CORRECTION: Blog Coverage China Yuchai Wins Two Major Contracts, Delivers 303 Hybrid Engines

In the news release, “Blog Coverage China Yuchai Wins Two Major Contracts, Delivers 303 Hybrid Engines” issued earlier today by Active Wall Street, we are advised by the company that the Stock Performance data has been removed and its original data should be disregarded as originally issued.

Upcoming AWS Coverage on Powell Industries, Inc. Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 23, 2016 / Active Wall St. blog coverage looks at the headline from China Yuchai International Ltd. (NYSE: CYD) as the Company announced the Singapore-based manufacturer and supplier of engines for on-road and off-road applications across China through its operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), announced on December 22, 2016, that it has delivered 303 hybrid engines in total to the major transportation groups, namely Mongolia Tian’an Public Transportation Group and Lanzhou Mass Transit Company, in China.Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of China Yuchai’s competitors within the Diversified Machinery space, Powell Industries, Inc. (NASDAQ: POWL), reported on December 06, 2016, its results for the fiscal 2016 fourth quarter and year ended September 30, 2016. AWS will be initiating a research report on POWL in the coming days.

Today, AWS is promoting its blog coverage on CYD; touching on POWL. Get all of our free blog coverage and more by clicking on the links below:

http://www.activewallst.com/registration-3/?symbol=CYD

http://www.activewallst.com/registration-3/?symbol=POWL

The Yuchai

The Yuchai segment under CYI is actively engaged in the manufacture, assembling, and sales of a range of light, medium, and heavy-duty engines across China. Additionally, it manufactures diesel power generators. The firm’s portfolio includes YC6L-60 and YC4FQ-48 diesel engines, and five new engines, which are YC4Y22-50, YC4S-50, YC4EG-50, YC6MK-50, and YC4FAN-50 models. Additionally, it manufactures Tier 3 compliant engines, namely, YC6J-T30, YC4D-T30, and YC4A-T30. In 2015, the firm sold 364,567 engines and is an established manufacturer and distributor of engines in China.

Breaking down the deal

Prior to this order of 303 hybrid engines, Lanzhou Mass Transit Company placed 288 new environmentally-friendly buses into services, of which 280 12-meter coach buses were powered by YC6J210N (Displacement: 7.8 L) hybrid engines from GYMCL. The remaining 8 buses were powered by heavy-duty natural gas engines (Displacement: 10.3 L), designed exclusively for larger coach buses.

The People’s Republic of China and primarily the Gansu province has lately been engulfed by elevated environmental pollution. Hence, this deal is set to relieve the vehicular emissions from public vehicles in Lanzhou city, the capital of Gansu province.

The dominant engine manufacturer

On July 06, 2015, CYI through its subsidiary delivered more than 1,300 engines for school buses to be exported to Saudi Arabia. CYI engines reportedly represented 90 percent of the buses supplied under the contract. Through the execution of this contract, CYI presumably bagged the largest Chinese bus engine export orders. Previously, on June 18, 2015, GYMCL supplied engines for 1,060 King Long buses export order to Saudi Arabia.

The fiscal year 2016 has turned out to be a really active one for CYI. On January 08, 2016, CYI delivered 1,237 engines to power buses for the Lhasa Public Transportation Corp., through its GYMCL unit. The order included 648 buses by Zhengzhou Yutong Bus Co., Ltd., 270 buses by Suzhou Jinlong Bus Co. Ltd, 164 buses by Xiamen Golden Dragon Bus Co. Ltd, and 155 buses by Foton AUV Bus Co., Ltd, reportedly powered by GYMCL’s YC4G or YC4S light-duty diesel engines.

In the following month, on February 01, 2016, GYMCL launched four new engines compliant with National V emission standards. These engines were unveiled to the public at GYMCL’s Sales & Marketing Conference on January 21, 2016. On August 29, 2016, CYI tapped into the Thailand bus engine market, when it supplied over 700 engines to the Shanghai Shenlong Bus Co. Ltd. Another order from Sunlong closely followed the deal, where GYMCL supplied an order of 264 engines comprising YCL6L330 and YC6G240 engines.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 451696