美国KBW银行指数跌近5%，创去年4月来最大单日跌幅。大型科技股多数下跌，英伟达跌超4%，苹果跌逾3%，微软跌超2%，特斯拉、Meta跌超1%；奈 飞涨超13%，创2023年10月以来最佳单日表现；谷歌涨超1%，亚马逊小幅上涨。高盛跌逾7%，摩根士丹利跌超6%，富国银行、花旗集团跌超5%，美国银 行跌超4%。戴尔科技涨约22%，创2024年3月份以来最大单日涨幅。Block涨近17%，创2022年以来最大单日涨幅。 英伟达市值一夜蒸发1871亿美元（约合人民币12832亿元）。 尽管营收增长且第一季度前景好于预期，但英伟达连续两日的下跌凸显了市场对人工智能热潮下高估值个股的担忧。 据媒体报道，德意志银行策略师称："盈利惊喜的规模已不及市场在2023~2024年所习惯的水平，且由于市场对人工智能交易的普遍怀疑正在加剧，这些利 好并未起到太大支撑作用。" Block公司宣布裁员4000人（裁减近一半员工），赌注在于AI能够提高生产力，这一举动加剧了上述风险。截至收盘，Block涨16.76%。 利弗莫尔中概股龙头指数收跌1.26%。成分股中，阿特斯太阳能跌超11%，NEGG、爱奇艺跌超6%，世纪互联、欢聚跌超5% ...

Revenue growth of 28.9% for the full year was driven by higher unit sales across nearly every reporting category, particularly in heavy-duty and high-horsepower engines. The data center market emerged as a critical growth engine, with combined sales of MTU Yuchai and Yuchai branded high-horsepower units increasing from 750 to over 2,000 units. Gross margin expansion to 16.5% was attributed to a favorable shift in product mix toward high-margin heavy-duty engines and ongoing cost reduction initiatives. ...

Engine unit sales increased 28.7% in the second half to 210,913 units. The company said growth was led by truck and bus engines, which rose 49.2% year over year. Truck engine unit sales increased 59.4%, including a 100.61% increase in heavy-duty truck engines. Off-road engine unit sales rose 7.5%, supported by more than 22% growth in industrial engines and marine and genset engines, partially offset by lower agricultural engine unit sales.Chief Financial Officer Choon Sen Loo attributed the margin improveme ...

尽管刚刚公布的2025年下半年业绩表现亮眼，玉柴国际(CYD.US)周二盘中仍跌超8.8%，报50.171美 元。 尽管财务数据显著改善，市场反应却偏谨慎。分析人士指出，股价回落可能与短期获利回吐、对业绩可 持续性的观望情绪，或宏观及行业需求不确定性有关。 根据公司发布的新闻稿，玉柴国际下半年实现收入人民币118亿元(约17亿美元)，同比增长33.5%；毛利 润同比增长58.4%至22亿元，毛利率由上年同期的15.9%提升至18.9%。营业利润同比大增193.1%至4.69 亿元，期内利润同比增长77.7%至2.76亿元。基本及摊薄每股收益同比增长108.7%至4.57元(约0.65美 元)。 ...

智通财经APP获悉，尽管刚刚公布的2025年下半年业绩表现亮眼，玉柴国际(CYD.US)周二盘中仍跌超 8.8%，报50.171美元。 尽管财务数据显著改善，市场反应却偏谨慎。分析人士指出，股价回落可能与短期获利回吐、对业绩可 持续性的观望情绪，或宏观及行业需求不确定性有关。 根据公司发布的新闻稿，玉柴国际下半年实现收入人民币118亿元(约17亿美元)，同比增长33.5%；毛利 润同比增长58.4%至22亿元，毛利率由上年同期的15.9%提升至18.9%。营业利润同比大增193.1%至4.69 亿元，期内利润同比增长77.7%至2.76亿元。基本及摊薄每股收益同比增长108.7%至4.57元(约0.65美 元)。 ...

China Yuchai International (NYSE:CYD) H2 2025 Earnings call February 24, 2026 08:00 AM ET Company ParticipantsChoon Sen Loo - CFOFiona Lim - Global Financial Crimes Compliance Specialist of Global Economic SanctionsKelvin Lai - General Manager of OperationsKevin Theiss - Head of Investor RelationsWeng Ming Hoh - President and DirectorConference Call ParticipantsSteven Liu - Equity Research AnalystWei Shen - Equity Research Analyst of China Auto & Industrials ResearchYing Si - Equity Research AnalystKevin Th ...

