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Is Yutong Bus a state-owned enterprise or a private enterprise?

Yutong is one of the few private enterprises in the bus industry. Its management efficiency is significantly better than that of many state-owned bus companies. With its continuous growth in performance, it has significantly outperformed its peers.

Yutong special vehicles fully apply digital development technology to realize integrated customization of products from design, three-dimensional modeling, research and development to production, covering RVs, high-end commercial vehicles, medical vehicles, ambulances, refrigerated trucks, and inspection vehicles. There are 11 product categories including automobiles, exhibition vehicles, passenger-modified commercial vehicles, coach vehicles, sightseeing vehicles, and engineering vehicles.

It has been 21 years since Yutong Bus was listed on the Shanghai Stock Exchange in 1997:

In the 20 years from 1997 to 2016, net profit increased 93 times. Especially since 2010, affected by the new energy vehicle subsidy policy, the company's net profit has grown even more rapidly.

While achieving a significant increase in profitability with the help of policy dividends, Yutong Bus has implemented cash dividends aggressively. In the past five years (no dividends have been distributed in 2018), the cumulative dividends have been close to 60% of the cumulative net profit.

According to the equity structure of Yutong Bus, Yutong Group directly and indirectly holds 41.14% of the equity of Yutong Bus.

Reference for the above content: Introduction to Yutong-Yutong Bus