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Revision History For: CYD - Net sales increase to RMB1.7 billion

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Return to CYD - Net sales increase to RMB1.7 billion

China Yuchai International Ltd. (CYD)is a holding company whose sole operating asset is a 76.4% ownership interest in Guangxi Yuchai Machinery Company Limited, a manufacturer of medium-duty diesel engines, diesel power generators, diesel engine parts and excavators in China. For the fiscal year ended 12/31/98, net sales rose 25% to RMB1.17 billion. Net income totalled RMB5.7 million vs. a loss of RMB450.5 million. Results reflect higher volumes and the absence of impairment charges.

This is a profitable company that seems unknown in the market. It is 12:25pm and there are zero trades for the day.

Once the market learns about CYD, this could be one of the great Chinese opertunities for the year 2000.

The current price is 1 3/16. That seems rediculas. Anyone have DD on this one?