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Yutong Bus (600066) May Sales Commentary: Both overall exports and new energy vehicle exports surged year-over-year and month-over-month in May; strong export momentum expected to continue into June amid quarter-end ramp-up
The company released its bus sales figures for May 2026. Yutong sold 3,480 buses in May, up 14.0% year-over-year but down 7.3% month-over-month, including 2,728 large and medium-sized buses, which rose 9.1% year-over-year and 3.5% month-over-month.
Yutong Bus (600066.SH): May sales volume increased by 13.99% year-on-year
Yutong Bus (600066.SH) announced that its sales volume in May 2026 was 3,480 units, an increase of 13.99% year-on-year; cumulative sales for the year to date reached 14,887 units, a decrease of 3.34% year-on-year.
Yutong Bus (600066) Q1 2026 Commentary: Earnings in Line with Expectations, Improved Sales Mix, Gross Margin and Operating Profit Surge Year-over-Year
The company released its Q1 2026 earnings report, reporting revenue of RMB 5.91 billion, down 7.9% year-over-year and 60.8% quarter-over-quarter; net profit attributable to shareholders of the listed company was RMB 660 million, down 1% year-over-year.
CSC Financial: Sales volume recovers month-over-month, new energy remains at a high level; actively position in high-end recovery and physical AI catalysts.
Improvements in market sentiment and liquidity are expected to further strengthen the upward trend.
Guohai Securities: Maintains "Overweight" rating on the commercial vehicle sector; domestic bus sales expected to continue recovering in 2026.
Based on the low historical position of domestic demand and the force of mean reversion, as well as the prosperity of heavy truck exports in non-Russian regions, the bank expects that wholesale heavy truck sales will achieve positive growth in 2026. Considering that the National V emission standard vehicles are about to enter the replacement cycle, heavy truck sales are expected to continue upward in 2027 and beyond.