| Summary of Segment Information |
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|
|
|
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|
|
|
|
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|
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|
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|
Year
ended
December 31,
2015
|
|
Yuchai |
|
|
HLGE |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated
financial
statements
|
|
| |
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
|
|
|
|
|
|
Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total external
revenue
|
|
|
13,671,931 |
|
|
|
61,506 |
|
|
|
— |
|
|
|
— |
|
|
|
13,733,437 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
Results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
|
35,557 |
|
|
|
1,415 |
|
|
|
10,003 |
|
|
|
(5,661 |
) |
|
|
41,314 |
|
|
Interest expense
|
|
|
(110,618 |
) |
|
|
(7,595 |
) |
|
|
(435 |
) |
|
|
5,661 |
|
|
|
(112,987 |
) |
|
Impairment of property,
plant and equipment
|
|
|
(2,873 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,873 |
) |
|
Impairment of technology
development cost
|
|
|
(26,700 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(26,700 |
) |
|
Staff severance
cost
|
|
|
(8,385 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(8,385 |
) |
|
Depreciation
and amortization
|
|
|
(458,759 |
) |
|
|
(10,458 |
) |
|
|
(218 |
) |
|
|
— |
|
|
|
(469,435 |
) |
|
Share of (loss)/profit of
associates and joint ventures, net of tax
|
|
|
(10,230 |
) |
|
|
7,539 |
|
|
|
— |
|
|
|
— |
|
|
|
(2,691 |
) |
|
Income tax
expense
|
|
|
(161,731 |
) |
|
|
(2,491 |
) |
|
|
(12,596 |
)(1) |
|
|
— |
|
|
|
(176,818 |
) |
|
|
|
|
|
|
|
Segment profit after
income tax
|
|
|
583,115 |
|
|
|
6,473 |
|
|
|
(80,268 |
) |
|
|
— |
|
|
|
509,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
ended
December 31,
2016
|
|
Yuchai |
|
|
HLGE |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated
financial
statements
|
|
| |
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
|
|
|
|
|
|
Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total external
revenue
|
|
|
13,598,487 |
|
|
|
66,353 |
|
|
|
— |
|
|
|
— |
|
|
|
13,664,840 |
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
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|
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|
Results
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
|
51,235 |
|
|
|
1,919 |
|
|
|
10,080 |
|
|
|
(6,251 |
) |
|
|
56,983 |
|
|
Interest expense
|
|
|
(73,028 |
) |
|
|
(7,706 |
) |
|
|
(648 |
) |
|
|
6,251 |
|
|
|
(75,131 |
) |
|
Impairment of property,
plant and equipment
|
|
|
(3,297 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,297 |
) |
|
Staff severance
costs
|
|
|
(12,864 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(12,864 |
) |
|
Depreciation and
amortization
|
|
|
(467,177 |
) |
|
|
(10,744 |
) |
|
|
(239 |
) |
|
|
— |
|
|
|
(478,160 |
) |
|
Share of profit/(loss) of
associates and joint ventures, net of tax
|
|
|
112 |
|
|
|
(3,724 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3,612 |
) |
|
Income tax
expense
|
|
|
(141,272 |
) |
|
|
(2,281 |
) |
|
|
(16,717 |
)(1) |
|
|
— |
|
|
|
(160,270 |
) |
|
Segment profit after
income tax
|
|
|
765,039 |
|
|
|
(4,548 |
) |
|
|
(36,883 |
) |
|
|
— |
|
|
|
723,608 |
|
|
|
|
|
|
|
|
Total
assets
|
|
|
17,537,583 |
|
|
|
449,994 |
|
|
|
2,111,248 |
|
|
|
(1,502,319 |
) |
|
|
18,596,506 |
|
|
|
|
|
|
|
|
Total
liabilities
|
|
|
(8,419,018 |
) |
|
|
(369,124 |
) |
|
|
(151,472 |
) |
|
|
328,920 |
|
|
|
(8,610,694 |
) |
|
|
|
|
|
|
|
Other
disclosures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment in joint
ventures
|
|
|
173,781 |
|
|
|
2,570 |
|
|
|
— |
|
|
|
— |
|
|
|
176,351 |
|
|
Capital
expenditure
|
|
|
282,284 |
|
|
|
2,623 |
|
|
|
86 |
|
|
|
— |
|
|
|
284,993 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
ended
December 31,
2017
|
|
Yuchai |
|
|
HLGE |
|
|
Corporate |
|
|
Eliminations |
|
|
Consolidated
financial
statements
|
|
|
Consolidated
