China Yuchai (CYD)

[rngmsl]

Another double in three to five years?

Yuchai Group in the next three to five years, targeted 100 billion enterprise "International Yuchai"

The human resources and development, and Endeavour is sailing. The Fifth Congress of the Communist China Yuchai Group Company held victory in Yuchai Cultural Center on the morning of March 24. The Assembly lasted half a day, pragmatic, streamlined and efficient, the 238 party delegates to shoulder the great trust of all employees, earnestly perform their duties responsibly considered and by the Fourth Committee of the Communist China Yuchai Group report on the work and the Discipline Inspection Committee work report. The meeting elected the Fifth Committee and the Commission for Discipline Inspection of the Communist China Yuchai Group company. In the first plenary meeting of the new committee, after the vote, Yan Ping was elected party secretary Guo Deming, Lee TS elected deputy party secretary.

At the opening ceremony presided over by Guo Deming. The same day around 8:20, the opening of the General Assembly. Yulin City, chairman of the CPPCC Liu Zaifu other leaders were invited to attend, entrusted by the Party secretary Jin Xiangjun, warm congratulations on the convening of the General Assembly on behalf of the municipal delegates to the Assembly as well as the hard work of all Communist Party members in all fronts Yuchai and the majority of employees my cordial greetings.

Yan Ping on behalf of the Fourth Committee of Communist China Yuchai Group company entitled "Comprehensive build the development of health and safety system deepened towards international targets," the report to the General Assembly. The report pointed out that since the convening of the Fourth Congress of the Communist China Yuchai Group company, company party closely around the hundreds of billions of Yuchai's strategic objectives, seize the core of product technology, scientific management, effective control and nurture talent, build competitive industries, promote Group's various undertakings leaps and bounds. Over the past five years, the annual operating scale of Yuchai Group increased from 20.84 billion yuan in 2008 to 41.573 billion yuan in 2012, five years more than doubled. Most importantly, through five years of intensive AG system operation quality and efficiency to achieve a qualitative leap; Group company annual sales revenue growth of 158.6%, and the scale of operation accounted for half of the entire Group.

In reviewing the development of the achievements and shortcomings, Yanping Jiang stressed that the next three to five years, deepened international win Yuchai one hundred billion a crucial period of development goals, determining Yuchai next decade Safety and Health the critical period of development. In the next three to five years, the Group's overall development vision: "100 billion enterprise, international Yuchai" as a strategic goal to market and quality-oriented, relying on strategic cooperation in major projects and capital operation Walking innovation-driven and connotation growth the development of new industrial roads, bigger advantages of the plate, and stronger potential plate expand the emerging plates, expand the international market, and maintain a safe and healthy development of enterprises, build a hundred years old, to become a competitive international companies.



Party representatives in voting

After the election, Lee TS presided over the closing ceremony of the General Assembly. According to the method of election and the candidates obtaining, Lee TS announced: Yan Ping, Guo Deming, Lee TS, the ancient Church of Health, Wu Qiwei, 10,000 sound Lan, Wang Wei, Ye Bin, Ningxing Yong Kuan, Li Hanyang, Li Chunmei, Shen Jie week Sun Hai, Zhou Jinliang, Pang Jian, Huang Yi, Liang Ping, Liang Chengzhen, Liangqing Yan, Xie Yuqiang 21 was elected to the Fifth Committee of the Communist China Yuchai Group; Guo Deming, Zhou Jinliang, Ye Bin, Wang Yan, Zhang Yunquan, Chen Weiguo Huang Bojiang seven comrades elected as members of the Commission for Discipline Inspection of Communist China Yuchai Group company.

After the meeting in the morning, the new party held its first plenary meeting immediately. The vote, Yan Ping, Guo Deming, Lee TS, the ancient Church of Health, Wu Qiwei, Kuan Li Hanyang, Ningxing Yong, Ye Bin, was elected the fifth member of the Standing Committee of the Party Committee Group Company. Which, Yan Ping was elected party secretary Guo Deming, Lee TS elected deputy party secretary.

http://www.yuchai.com/yuchai/jtdt/1363654213121627.htm

[nmauricer1]

I THINK he is mainly alluding to the heavy industry stuff without really focusing on engines. He seems to want a push into the heavy area through export markets. Whatever, I now share his confidence.

[nmauricer1]

Great video pump here. For CYD. http://www.thestreet.com/_yahoo/video/11883973/bladex-china-yuchai-offer-emerging-market-value.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1

[rngmsl]

Mergers and acquisitions???

Yuchai Group, Chairman of the Board of Directors of Yan Ping: the decline in performance, strategy to promote more rational
Yuchai Group 2013-03-29 13:52
Last year, the Chairman of the Board of Directors of Yuchai Group, Yan Ping and Yuchai Group, the day does not have expected a better. The scheduled sales revenue growth of 7%, up to 460 billion goal was not achieved, replaced by a 3% decline.

For nearly 10 years, Yuchai has been rapidly growing at an average annual rate of more than 30% of the speed. The face of this decline in performance, Yan Ping extraordinarily calm, because the Yuchai already well adjusted prepare.



The Engine business is the core plate the Yuchai diversified development strategy. The engine plate last year, the scale of a slight decline of 15%, or an increase of 3% market share in the industry. Yan Ping seems more optimistic, "because the industry as a whole fell by an average of 35%.

"I never anxiety over less less, multi-multi-point decline on the decline, some things can not be defied." Yan Ping said last year, "the country started in the high-speed rail, real estate, mining, coal insufficient. "Powered, if mine underemployed, underemployment, coal, power demand significantly less." In Yan Ping, this is not all bad, because after the decline of the Strategy may be more rational.

Heavy industry will face the cold period of two to three years

Earlier this year, the news Yuchai Heavy layoffs exposed by the media. Yan Ping told the "China Economic Weekly", Yuchai Heavy layoffs behind the entire field of construction machinery downturn.

