Sales of Zhongtong Bus Quadrupled in First Quarter
19 April 2010
www.chinabuses.org: Operation revenue of Zhongtong Bus were 1,452,510,000 Yuan (212,666,181 USD) in 2009, down 15.07%; net profits belonging to shareholders were 20,533,000 Yuan (3,006,295 USD), down 23.9%, according to Zhongtong Bus annual report and first quarter report.
Operation revenue of Zhongtong Bus were 400,137,900 Yuan (58,585,344 USD) in the first quarter, up 105.39%; net profits belonging to shareholders were 5,127,000 Yuan (750,658 USD), up 439.12%.
It is learned that Zhongtong has developed sales markets and strengthened inner management to counter impact of the financial crisis. They predict that operation revenue of Zhongtong Bus will be 15,000,000 Yuan (2,196,193 USD) in the first half of 2210.
And they would invest 113,831.57 Yuan (16,666 USD)to import advanced equipment to expand production capacity up to 15,000 energy-saving buses and 50,000 new energy buses and coaches.
Source : www.chinabuses.org
Editor : Eric
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