Net Profits of Yutong in 1st Season up 26%

www.chinabuses.org: Sales revenues of Yutong Bus were 2.948 billion Yuan in the first three months this year, up 25.06%; and its net profits amounted to 177 million Yuan, up 25.59%.

8,078 Yutong buses were sold out in the first season, up 15.2%, and sales of large, medium and light buses increased by 26.0%, 7.4% and 1.8%. The product structure are improving, and 38% of the buses are luxurious coaches.
　　
The sales costs rate were 5.4%, down 0.7% over last year and 0.9% over last season.
 
Administrative expenses rates were 4.5%, up 0.2% over last year and 4.5% over last season, which are mainly due to labor costs and investment on research and development.

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