Last year, Yuchai Engineering Machinery plate development more difficult. Its sales income is less than 20 million, compared with the previous year's 38 million, almost down the middle and cut off ". "Not only is our Yuchai, are more difficult for the industry as a whole." Heavy investment scale in the past two years, serious excess capacity. Yan Ping expects China's heavy industry will face in the future of the cold period of two to three years. "This is the first industrial revolution, to a certain extent it is necessary to withstand this ordeal to digest this pain."

"All the industrial revolution are to make some adjustments after a period of time after the high-speed development, key enterprises how to look at the market appears to be rational not to worry too some of the problem is a management problem, some product, some market the problem, so we want the eyes inward, adjustment of the strategy, to slow down the scale, this is an adjustment. "Yan Ping added.

In addition to adjust the construction machinery sector, Yuchai also focus on global spend a few million dollars, to hire specialized consulting firm for businesses to find the problem, and counseling and training of its employees.

During the year there may be a large restructuring, mergers and acquisitions

Yuchai engine overseas market holdings last year, more than 120,000 units, more than 54,000 units in the ASEAN market holdings, the Vietnamese market cumulative export volume exceeded 3.8 million units, the market share lead in the entire industry.

This is undoubtedly a big step forward compared to the past, But Yan Ping seems hardly a breakthrough, not very satisfied, "we Yuchai entire year's export volume is too low, accounting for about 5% (total sales).

Yuchai is China's largest diesel engine manufacturing companies. In Yan Ping, the situation and the status of Yuchai is disproportionate. "Yuchai to establish an international company, products do not have to go abroad, how to call international company?" He told the "China Economic Weekly, the proportion of exports to total sales, Yuchai's goal is to reach more than 30%. Yuchai the overseas building "a long way to go."

According to Yan Ping, most of our heavy industry, mainly in the domestic real go overseas are not many. In order to further expand the overseas market last year, Yuchai overseas engine marketing department independent from the sale of the company set up overseas business, "they want to export to the overseas markets as a strategy to go forward, but advancing the process is not very satisfied".

"We than with Europe, or the price is relatively cheap, but the quality of the product, speak from the heart, with some of the big brands in Europe is very much far". Yan-ping said that the future "in addition to improve the product cost, overseas for the construction of the entire channel, especially after-sales service system construction takes a certain amount of time, not a question of money, invested heavily in building a service system, while parts also be able to go out . "

Go out, Yuchai just told the Malaysian oil company signed a cooperation contract. Yan Ping said, "China Economic Weekly" future Yuchai will certainly overseas, some restructuring and mergers and acquisitions, "This year, there will be major restructuring and mergers and acquisitions.

http://www.yuchai.com/yuchai/jtdt/1363654213477584.htm

[nmauricer1]

Still fishy though...

[jaarc-rm]

3,976 shares later...and it's up $.29 from where you asked why this was allowed.

[nmauricer1]

840 shares traded. Stock down 20c, the last 100 shares accounting for 12c. Really. How come this is allowed?

[jaarc-rm]

News from today...

Heavy truck sales are uneven.

LNG truck engines are in short supply.

Beijing Public Transport Group will purchase the 3,155 LNG buses to replace diesel buses.

March 27, 2013 China (Nanjing) Bus & Bus Development Forum, Beijing Public Transport Group Co., Ltd. Deputy General Manager Feng happiness introduced, in 2013, the Beijing Public Transport Group will invest nearly 37 billion yuan, purchase 3155 LNG (liquefied natural gas) buses to replace diesel buses. He said, "This fully shows Beijing's determination to control air environment.

Gee, I wonder how many of those will have Yuchai engines? Yuchai dominates bus engine sales...and they sold more LNG engines than anyone else in China last year...and that was before they came out with all of the new engines for this year.

[jaarc-rm]

Pulls from an article dated December 12, 2012.

...as of November 2012, the domestic heavy truck market overall sales fell to 580,000, a decrease of 30%.

The joint truck (C&C) marketing system in the context of the overall industry downturn has withstood the severe test of the market, the growth trend, annual sales of 3,000, a year-on-year increase of 329%.

Bo said it expects 2013 industry demand for heavy truck joint truck (C&C) sales target for 8,000 about 640,000.

LNG heavy truck 2,500 heavy truck, diesel version for 5,500.

Product planning in 2013, the Joint trucks in addition to continue to promote the K12 Series, will be launched LNG city muck car the LNG port set card LNG 6 × 2 standard carrier-type tractor, 8 × 2 trucks innovation products, and further improve product quality and product coverage.

It appears that the new vehicle (LNG city muck car) is meeting with some success. See the previous post.

[jaarc-rm]

Provincial 100,000 users of Chengdu LNG trucks "addiction"
Time :13-03-26 Source: commercial vehicles net of: Li Xue Lei Zebian: Chen Meng

A few pictures are worth thousands of RMB.

http://admin.cvworld.cn/Upload/13/03/26/63499885294680419184430_pic.JPG
Chengdu heavy Thai Automobile Sales & Service Co., Ltd. Deputy General Manager Sun Lapsang (left) and through the wing of Logistics Limited, Li Zhao (right)

http://admin.cvworld.cn/Upload/13/03/26/63499885322243801149235_pic.JPG
The joint (C&C) LNG trucks Win slag car

http://admin.cvworld.cn/Upload/13/03/26/63499885319228079682107_pic.JPG
The joint (C&C) LNG trucks Win slag car

Due to the successful use of the first batch of cars, Chengdu through wing reached quickly ordered 40 LNG trucks muck truck. "Has delivered 20 the 20 upcoming delivered."

"Our goal is to have 100 joint (C&C) LNG trucks muck truck, to become the largest city in sediment transport company in Chengdu."

It is reported that, due to air pollution is very serious, Chengdu has begun a large-scale promotion of natural gas as a clean energy vehicles, and plan for the construction of 27 gas filling stations in 2013.

"These are undoubtedly good news for those of us who have a natural gas car company," Li Zhao said.

