CYD - China Yuchai: Macro And Industrial Conditions In China Provide A Solid Basis For Future Growth

• China Yuchai engages in the production and sale of a wide variety of light-, medium- and heavy-duty engines.
• Its dependence on the Chinese market, its complex structure, and its low coverage still keep many investors on the sidelines.
• However, the company has a long track record of strong cash flow generation from operating activities and is well-positioned to benefit from the future expansion of the Chinese economy.
• Moreover, the firm has a solid financial position and a strong outlook for the next three years due to promising macro and industrial conditions.

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