Yutong: Production & Sales on Decline from Jan. to Apr. in 2009
2009-05-12 Source：english.chinabuses.com
Summarize：In the first four months of 2009, Zhengzhou Yutong Bus Co., Ltd. (hereinafter referred to as Yutong Bus) built 6,072 units, down by 27.04% y/y. In the meantime, its sales volume stood at 6,224 units, ...
In the first four months of 2009, Zhengzhou Yutong Bus Co., Ltd. (hereinafter referred to as Yutong Bus) built 6,072 units, down by 27.04% y/y. In the meantime, its sales volume stood at 6,224 units, down by 29.29% y/y. In Apr. alone, the bus builder manufactured 2,361 units and sold 2,428 units.
Yutong Bus (stock code at Shanghai Stock Exchange: 600066) released the report on its production and sales volume of April on May 6.
In the first four months, the company saw a dramatic decline in the production and sale of its large- and medium-sized buses. Comparatively speaking, its light-duty buses performed relatively well.
The production and sales volume of its large-sized buses were down by 30.09% and 37.01% y/y respectively while those of its medium-sized buses went down by nearly 30%. In terms of its light-duty buses, the sales volume went up by 6.84% while the production volume was down by 2.13%.
In the first quarter, Yutong Bus realized a net profit of RMB 548.941 million (about USD 80.4757 million), down by 80.82% y/y. Its production and sales volume in Apr. still failed to bring signs of recovery.
On May 6, the share of Yutong Bus went up slightly by 0.73% to close at RMB 13.8 (about USD 2.023). In the same day, Shanghai stock exchange rose by 0.98%.
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