UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

November 7, 2011

Commission File Number 1—13522

China Yuchai International Limited

16 Raffles Quay #26-00
Hong Leong Building
Singapore 048581
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F þ            Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o            No þ

If “Yes” is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b): Not applicable.

 

 

TABLE OF CONTENTS

Exhibit Index
99.1		Press release dated November 7, 2011 — China Yuchai International Announces Unaudited Third Quarter 2011 Financial Results
99.2		Unaudited Financial Statements for Third Quarter 2011 and Nine Months Period Ended 30 September 2011.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 7, 2011

Exhibit 99.1

China Yuchai International Announces
Unaudited Third Quarter 2011 Financial Results

Singapore, Singapore — November 7, 2011 — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), announced today its unaudited consolidated financial results for the third quarter and nine months ended September 30, 2011.

The financial highlights for the third quarter of 2011 are:

•		Net revenue was RMB 3.4 billion (US$ 542.6 million) compared with RMB 3.3 billion (US$ 524.4 million) in the third quarter of 2010;
•		Total number of diesel engine units sold by the Company’s main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”) was 106,358 units compared with 109,023 units in the same quarter of 2010;
•		The gross margin was 20.0%, down from 23.1% in the third quarter of 2010, but up from 19.2% in the second quarter of 2011;
•		Total net profit attributable to China Yuchai’s shareholders was RMB 63.6 million (US$ 10.0 million), compared with RMB 217.5 million (US$ 34.2 million) in the third quarter of 2010;
•		Earnings per share of RMB 1.71 (US$ 0.27), compared with RMB 5.84 (US$ 0.92) in the third quarter of 2010;
•		As of September 30, 2011, cash and cash equivalents were RMB 2.6 billion (US$ 406.5 million).

Third Quarter 2011 Financial Results

Net revenue for the third quarter of 2011 was RMB 3.4 billion (US$ 542.6 million), compared with RMB 3.3 billion (US$ 524.4 million) in the third quarter of 2010. With the slowdown in the Chinese commercial vehicle market, especially in the truck sector, the number of diesel engines sold by GYMCL during the third quarter of 2011 was 106,358 units compared with 109,023 units in the same quarter of 2010.

Gross profit was RMB 691.0 million (US$ 108.7 million) compared with RMB 769.3 million (US$ 121.1 million) in the third quarter of 2010. The gross margin was 20.0% in the third quarter of 2011 as compared with 23.1% a year ago. The lower gross margin was mainly due to an increase in material costs and shift to off-highway engines (mainly for marine, industrial and agriculture applications) compared to the same quarter a year ago.

Other expenses decreased to RMB 25.9 million (US$ 4.1 million) from a gain of RMB 36.5 million (US$ 5.7 million) in the third quarter of 2010, mainly due to foreign exchange revaluation losses.

Research and development (“R&D”) expenses were RMB 83.5 million (US$ 13.1 million) compared with RMB 95.7 million (US$ 15.1 million) in the third quarter of 2010. As a percentage of net revenue, R&D spending was 2.4% in the third quarter of 2011 compared with 2.9% in the same quarter last year.

Selling, general & administrative (“SG&A”) expenses in the third quarter of 2011 were RMB 414.7 million (US$ 65.2 million), increasing from RMB 355.5 million (US$ 55.9 million) in the third quarter of 2010. These SG&A expenses represented 12.0% of third quarter 2011 net revenue compared with 10.7% for the third quarter of 2010. The increase in SG&A expenses compared to last year were mainly due to higher warranty expenses, reduction in the provision of doubtful debts in the prior year and some increase in sales incentives and rebate expenses.

Operating profit declined to RMB 166.9 million (US$ 26.3 million) from RMB 354.7 million (US$ 55.8 million) in the third quarter of 2010, mainly due to lower gross profit and higher SG&A expenses. The operating margin was 4.8% in the third quarter of 2011 compared with 10.6% in the third quarter of 2010.

In the third quarter of 2011, net profit attributable to China Yuchai’s shareholders was RMB 63.6 million (US$ 10.0 million), or earnings per share of RMB 1.71 (US$ 0.27), compared with RMB 217.5 million (US$ 34.2 million), or earnings per share of RMB 5.84 (US$ 0.92), in the third quarter of 2010.

Nine Months Ended September 30, 2011

For the nine months ended September 30, 2011, net revenues were RMB 11.7 billion (US$ 1.8 billion) compared with RMB 12.4 billion (US$ 2.0 billion) in the first nine months of 2010. The gross profit was RMB 2.4 billion (US$ 378.6 million) representing a 20.6% gross margin.

