Yutong Bus Co.,Ltd. Posted 479.2 Million Yuan Net Profit in First Half of 2023

Yutong Bus Co.,Ltd. (宇通客车股份有限公司) (600066.SH) reported a net profit of 479.2 million yuan in the first half of 2023, reversing a net loss of 68.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 11.1 billion yuan in revenue, up 34.6% year-on-year.

At the end of the reporting period, it had 29.7 billion yuan in total assets and 16.8 billion yuan in total liabilities, with a liability-to-asset ratio of 56.5%.