May. 15, 2012 (China Knowledge) - China Yuchai International Ltd<CYD
>, a leading automotive manufacturer and distributor of diesel engines in China, has posted RMB 167.9 million-net profit attributable to shareholders for the first quarter of this year, lower than RMB 230.5 million it realized in the same period of 2011.
In the three months ended Mar. 31, 2012, the U.S.-listed firm's earnings per American Depositary Share were RMB 4.50, compared with RMB 6.18 in the corresponding period of last year.
Operating revenue for the first quarter of 2012 narrowed from RMB 4.2 billion to RMB 3.7 billion, with 131,697 diesel engines sold by its main subsidiary, Guangxi
Yuchai Machinery Co, down 18.1% year on year from 29,134 units.
Gross profit was RMB 779.4 million with gross margin of 21.2%.
As of Mar. 31, 2012, New York-listed China Yuchai International had RMB 4.1 billion in cash, compared with RMB 4.12 billion the company had at the end of last year.