financial
statements
|
|
| |
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
US$’000 |
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total external
revenue
|
|
|
16,165,245 |
|
|
|
57,197 |
|
|
|
— |
|
|
|
— |
|
|
|
16,222,442 |
|
|
|
2,563,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
|
94,760 |
|
|
|
1,803 |
|
|
|
11,833 |
|
|
|
(2,975 |
) |
|
|
105,421 |
|
|
|
16,656 |
|
|
Interest expense
|
|
|
(94,794 |
) |
|
|
(3,983 |
) |
|
|
(270 |
) |
|
|
2,975 |
|
|
|
(96,072 |
) |
|
|
(15,179 |
) |
|
Gain on disposal of
intangible assets
|
|
|
115,235 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
115,235 |
|
|
|
18,206 |
|
|
Gain on disposal of
subsidiaries
|
|
|
— |
|
|
|
216,115 |
|
|
|
— |
|
|
|
— |
|
|
|
216,115 |
|
|
|
34,145 |
|
|
Gain on disposal of joint
venture
|
|
|
— |
|
|
|
107,976 |
|
|
|
— |
|
|
|
— |
|
|
|
107,976 |
|
|
|
17,059 |
|
|
Impairment of property,
plant and equipment
|
|
|
(20,845 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(20,845 |
) |
|
|
(3,293 |
) |
|
Impairment of technology
development cost
|
|
|
(40,000 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(40,000 |
) |
|
|
(6,320 |
) |
|
Staff severance
cost
|
|
|
(107,732 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(107,732 |
) |
|
|
(17,021 |
) |
|
Depreciation and
amortization
|
|
|
(433,921 |
) |
|
|
(9,990 |
) |
|
|
(270 |
) |
|
|
— |
|
|
|
(444,181 |
) |
|
|
(70,177 |
) |
|
Share of profit of
associates and joint venture
|
|
|
9,255 |
|
|
|
799 |
|
|
|
— |
|
|
|
— |
|
|
|
10,054 |
|
|
|
1,589 |
|
|
Income tax
expense
|
|
|
(190,573 |
) |
|
|
(461 |
) |
|
|
(29,133 |
)(1) |
|
|
— |
|
|
|
(220,167 |
) |
|
|
(34,785 |
) |
|
|
|
|
|
|
|
|
Segment profit after
tax
|
|
|
1,089,233 |
|
|
|
322,481 |
|
|
|
(6,644 |
) |
|
|
— |
|
|
|
1,405,070 |
|
|
|
221,991 |
|
|
|
|
|
|
|
|
|
Total
assets
|
|
|
19,623,882 |
|
|
|
451,096 |
|
|
|
2,444,012 |
|
|
|
(1,503,931 |
) |
|
|
21,015,059 |
|
|
|
3,320,229 |
|
|
|
|
|
|
|
|
|
Total
liabilities
|
|
|
(9,840,265 |
) |
|
|
(66,920 |
) |
|
|
(128,591 |
)(2) |
|
|
(7 |
) |
|
|
(10,035,783 |
) |
|
|
(1,585,582 |
) |
|
|
|
|
|
|
|
|
Other
disclosures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment in joint
ventures
|
|
|
193,476 |
|
|
|
2,626 |
|
|
|
— |
|
|
|
— |
|
|
|
196,102 |
|
|
|
30,983 |
|
|
Capital
expenditure
|
|
|
259,068 |
|
|
|
975 |
|
|
|
1,390 |
|
|
|
— |
|
|
|
261,433 |
|
|
|
41,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:
| |
(1) |
This relates mainly to the withholding tax provisions for
dividends from Yuchai.
|
| |
(2) |
Included here are mainly the cumulative withholding tax
provision for dividends that are expected to be paid from income
earned after December 31, 2007 by Yuchai.
|
|
| Summary of Geographic Information |
Revenue from external customers:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
31.12.2015 |
|
|
31.12.2016 |
|
|
31.12.2017 |
|
|
31.12.2017 |
|
| |
|
RMB’000 |
|
|
RMB’000 |
|
|
RMB’000 |
|
|
US$’000 |
|
|
|
|
|
|
|
People’s Republic of
China
|
|
|
13,630,979 |
|
|
|
13,508,721 |
|
|
|
16,116,356 |
|
|
|
2,546,269 |
|
|
Other countries
|
|
|
102,458 |
|
|
|
156,119 |
|
|
|
106,086 |
|
|
|
16,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,733,437 |
|
|
|
13,664,840 |
|
|
|
16,222,442 |
|
|
|
2,563,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
revenue information above is based on the location of the
customer.
Revenue from one customer group amounted to RMB 4,839,617
(US$764,625) (2016: RMB 3,580,856; 2015: RMB 2,900,332), arising
from sales by Yuchai segment.
Non-current assets
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
31.12.2016 |
|
|
31.12.2017 |
|
|
31.12.2017 |
|
| |
|
RMB’000 |
|
|
RMB’000 |
|
|
US$’000 |
|
|
|
|
|
|
People’s Republic of
China
|
|
|
4,893,338 |
|
|
|
4,524,988 |
|
|
|
714,916 |
|
|
Other countries
|
|
|
95,430 |
|
|
|
94,779 |
|
|
|
14,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,988,768 |
|
|
|
4,619,767 |
|
|
|
729,890 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|