yutong

Export Data: In the first half of the year, Yutong Bus exported 6,642 large and medium-sized buses (7 meters and above), ranking first in the industry, a year-on-year increase of 13.1%; exports of new energy buses reached 1,654 units, a surge of 54.1%.

Overall Performance: Revenue in the first half of the year was RMB 16.719 billion, a year-on-year increase of 3.65%; net profit excluding non-recurring items was RMB 1.796 billion, a year-on-year increase of 15.83%, setting a new record.

Export Markets: Demand in the African market increased significantly, the electrification process in Europe continued to advance, while demand in the Middle East market declined due to geopolitical conflicts.

Industry Landscape: In the first half of the year, China’s total bus exports reached 41,156 units, a year-on-year increase of 15.64%. Xiamen King Long surpassed Yutong with 8,075 units exported, but Yutong still holds the largest market share in the 7-meter and above large and medium-sized bus segment (22.08%).