China Yuchai (CYD)

[jaarc-rm]

Heavy Truck Engines & Yuchai - An Historical Review

Once upon a time...the Annual Report for 2010 presented some interesting information and statistics within Boo Guan Saw's President's Statement.

Such as...

GYMCL sold:
551,592 engines in 2010.
467,899 engines in 2009.

Heavy-Duty engine sales were:
64,147 in 2010 (up 72.9% over 2009), and
that "represented 10.2% of the entire heavy-duty engine market."

Medium-Duty engine sales were:
218,344 in 2010 (up 34.5% over 2009)
"comprising approximately 49% of the medium-duty engine market."

From the above I can calculate that CYD sold approximately:
37,101 heavy-duty engines in 2009 (64,147 divided by 1.729)
162,338 medium-duty engines in 2009 (218,344 divided by 1.345)

Knowing that we can calculate out an estimate of what percentage of GYMCL's sales were Heavy-duty, Medium-duty, and the remainder (light-duty?) for those years.

2009 Summary by percentage:
7.93% Heavy-duty
34.70% Medium-duty
57,38% Light-duty

2010 Summary by percentage:
11.63% Heavy-duty
39.58% Medium-duty
48.79% Light-duty

Now, for the "caveat":
I'm not sure how Boo Guan Saw was categorizing the engines because 64,147 does NOT equal 10.2% of the heavy-duty truck engine sales reported for 2010.

It would be just 6.3% of those (64,177 divided by 1,074,000...see previous post).

But it makes what I will reveal in my next post that much more interesting!