Yutong Group, one
of China's leading bus manufacturers, has reported strong growth
in production and sales in the first three quarters of this year.
Sales of Yutong buses exceeded 14,319 units in the
nine-month period, a year-on-year increase of 74 percent, the
company said.
Meanwhile, its sales volume hit about 4.2 billion
yuan (US$507.1 million), up 53 percent over the year-earlier period
and almost reaching the total sales volume for the whole year
of 2003.
In addition, the group's machinery arm sold about
2,000 units of engineering equipment worth a total of 500 million
yuan.
Despite a slowing growth in the country's automobile
industry, Yutong had enjoyed rapid development this year, the
company said.
According to the latest statistics, the country's
total output of bus dropped to 208,700 units in the first three
quarters, down 1.52 percent from the same period last year, while
its sales dipped 2.07 percent to 207,100 units.
Yutong is based in Luoyang City, central China's
Henan Province. Since 1993, it has maintained an average annual
growth of more than 50 percent.
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