Gasgoo.com (Shanghai August 22) - Zhengzhou-based Yutong Group announced that its net profit for the first half of the year totaled 590 million yuan ($93.17m), money.163.com reported today. The figure, which came from its latest performance review, represents year-on-year growth of 34.34 percent for Yutong. The bus and coach manufacturer reported a total income of 8.29 billion yuan ($1.31b) over the first six months of the year, 27.11 percent more than what it earned in the first half of 2011.
Yutong's stock was valued at 0.92 yuan ($0.1453) over the first half of the year, growing 20.45 percent from 2011.
Yutong manufactured a total of 21,461 buses over the six month period, while its buses sales reached 21,718 units. The figures represented positive year-on-year growth of 23.28 percent and 18.24 percent, respectively. Domestic sales brought in 6.38 billion yuan ($1.01b) in revenue, growing 12.3 percent from the previous year. Export sales, meanwhile, brought in 1.54 billion yuan ($243.2m), a full 176.36 percent more than last year.
