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Yutong operation revenues in the first three quarters are 9.131 billion RMB, up 56.57%, and the net profits are 546 million RMB, up 61.81%.
Yutong sales of medium and large buses were increasing steadily this year. Rely on their leading brand influence and markets sensibility, their growth speed was much faster than China bus industry. 28,179 buses were purchased till September, up 49.61%, whereas 111,157 buses were sold in total, up 26.23% in China bus industry. And their market share has increased to 25.35% till now.
Yutong has the strongest profitability among China medium and large bus manufacturers. Their rate of margin kept steady since 2010, Yutong rate of margin were 17.38% in the third quarter, up 0.61% over the second quarter.