King Long Makes Greater Efforts to Develop New Energy Buses
2014-03-27 Source：www.chinabuses.org
Summarize：King Long on evening of 24th disclosed its 2013 annual report, revealing that the company achieved operating income of 20.812 billion yuan, an increase of 8.57%, net profit of 230 million yuan, an increase of 9.48%, with basic earnings per share of 0.52 yuan. The company intends to distribute cash of 2 yuan (including tax) for every 10 shares, 88.52 million yuan in total.
www.chinabuses.org：King Long on evening of 24th disclosed its 2013 annual report, revealing that the company achieved operating income of 20.812 billion yuan, an increase of 8.57%, net profit of 230 million yuan, an increase of 9.48%, with basic earnings per share of 0.52 yuan. The company intends to distribute cash of 2 yuan (including tax) for every 10 shares, 88.52 million yuan in total.
King Long is a manufacturer and seller of large, medium and small buses. In 2013, the company's annual sales of all types of buses are 78,677, an increase of 6.90%. 44,061 are large buses, an increase of 5.65%. The medium buses took up market share of about 25.51%, an increase of 1.67% over the previous year, maintaining a leading market share. Sales of light buses were 34,616, an increase of 8.54%. In 2013, the company continued to accelerate the expansion in overseas markets and strengthen its overseas marketing network, the annual exports reaching 19,837, an increase of 3.81%, with export revenues being 3.956 billion yuan, approximately accounting for operating revenue of 19.6%.
It is worth mentioning that in 2013 the company completed the developing and marketing of a variety of electric, hybrid and plug-in vehicles, 23 of which entered the "recommended directory of energy-saving and new energy vehicle demonstration and application". It completed the independent research and development of the super capacitor manager, super capacitor terminal temperature monitoring system, pure electric bus controller, high-voltage control boxes and other related products.
According to reports, in 2014, the company will focus on enhancing the development of new energy buses and further exploring overseas markets, striving to achieve annual revenue growth of 5%. The company will further promote the formation of strategic partnerships with key component suppliers, while adjusting product structure, and enhancing the development and promotion of highly profitable new products and technology. The company will adapt to the new energy policy and make greater efforts to develop pure electric, plug-in hybrid buses, etc., while developing highway buses, school buses, special buses and other customized products.
From 2011 to 2013, the company dividends were 44.26 million yuan, 66.39 million yuan and 88.52 million yuan, accounting for 17.1%, 31.5% and 38.6% of the net profit attributable to shareholders of the listed company, increasing every year.
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