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Net revenue for the first quarter of 2017 increased by 34.9% to RMB 4.6 billion (US$ 660.9 million) compared with RMB 3.4 billion in the first quarter of 2016. The total number of engines sold by GYMCL in the first quarter of 2017 increased by 32.2% to 120,010 units compared with 90,771 units in the same quarter a year ago.  According to data reported by the China Association of Automobile Manufacturers ("CAAM"), in the first quarter of 2017, sales of commercial vehicles (excluding gasoline-powered and electric-powered vehicles) increased by 26.4%.  The market was led by a 32.7% increase in truck sales with heavy-duty truck sales climbing 93.0%.  The bus market continued to be weak showing decreasing sales in every size category led by a 39.5% decline in medium-duty bus sales. Gross profit increased by 52.3% to RMB 920.7 million (US$ 133.4 million) compared with RMB 604.3 million in the same quarter of 2016.  Gross margin rose to 20.2% in the first quarter of 2017 compared with 17.9% in the same quarter of 2016.  The gross profit increase was mainly attributable to higher sales and better product mix. Other operating income was RMB 39.6 million (US$ 5.7 million) compared with RMB 23.3 million in the same quarter of 2016.  The increase was due to higher interest income and higher gains on foreign exchange revaluation in the first quarter of 2017 as compared to the same quarter of 2016. Research and development ("R&D") expenses increased by 25.1% to RMB 124.6 million (US$ 18.1 million) from RMB 99.6 million in the same quarter of 2016.  As a percentage of net revenue, R&D spending was 2.7% compared with 2.9% in the same quarter of 2016.  R&D expenses continued to reflect development and testing costs of new engines meeting higher emission standards and GYMCL's continued initiatives to improve engine quality. Selling, general & administrative ("SG&A") expenses increased by 17.6% to RMB 404.9 million (US$ 58.7 million) from RMB 344.1 million in the first quarter of 2016.  SG&A expenses represented 8.9% of net revenue compared with 10.2% in the first quarter of 2016.  The increase in SG&A expenses was primarily related to higher freight usage and warranty expenses due to higher sales. Operating profit increased by 134.4% to RMB 430.8 million (US$ 62.4 million) from RMB 183.8 million in the first quarter of 2016.  The operating margin was 9.4% compared with 5.4% in the same period of 2016. Finance costs decreased by 7.7% to RMB 26.8 million (US$ 3.9 million) from RMB 29.0 million in the same quarter of 2016.  Lower finance costs mainly resulted from reduced bank loans and borrowings.  Bank borrowings were RMB 1.4 billion (US$ 198.7 million) compared with RMB 2.6 billion in the same period in 2016. Total net profit attributable to China Yuchai's shareholders was RMB 249.0 million (US$ 36.1 million), or earnings per share of RMB 6.12 (US$ 0.89), compared with RMB 89.2 million, or earnings per share of RMB 2.27 in the same quarter in 2016. Earnings per share in the first quarter of 2017 was based on a weighted average of 40,712,100 shares compared with 39,298,340 shares in the same period in 2016.  In June 2016, 1,413,760 new shares were issued to shareholders who elected to receive shares in lieu of dividend in cash. Mr. Weng Ming Hoh, President of China Yuchai, commented, "Our commitment to the development of better quality engines for the on- and off-road markets has paid off. We are excited to report robust first quarter results evidenced by strong top- line growth, better margins, higher earnings and increased return on invested capital. " "The commercial vehicle engine business is an important leading indicator of China's economic growth.  We are experiencing the positive effects of renewed economic growth, the impact from the anti-overloading crackdown, and increased infrastructure spending which is driving sales of new vehicles," Mr. Hoh concluded. The Company's functional currency is the U.S. dollar and its reporting currency is Renminbi. The translation of amounts from Renminbi to U.S. dollars is solely for the convenience of the reader. Translation of amounts from Renminbi to U.S. dollars has been made at the rate of RMB 6.8993= US$ 1.00, the rate quoted by the People's Bank of China at the close of business on March 31, 2017. No representation is made that the Renminbi amounts could have been, or could be, converted into U.S. dollars at that rate or at any other certain rate on March 31, 2017 or at any other date. A conference call and audio webcast for the investment community has been scheduled for 8:00 A.M. Eastern Standard Time on May 9, 2017. The call will be hosted by Mr. Weng Ming HOH, President, and Dr. Thomas Phung, Chief Financial Officer of China Yuchai. They will present on and discuss the financial results and business outlook of the Company followed with a Q&A session. Analysts and institutional investors may participate in the conference call by dialing +1-866-519-4004 (United States), +800-906-601 (Hong Kong), 400-620-8038 (China) or +65 67135090 (International), Conference Code: 12463418 approximately five to ten minutes before the call start time. For all other interested parties, a simultaneous webcast can be accessed at the investor relations section of the Company's website located at http://www.cyilimited.com. Participants are requested to log into the webcast at least 10 minutes prior to the scheduled start time. The recorded webcast will be available on the website shortly after the earnings call. China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2016, GYMCL sold 320,424 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. 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", "confident that", "continue to", "predict", "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 including, but not limited to, statements concerning the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. 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 such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in the Company's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and the Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future. For more information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-yuchai-international-announces-1696-increase-in-unaudited-2017-first-quarter-earnings-per-share-300453798.html


