Enhanced Investments - Financial Portal

Published: 2021-02-24 06:35:52 ET

EX-99.2 3 d132857dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

CHINA YUCHAI INTERNATIONAL LIMITED

UNAUDITED CONSOLIDATED INCOME STATEMENTS

For the six months ended December 31, 2020 and 2019

(RMB and US$ amounts expressed in thousands, except per share data)


	Second Half of 2020						Second Half of 2019
	RMB ’000			US$ ’000			RMB ’000			US$ ’000
Revenue		10,622,223			1,627,952			8,991,130			1,377,972
Cost of sales		(8,910,562	)		(1,365,624	)		(7,359,470	)		(1,127,905	)
Gross profit		1,711,661			262,328			1,631,660			250,067
Other operating income, net		273,265			41,880			195,732			29,998
Research and development costs		(413,491	)		(63,371	)		(309,792	)		(47,478	)
Selling, general and administrative costs		(1,002,622	)		(153,662	)		(1,020,964	)		(156,472	)
Operating profit		568,813			87,175			496,636			76,115
Finance costs		(87,996	)		(13,486	)		(74,153	)		(11,365	)
Share of results of associates and joint ventures		(64,514	)		(9,887	)		11,695			1,792
Profit before tax		416,303			63,802			434,178			66,542
Income tax expense		(69,925	)		(10,717	)		(56,374	)		(8,640	)
Profit for the period		346,378			53,085			377,804			57,902
Attributable to:
Equity holders of the parent		243,173			37,268			259,906			39,833
Non-controlling interests		103,205			15,817			117,898			18,069
		346,378			53,085			377,804			57,902
Net earnings per common share
- Basic		5.95			0.91			6.36			0.97
- Diluted		5.95			0.91			6.36			0.97
Unit sales		217,138						164,789

CHINA YUCHAI INTERNATIONAL LIMITED

UNAUDITED CONSOLIDATED INCOME STATEMENTS

For the years ended December 31, 2020 and 2019

(RMB and US$ amounts expressed in thousands, except per share data)


	December 31, 2020						December 31, 2019
	RMB ’000			US$ ’000			RMB ’000			US$ ’000
Revenue		20,581,170			3,154,251			18,016,085			2,761,128
Cost of sales		(17,391,599	)		(2,665,420	)		(14,910,244	)		(2,285,130	)
Gross profit		3,189,571			488,831			3,105,841			475,998
Other operating income, net		378,947			58,077			338,486			51,876
Research and development costs		(626,478	)		(96,013	)		(492,204	)		(75,435	)
Selling, general and administrative costs		(1,760,036	)		(269,742	)		(1,806,042	)		(276,792	)
Operating profit		1,182,004			181,153			1,146,081			175,647
Finance costs		(151,170	)		(23,168	)		(131,796	)		(20,199	)
Share of results of associates and joint ventures		(58,970	)		(9,038	)		19,034			2,917
Profit before tax		971,864			148,947			1,033,319			158,365
Income tax expense		(192,538	)		(29,508	)		(172,619	)		(26,455	)
Profit for the period		779,326			119,439			860,700			131,910
Attributable to:
Equity holders of the parent		548,903			84,125			604,914			92,709
Non-controlling interests		230,423			35,314			255,786			39,201
		779,326			119,439			860,700			131,910
Net earnings per common share
- Basic		13.43			2.06			14.81			2.27
- Diluted		13.43			2.06			14.81			2.27
Unit sales		430,320						376,148

CHINA YUCHAI INTERNATIONAL LIMITED

SELECTED UNAUDITED CONSOLIDATED BALANCE SHEET ITEMS

For the years ended December 31, 2020 and December 31, 2019

(RMB and US$ amounts expressed in thousands)


	December 31, 2020 (Unaudited)				December 31, 2019 (Audited)
	RMB ’000		US$ ’000		RMB ’000
Cash and bank balances		6,447,537		988,143		6,390,918
Trade and bills receivables		8,093,318		1,240,374		7,816,152
Inventories		4,471,195		685,251		2,824,137
Trade and bills payables		7,460,533		1,143,394		6,197,869
Short-term and long-term loans and borrowings		2,230,000		341,768		2,055,046
Equity attributable to equity holders of the parent		9,014,624		1,381,573		8,767,529

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.