Selling, general and administrative expenses declined 5.1% from RMB 1.4 billion (US$ 214.2 million) in the first nine months of 2010 to RMB 1.3 billion (US$ 203.3 million) in the nine months ended September 30, 2011.

Operating profit declined to RMB 885.7 million (US$ 139.4 million) from RMB 1,154.5 million (US$ 181.7 million) in the first nine months of 2010. This is due to lower sales volume and the shift in sales mix to off-highway applications as well as to light-duty engines.

Net profit attributable to China Yuchai’s shareholders for the nine months ended September 30, 2011 was RMB 449.2 million (US$ 70.7 million), or earnings per share of RMB 12.05 (US$ 1.90), versus RMB 668.4 million (US$ 105.2 million), or earnings per share of RMB 17.93 (US$ 2.82), in the same period in 2010.

As of September 30, 2011, the Company had cash and cash equivalents of RMB 2.6 billion (US$ 406.5 million) compared with total short-term and long-term interest bearing loans and borrowings of RMB 2.7 billion (US$ 429.7 million). The Company strategically relied on borrowings to finance its operations as the cost of bills discounting has increased substantially compared to last year.

Total equity attributable to China Yuchai’s shareholders was RMB 5.2 billion (US$ 813.7 million) on September 30, 2011. The total shares issued and outstanding as of September 30, 2011 were 37,267,673 shares.

Mr. Benny H. Goh, President of China Yuchai, commented, “The third quarter of 2011 continued to face head winds and proved to be a challenging quarter as demand in the commercial vehicle sector dropped due to two main causes: Firstly, the slow-down in construction activities and secondly, the Chinese government’s credit tightening measures to contain inflation which affected demand. Our strategy of offering a diversified line of advanced diesel engines into several market segments in China generated slightly higher revenues in the third quarter compared with the same quarter a year ago notwithstanding the difficult market for commercial vehicles.”

Exchange Rate Information

The Company’s functional currency is the U.S. dollar and its reporting currency is Renminbi. The translation of amounts from Renminbi to U.S. dollars is solely for the convenience of the reader. Translation of amounts from Renminbi to U.S. dollars has been made at the rate of RMB 6.3549 = US$ 1.00, the rate quoted by the People’s Bank of China at the close of business on September 30, 2011. No representation is made that the Renminbi amounts could have been, or could be, converted into U.S. dollars at that rate or at any other certain rate on September 30, 2011 or at any other date.

Third Quarter 2011 Earnings Web Cast

An audio web cast for the investment community has been scheduled for 8:00 A.M. Eastern Standard Time today, November 7, 2011. The call will be hosted by the President, Mr. Benny H Goh, and Chief Financial Officer, Mr. Weng Ming Hoh, who will present and discuss the financial results and business outlook of the Company, followed by a Q&A session. Mr. Qi Wei Wu, General Manager of GYMCL will be available to answer questions during the Q&A session.

The web cast can be accessed at the investor relations section of the Company’s website located at http://www.cyilimited.com. Participants are requested to log into the web cast at least 5 minutes prior to the scheduled start time. The recorded web cast will be available on the website shortly after the earnings call.

About China Yuchai International

China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), engages in the manufacture, assembly, and sale of a wide array of light-duty, medium-sized and heavy-duty diesel engines for construction equipment, trucks, buses and cars in China. GYMCL also produces diesel power generators, which are primarily used in the construction and mining industries. Through its regional sales offices and authorized customer service centers, the Company distributes its diesel engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2010, GYMCL sold 551,592 diesel engines and is recognised as a leading manufacturer and distributor of diesel engines in China. For more information, please visit http://www.cyilimited.com

Safe Harbor Statement

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “project,” “targets,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company’s operations, financial performance and condition. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including those discussed in the Company’s reports filed with the Securities and Exchange Commission from time to time. The Company specifically disclaims any obligation to update the forward-looking information in the future.

