Annual turnover of Yutong Group exceeds 33b yuan
The annual commendation ceremony of Yutong Group was held at the Provincial Art Center, Zhengzhou on January 26 to celebrate the annual turnover of Yutong Group exceed 33 billion yuan and commend the outstanding teams and individuals emerged in 2013. The municipal leaders of Zhengzhou were also present at the ceremony.
During the ceremony, Tang Yuxiang, president of Yutong Group, briefly introduced the operating performance of Yutong Group in 2013 and the overall operating ideas and key works in 2014. In 2013, despite the international economic downturn and declining growth rate of domestic economy in China, the operating performance of Yutong Group hit record high in 2013 due to the endeavor and perseverance of Yutong people.
The Yutong Group totally delivered 60,010 units of buses and construction machinery, up 8.2% year-on-year, among which 56,068 units are buses and coaches, an 8.47% increase compare to the last year. The turnover of Yutong Group reached 33.058 billion yuan, a rise of 9.1% increase than the previous year. The comprehensive management level, operational management capability and staff status of Yutong Group have been increasing continually, and its core competitiveness and the ability against risks are also improved. The Yutong Group keeps a sustained, healthy and stable development trend.
Different strategies are being implemented and industrial layout is being carried out steadily: the Yutong bus sector has begun to implement the strategic planning according to the Five Main Guidelines, firstly transforming to the industrialization; Yutong Heavy Industries has determined the strategic direction of becoming larger and stronger; Lvdu real estate company adjusted its strategy, focusing on "development, speed, efficiency, effectiveness". The construction of Yutong Finance Building and new plant of Zhengzhou Jingyida Auto Parts Co., Ltd., as well as the relocation of Yutong Heavy Industries, marks that the magnificent and clear blueprint is turning into reality gradually. Based on the achievements in the last year, Yutong expects to make great progress in the coming year.