SINGAPORE, May 9, 2017 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), a leading automotive manufacturer and distributor of engines in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), announced today its unaudited consolidated financial results for the first quarter ended March 31, 2017.  The financial information presented herein for 2017 and 2016 is reported using International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. Financial Highlights for the First Quarter of 2017 Net revenue for the first quarter of 2017 increased by 34.9% to RMB 4.6 billion (US$ 660.9 million) compared with RMB 3.4 billion in the first quarter of 2016. The total number of engines sold by GYMCL in the first quarter of 2017 increased by 32.2% to 120,010 units compared with 90,771 units in the same quarter a year ago.  According to data reported by the China Association of Automobile Manufacturers ("CAAM"), in the first quarter of 2017, sales of commercial vehicles (excluding gasoline-powered and electric-powered vehicles) increased by 26.4%.  The market was led by a 32.7% increase in truck sales with heavy-duty truck sales climbing 93.0%.  The bus market continued to be weak showing decreasing sales in every size category led by a 39.5% decline in medium-duty bus sales. Gross profit increased by 52.3% to RMB 920.7 million (US$ 133.4 million) compared with RMB 604.3 million in the same quarter of 2016.  Gross margin rose to 20.2% in the first quarter of 2017 compared with 17.9% in the same quarter of 2016.  The gross profit increase was mainly attributable to higher sales and better product mix. Other operating income was RMB 39.6 million (US$ 5.7 million) compared with RMB 23.3 million in the same quarter of 2016.  The increase was due to higher interest income and higher gains on foreign exchange revaluation in the first quarter of 2017 as compared to the same quarter of 2016. Research and development ("R&D") expenses increased by 25.1% to RMB 124.6 million (US$ 18.1 million) from RMB 99.6 million in the same quarter of 2016.  As a percentage of net revenue, R&D spending was 2.7% compared with 2.9% in the same quarter of 2016.  R&D expenses continued to reflect development and testing costs of new engines meeting higher emission standards and GYMCL's continued initiatives to improve engine quality. Selling, general & administrative ("SG&A") expenses increased by 17.6% to RMB 404.9 million (US$ 58.7 million) from RMB 344.1 million in the first quarter of 2016.  SG&A expenses represented 8.9% of net revenue compared with 10.2% in the first quarter of 2016.  The increase in SG&A expenses was primarily related to higher freight usage and warranty expenses due to higher sales. Operating profit increased by 134.4% to RMB 430.8 million (US$ 62.4 million) from RMB 183.8 million in the first quarter of 2016.  The operating margin was 9.4% compared with 5.4% in the same period of 2016. Finance costs decreased by 7.7% to RMB 26.8 million (US$ 3.9 million) from RMB 29.0 million in the same quarter of 2016.  Lower finance costs mainly resulted from reduced bank loans and borrowings.  Bank borrowings were RMB 1.4 billion (US$ 198.7 million) compared with RMB 2.6 billion in the same period in 2016. Total net profit attributable to China Yuchai's shareholders was RMB 249.0 million (US$ 36.1 million), or earnings per share of RMB 6.12 (US$ 0.89), compared with RMB 89.2 million, or earnings per share of RMB 2.27 in the same quarter in 2016. Earnings per share in the first quarter of 2017 was based on a weighted average of 40,712,100 shares compared with 39,298,340 shares in the same period in 2016.  In June 2016, 1,413,760 new shares were issued to shareholders who elected to receive shares in lieu of dividend in cash. Mr. Weng Ming Hoh, President of China Yuchai, commented, "Our commitment to the development of better quality engines for the on- and off-road markets has paid off. We are excited to report robust first quarter results evidenced by strong top- line growth, better margins, higher earnings and increased return on invested capital. " "The commercial vehicle engine business is an important leading indicator of China's economic growth.  We are experiencing the positive effects of renewed economic growth, the impact from the anti-overloading crackdown, and increased infrastructure spending which is driving sales of new vehicles," Mr. Hoh concluded. The Company's functional currency is the U.S. dollar and its reporting currency is Renminbi. The translation of amounts from Renminbi to U.S. dollars is solely for the convenience of the reader. Translation of amounts from Renminbi to U.S. dollars has been made at the rate of RMB 6.8993= US$ 1.00, the rate quoted by the People's Bank of China at the close of business on March 31, 2017. No representation is made that the Renminbi amounts could have been, or could be, converted into U.S. dollars at that rate or at any other certain rate on March 31, 2017 or at any other date. A conference call and audio webcast for the investment community has been scheduled for 8:00 A.M. Eastern Standard Time on May 9, 2017. The call will be hosted by Mr. Weng Ming HOH, President, and Dr. Thomas Phung, Chief Financial Officer of China Yuchai. They will present on and discuss the financial results and business outlook of the Company followed with a Q&A session. Analysts and institutional investors may participate in the conference call by dialing +1-866-519-4004 (United States), +800-906-601 (Hong Kong), 400-620-8038 (China) or +65 67135090 (International), Conference Code: 12463418 approximately five to ten minutes before the call start time. For all other interested parties, a simultaneous webcast can be accessed at the investor relations section of the Company's website located at http://www.cyilimited.com. Participants are requested to log into the webcast at least 10 minutes prior to the scheduled start time. The recorded webcast will be available on the website shortly after the earnings call. China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2016, GYMCL sold 320,424 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. 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", "confident that", "continue to", "predict", "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 including, but not limited to, statements concerning the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. 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 such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in the Company's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and the Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future. For more information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-yuchai-international-announces-1696-increase-in-unaudited-2017-first-quarter-earnings-per-share-300453798.html


