Increased Truck and Bus Engine Sales
Truck and bus engine sales rose by 17.2% year-on-year for the full year 2024, outperforming the overall truck and bus vehicle market, which saw a 2.6% decline.
Strong Growth in Marine and Gen Set Engine Sales
Marine and gen set engine sales increased by 25.5% year-over-year, driven by high demand from data centers.
Profitability in Joint Ventures
Investment in associated companies and ventures delivered higher profit, growing by 18.2% year-over-year in second half 2024 and by 53.6% year-over-year for full year 2024.
Inauguration of Yuchai Thailand Operations
Yuchai Thailand commenced production operations, expanding the company's manufacturing capabilities.
Share Buyback and Dividend
The company repurchased 3.3 million shares at a total cost of $39.8 million and paid a cash dividend of $0.03 per ordinary share, reflecting confidence in future growth.