Zhongtong Bus's 2010 Net Profit Increases 93% YoY

Zhongtong Bus disclosed its annual report on Tuesday evening. The company achieved a net profit of RMB 39,566,600 in 2010, an increase of 92.7% year-on-year, and an EPS of RMB 0.17.

In 2010, the companyâ€™s operating income was 2.008 billion yuan, an increase of 38.21% year-on-year.

During the reporting period, the company produced a total of 8,741 passenger cars and 8,907 passenger cars, an increase of 21.5% and 23.6% year-on-year respectively. Among them, 216 vehicles were signed by New Energy Bus and the contract amount was 192 million yuan.

In 2011, the company plans to sell 10,000 passenger cars and realize sales revenue of 2.8 billion yuan.

The company plans to distribute a cash dividend of RMB 0.5 (tax included) for every 10 shares.

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