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Position:news > buses > Zhongtong’s Sales Revenue Jumped by Nearly 50% in the First Three Quarters

Zhongtong’s Sales Revenue Jumped by Nearly 50% in the First Three Quarters

2016-10-13    Author:    Source:www.chinabuses.org
Summarize:According to the bus maker’s latest business report, Zhongtong’s net profits attributable to its listed shareholders in the first three quarters stood at 450-460 million RMB, up by 139%-144% compared with that in the previous year, which registered at 189 million RMB. In the third quarter this year, Zhongtong’s net profits attributable to listed shareholders are expected to reach 160-170 million RMB, up by 14%-21% year on year.

www.chinabuses.org: In September, Zhongtong produced 1,799 units buses and sold 1,411 units. And the company’s sales revenue reached 710 million RMB. In the first three quarters, Zhongtong rolled out 12,169 units buses and sold 11,699 units. Its sales volume in the first nine months this year grew by 15.64% year on year. Its sales revenue from January to September totaled 6.82 billion RMB, up by 48.76% year on year. 

Zhongtong’s Sales Revenue Jumped by Nearly 50% in the First Three Quarters
Zhongtong new energy buses


According to the bus maker’s latest business report, Zhongtong’s net profits attributable to its listed shareholders in the first three quarters stood at 450-460 million RMB, up by 139%-144% compared with that in the previous year, which registered at 189 million RMB. In the third quarter this year, Zhongtong’s net profits attributable to listed shareholders are expected to reach 160-170 million RMB, up by 14%-21% year on year.


Statistics show that the combines sales volume of the 50 bus makers in China from January to August this year stood at 135,245 units, down by 1.54% year on year. Against such a backdrop, Zhongtong further solidified its position in China’s bus industry. It is also worth mentioning that since November 2014, Zhongtong has maintained a two-digit growth in its sales revenue for 23 consecutive months.

Zhongtong’s Sales Revenue Jumped by Nearly 50% in the First Three Quarters
Zhongtong new production base


In 2016, Zhongtong maintained a fast growing momentum. In the first nine months, the company’s sales volume of new energy buses reached nearly 9,000 units, accounting for 70% of its total sales volume. In addition, its sales of new energy buses made up 17.4% of the total new energy bus sales, ranking the second place among all other brands. 


Along with the operation of its new production base, Zhongtong is expected to further increase its production capacity. With increased sales revenue and improved profit margin, Zhongtong will continue to grasp business opportunities and make relentless efforts to maintain its fast growing momentum.     

Editor:ida

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