News Article | May 24, 2017
Site: www.prnewswire.com

Shareholders who do not make an election will receive the dividend entirely in cash. CYI will pay fractional shares in cash which will be determined based on the volume weighted average trading prices of the Company's common stock on the New York Stock Exchange during the period from July 5 to and including July 7, 2017. The Company reserves the right to pay the dividend entirely in cash. An election form will be mailed to shareholders of record after the record date. The properly completed election form to receive cash or Shares must be received by Computershare, ("Computershare"), the Company's transfer agent before 5.00 p.m. Eastern Standard Time on June 27, 2017. All completed election forms should be sent to Computershare at P.O. BOX 30170, College Station, TX 77842-3170. Overnight correspondence should be sent to Computershare at 211 Quality Circle, Suite 210, College Station, TX 77845. Registered shareholders with questions regarding the dividend election may call Computershare at 1-800-522-6645 within the United States or 1-201-680-6578 outside the United States and Canada. Shareholders who hold their Shares through a bank, broker or nominee, and have questions regarding the dividend election should contact such bank, broker or nominee who will also be responsible for distributing to them the election form and submitting the completed form on their behalf to Computershare. The payment of any future dividends, including elective dividends payable in cash or shares, will be entirely at the discretion of the Board of Directors and will be dependent upon China Yuchai's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors. China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2016, GYMCL sold 320,424 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. For more information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-yuchai-international-to-pay-dividend-for-fy-2016-in-cash-or-shares-300463020.html


News Article | May 24, 2017
Site: en.prnasia.com

SINGAPORE, May 24, 2017 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today that a dividend of US$0.90 per share of common stock for the financial year 2016 has been declared by its Board of Directors. The dividend payment will be made either wholly in cash or in new shares of CYI's common stock ("Shares") at the option of the stockholder. Stockholders will make an election to receive the dividend either wholly in cash or in Shares. The number of Shares to be issued per share of common stock as a result of the dividend payment will be determined based on the volume weighted average trading prices of the Company's common stock on the New York Stock Exchange during the period from July 5 to and including July 7, 2017. The dividend is payable on July 13, 2017 to shareholders of record at the close of business on June 7, 2017 with an ex-dividend date of June 5, 2017. Shareholders who do not make an election will receive the dividend entirely in cash. CYI will pay fractional shares in cash which will be determined based on the volume weighted average trading prices of the Company's common stock on the New York Stock Exchange during the period from July 5 to and including July 7, 2017. The Company reserves the right to pay the dividend entirely in cash. An election form will be mailed to shareholders of record after the record date. The properly completed election form to receive cash or Shares must be received by Computershare, ("Computershare"), the Company's transfer agent before 5.00 p.m. Eastern Standard Time on June 27, 2017. All completed election forms should be sent to Computershare at P.O. BOX 30170, College Station, TX 77842-3170. Overnight correspondence should be sent to Computershare at 211 Quality Circle, Suite 210, College Station, TX 77845. Registered shareholders with questions regarding the dividend election may call Computershare at 1-800-522-6645 within the United States or 1-201-680-6578 outside the United States and Canada. Shareholders who hold their Shares through a bank, broker or nominee, and have questions regarding the dividend election should contact such bank, broker or nominee who will also be responsible for distributing to them the election form and submitting the completed form on their behalf to Computershare. The payment of any future dividends, including elective dividends payable in cash or shares, will be entirely at the discretion of the Board of Directors and will be dependent upon China Yuchai's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors. China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2016, GYMCL sold 320,424 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. For more information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-yuchai-international-to-pay-dividend-for-fy-2016-in-cash-or-shares-300463020.html


