{"id":66039,"date":"2022-01-20T12:50:34","date_gmt":"2022-01-20T12:50:34","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=85553"},"modified":"2022-01-20T12:50:34","modified_gmt":"2022-01-20T12:50:34","slug":"yutong-bus-shows-steady-growth-with-expected-net-profit-to-grow-us7-87-million-to-23-61-million-for-2021-a-10-to-30-yoy-increase","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/yutong-bus-shows-steady-growth-with-expected-net-profit-to-grow-us7-87-million-to-23-61-million-for-2021-a-10-to-30-yoy-increase\/","title":{"rendered":"Yutong Bus Shows Steady Growth with Expected Net Profit to Grow US$7.87 Million to $23.61 Million for 2021, A 10% to 30% YoY Increase"},"content":{"rendered":"
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ZHENGZHOU, China, Jan. 20, 2022 \/PRNewswire\/ —\u00a0Yutong Bus Co., Ltd. (“Yutong”, SHA: 600066), a world leading commercial vehicle manufacturer, has bucked China’s bus market trend by completing its self-challenge achievement of 0.17% revenue growth for 2021. The company made 42,065 buses last year, a slight 0.2% increase from the previous year, while bus sales reached 41,828 recording a 0.17% YoY increase, with 2021 net profit predicted to grow US$ 7.87 million to $23.61 million.<\/p>\n<\/div>\n

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Compared with 2020, the global bus industry is experiencing a slow recovery with the overall business performance of major bus companies in China remaining fatigued and weak. Under these difficult circumstances, Yutong has consistently held the top spot in the industry, driving the market forward and pushing innovation.<\/p>\n

In 2021, Yutong has made significant breakthroughs in the fields of\u00a0intelligent connectivity<\/b>,\u00a0autonomous driving<\/b>,\u00a0fuel cell technology<\/b>, and\u00a0new material applications<\/b>. Yutong reached several milestones along its path of providing an improved public travel experience including:<\/p>\n