China Yuchai (CYD)

[jaarc-rm]

Heavy Truck Engines (Weichai vs Yuchai) in 2013.

In the same article that showed Weichai represented 29.99% of January's heavy-duty truck engine sales, it was reported that Yuchai accounted for 13.30%.

(Either way, that is much higher than 10.2% or 6.3%.)

Well, what about February then...

Weichai was reported to be 29% (rounded)...and Yuchai was shown on the chart at just 10%...but it's wrong!

The article states..."The first three engine companies account for 63.25% of the heavy truck market, (including) the fourth and fifth place engine companies of Cummins and Yuchai...(the Top 5) accounted for 91.17 percent of the heavy truck market."

As per the chart:
1.) Weichai 29.0%
2.) Wuxi 20.0%
3.) Hangfa 14.0%

Those 3 add up to 63%...which is pretty close to the 63.25% as stated.

Therefore, if the top 5 add up to 91.17% (as published), the 4th and 5th place companies must total another 27.92% combined.

Cummins is shown at 14.0% in the chart.

Even rounding Cummins up to a maximum of 14.49% (which is likely too high and would probably move them up into the 3rd spot)...Yuchai would have to have a MINIMUM of the difference.

Doing some quick math...
27.92% - 14.49% = 13.43%...or (likely) higher!

Weichai appears to be losing market share in the heavy truck engine segment while Yuchai appears to be gaining market share.

Have a Nice Day!