Zhongtong Bus's 2010 Net Profit Increases 93% YoY

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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 company’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.

Zhongtong Bus's 2010 Net Profit Increases 93% YoY

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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