Yutong 2013 Stock Incentive Compensation Sales Exceed Targets
2014-03-28 Source：www.chinabuses.org
Summarize：Yutong Bus (600066.SH) on March 25th disclosed its 2013 annual report, which showed that the operating income of Yutong in 2013 was 22.09 billion yuan, an increase of 11.8%; net profit 1.82 billion yuan, an increase of 17.6%, exceeding its stock incentive compensation sales targets.
www.chinabuses.org：Yutong Bus (600066.SH) on March 25th disclosed its 2013 annual report, which showed that the operating income of Yutong in 2013 was 22.09 billion yuan, an increase of 11.8%; net profit 1.82 billion yuan, an increase of 17.6%, exceeding its stock incentive compensation sales targets.
According to annual data Yutong Bus, in 2013, its revenue increased by 30.49% compared with 2011, net profit 54.27%, substantially more than 23% of the equity incentive compensation.
In 2013, total sales of all kinds of Yutong buses reached 56,068 vehicles, an increase of 8.47%. Coaches are sold about 28,000, declined by 5.3%; buses 18,000, increased by 48.8%.
Concerning clean energy and new energy buses, Yutong Bus sold about 9,000 gas buses in 2013, an increase of 43 %. The total sales of new energy buses are 3897, an increase of 117.6%. Some analysts say that the 2014 sales of Yutong new energy buses are expected to exceed 8000.
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