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On July 10th, Zhongtong released its interim report that up to June 30th, the net profits had reached CNY 42-46 million, increasing by 50%-80%. Facing the negative growth of coach market in Q1, General Manager of Zhongtong Sun Qingmin attributed the good performance of the company to new-energy bus business while talking with the reporter of .
Mr. Sun used to stressed in the Board of Directors that new-energy bus was the very chance for Zhongtong to be the best bus manufacturer.
In 2012, Zhongtong ranked No.2 with sales of over 800 new-energy buses; at the end of 2012, Zhongtong became one of the three subsidized bus manufacturers encountering another 61 competitors. In the first half of 2013, sales of Zhongtong hybrid buses outnumbered the total in 2012.
Instead of being content with status quo, Zhongtong focuses on how to accelerate its business. "We have no time for celebration," said Mr. Sun "Our aim is top six in global industry and we want to make leading brand of new-energy buses."
Furthermore, Zhongtong will relocate in its 1,455-mu new plant worthy of CNY 1.138 billion with annual capacity of 30,000 new-energy buses.