China Yuchai International (CYD) Research & Development (2009 - 2025)
China Yuchai International (CYD) posted quarterly Research & Development of -$124.5 million for Q4 2025, down 48.01% YoY from -$239.4 million in Q4 2024, and down 48.01% sequentially from -$84.1 million in Q4 2024.
China Yuchai International (CYD) Research & Development (2009 - 2025) Analysis & Trends
China Yuchai International has disclosed Research & Development across 17 years of filings, most recently posting -$124.5 million for Q4 2025.
- In Q4 2025, Research & Development fell 48.01% year-over-year to -$124.5 million; the TTM figure through Dec 2025 stood at -$331.0 million (down 23.99% YoY), while the FY2025 annual figure was $195.2 million, up 239.37% from the prior year.
- Research & Development slipped to -$124.5 million in Q4 2025, from -$84.1 million in the prior quarter.
- Over the last five years, Research & Development for CYD reached as high as -$57.0 million in Q2 2023 and fell as low as -$124.5 million in Q4 2025.
- The 5-year median for Research & Development is -$65.5 million (2023), against an average of -$75.5 million.
- Annual changes were most pronounced in 2022 — Research & Development rose 21.06% — and 2025, when it slumped 48.01%.
- A 5-year view of Research & Development shows it stood at -$76.5 million in 2021, then rose by 21.06% to -$60.4 million in 2022, then declined by 8.33% to -$65.5 million in 2023, then retreated by 28.48% to -$84.1 million in 2024, then tumbled by 48.01% to -$124.5 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered -$124.5 million, -$84.1 million, and -$65.5 million for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 1.95 Bn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | - |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | - |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -421.43 Mn |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 458.00 Mn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -394.63 Mn |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | -273.27 Mn |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -2,535.42 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | 335.67 Mn |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | -124.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -124.48 Mn |
| Dec 31, 2024 | -84.10 Mn |
| Dec 31, 2023 | -65.46 Mn |
| Jun 30, 2023 | -56.98 Mn |
| Dec 31, 2022 | -60.42 Mn |
| Jun 30, 2022 | -60.86 Mn |
| Dec 31, 2021 | -76.55 Mn |
| Dec 31, 2020 | -64.85 Mn |
| Jun 30, 2020 | -19.36 Mn |
| Mar 31, 2020 | -10.72 Mn |
| Dec 31, 2019 | -32.68 Mn |
| Sep 30, 2019 | -11.57 Mn |
| Jun 30, 2019 | -15.62 Mn |
| Mar 31, 2019 | -10.14 Mn |
| Dec 31, 2018 | -15.44 Mn |
| Sep 30, 2018 | -8.99 Mn |
| Jun 30, 2018 | -22.76 Mn |
| Mar 31, 2018 | -17.81 Mn |
| Dec 31, 2017 | -33.66 Mn |
| Sep 30, 2017 | -20.29 Mn |