Mar. 27, 2012 (China Knowledge) - Zhengzhou
Yutong Bus Co Ltd<600066
>, which is mainly engaged in the manufacture and sale of coaches, announced yesterday that its net profit grew 36% year on year to RMB 1.18 billion last year.
Basic earnings per share were RMB 2.27 in 2011, and the coach maker proposed a final dividend of RMB 3 per ten shares.
The company realized RMB 16.93 billion in operating revenue last year, 24.36% more than in the previous year. The coach business generated RMB 16.16 billion of revenue in the period, reflecting a growth of 23.95% year on year.
Sales in the domestic market rose 21.49% year on year to RMB 14.56 billion last year, and sales in the overseas market experienced a sharp increase of 57.39% year on year, hitting RMB 1.69 billion.
The company saw its output and sales of coaches reach 45,895 and 46,688 units in 2011, up 9.55% and 9.55% year on year, respectively.Zhengzhou
Yutong Bus aims to realize RMB 17.8 billion of revenue this year.