Yutong Bus released its 2026 half-year report, with first-half recurring net profit attributable to the parent at 1.8 billion yuan, up 15.8% year-on-year. The company's operating revenue was 16.72 billion yuan, up 3.7% year-on-year; net profit attributable to the parent was 1.87 billion yuan, down 3.5% year-on-year; net operating cash flow was 5.949 billion yuan, up 247.0% year-on-year. Among these, second-quarter recurring net profit attributable to the parent was 1.19 billion yuan, up 30.9% year-on-year. The company stated that highway market demand declined year-on-year due to adjustments in the new energy vehicle purchase tax policy and poor customer operations, but the public transit market improved, driven by the continuation of the trade-in policy and batch purchases in first- and second-tier cities. Exports showed overall improvement, with the industry's large and medium-sized bus export volume up 18.45% year-on-year and new energy bus export volume up 29.77% year-on-year. The company maintained its top position in the industry for production and sales of large and medium-sized buses.
Zhengzhou Yutong Bus Co LtdRecurring net profit up 15.8% and strong cash flow, though reported net profit down 3.5%
