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SINGAPORE - China Yuchai International Limited (NYSE:CYD), a prominent player in the Machinery industry with annual revenue exceeding $3.1 billion, unveiled its new YC16VTF engine, a 16-cylinder V-type power generation engine developed by its subsidiary Yuchai Marine and Genset Power Company Limited, according to a press release statement issued Friday. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics.
The new engine delivers a maximum power output of 3,971kW and is designed to meet application requirements for high-end 50Hz/60Hz generator sets. The company states the engine achieves "dual technological breakthroughs in high strength and reduced weight" and features a serialized and modular design for potential future applications.
The launch took place at the National Engineering Research Center in China and represents what the company describes as a major advancement in its high-speed, high-horsepower engine portfolio.
"The launch of the YC16VTF engine is consistent with Yuchai’s goal of growing as a high-end brand with high performance and reliability standards," said Weng Ming Hoh, President of China Yuchai.
The company indicated the new engine development responds to increasing global demand for computing power and data centers, which require more reliable and environmentally friendly power generation solutions.
China Yuchai, through its main operating subsidiary Guangxi Yuchai Machinery Company Limited, manufactures and distributes a range of powertrain solutions in China, including diesel, natural gas, and various new energy products. The company reported sales of 356,586 engines in 2024.
In other recent news, China Yuchai International Limited reported a substantial 52.2% increase in first-half profit, driven by strong engine sales. The company has also begun shipping a significant order of high-end cylinder head castings to a German customer, totaling 30,000 units, through its subsidiary Guangxi Yuchai Foundry Co., Ltd. Additionally, China Yuchai announced that its joint venture, MTU Yuchai Power Co., Ltd., has launched new high-horsepower mtu Series 2000 engines, expanding its product line from the Suzhou plant.
In a separate development, one of China Yuchai’s indirect subsidiaries is exploring a potential listing on a foreign stock exchange, though the process is still in its early stages and subject to various conditions. Meanwhile, the company disclosed that two of its executives, Wu Qiwei and Qin Xiaohong, have been detained by Chinese authorities, though the reasons and any charges remain unverified. Despite these detentions, China Yuchai assured that its daily operations continue uninterrupted, with Chen Hai stepping in to assist as acting president of Guangxi Yuchai Machinery.
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