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Yutong Bus sees 36% rise in 2011 net profit

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.

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