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 of the Securities Exchange Act of 1934

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

Exhibits Index

99.1		Press Release dated November 10, 2009 — China Yuchai International Announces Unaudited Results for Third Quarter 2009
99.2		Unaudited Financial Statements for Third Quarter 2009

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, thereunder duly authorized.

Date: November 10, 2009

Exhibit 99.1

China Yuchai International Announces
Unaudited Results for Third Quarter of 2009

Singapore, Singapore — November 10, 2009 — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), announced today its unaudited consolidated financial results for the third quarter ended September 30, 2009. As the financial results for the third quarter of 2008 were not announced, comparative results are not included below.

Net revenues for the third quarter of 2009 were RMB 3,488.4 million (US$ 510.8 million) compared with RMB 3,448.0 million (US$ 504.7 million) in the second quarter of 2009. The total number of diesel engines sold by the Company’s main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), during the third quarter of 2009 was 114,855 units compared with 129,932 units in the second quarter of 2009. The increase in net revenues was primarily the result of price improvements across a number of diesel engine models.

Gross profit was RMB 582.2 million (US$ 85.3 million) in the third quarter of 2009, representing a 21.2% increase over the gross profit of RMB 480.2 million (US$ 70.3 million) in the second quarter of 2009. The gross margin was 16.7%, a 2.8% improvement over the gross margin of 13.9% for the second quarter of 2009.

Research and development (“R & D”) expenses were RMB 72.3 million (US$ 10.6 million) in the third quarter of 2009 versus RMB 71.1 million (US$ 10.4 million) in the second quarter of 2009. As a percentage of net revenues, R & D spending was 2.1% of net revenues in both the second and third quarters of 2009.

Selling, general & administrative expenses (“SG & A”) in the third quarter of 2009 were RMB 249.5 million (US$ 36.5 million) compared with RMB 283.1 million (US$ 41.4 million) in the second quarter of 2009. SG & A expenses represented 7.2% of third quarter net revenues compared with 8.2% of second quarter net revenues. SG & A expenses declined mainly due to lower selling expenses in the third quarter of 2009 in line with a lower number of units sold.

Operating income was RMB 260.4 million (US$ 38.1 million) in the third quarter of 2009, a 107% increase over the RMB 126.0 million (US$ 18.4 million) in the second quarter of 2009. The increase is mainly due to higher gross profit. The operating margin was 7.5% in the third quarter of 2009 compared with 3.7% in the second quarter of 2009.

Other income in the third quarter of 2009 was RMB 111.0 million (US$ 16.3 million) compared with a loss of RMB 1.4 million (US$ 0.2 million) in the second quarter of 2009 due to a dividend received from an associate of GYMCL, a gain from the maturity of zero coupon unsecured non-convertible bonds previously issued by HL Global Enterprises Limited, foreign exchange gains, and interest income.

Net income was RMB 248.6 million (US$ 36.4 million), or earnings per share of RMB 6.67 (US$ 0.98), in the third quarter of 2009 compared with RMB 49.6 million (US$ 7.3 million), or earnings per share of RMB 1.33 (US$ 0.19) in the second quarter of 2009. The net margin for the third quarter of 2009 was 7.1% compared with 1.4% in the second quarter of 2009. The increase in the net margins is primarily due to higher gross profits and a greater contribution from Other Income in the third quarter of 2009. As of September 30, 2009, a total of 37,267,673 shares were issued and outstanding.

For the nine months ended September 30, 2009, net revenues were RMB 9,860.5 million (US$ 1.4 billion) and diesel engine sales were 366,536 units. The gross profit was RMB 1,445.8 million (US$ 211.7 million) representing a 14.7% gross margin. Operating income was RMB 690.8 million (US$ 101.2 million) which included a one-time write-back of approximately RMB 203.0 million (US$ 29.7 million) in the first quarter of 2009 resulting from GYMCL’s acquisition of Yulin Hotel Company.

Net income for the nine months ended September 30, 2009 was RMB 532.5 million (US$ 78.0 million), or earnings per share of RMB 14.29 (US$ 2.09). Excluding the gain from the acquisition of Yulin Hotel Company, net income would have been RMB 377.5 million (US$ 55.2 million), or earnings per share of RMB 10.13 (US$ 1.48).