[Kenna]

China to Overtake US by 2016, Says OECD
Financial Times
Published: Friday, 22 Mar 2013 | 12:01 AM ET

China is on track for a fourth consecutive decade of rapid growth and will overtake the US as the world's biggest economy in 2016 after accounting for price differences, according to a new report by the Organisation for Economic Cooperation and Development.

Having slouched to 7.8 per cent growth last year, its slowest in more than a decade, China 's economy will rebound to 8.5 per cent growth this year and 8.9 per cent next year, the OECD said.

It forecast that China would average 8 per cent growth in per capita terms during the current decade, provided Beijing can implement a series of economic, financial and regulatory reforms, many of which are already in train.

"There is significant scope for further catch-up in China; China has a strong record with respect to several of the key factors for sustaining growth and is well positioned to emulate the record of earlier stellar Asian performers," the OECD said in its survey of the world's second-biggest economy.

The OECD noted that growth would gradually ebb as China catches up to more advanced economies, but its forecast is well ahead of Beijing's official target of 7 per cent average growth in the five years to the end of 2015.

The Chinese economy is set to become as large as that of the US by around 2016 when assessed in purchasing power parity terms, which factor in price differences between countries, it added.
More From FT.com
China Debt: Heading for a Fall?

The OECD highlighted multiple risks to its outlook: a weak global economy, rising inflation, a rickety financial system, inequality and an ageing population.

But it noted that China already had made strides in cutting its reliance on external demand and that domestic rebalancing was also under way, with consumption a bigger driver of growth than investment since 2011.

Among a broad range of recommended reforms, the OECD drew particular attention to China's urbanisation push, saying the government needed to focus on building larger, more productive cities.

Although Chinese cities have expanded quickly, the country's urbanisation rate of 52.6 per cent is still below that of countries at similar levels of development. Transportation problems have also become severe. Average daily commuting times in Beijing - which boasts one of the country's larger subway networks - are 79 minutes, roughly double the OECD average.

Li Keqiang, China's new premier, has vowed to make urbanisation a centrepiece of his agenda. Along with more investment in infrastructure, the OECD said Beijing should give migrants to cities better access to schooling and that fiscal reforms were needed to ensure lower levels of governments can fund more social services.

More controversially, the OECD also called for an overhaul of the Chinese land system. Farmers lack the right to sell their land, and the supply of land for residential development near urban areas is tightly controlled.

"Continued urbanisation is hampered by the rigid central planning rules governing the conversion of designated cropland into construction land, which partly reflect misguided concerns about food security," it said.

[Kenna]

See Forbes article on China dated 3/19/2013

China‘s economy hit bottom in the third quarter of 2012 and is now on the mend, former Morgan Stanley Asia guru Stephen Roach told China Daily on Tuesday. Roach is more bullish on Chinese GDP this year than outgoing Premier Wen Jiabao. Jiabao had it at 7.5%. Roach estimated 8%.

“The economy seems to have hit bottom in the third quarter (of 2012), and I expect progressive strengthening over the course of the year, especially if the external climate starts to improve on the heels of a gradual pickup in global growth,” Roach told the paper.

Over the next five years, China GDP growth is expected to average around 7%, falling below that within a decade as China allows its currency to strengthen further and drifts away from its export-driven economic model.

“A better-balanced Chinese economy will be able to sustain slower underlying growth in trend GDP, especially if it draws support from labor-intensive services and thereby delivers more jobs per unit of GDP,” Roach was quoted as saying. The ex-Morgan Stanley economist left the firm in February to take a position as a senior fellow at Yale University.Earlier this month, Audrey Kaplan, portfolio manager at Federated InterContinental (RIMAX), told Forbes that China was one of her key overweights.

“There’s a big discount on China equities right now,” she said. Federated is forecasting median China earnings growth to come in between 18% and 20% over the next 12 months. Kaplan said now that the new leadership is firmly in place, with Wen Jiabao stepping down this weekend to make way for economist and new Premier Li Keqiang, the political overhang can be removed from the equation. Investors know who they are getting, and still don’t seem to like it.

“There is a lot of potential for Chinese equities right now,” she said, adding that she has been building positions in China travel company CTtrip International (CTRP). The stock is down 11.9% year-to-date. Kaplan’s fund is up 2.52%. Of the 112 holdings in Federated InterContinental, 20 are China plays, including multinationals with growing markets in the country.

China Slipping

China equity is trading around 10 times forward earnings, a low for that market. But many investors are thinking that China growth has to be discounted. This is no longer a 10% growth economy. Nor is it a 9% growth economy. And while politicians there are at least outwardly pleased about the soft landing they have managed to engineer thus far, China equities have been slipping.

So far this year, the iShares FTSE China (FXI) is down 10.26%, vastly underperforming the MSCI Emerging Markets index, down by 5.13%. Major names are mixed. Mindray Medical (MR) is one of the best performers this year, up 18.5%. But other hotly traded China ADRs on the NYSE have been dismal. SINA Corp (SINA), owners of the popular microblogging site Weibo, which has more users than Twitter, is down 4.75%. China Mobile (CHL) is down 11.25%.

China Mobile’s net profit margin in the fourth quarter was 22.85%. In 2012 it was 23.09% total. Compare that to Verizon (VZ). Their stock is up 12.64% year-to-date and their fourth quarter net profit margin was -6.41%. In 2012, their profit margin came in at 9.11%. Even with weaker growth, investors have been more overweight large cap U.S. equities, which benefits Verizon, and underweight emerging markets like China despite better growth.

China’s new leaders, Keqiang and President Xi Jinping, said they will focus on reducing a creeping inequality in China and continue with social reforms that build out a safety net for the country’s aging population. Investors hoping for a stimulus will be disappointed. Both leaders say they had no plans to use stimulus spending to boost economic growth.
written by Kenneth Rapoza dated 3/19/2013

[jaarc-rm]

Expectations for Natural Gas engines

I found the following in a Google translation of an article.

In the next three years, will be the trend of doubling gas truck development, the 2013 gas truck is expected to account for 15% of the the LGV total heavy, will account for 30-35% by 2015.

