Shuguang Auto:Bus Business make Contribution

23/02/2005

Shuguang share realize the income from main business 2.69 billion yuan in 2004, increased by 21.78% compared with the same period of last year. The net profit up to 111.47 million yuan, over 18.79% than the same period of last year. The earning of per share (EPS) is 0.69 yuan.


Shuguang share realize the output and sales volume of axle, SUV and passenger bus 312000, 9669 and 5325 respectively. The main business income and the net profit increased about 20%.

As development of China road network and the acceleration of urbanization process, highway traffic, travel and public transit will keep the fast growth, all the conditions afford a huge market space for large and medium bus. Including the police which the government revitalizing the northeast industrial basement, Shuguang has a good opportunity.