Yutong Bus's revenue in 2024 was 37.2 billion yuan, with overseas markets accounting for 46%

　　On April 1st, Yutong Bus disclosed its 2024 annual report. In 2024, the company achieved a total operating revenue of 37.218 billion yuan, representing a year-on-year growth of 37.63%. The net profit attributable to the parent company was 4.116 billion yuan, increasing by 126.53% year-on-year. The non-GAAP net profit was 3.469 billion yuan, increasing by 145.21% year-on-year. The net cash flow generated from operating activities was 7.211 billion yuan, representing a year-on-year increase of 52.87%.

　　From a financial perspective, the profitability of Yutong Bus has significantly increased. Although the gross profit margin fluctuated slightly, it remained stable overall, indicating that the company has certain advantages in cost control and product pricing. Meanwhile, multiple financial indicators performed outstandingly. The basic earnings per share rose from 0.82 yuan per share in 2023 to 1.86 yuan per share, and the weighted average return on net assets increased from 12.97% to 30.94%. This indicates that the company's ability to generate profits from assets has significantly improved, creating more value for shareholders.

　　From the perspective of profit composition, the significant increase in export sales in overseas markets, along with the recovery of the domestic tourism market and the boost in domestic sales driven by the policy of new energy public transportation, have jointly contributed to the growth in profits. The revenue from overseas markets accounted for 46.08%, becoming an important profit growth point for the company. On the other hand, the domestic tourism industry has shifted from recovery to a new stage of prosperous development, driving the continuous growth of tourism passenger transport demand. Meanwhile, with the implementation of policies such as the "trade-in for new" of new energy buses, the demand for public transportation has recovered rapidly. Benefiting from this, the domestic sales volume of the company has increased.

　　The announcement disclosed that Yutong Bus achieved a total of 46,918 bus sales in 2024, representing a year-on-year increase of 28.48%. During the reporting period, the company incurred research and development expenditures of 1.788 billion yuan, accounting for 4.80% of its operating income, which was at a relatively high level in the same industry.