Gas buses will continue to maintain a rapid growth rate, the 2013 gas passenger cars accounted for about 23% of the total large and medium-sized minibuses, will account for 35% -40% in 2015.

My translations:

Natural Gas trucks are expected to be 15% of the Large trucks (LGV) this year. That is expected to increase to 30-35% by 2015.

Natural Gas buses are expected to be 23% of the Large and Medium buses this year. That is expected to increase to 35-40% by 2015.

2015 is just 2 years from now.

[jaarc-rm]

Yuchai held in the Shanghai area large passenger power product launches
Yuchai Group 2013-03-22 16:52

Deepen promotion Yuchai large passenger the power YC6MK, YC6L engine in order to expand the influence of Yuchai large passenger power products in the passenger car market in Shanghai, March 15, Yuchai regional passenger power product introductions Jinsha Hotel in Shanghai was held.

http://www.yuchai.com/yuchai/jtdt/images/1363654213000414-1363654213003125.jpg
Promotion site

Shanghai Transport and Port Authority chief economist of Guorong other department in charge of the leadership, as well as from the Shanghai area, more than 110 passenger travel company system leaders invited to attend.

At the meeting, Yuchai sales company marketing the party branch secretary Huang Yi welcoming remarks. Cui Hua, deputy chief engineer of the shares of the company standard to do a detailed product description.

The day of the promotion, the Yuchai YC6MK exhibition machine, equipped with Yuchai YC6MK Xiamen Golden Dragon off show car, show car Foton, Yutong Exhibition car on display at the Hotel Plaza, honored guests have gathered to watch and Inquiry situation.

The Yuchai technicians on site to answer questions from visitors.

[jaarc-rm]

Yuchai ship machine successfully supporting Vietnamese passenger ships
Yuchai Group 2013-03-15 09:29

One equipped with a the Yuchai host and three auxiliary "HUONGHAI" No. luxurious cruise ship, a smooth ride in the beautiful and internationally renowned scenic Halong Bay, Vietnam, which is a master in the history of the scenic, auxiliary equipment used in all power tourist passenger ships, not only created Yuchai Machinery in Vietnam, Japan and other famous international brands while breaking monopoly in Vietnam cruise ship.

http://www.yuchai.com/yuchai/jtdt/images/1359940187130876-1359940187163259.jpg
Assembly the Yuchai ship model for machine tourist boat

The boat cruise ship has run for more than a month, and its outstanding performance Yuchai Machinery energy saving, environmental protection, reliability and stability has been fully recognized, Halong Bay in Vietnam played a demonstration effect on the cruise ship market.

There are already multiple users to plan their new ship power selection Yuchai's main and auxiliary.

[jaarc-rm]

Upset or break Bureau? Joint truck will push the country's first 13 liters LNG heavy truck
Time :13-03-22 Source: Site author: Editor: Chen Meng Review ( )

In recent years, LNG heavy truck with its advantages of clean energy is increasingly recognized by the market, the domestic mainstream car prices also have launched LNG heavy truck to meet this market opportunity. After two years of intense preparations for the forthcoming joint truck revealed the pace of the country's first LNG heavy truck - Trucks K gold version of the 13 liters to accelerate towards joint domestic LNG heavy truck brand truck playing ".

As a rising star in China's commercial vehicle sector, icebreakers born, in one set of intelligent and efficient joint trucks K gold version of the official blew the horn new energy into the heavy truck market, representing a rise of a high-end LNG heavy truck reinforcements, and face The close fight increasingly fierce LNG heavy truck market competition, K-gold version of the arrival of, the spoiler or break Bureau?

http://admin.cvworld.cn/Upload/13/03/22/63499562731995081646929_pic.jpg
Joint LNG truck tractor

13L: largest displacement domestic LNG engine

This high hopes also triggered numerous anticipated new LNG models, joint trucks given to the highest specifications, engine treatment. According to informed sources, the K gold edition tractor equipped the most mature YC6K13N gas machine the engine to the top 6K diesel engine in the world is based on matching the nearly 14 years of experience in the development of gas engines in Yuchai crystal ESI system, with more than 30 technical invention patent. The engine is the largest displacement domestic, maximum torque of the gas engine has low gas consumption, strong power, high reliability, low noise and environmental characteristics.

Stage in the rapid growth of the natural gas heavy truck market, the market WP12 6MK two mainstream engines, small power, small torque and reliability are not ideal, the market is an urgent need for a more robust and reliable natural gas engines. The joint truck undoubtedly aimed engine market opportunities the K gold version of the engine maximum power up to 440Ps; a MTBF mileage of 100,000 km; compared with the diesel engine, a 35% reduction in fuel costs; compared with CNG, lower emissions of exhaust pollution reach State V emission standards.

It is reported that the joint trucks since 2011, will be the strategic center of gravity position in the LNG heavy truck, have invested a lot of resources, and strive to joint truck playing domestic LNG heavy truck brand. Last year was the first year of the joint truck really into the market this year, the Joint trucks intention to enhance public awareness of the natural gas trucks, so that both contribute to the development of new energy automotive industry, but also conducive to joint truck further to achieve self breakthrough to become the world's cutting-edge power technology and the representative of the concept of clean and green power.

JACOBS: the first cylinder brake technology

In addition to the displacement of the largest K gold version of the engine used the cylinder braking technology, this is the first of its kind in the domestic LNG heavy truck industry, joint truck apparently devoted more effort for the security of the K gold version. The cylinder brake technology breakthrough in the use of the engine, not just technically, but also created the the K gold version unparalleled security. Moreover, brake valve produced by American JACOBS braking power of up to 17kW / L, braking efficiency than the current market has similar products increased by 25% or more on long downhill braking is more stable, more secure, and effectively shortened braking distance.

The same time, in order to strengthen the security control of the vehicle the K gold version of the transportation of hazardous chemicals to standard anti-lock braking system (ABS), anti-rollover system (RSC); simultaneously body will use the unique cage optimize the structure, weight lightweight, high strength, the cab meets the European ECE-R29 regulations frontal crash, side crash, the top pressure as well as front-end drilling requirements.

