China Yuchai International Ltd (NYSE:CYD) Q2 2019 Earnings Conference Call Transcript

Aug 15, 2019 • 08:00 am ET

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China Yuchai International Ltd (NYSE:CYD) Q2 2019 Earnings Conference Call Transcript

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Presentation
Executive
Thomas Khong Fock Phung

sorry -- from RMB52.1 million in the same period last year, an increase of approximately RMB5.5 million. Higher finance costs mainly resulted from an increase in borrowings compared to the same period last year.

Net profit attributed to China Yuchai's shareholder was RMB345.0 million, $50.2 million, compared with RMB375.0 million in the same period last year. Basic and diluted earnings per share were RMB8.44, $1.23, compared with RMB9.15, RMB9.17, respectively in the same period last year. Basic and diluted earnings per share in the six months of 2019 were based on a weighted average of 40,858,290 shares, and basic and diluted earnings per share were based on a weighted average of 40,858,290 shares and 40,888,876 shares respectively, in the same period last year.

Balance sheet highlights as at June 30, 2019. Cash and bank balance were RMB6.7 billion, $974.0 million, compared with RMB6.1 billion at end of 2018. Trade and bills receivable were RMB8.4 billion, $1.2 billion, compared with RMB7.4 billion at the end of 2018.

Inventory were RMB2.3 billion, $334.3 million, compared with RMB2.5 billion at the end of 2018. Trade and bills payables were RMB5.6 billion, $820.2 million, compared with RMB4.6 billion at the end of 2018. Short and long-term bank borrowings were RMB2.1 billion, $308.0 million, compared with RMB2.0 billion at the end of 2018.

With that, operator, we are ready to begin the Q&A session.