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07-11-2007
Yutong
has reported net profit RMB 1.69 billion in first there quarters 2007, up 33%
compared with same period last year. The company's earnings in first there quarters
is RMB 4.8 billion, increasing 34% with same period last year. Gross profit rate
has dropped 2% from 17% in first three quarters to 15%. According
to statistics from Yutong, in first three quarters, 8,787 units medium buses(up
24% year-on-year) and coaches(up 50% year-on-year) have been sold. Meanwhile,
46,293 units medium buses(up 8% year-on-year) and 35,613 coaches(up 25% year-on-year)
have been sold in domestic market. Yutong Group occupied 20% industry turnover
in first there quarters. Relevant
experts remained optimistic about Yutong 2007-2008 revenues and earnings, because
firstly, the order from Cuba have been executed in September, in which 5,000 units
Yutong buses will been exported. Secondly, the company is likely to acquire more
export orders under the economic globalization. Thirdly, other domain investment
will also contribute to the growth. Yutong is gradually stepping into world leading
bus manufacturers.
Editor:James
Yin from Chinabuses.com
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