China Yuchai Announces Unaudited 2008 Consolidated Financial Results

China Yuchai International Limited ("China Yuchai" or the "Company"), announced on 30, June, its unaudited consolidated financial results for fiscal year 2008.

 

Unaudited consolidated net revenues for the fiscal year ended December 31, 2008 were RMB 10.4 billion compared with audited consolidated net revenues of RMB 9.6 billion in 2007, reflecting a 8% year-over-year increase.

 

The Company expects its unaudited consolidated net income for 2008 to fall within the range of RMB 245.0 million and RMB 300.0 million and the unaudited earnings per share range is expected to fall within the range of RMB 6.57 and RMB 8.05. In 2007, the Company achieved audited consolidated net income of RMB 525.5 million, or RMB 14.10 basic and diluted earnings per share. The expected decline in net income for 2008 is due mainly to increased raw material prices which were substantially higher in 2008. As of December 31, 2008, a total of 37,267,673 shares were issued and outstanding.

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