable after-sales support. In 2007, GYMCL
sold approximately 383,000 diesel engines and was consistently ranked No. 1 in
unit sales by China Association of Automobile Manufacturers. For more
information, please visit http://www.cyilimited.com .
Safe Harbor Statement
This news release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The words
“believe,” “expect,” “anticipate,” “project,” “targets,” “optimistic,”
“intend,” “aim,” “will” or similar expressions are intended to identify
forward-looking statements. All statements other than statements of
historical fact are statements that may be deemed forward-looking statements.
These forward-looking statements are based on current expectations or beliefs,
including, but not limited to, statements concerning the Company’s operations,
financial performance and condition. The Company cautions that these
statements by their nature involve risks and uncertainties, and actual results
may differ materially depending on a variety of important factors, including
those discussed in the Company’s reports filed with the Securities and
Exchange Commission from time to time. The Company specifically disclaims any
obligation to update the forward-looking information in the future.
For more information, please contact:
Kevin Theiss / Dixon Chen
Grayling Global
Tel: +1-646-284-9409
Email: ktheiss@hfgcg.com
dchen@hfgcg.com
SOURCE China Yuchai International Limited