Net Profits of Yutong Bus up 52.56% in 2010
2011-02-25 Source：www.chinabuses.org
www.chinabuses.org:
Yutong Bus released their annual report on Feb. 24th, their operation revenues amounted to 13.47 billion Yuan, up 53.48%; net profits for the listed company shareholders were 0.86 billion Yuan, up 52.56%. And their cash flows were 0.13 billion Yuan, up 1,706.41%.
Yutong Bus developed fast and steady in 2010. Their daily production capability are 185 units, and they became the first domestic bus builders with annual output exceeding 40,000 units, being the biggest China bus manufacturers in China for the eighth consecutive years, and Yutong is also the world biggest bus production base withy mature and advanced technology.
According to Yutong Allotment of Shares passed recently, Yutong will raise no more than 2.5 billion Yuan by allotting shares to invest energy-saving and new energy buses. This year is the first year for China the twelfth five-year plan, and central government will support public transport and new energy industry, and this is also an opportunity for new energy buses.
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