(Shanghai April 23, 2012) – Henan-based bus manufacturer Zhengzhou Yutong Group sold a total of 10,168 vehicles in the first quarter of the year, the Zhengzhou Daily reported today. The sales figure represents year-on-year growth of 25.87 percent for Yutong, which was the only domestic bus manufacturer to sell over 10,000 vehicles in the three month time period.
Export sales were crucial to Yutong’s strong performance. Yutong exports totaled 1,531 units last quarter, bringing in 1.01 billion yuan ($160.96m) for the manufacturer. Exports accounted for 15.06 percent of Yutong’s quarterly sales volume.
Yutong has also benefited from new national regulations regarding school buses in China. The manufacturer sold a total of 2,231 school buses (pictured) from January to March, constituting 21.94 percent of its total sales.
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Chinese bus maker Yutong reports net profit of 590m yuan over first half of 2012 Zhengzhou-based Yutong Group announced that its net profit for the first half of the year totaled 590 million yuan ($93.17m), money.163.com reported today. The figure, which came from its latest performance review, represents year-on-year growth of 34.34 percent for Yutong. The bus and coach manufacturer reported a total income of 8.29 billion yuan ($1.31b) over the first six months of the year, 27.11 percent more than what it earned in the first half of 2011. Yutong’s stock was valued at 0.92 yuan ($0.1453) over the… Read more »