Net Profits of Yutong up 50% in 2010
2011-01-28 Source：www.chinabuses.org
www.chinabuses.org:Yutong Bus releases their annual sales reports on Jan. 26, and their net profits may increase over 50% over 2009 due to large sales growth last year. And their net profits may surpass 845 million Yuan in 2010.
As many as 41,900 Yutong buses were sold out last year, up 46%, and average price for Yutong buses were about 314,000 Yuan, and this figure in the first half year even was 320,000 Yuan. As analyzed by Shenyin Wanguo Securities, sales of Yutong Bus in the first quarter may surpass market expectation, and the number may be over 3,500 units.
Yutong will invest 2.5 billion Yuan to develop energy-saving and new energy buses base, and their new output of 10,000 new energy will largely reduce Yutong lacking of production capability problems for many years. Yutong future production capacity may exceed 70,000 units, and their market share may also increased to 30% in China.
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