Recently, Yutong Bus announced its 2024 semi-annual report, achieving operating income of 16.336 billion yuan in the first half of the year, a year-on-year increase of 46.99%; net profit attributable to shareholders of listed companies was 1.674 billion yuan, a year-on-year increase of 255.84%.
Yutong Bus said in the announcement that during the reporting period, Yutong Bus export sales achieved a substantial increase. The proportion of the company's export business increased, the sales structure improved, and the performance contribution increased. At the same time, benefiting from the continuous improvement of the tourism industry, the demand for tourist passenger transport continued to recover, and the company's domestic sales volume increased.
Data show that in the first half of the year, Yutong Bus achieved a total of 20,555 passenger car sales, an increase of 35.82% year-on-year. Focusing on overseas markets, as of the end of the reporting period, Yutong Bus has exported more than 100,000 buses of various types, and its products are exported to Chile, Mexico, the Philippines, Australia and other countries and regions. In the main target market, the company has become one of the mainstream bus suppliers. In the field of new energy buses, the company has exported more than 6,000 new energy buses, and has formed batch sales and achieved good operation in more than 40 countries and regions such as Qatar, Mexico and United Kingdom.
At the same time, Yutong Bus has more than 330 authorized service stations or service companies and more than 410 authorized service outlets in overseas markets, with an average service radius of 150 kilometers, covering all overseas target markets.
In addition, from the perspective of R&D investment, the company's R&D expenditure in the first half of this year was 740 million yuan, accounting for 4.53% of revenue, mainly invested in the research and application of new technologies including the second-generation electrified chassis, intelligent cockpit, and intelligent networking.