China Yuchai International (NYSE:CYD) H2 2025 Earnings call February 24, 2026 08:00 AM ET Company ParticipantsChoon Sen Loo - CFOFiona Lim - Global Financial Crimes Compliance Specialist of Global Economic SanctionsKelvin Lai - General Manager of OperationsKevin Theiss - Head of Investor RelationsWeng Ming Hoh - President and DirectorConference Call ParticipantsSteven Liu - Equity Research AnalystWei Shen - Equity Research Analyst of China Auto & Industrials ResearchYing Si - Equity Research AnalystOperator ...

China Yuchai International (NYSE:CYD) H2 2025 Earnings call February 24, 2026 08:00 AM ET Speaker5Good day, and thank you for standing by. Welcome to China Yuchai International Limited, second half, 2025 financial results. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is ra ...

Core Viewpoint - China Yuchai International Limited reported significant growth in engine sales and financial performance for the second half of 2025 and the full fiscal year 2025, driven by strong demand in the truck and bus segments, alongside strategic expansions in international markets [1][2]. Financial Highlights for 2H 2025 - Total number of engines sold increased by 28.7% to 210,913 units compared to 163,843 units in 2H 2024 [1]. - Basic and diluted earnings per share rose by 108.7% to RMB 4.57 (US$ 0.65) from RMB 2.19 in 2H 2024 [1]. - Profit for the period increased by 77.7% to RMB 275.7 million (US$ 39.2 million) compared to RMB 155.1 million in 2H 2024 [1]. - Operating profit grew by 193.1% to RMB 469.2 million (US$ 66.7 million) from RMB 160.1 million in 2H 2024 [1]. - Revenue increased by 33.5% to RMB 11.8 billion (US$ 1.7 billion) compared to RMB 8.8 billion in 2H 2024 [1]. Financial Highlights for FY 2025 - Total number of engines sold increased by 29.4% to 461,309 units compared to 356,586 units in FY 2024 [2]. - Basic and diluted earnings per share increased by 74.4% to RMB 14.32 (US$ 2.04) from RMB 8.21 in FY 2024 [2]. - Profit for the year increased by 64.8% to RMB 810.5 million (US$ 115.3 million) compared to RMB 491.7 million in FY 2024 [2]. - Operating profit increased by 82.7% to RMB 1.1 billion (US$ 155.2 million) compared to RMB 597.0 million in FY 2024 [2]. - Revenue grew by 28.9% to RMB 24.7 billion (US$ 3.5 billion) compared to RMB 19.1 billion in FY 2024 [2]. Sales Performance - Truck and bus engine unit sales rose by 42.8%, significantly outpacing the market sales growth of 4.5% for 2025 [2]. - Total truck engine unit sales rose by 50.7% YoY, compared to a 5.9% YoY increase in truck unit sales [2]. - Off-road engine unit sales increased by 13.0% YoY, with industrial and marine sales growth exceeding 24% YoY [2]. Research and Development - R&D expenses increased by 48.0% to RMB 874.9 million (US$ 124.5 million) compared to RMB 591.1 million in 2H 2024 [1]. - Total R&D expenditure, including capitalized costs, was RMB 974.2 million (US$ 138.6 million), representing 8.3% of revenue in 2H 2025 [1]. Balance Sheet Highlights as of December 31, 2025 - Short-term and long-term loans and borrowings were RMB 2.0 billion (US$ 287.4 million), down from RMB 2.5 billion at the end of FY 2024 [2]. - Trade and bills payables were RMB 11.1 billion (US$ 1.6 billion), compared to RMB 8.5 billion at the end of FY 2024 [2]. - Cash and bank balances were RMB 7.9 billion (US$ 1.1 billion), up from RMB 6.4 billion at the end of FY 2024 [2]. Strategic Developments - The company expanded its international presence with a strategic agreement in Vietnam and shipped products to Germany and Mexico [2]. - An indirect subsidiary filed for a potential listing on the Hong Kong Stock Exchange in January 2026 [2].

Group 1 - Steven Cress is the Head of Quantitative Strategies at Seeking Alpha, managing quant ratings and factor grades on stocks and ETFs [1][2] - Cress leads Alpha Picks, selecting two attractive stocks to buy each month and determining when to sell them [1][2] - The Seeking Alpha Quant Rating system, created by Cress, interprets data for investors and offers insights on investment directions [2] Group 2 - Cress has over 30 years of experience in equity research, quantitative strategies, and portfolio management, enhancing his expertise in investment topics [2] - Prior to Seeking Alpha, Cress founded CressCap Investment Research and Cress Capital Management, and worked at Morgan Stanley and Northern Trust [2]