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Express News | Yutong Bus: Net profit of 657 million yuan in the first quarter increased 445% year-on-year
In the first quarter, China exported a total of 1,1906 large, medium and light buses, achieving a sharp increase of 58.89% over the same period last year
Zhongtong jumped to the top two
Dongwu Securities released a research report on April 23 stating that it gave Yutong Bus (600066.SH) a purchase rating. The main reasons for the rating include: 1) the best overseas travel model, how can domestic leaders go global; 2) the last round cycle
Dongwu Securities released a research report on April 23 stating that it gave Yutong Bus (600066.SH) a purchase rating. The main reasons for the rating include: 1) the best overseas travel model, how can domestic leaders go global; 2) the last round cycle: in 2012-2016, Yutong used domestic NEV dividends to stabilize its leading position in the country; 3) In this big cycle: 2020-2027E, Yutong will achieve a leading position in the world by using overseas new energy promotion dividends. (Mainichi Keizai Shimbun)
Yutong Bus (600066): Inheriting excellent genes to become the world leader
Key investment points The best overseas model, how can domestic leaders go global? Looking back at 2023, Yutong achieved resonance growth in the three dimensions of export sales/performance/market value, and the market experienced a new round of revaluation of Yutong. Yutong provided it to us
Yutong Bus (600066): Going overseas opens up new space for growth, high dividends highlight investment value
A new upward cycle of the industry has begun, and going overseas opens up new space for Yutong's growth. Large and medium-sized buses experienced 6 consecutive years of decline in sales. The industry rebounded steadily in 2023. The recovery in domestic sales combined with a high export growth rate began, starting a new cycle for the Chinese bus industry
Yutong Bus's revenue increased 24.05% year-on-year last year, but the capacity utilization rate was less than 60%
Yutong Bus expects revenue of 2024 to be 32.9 billion yuan, up 21.6% from actual revenue in 2023.
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