China Yuchai International Limited

Climate Impact & Sustainability Data (2021)

Increasingly stringent policies and regulations related to climate change and environmental protection.
Competition in China from other diesel engine manufacturers.
China’s initiatives to develop energy saving and new energy vehicles.
Outbreaks of communicable diseases.
Material weaknesses in internal control over financial reporting.

Yuchai produces diesel engines compliant with the current emission standards.
Yuchai is expanding its production and research and development capabilities in natural gas engines, fuel cells, hybrid power system, pure electric system, engine range extenders and electric drive axle.
Yuchai took preventative measures against COVID-19, such as increased sanitization and disinfecting in the workplace, distancing in the dining hall, wearing of masks and temperature taking before entering the workplace, remote working and meetings.
Yuchai took various cost and cash flow mitigation measures to counter the negative impact of COVID-19, such as reducing or eliminating discretionary spending and streamlining of staffing.
Since the year ended December 31, 2012, we have not identified any material weaknesses in our internal control over financial reporting.

Yuchai’s procurement policy requires the same product to be sourced from at least two distinct sources.

Increasingly stringent policies and regulations related to climate change and environmental protection.
China’s initiatives to develop energy saving and new energy vehicles.

Yuchai also develops alternative fuels and environmentally friendly hybrid engines with improved fuel efficiency.

Frameworks Used: IFRS

Third-party Assurance: Ernst & Young LLP

Yuchai also develops alternative fuels and environmentally friendly hybrid engines with improved fuel efficiency.