In addition, the reliability, economy and environmental protection will also readily available in K-gold version of the body, Mileage will be more than 1300km. It is reported that the joint truck also provide users with a highway vehicle "36 months / 360,000 km" Value warranty period.

The heavy attack spoiler or breaking up?

Much is encountering fog and haze, the air is heavily polluted, vehicle emission standards more stringent requirements, Beijing five emission standards were implemented in February, the national policy is conducive to the development of LNG heavy truck; Meanwhile, abundant natural gas The resource boost LNG development opportunities, LNG heavy truck has become the best choice for lower transportation costs and reduce pollutant emissions. Looking back on the last year of the domestic truck market, LNG vehicle has to play the leading role in the context of the overall downturn, adverse economic growth, to become the biggest bright spot of the the dismal commercial vehicle market.

"After careful preparation, K gold version of exactly this opportunity, timely listing, aiming to lead the new trend of domestic L NG heavy truck." Set Swiss joint trucks Marketing Services Ltd. Deputy General Manager Mr. Zhang Zhiguo said.

However, objectively, very difficult to put in front of K gold said to be a smooth road. LNG market a few years ago, or several-man, and in recent years by almost flourishing trend in the market, commercial vehicle manufacturers have LNG new energy vehicles as new major markets. K gold edition in such a time the node enters the flourishing of full potential of the market, compared to the other products, the economy, environmental protection Needless to say, the first 13 liters LNG heavy truck alone K gold version can come to the fore, and the first using cylinder brake technology even more unique. Insiders predict K gold version of the arrival of the joint truck is very likely to become a breaking of the market structure and build a new market competition sequence.

To this end, a joint truck apparently done enough homework. It is understood that, in line with the new car market, the future joint LNG industry chain will provide customers with a station, transport, operational integration solutions, as well as car users to carry out a comprehensive mortgage business. Service network across the country, adequate reserve of spare parts and a leading financial policies, the total elimination of the concerns of the of LNG users of the gas source, "car cost", "service".

K gold version of the car is about to the factory in Wuhu, on the market has entered the final sprint preparation phase. "Mr. Zhang Zhiguo said.

It is reported that the, K gold version of the product off the assembly line Ceremony listing conference will be held in April, the car is in the pre-sale period, acceptable customer reservations. The strength of breaking up can really set off the market waves, the decision is still in the hands of consumers, let us wait and see.

[jaarc-rm]

Joint trucks (C&C Trucks) upcoming domestic first 13 liters LNG heavy truck
Automotive market http://www.automarket.net.cn

In recent years, LNG heavy truck with its advantages of clean energy is increasingly recognized by the market, the domestic mainstream car prices also have launched LNG heavy truck to meet this market opportunity. After two years of intense preparations for the forthcoming joint truck revealed the pace of the country's first LNG heavy truck - Trucks K gold version of the 13 liters to accelerate towards joint domestic LNG heavy truck brand truck playing ".

As a rising star in China's commercial vehicle sector, icebreakers born, in one set of intelligent and efficient joint trucks K gold version of the official blew the horn new energy into the heavy truck market, representing a rise of a high-end LNG heavy truck reinforcements, and face The close fight increasingly fierce LNG heavy truck market competition, K-gold version of the arrival of, the spoiler or break Bureau?

13L: largest displacement domestic LNG engine

This high hopes also triggered numerous anticipated new LNG models, joint trucks given to the highest specifications, engine treatment.

According to informed sources, the K gold edition tractor equipped the most mature YC6K13N gas machine the engine to the top 6K diesel engine in the world is based on matching the nearly 14 years of experience in the development of gas engines in Yuchai crystal ESI system, with more than 30 technical invention patent.

The engine is the largest displacement domestic, maximum torque of the gas engine has low gas consumption, strong power, high reliability, low noise and environmental characteristics.

Stage in the rapid growth of the natural gas heavy truck market, the market WP12 (Weichai) 6MK two mainstream engines, small power, small torque and reliability are not ideal, the market is an urgent need for a more robust and reliable natural gas engines.

The joint truck undoubtedly aimed engine market opportunities the K gold version of the engine maximum power up to 440Ps; a MTBF mileage of 100,000 km; compared with the diesel engine, a 35% reduction in fuel costs; compared with CNG, lower emissions of exhaust pollution reach State V emission standards.

It is reported that the joint trucks since 2011, will be the strategic center of gravity position in the LNG heavy truck, have invested a lot of resources, and strive to joint truck playing domestic LNG heavy truck brand.

Last year was the first year of the joint truck really into the market this year, the Joint trucks intention to enhance public awareness of the natural gas trucks, so that both contribute to the development of new energy automotive industry, but also conducive to joint truck further to achieve self breakthrough to become the world's cutting-edge power technology and the representative of the concept of clean and green power.

JACOBS: first cylinder brake technology

In addition to the displacement of the largest K gold version of the engine used the cylinder braking technology, this is the first of its kind in the domestic LNG heavy truck industry, joint truck apparently devoted more effort for the security of the K gold version.

The cylinder brake technology breakthrough in the use of the engine, not just technically, but also created the the K gold version unparalleled security. Moreover, brake valve produced by American JACOBS braking power of up to 17kW / L, braking efficiency than the current market has similar products increased by 25% or more on long downhill braking is more stable, more secure, and effectively shortened braking distance.

The same time, in order to strengthen the security control of the vehicle the K gold version of the transportation of hazardous chemicals to standard anti-lock braking system (ABS), anti-rollover system (RSC); simultaneously body will use the unique cage optimize the structure, weight lightweight, high strength, the cab meets the European ECE-R29 regulations frontal crash, side crash, the top pressure as well as front-end drilling requirements.

In addition, the reliability, economy and environmental protection will also readily available in K-gold version of the body, Mileage will be more than 1300km.

