CYD vs HSAI
China Yuchai International Ltd. and Hesai Group, side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | CYD | HSAI |
|---|---|---|
| Revenue | CNY 19.1B | CNY 3.0B |
| Net income | CNY 323.1M | CNY 435.9M |
| Gross margin | 14.7% | 41.8% |
| Net margin | 2.6% | 14.4% |
| Return on equity | 3.5% | 6.8% |
| Diluted EPS | CNY 8.21 | CNY 2.98 |
| Dividend / share | $0.38 | · |
| Payout ratio | 31.5% | · |
| Free cash flow | CNY 419.2M | CNY -192.4M |
| Equity | CNY 9.2B | CNY 9.0B |
| Net debt / equity | 0.08× | −0.14× |
| Current ratio | 1.55× | 3.73× |
| Revenue CAGR 5y | 1.2% | 48.8% |
| Profit CAGR 5y | −11.8% | · |
CYD bills 6.3× the revenue of HSAI, and HSAI keeps more of each dollar of revenue as profit (14.4% against 2.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | CYD | HSAI |
|---|---|---|
| FY2024 | CNY 19.1B | CNY 2.1B |
| FY2023 | CNY 18.0B | CNY 1.9B |
| FY2022 | CNY 16.0B | CNY 1.2B |
| FY2021 | CNY 21.3B | CNY 720.8M |
| FY2020 | CNY 20.6B | CNY 415.5M |
Bottom line
| Fiscal year | CYD | HSAI |
|---|---|---|
| FY2024 | CNY 323.1M | CNY -102.4M |
| FY2023 | CNY 285.5M | CNY -476.0M |
| FY2022 | CNY 218.6M | CNY -300.8M |
| FY2021 | CNY 272.7M | CNY -244.8M |
| FY2020 | CNY 548.9M | CNY -107.2M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +CNY 17,056,418,000 | CYD |
| FY2023 | +CNY 16,169,360,000 | CYD |
| FY2022 | +CNY 14,827,966,000 | CYD |
| FY2021 | +CNY 20,545,162,000 | CYD |
| FY2020 | +CNY 20,165,656,000 | CYD |
CYD has reported the higher revenue in every one of these 5 fiscal years. The gap has narrowed since the earliest year compared.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +7.5 pp | CYD |
| FY2023 | +27.7 pp | CYD |
| FY2022 | +27.1 pp | CYD |
| FY2021 | +35.9 pp | CYD |
| FY2020 | +29.6 pp | CYD |
CYD has kept the higher net margin in every one of these 5 fiscal years.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HSAI's net margin has been more volatile than CYD's over the 5 comparable fiscal years — 9.6 percentage points of standard deviation against 0.7.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CYD led in net margin in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 11 comparable fiscal years — a year missing data on either side is not counted.