For more information, please contact:

		Kevin Theiss / Dixon Chen
		Grayling
		Tel:		+1-646-284-9409
		Email:		kevin.theiss@grayling.com dixon.chen@grayling.com

— tables follow —

Exhibit 99.2

CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the quarter ended September 30, 2011 and 2010
(RMB and US$ amounts expressed in thousands, except per share data)

		30 September 2011								30 September 2010
		RMB ’000				US$ ’000				RMB ’000				US$ ’000
Revenue, net			3,448,254				542,613				3,332,490				524,397
Cost of goods sold			2,757,258				433,879				2,563,167				403,337
Gross profit			690,996				108,734				769,323				121,060
Other expenses/(income)			25,927				4,080				(36,533	)			(5,749	)
Research & development costs			83,458				13,133				95,705				15,060
Selling, general and administrative expenses			414,673				65,252				355,453				55,934
Operating profit			166,938				26,269				354,698				55,815
Finance cost			24,807				3,904				21,011				3,306
Share of profit of associates			(353	)			(56	)			(258	)			(41	)
Share of loss/(profit) of joint ventures			9,916				1,560				(1,104	)			(174	)
Profit before tax from continuing operations			132,568				20,861				335,049				52,724
Income tax expense			31,456				4,950				51,357				8,081
Profit for the period from continuing operations			101,112				15,911				283,692				44,643
Loss/(profit) from discontinued operations			483				76				(2,179	)			(343	)
Profit for the period			100,629				15,835				285,871				44,986
Attributable to:
Owners of the Parent			63,641				10,015				217,484				34,224
Non-controlling interests			36,988				5,820				68,387				10,762
			100,629				15,835				285,871				44,986
Net earnings per common share			1.71				0.27				5.84				0.92

CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the nine months ended September 30, 2011 and 2010
(RMB and US$ amounts expressed in thousands, except per share data)

		30 September 2011								30 September 2010
		RMB ’000				US$ ’000				RMB ’000				US$ ’000
Revenue, net			11,697,838				1,840,759				12,418,092				1,954,097
Cost of goods sold			9,291,595				1,462,115				9,728,471				1,530,861
Gross profit			2,406,243				378,644				2,689,621				423,236
Other income			(14,784	)			(2,326	)			(72,285	)			(11,375	)
Research & development costs			243,420				38,304				245,911				38,696
Selling, general and administrative expenses			1,291,951				203,300				1,361,457				214,237
Operating profit			885,656				139,366				1,154,538				181,678
Finance cost			100,149				15,759				97,571				15,354
Share of profit of associates			(1,325	)			(208	)			(61	)			(10	)
Share of loss of joint ventures			36,937				5,812				6,513				1,025
Profit before tax from continuing operations			749,895				118,003				1,050,515				165,309
Income tax expense			140,513				22,111				167,918				26,423
Profit for the period from continuing operations			609,382				95,892				882,597				138,886
Loss/(profit) from discontinued operations			483				76				(2,179	)			(343	)
Profit for the period			608,899				95,816				884,776				139,229
Attributable to:
Owners of the Parent			449,238				70,692				668,372				105,175
Non-controlling interests			159,661				25,124				216,404				34,054
			608,899				95,816				884,776				139,229
Net earnings per common share			12.05				1.90				17.93				2.82

CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(RMB and US$ amounts are expressed in thousands)

		As of December
		31, 2010				As of September 30, 2011
		RMB ’000				RMB ’000				US$ ’000
		(audited)				(unaudited)				(unaudited)
Cash and cash equivalents			4,060,990				2,583,096				406,473
Trade and bills receivable, net			4,234,475				8,335,725				1,311,700
Inventories, net			2,632,860				2,199,163				346,058
Other current assets			452,578				737,765				116,094
Current assets			11,380,903				13,855,749				2,180,325
Property, plant and equipment			3,276,302				3,438,696				541,109
Prepaid operating leases			407,468				392,203				61,717
Goodwill			212,636				212,636				33,460
Investment in associates and joint ventures			552,923				536,712				84,456
Other non-current assets			416,031				320,781				50,478
Non-current assets			4,865,360				4,901,028				771,220
Total assets			16,246,263				18,756,777				2,951,545
Trade and bills payable			5,699,334				5,882,222				925,620
Interest bearing loans and borrowings			423,543				2,585,577				406,863
Other current liabilities			2,769,730				2,851,677				448,737
Current liabilities			8,892,607				11,319,476				1,781,220
Interest bearing loans and borrowings			201,850				144,951				22,809
Deferred grants			269,736				331,025				52,090
Other non-current liabilities			96,143				78,091				12,289
Non-current liabilities			567,729				554,067				87,188
Total liabilities			9,460,336				11,873,543				1,868,408
Equity attributable to owners of the Parent			5,097,947				5,171,013				813,705
Non-controlling interests			1,687,980				1,712,221				269,432
Total equity			6,785,927				6,883,234				1,083,137
Total equity and liabilities			16,246,263				18,756,777				2,951,545

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