It is reported that the joint truck also provide users with a highway vehicle "36 months / 360,000 km" Value warranty period.

heavy attack, spoiler, or breaking up?

Much is encountering fog and haze, the air is heavily polluted, vehicle emission standards more stringent requirements, Beijing five emission standards were implemented in February, the national policy is conducive to the development of LNG heavy truck; Meanwhile, abundant natural gas The resource boost LNG development opportunities, LNG heavy truck has become the best choice for lower transportation costs and reduce pollutant emissions.

Looking back on the last year of the domestic truck market, LNG vehicle has to play the leading role in the context of the overall downturn, adverse economic growth, to become the biggest bright spot of the the dismal commercial vehicle market.

"After careful preparation, K gold version of exactly this opportunity, timely listing, aiming to lead the new trend of domestic LNG heavy truck." Set Swiss joint trucks Marketing Services Ltd. Deputy General Manager Mr. Zhang Zhiguo said.

However, objectively, very difficult to put in front of K gold said to be a smooth road. LNG market a few years ago, or several-man, and in recent years by almost flourishing trend in the market, commercial vehicle manufacturers have LNG new energy vehicles as new major markets. K gold edition in such a time the node enters the flourishing of full potential of the market, compared to the other products, the economy, environmental protection Needless to say, the first 13 liters LNG heavy truck alone K gold version can come to the fore, and the first using cylinder brake technology even more unique.

Insiders predict K gold version of the arrival of the joint truck is very likely to become a breaking of the market structure and build a new market competition sequence.

To this end, a joint truck apparently done enough homework.

It is understood that, in line with the new car market, the future joint LNG industry chain will provide customers with a station, transport, operational integration solutions, as well as car users to carry out a comprehensive mortgage business. Service network across the country, adequate reserve of spare parts and a leading financial policies, the total elimination of the concerns of the of LNG users of the gas source, "car cost", "service".

K gold version of the car is about to the factory in Wuhu, on the market has entered the final sprint preparation phase. "Mr. Zhang Zhiguo said.

It is reported that the, K gold version of the product off the assembly line Ceremony listing conference will be held in April, the car is in the pre-sale period, accept(ing) customer reservations.

The strength of breaking up can really set off the market waves, the decision is still in the hands of consumers, let us wait and see.

[nmauricer1]

This may be good news for CYD which is a leader in natural gas engines and in efficient diesel. Interestingly, caas seems ok today...

[obutimo]

Tata Motors slumps on fears of China's fuel norms
Reuters – 5 hrs ago
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Reuters - Men walk inside a Tata Motors showroom on the outskirts of Agartala, capital of Tripura, November 7, 2012. REUTERS/Jayanta Dey/Files
MUMBAI (Reuters) - Shares in Tata Motors(TAMO.NS) end down 4.22 percent after falling as much as 5.6 percent on worries that China's new stringent fuel economy standard would adversely impact the auto maker's Jaguar Land Rover Ltd (JLR) unit.
The rules announced on Wednesday would cut passenger cars' average fuel consumption to 6.9 litres per 100 kilometres by 2015 and to 5.0 litres by 2020 in China.
A spokesman for Jaguar Land Rover could not immediately comment when reached by Reuters.
China contributes about 20 percent of JLR's revenues and nearly 40 percent of its operating profit, analysts estimate, raising worries that the company may have to invest more to comply with the new norms.
News that BMW (BMWG.DE) budgeting for more discounts in 2013 was also seen affecting the stock.
(Reporting by Abhishek Vishnoi)
EXPLORE RELATED CONTENT1 - 4 of 20

China holiday rail chaos after reservoir collapse

Tata Motors logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai
Tata Motors quarterly profit falls 50 percent
AP
India's Tata Motors reported on Thursday a sharp drop of more than 50 percent in its quarterly net …

;

[nmauricer1]

Stand by to buy.

[nmauricer1]

12 trades can do this much? Really? We ll that's how many trades there have been resulting in all of 1700 shares being sold. Looks like manipulators have it figured out. We'll see.

[nmauricer1]

Further detail of the tortured maze of share holdings is as you are no doubt fully aware is available in statutory filings. These suggest somewhat more than 22pc is held by yulin in gymcl and about 18pc in CYI. If you need links to a chart entitled "Organisational Structure"' let me know, and I'll dig it out. I suspect you have it though.
P

[nmauricer1]

My recent understanding was that CYD directly or indirectly owned about 76pc of gymcl. More detail is at http://www.cyilimited.com/aboutus.aspx.

Maybe 76pc is not huge. Please inform.

[jaarc-rm]

Reality check time.

1.) How much of CYD does Yulin own?
2.) How much of GYMCL does CYD own?
3.) How much of GYMCL does Yulin own indirectly through CYD?
4.) How much of GYMCL does Yulin own directly?
5.) How much of GYMCL does Yulin own in total...directly and indirectly?

What is your definition of "huge"?

[nmauricer1]

Checking on CYD price action every couple of hours leaves me mystified. Who is selling when it drops down suddenly. And who is buying when it pops up suddenly.? No volume, relatively large gyrations. I'm used to it, but it remains bizarre.

[nmauricer1]

CYD is not state owned. Yulin has a stake but its not huge. The div last year was90c but eps was a lot higher. 80c would be good but cannot be predicted.

[msail]

Dividend Possibility. Recently the Chinese government recommended that state owned enterprises pay out one third of their earnings as dividends. Should the diesel engine company follow this guideline, it would mean a dividend of roughly $.80 for CYD holders.

[nmauricer1]

February china truck sales according to http://www.chinatrucks.com/news/2013/0308/article_4425.html . Maybe, this big decrease is all to do with the holiday and March will be fine.

[nmauricer1]

Thanks, as usual. Maybe new folks are reading your posts today.

[jaarc-rm]

Yuchai United Power Video

This is Y&C Engine...the GYMCL JV with Chery and CIMC.

It's a little over 4 minutes long.

There is no speaking...just some really great background music.

http://v.youku.com/v_show/id_XNTIzNzExNDQw.xxxx
(no html allowed!)

