Zhongtong Bus's third-quarter performance was outstanding, with export growth driving a sharp increase in profits

Zhongtong Bus performed well in the third quarter of 2024, achieving operating income of 1.48 billion yuan, a year-on-year increase of 30.8% and a month-on-month increase of 0.3%. Net profit attributable to the parent reached 80 million yuan, a year-on-year increase of 283.0% and a month-on-month increase of 23.0%. This is due to its substantial sales growth and the optimization of its export structure. In the third quarter, the company's sales reached 2,838 vehicles, a year-on-year increase of 37.6% and a month-on-month decrease of 11.0%. Among them, 2,629 large and medium-sized buses were sold, accounting for 92.6%, and more than 640 new energy models accounted for 22.8% month-on-month. In addition, the company achieved a large number of orders for new energy exports in September, which increased the number of new energy exports in the third quarter to about 230 vehicles, an increase of nearly 190 vehicles month-on-month.