| 21-02-2008 China's
leading bus and coach producer Yutong has experienced an steady rising development
in 2007. Yutong's sales volume of large and medium bus attained 24,200 units,
up 41 percent year-on-year. Meanwhile, Yutong realized sales revenue RMB 7.8 billion,
rising 57 percent year-on-year. The company's expanded producing capability and
upgrade of core parts will guarantee Yutong's steady rising performance. Being
China's leading bus and coach manufacturer, Yutong continued its good performance
on large and medium bus market. The company has occupied 20% market share in 2007.
With the elevation of management model and the expansion of sales channels, Yutong
is likely to further consolidate its leading position on large and medium bus
market. Due
to the tourism bus market and launching of public transport system, China's large
and medium bus market is expected to keep an 15% augment. Meanwhile, Yutong had
exported 3,300 units buses to overseas market in 2007, creating overseas sales
revenue RMB 1.1 billion. At present, Yutong's main overseas market included Russia,
Cuba, Iran, the Middle East, Saudi Arabia, North Africa, etc. The export bus volume
is expected to attain 10,000 units in upcoming two years. Analysts
advised that Yutong's first priority is the exploration of overseas market. Yet,
in the future the Chinese currency's appreciation will lower export product's
competition and affect the company's export behavior. It
was said that, from 2007 to 2009, Yutong has respectively realized sales revenue
RMB 7.762 billion, RMB9.66 billion and RMB11.68 billion.
Editor:James
Yin from Chinabuses.com
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