Enjoy!

[jaarc-rm]

Yuchai Group Video. Review of 2012.

It's not quite 9 minutes long.

It's about the entire Yuchai Group...so not all of it applies to CYD.

It appears to be a review of 2012.

And it's in Chinese (so it's sorta like "reading" a Playboy magazine for me.)

:)

http://v.youku.com/v_show/id_XNTIzNzIwNTI4.xxxx
(no html allowed!)

[jaarc-rm]

Yutong Heavy Industries sold 200 Mining Trucks

Yutong Heavy Industries has sold 200 YT3621 Mining Trucks to a coal mining company.

http://admin.cvworld.cn/Upload/13/03/08/63498335264360628173684_pic.jpg

http://admin.cvworld.cn/Upload/13/03/08/63498334854438188184442_pic.jpg

The article does not say what engines are being installed, but the Yutong Heavy Industries website lists 2 available...

Copy and paste here:

Model
WD12.375/YC6M375-20

Rated power
276/375 kw/hp

Looks to me like it's either a Weichai engine...or a Yuchai YC6M375...both rated at 276kw and 375 hp.

[Kenna]

maurice... you're going to drive yourself crazy. We don't mind when the boys drive the stock price up. So I guess we can't be cry babies when we get beat. +++ it doesn't seem like many people understand CYD even though Jaarc has done his best to educate the masses. Again... $2.49 EPS for FY12 (throw in how CYD has positioned its products to take advantage of the next round of chinese stimulus this year FY13) does not = a $15 share price. Nevertheless, there has been damage done and it will take time to heal.

[nmauricer1]

15 turned out to be optimistic....as the low.

[Kenna]

It's time to go away and come back in May. Good luck... hope the stock market doesn't blow up before CYD has the legs to make its next run up.

[nmauricer1]

Regretfully, though, have to assume the stock is broken for now and 15 is easily possible. Darn it! Wrecked my overall portfolio.

[nmauricer1]

Regretfully, though, have to assume the stock is broken for now and 15 is easily possible. Darn it! Wrecked my overall portfolio.

[Ruby Crown]

Thanks for reply.

[jaarc-rm]

That depends upon what you mean by "the higher margin sales we need".

Quite honestly, I believe that the gross margins in Q4 were good.

If you read the press release, the conference call, and HLA's report you will see that "Fixed Overhead" is mentioned as the primary reason for the margins not being larger than they were (and 24+% is not bad at all.)

The short story is that the fixed overhead was spread over fewer units...which made the "amount" per unit included in the COGS calculate out higher...and the margins lower.

Higher volumes...like happen in Q1 and Q2 annually...will remedy that particular issue.

That being said, there is a very noticeable seasonality pattern to CYD's business, sales volume, revenue per engine sold, and (to a lesser extent) their margins.

Volumes will be much higher in Q1 than in Q4...and the average selling price will be the lowest it will be for the entire year during Q1. It has worked that way for at least the last 4 years.

Margins will be smaller (Q4 is always the highest...mostly due to reconciliation of various promotional costs, etc. with their largest customers).

Caveat: If the percentage of CNG and LPG engines increases substantially, I would also expect the average sales price to increase...along with the margins.

Oh, and from those translated articles...it would appear that the emissions regulations for natural gas engines increased to what they refer to as State/National/Country V standards on January 1st...with little or no drop off in demand for what should be more expensive engines.

[Ruby Crown]

Are these the higher margin sales, we need?

[jaarc-rm]

HLA has a little problem, though.
They are losing money on Xinfei...and pretty much everything else except for CYD and the Building Materials Unit (BMU).

I highly recommend that everyone read their recently filed Q4 and unaudited annual report as filed...


http://www.buysellsignals.net/BuySellSignals/report/Singapore/Stock/News/21798.pdf

Read through it carefully. (I save copies of these).

Be sure to check out page 15 for the Segment reporting.
Compare 2012 to 2011.
Look at where their "earnings" are (and are not) coming from.

HLA has been rated a "Sell"...and it was repeated this morning (btw)...with a "Target Price" of S$1.28...much lower than where it is trading.

See page 4.

http://www.remisiers.org/cms_images/research/Mar04-Mar08_2013/SG_MorningMatters_5_Mar_13.pdf

[nmauricer1]

And then have enough stock to buy us out for peanuts!

[jaarc-rm]

They also did not announce the new JV Factory with North Industries (Bei Ben/North Pennines) to build 100,000 engines annually.

(And, I can assure you...I asked for them to discuss it!)

If you look at Bei Ben's website you will see that most of their vehicles currently use Weichai engines...designated by the WP at the bottom of the product pages. There is just one with a YC (Yuchai) code...and it's their smallest vehicle.

Since Bei Ben's goal is to sell 150,000 vehicles annually...that JV is going to cover the vast majority of them...and they make BIG vehicles.

That indicates to me that Yuchai is taking more and more market share from Weichai...and increasing their position in the heavy-duty segment (just like they said they want to).

None of those "analysts" on the call have a clue...and they cover Weichai!

[Kenna]

That's obvious... it's the only answer that makes sense.

jaarc-rm
Tuesday, March 05, 2013 4:27:56 PM
Re: nmauricer1 post# 320
Post # of 321
Because they want to buy it up for not very much!

[jaarc-rm]

Because they want to buy it up for not very much!

[nmauricer1]

Sincere thanks. Why then the extraordinarily conservative cc?Why is this stuff not announced by CYD?

[jaarc-rm]

Yield (Production)

Yuchai, Quanchai, Weifang, China FAW cloud power, Jiangling Holdings, Dongfeng Motor, Shandong Huayuan Laidong, Chaochai Chinese heavy truck diesel engines ranked diesel engine production view diesel production from January 2013:

ranked in the top ten, production of 75,361 units, 49,087 units, 46,508 units, 37,718 units, 31,655 units, 18,667 units, 15169, 15,000, 11,998 units, 10,950 units, respectively,

accounting for the domestic car with a diesel engine the total output share for 21.30%, 13.88%, 13.15%, 10.66%, 8.95%, 5.28%, 4.29%, 4.24%, 3.39%, 3.10%.

