The joy of the Lunar New Year has not been dispersed, and the capital market has ushered in the intensive period of disclosure of the annual report. As China's auto market has reunited with the world's largest auto market in 2010, the annual report of auto listed companies has also become the focus of the market.

Today, Yutong Bus disclosed the first annual report of the automotive industry. In 2010, the company's operating income reached 13.489 billion yuan, up 53.48% year-on-year; net profit attributable to shareholders of listed companies was 860 million yuan, an increase of 52.56% year-on-year; and The cash flow from operating activities was 1.318 billion yuan, an increase of up to 1,706.41%.

The announcement shows that the actual distributable profit in 2010 was 1.132 billion yuan. The company intends to distribute a cash dividend of RMB 3 (including tax) for every 10 shares, and a total of RMB 160 million will be distributed.

This is also Yutong Bus's dividend distribution for eight consecutive years since 2003.

The sales growth of overseas sales is more than double. Brokerage analysts pointed out that the average profit growth rate of the bus industry in 2010 was about 60%, and the growth of Yutong Bus was basically in line with the industry average. However, the year of the bus industry in 2011 will not be as good as in 2010. It is expected that the average profit growth rate of the industry will be around 25%, and the market share will increase by about 12%.

Although the company did not indicate how it would respond to the domestic market that may change its face, it is worth noting that Yutong Bus, which has been committed to exploring overseas markets, achieved sales revenue of 934,665,337.82 yuan in 2010 from overseas markets. An increase of 214.61%.

2.5 billion investment in new energy buses Although Yutong’s currency funds were 917,788,361.10 as of the end of the reporting period, according to the previously determined business plan, the company still needed to make many changes in the capital market in 2011.

As the company will newly acquire land in the surrounding areas of Yutong Industrial Park, it will increase the annual production of 20,000 passenger car technological transformation projects. In 2011, the planned expenditure for land acquisition projects will reach 655 million yuan. At the same time, the planned investment for the first phase of the special vehicle production capacity increase program for special-purpose vehicle branches will be 535 million yuan. The company stated that the funds required for this part of the investment are to be settled through self-raising or bank loans.

According to the “Company Allotment Plan” recently passed by the company’s shareholders’ meeting, Yutong Bus will raise funds not exceeding RMB 2.5 billion through share allotment this year and invest in energy-saving and new energy bus production base projects. According to the company, before the funds are raised, the company will invest in the funds based on the actual situation of the project progress, and will replace the funds after the fund is raised.