News Article | May 31, 2017
Site: en.prnasia.com

SINGAPORE, May 31, 2017 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today that HL Global Enterprises Limited ("HLGE") an entity listed on the Main Board of the Singapore Exchange Securities Trading Limited and in which China Yuchai has a 48.9% shareholding interest in, has entered into a conditional sale and purchase agreement ("SPA") for the disposal of HLGE's entire shareholding interest in a subsidiary holding its hotel properties in China ("Proposed Disposal"). The purchaser is an affiliate of Jingrui Holdings Limited, an entity listed on the Stock Exchange of Hong Kong and engaged in the core business of residential property development in the People's Republic of China. The consideration for the Proposed Disposal is RMB 550 million payable in tranches and subject to adjustment in certain specified circumstances as set forth in the SPA. The completion of the Proposed Disposal is conditional upon the satisfaction of certain conditions precedent on or before October 31, 2017. HLGE intends to utilize a portion of the proceeds from the Proposed Disposal to repay the current outstanding loan of S$68 million extended to it by China Yuchai. The financial effects of the Proposed Disposal on the Company have not been finalized and will be announced once it is available. China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2016, GYMCL sold 320,424 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. 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", "confident that", "continue to", "predict", "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 including, but not limited to, statements concerning the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. 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 such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in the Company's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and the Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future. For more information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hlge-enters-into-conditional-agreement-to-sell-its-china-hotel-properties-300466201.html


News Article | May 31, 2017
Site: www.prnewswire.com

HLGE intends to utilize a portion of the proceeds from the Proposed Disposal to repay the current outstanding loan of S$68 million extended to it by China Yuchai. The financial effects of the Proposed Disposal on the Company have not been finalized and will be announced once it is available. China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2016, GYMCL sold 320,424 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com. 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", "confident that", "continue to", "predict", "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 including, but not limited to, statements concerning the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. 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 such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in the Company's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and the Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future. For more information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hlge-enters-into-conditional-agreement-to-sell-its-china-hotel-properties-300466201.html


Liu C.-L.,Guangxi Yuchai Machinery Co.
Zhuzao/Foundry | Year: 2011

The slagging often occurs on cupola's tuyeres during the melting of compacted graphite cast iron; the tuyeres in the upper row even were blocked, and the coke in the hearth in the area below the upper row of tuyeres was burned empty. To solve the problems above, the reason of slag formation was analyzed from aspects such as the addition amount and kind of flux, cupola wall effect, balance control of wind and coke, etc. The result indicates that the slagging can be decreased effectively through adjusting the angle of tuyeres in the lower row, blast volume and cleaning the tuyeres in time.


Li D.-Y.,Guangxi Yuchai Machinery Co. | Li Y.-L.,Guangxi Yuchai Machinery Co.
Zhuzao/Foundry | Year: 2016

The cast steel was successfully replaced by the ductile iron in the casting production by the sand-lined metal mold process, and batch production was achieved. The basic process parameters of sand-lined metal mold process were analyzed, and the casting defects in the automobile chassis parts casting were removed. The tensile strength and elongation of the cast-as casting reached more than 600 MPa and 10%, respectively. © 2016, Chinese Mechanical Engineering Society. All right reserved.


Trademark
Guangxi Yuchai Machinery Co. | Date: 2013-02-01

Drilling machines; mine working machines; earth moving machines; excavators; diggers machines; ore treating machines; hoists; elevating apparatus; bulldozers; road making machines.


Tong S.-Y.,Guangxi Yuchai Machinery Co.
Zhuzao/Foundry | Year: 2013

Using method of mathematical statistics, the data of separately cast test bar mechanical properties of gray iron by use of induction furnace and duplex melting were statistically analyzed. The results show that with basically the same conditions such as casting, alloy grade, the chemical composition, the inoculant addition, the specifications, quality standards and origin of the raw materials, the duplex melting gray iron separately cast test bars have the tensile strength 26.5 MPa and hardness HBW 6 higher than that of induction furnace smelting gray iron, and its metallurgical quality is better too.

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