The ten enterprises produced a total diesel engine 312,113 gross domestic cars with 88.23% of the total production of diesel engines.

January Chinese heavy vehicle diesel engine production ranks among the top ten, the ability to maintain this status, a cause of concern.

Production year-on-year compared with the same period last year, ten companies are in a growth trend, and the double-digit increases are largest increase production increased enterprise cloud power, an increase of 94.63 percent, the smallest increase in China National Heavy Duty Truck , an increase of 10.62%.

The same time, the production year on year growth in more than half of the enterprises there Yuchai 73.14%, Weichai 66.48% 72.27% Quanchai.

[jaarc-rm]

Sales

Yuchai, Quanchai, Weifang, China FAW, Jiangling Holdings, cloud power Shandong Huayuan Laidong, Dongfeng Motor, Chaochai, Great Wall Motor diesel engine sales ranking were ranked view diesel sales from January 2013: the top ten.

Sales were 60,323 units, 51,449, 35,282, 29,199, 18,476 units, 17,723 units, 15,000 units, 13,886 units, 11,861 units and 9,645 units, respectively, accounting for 20.14% share of the total sales volume of the domestic cars with diesel engines, 17.18%, 11.78 %, 9.75%, 6.17%, 5.92%, 5.01%, 4.64%, 3.96%, 3.22%. Great Wall Motor vehicle diesel engine sales ranked the domestic car diesel engines tenth.

The ten total sales of diesel engines to 262,844 units, accounting for 87.77% of domestic vehicle diesel engine sales.

Compared with the same period last year, ten companies also showed a substantial growth trend.

Among them, the largest increase in sales year-on-year Chaochai increase in the three-digit, 100.66%, the smallest increase in the Dongfeng Motor, also reached 17.88%.

In addition, the increase in sales year-on-year in over half of the Weichai 96.24% cloud power of 86.58%, 77.55% Quanchai, Shandong Huayuan Laidong the 69.53%, 64.43% Yuchai.

[jaarc-rm]

Guangxi Yuchai January sales engine 60000
2013-02-25 Author: extraordinary Source: China News

Guangxi Yuchai Machinery Co., Ltd. usher in the Year of the Snake booming sales off to a good start. According to statistics, the January sales engine more than 60,000 units, retaining its position as the top sales of the diesel engine.
Keywords: Yuchai engine

Guangxi Yuchai Machinery Company Limited usher in the Year of the Snake booming sales off to a good start. According to statistics, the January sales engine more than 60,000 units, retaining its position as the top sales of the diesel engine.

Overseas market, the good news of success, Guangxi Yuchai YC4F engine sales in Egypt contrarian made a good start, re-authorized users. YC6MK375-40 engine passed India BS-IV standard certification, which opened the portal to enter the high-end luxury passenger car market in India supporting domestic 13.7 meter buses. Yuchai Bangladesh - Myanmar offices to be outdone, one gains J4120-T2-C 600 supporting heavy truck engine orders.

At the same time, Yuchai Engine Plant first batch ? gas engine rolled off the production line to the JAC, Dongfeng Xiangfan trip three car prices are destined loading.

In addition, the Yuchai production 115 horsepower, 125 horsepower, 140 horsepower, 160 horsepower agricultural received by the market, the spring received a number of orders.

Guangxi Yuchai Machinery Co., Ltd. It is understood that the first quarter is expected received production orders of 140,000 units, has so far totaled nearly 80,000 units.

The AG engine a factory orders than usual substantial growth in mid-January, they received orders for nearly 25,000 units. The face of so gratifying the situation, leading cadres of the engine plant, the staff of one mind, and flexible deployment of human resources, car machine, the machine is heavy machinery across the board fought three production lines output engine a year-on-year increase of 78.3%. Engine Changfuchangchang Fan Yang Hui said: "heavy production tasks, the machine is relatively tight line. February we received orders for over 15,000 units."

The 2013 Engine Plant has launched a "war in the first quarter, and strive to open annual production called on factories up and down hand in hand as one round into the production of the General Assembly war, uninterrupted production 24 hours a day, production days marked rising. When asked about the production, the the engine two Changfuchangchang cloned and said excitedly: January several major production line to achieve full bloom, creating the highest production since. "

The the engine three factory production is extremely strong, which hit the product YC6C series ship machines increased by 275%. The remanufacturing project also hi success, the parts back in January, with the value of year-on-year increase of 185%.

[jaarc-rm]

Yuchai: strengthening R & D and production of gas engines Ying-market boom

(A different translation)

2013-02-22 Author: the Dinc Source: HC Engineering Machinery Parts Network
]
In 2012, Yuchai seize the opportunities of the Rise of the gas market, pay close attention to the quality of product R & D and production, successfully opened up the market, the gas machine production and sales in the first in the industry. In January 2013, although the gas machine already on the market according to state regulations the country V switch, but demand remains undiminished. Yuchai shares of the company's R & D and production lines are open enough "horsepower" to greet the arrival of the market boom.

Keywords: the Yuchai engine gas machine State V

In 2012, Yuchai seize the opportunities of the Rise of the gas market, pay close attention to the quality of product R & D and production, successfully opened up the market, the gas machine production and sales in the first in the industry. In January 2013, although the gas machine already on the market according to state regulations the country V switch, but demand remains undiminished. Yuchai shares of the company's R & D and production lines are open enough "horsepower" to greet the arrival of the market boom.

It is understood that, and so Yuchai a gas machine building project power marine gas engine test workshop has been put into use, the two related works have also been a concern, and also by the Yulin City leaders pay attention and research. According to Liang Qingyan, deputy general manager of Yuchai AG, the company's products in short supply, the urgent need to accelerate the R & D testing and production of gas machine, the gas machine two projects also listed on the agenda for the early start, put into operation as soon as possible to meet customers' needs.