In September 2009, China Yuchai declared a $0.10 per ordinary share cash dividend that was paid out on October 16, 2009.

Mr. Boo Guan Saw, President of China Yuchai, commented, “We are pleased to be reporting a strong quarter resulting from improved profitability. We successfully shifted our product mix as the Chinese commercial vehicle market is on a healthy recovery track. After seeing the Chinese government’s continued commitment to infrastructure construction and inland rural market development, we gradually increased our capacity in response to rising demand by original equipment manufacturers. We expanded our assembly capacity with our new state-of-the-art facility in Xiamen, and in the area of R&D, we continue to focus on developing green technology to propel our future growth. In October, we commenced construction of our new engineering institute in Nanning which aims to become the premier R&D facility dedicated to diesel engine technology in China. Upon commercial launch of this R&D facility, we expect to design products to meet the most stringent global quality and technology standards as well as accelerate our development of hybrid and other innovative technologies. Overall, quality is our top priority and we are implementing Sigma Six management policies to drive production efficiency and product quality which will ultimately result in long-term shareholder value.”

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 6.8288 = US$1.00, the rate quoted by the People’s Bank of China at the close of business on September 30, 2009. 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, 2009 or at any other date.

Third Quarter 2009 Earnings Web Cast

An audio web cast for the investment community has been scheduled for 8:30 A.M. Eastern Standard Time today, November 10, 2009. The call will be hosted by Mr. Boo Guan Saw, President, and Mr. Weng Ming Hoh, Chief Financial Officer, who will present and discuss the financial results and business outlook of the Company, followed by a 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 & development team and significant market share in China with high-quality products and reliable after-sales support. In 2008, GYMCL sold approximately 372,000 diesel engines and was consistently ranked No. 1 in unit sales by China Association of Automobile Manufacturers. 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@us.grayling.com
		dixon.chen@us.grayling.com

Exhibit 99.2

CHINA YUCHAI INTERNATIONAL LIMITED
UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the period ended September 30, 2009
(RMB and US$ amounts expressed in thousands, except per share data)

		For Quarter Ended								For Nine Months Ended
		September 30, 2009								September 30, 2009
		RMB ’000				USD ’000				RMB ’000				USD ’000
Revenues, net			3,488,438				510,842				9,860,533				1,443,963
Cost of goods sold			2,906,267				425,590				8,414,762				1,232,246
Gross profit			582,171				85,252				1,445,771				211,717
Research & development			72,317				10,590				199,501				29,215
Selling, general and administrative expenses			249,496				36,536				758,380				111,056
Gain on acquisition of Guangxi Yulin Hotel Company Ltd in settlement of past loan			—				—				(202,950	)			(29,720	)
Operating income			260,358				38,126				690,840				101,166
Interest expenses			19,525				2,859				53,978				7,904
Other income			(110,985	)			(16,252	)			(148,420	)			(21,734	)
Share of equity in losses of affiliates			4,063				595				8,898				1,303
Income before income taxes and minority interests			347,755				50,924				776,384				113,693
Income taxes			42,408				6,210				90,817				13,299
Income before minority interests			305,347				44,714				685,567				100,394
Minority interests			56,798				8,317				153,040				22,411
Net income			248,549				36,397				532,527				77,983
Net earnings per common share			6.67				0.98				14.29				2.09

CHINA YUCHAI INTERNATIONAL LIMITED
Selected Unaudited Consolidated Balance Sheet Items
(RMB and US$ amounts are expressed in thousands)

		As of December
		31, 2008				As of September 30, 2009
		RMB ’000				RMB ’000				USD ’000
Cash balances			693,436				2,727,540				399,417
Trade accounts receivable, net			2,537,681				3,505,991				513,412
Inventories, net			2,250,030				1,879,849				275,282
Investment in affiliated companies			392,386				392,449				57,470
Net current assets			1,027,660				2,045,475				299,537
Total assets			9,712,678				12,811,209				1,876,056
Trade accounts payable			2,612,928				4,871,303				713,347
Short-term and long-term borrowings			1,323,204				953,682				139,656
Shareholders’ equity and accumulated other comprehensive income			3,430,825				3,888,088				569,366

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