US Stock Market Move | China Yuchai International Limited (CYD.US) rose nearly 10% as engine sales in the second half of 2024 showed a significant growth of 10.9%.

On Wednesday, China Yuchai International Limited (CYD.US) rose nearly 10% to $21.82. Financial data shows that in 2024, China Yuchai International Limited's total revenue was 19.134 billion RMB, a year-on-year increase of 6.02%; net profit attributable to shareholders was 323 million RMB, a year-on-year increase of 13%. In the second half of 2024, the company's total engine sales reached 163,843 units, a 10.9% increase compared to 147,700 units in the second half of 2023. This growth was mainly attributed to increased sales in the truck, bus, industrial and marine, and power generation markets. Guotai Junan Securities stated that benefiting from the continued high prosperity of domestic AIDC and data center construction, there is a high demand for high-end diesel generators. Data center power distribution systems have strict requirements, and high-grade data centers require strong backup power sources, with diesel generators being the mainstream backup power configuration with high performance requirements.