Zhengzhou Yutong Bus Co., Ltd. (600066)

Zhengzhou Yutong Bus Co., Ltd. (600066)

Zhengzhou Yutong Bus Co., Ltd. (hereinafter referred to as "Yutong Bus") is a large-scale modern manufacturing enterprise integrating research and development, manufacturing and sales of bus products, with a daily production of more than 360 vehicles. The main factory is located in Yutong Industrial Park, Zhengzhou City, Henan Province, covering an area of 1700 mu, with chassis frame electrophoresis, body electrophoresis, robot spraying and other international advanced bus electrophoresis coating production lines. In 2012, the newly built and put into operation new energy plant covers an area of more than 2000 mu, with a construction area of 600000 square meters and an annual production capacity of 30000 sets[ 1]

On December 9, 2018, Zhengzhou Yutong Bus Co., Ltd. won the Fifth China Industrial award.

Zhengzhou Yutong Bus Co., Ltd. (hereinafter referred to as "Yutong Bus") is a large-scale modern manufacturing enterprise integrating bus product development, manufacturing and sales. The factory is located in Yutong Industrial Park, Zhengzhou City, Henan Province, covering an area of 1700 mu, with a daily output of more than 325 vehicles [6]. It has international advanced bus electrophoretic coating production lines such as chassis and frame electrophoretic coating, body electrophoretic coating and robot spraying. It is the largest single factory in the world and the most advanced large and medium bus production base. Yutong Bus new energy plant, located in Zhengzhou East International Logistics Park, covers an area of more than 2000 mu, with a construction area of 600000 square meters. It will have an annual production capacity of 30000 sets. It is the most advanced new energy bus base in China's bus industry and the largest in the world.

Yutong Bus

Yutong Bus (35 sheets)

Yutong Bus was listed on Shanghai Stock Exchange in 1997 (Stock Code: 600066), which is the first listed company in domestic bus industry. The company's main economic indicators have been growing rapidly for more than ten years in a row, and obtained AAA credit rating of industrial and Commercial Bank of China for more than ten years in a row. Yutong completed 67018 bus sales in 2015, with a year-on-year growth of 9.2%; The total sales volume of new energy buses was 20446, with a year-on-year increase of 176.1%. In the overseas market, Yutong Bus achieved a sales volume of 7018, a year-on-year increase of 7.3%[ 7] In 2015, Yutong achieved an operating revenue of 31.211 billion yuan, a year-on-year increase of 21.31% [8]. Enterprise scale and sales performance continue to rank first in the industry[ 9]

In September 2015, we cooperated with didi express to create an Internet bus ecosystem[ 10]

Yutong Bus

Yutong Bus

Continuous creation of products with comprehensive advantages of quality, service and cost is the source of Yutong Bus's competitive advantage. As of 2011, the company has formed a complete product chain of 145 product series covering road passenger transport, tourism, public transport, group, school bus, special bus and other market segments, including general, medium and high-end grades, and has become a leading brand in China's bus industry.

Yutong Bus takes the lead in successfully implementing CRM customer management system in the industry, and has built a fully functional customer service management platform, providing customers with 24-hour one-stop services such as purchase consultation, service request, parts inquiry and problem feedback. With an investment of 130 million yuan, the company has become the only enterprise in China's bus industry to set up 8 wholly-owned 4S center stations, and has jointly distributed more than 700 after-sales service stations across the country, covering service outlets in county-level cities, reducing the service radius to less than 70 km (except Xinjiang, Tibet and Inner Mongolia), So as to provide better service and maintenance level provides a good guarantee[ 11]

As the first bus brand in China, Yutong Bus has been awarded the best bus manufacturer of the year, the best innovative bus of the year, the best bus safety equipment of the year, the best environmental protection bus of the year and the best passenger car of the year by the world Bus Alliance (BAAV) for many years since 2010. At the same time, the company takes the lead in the domestic bus industry with "China famous brand" and "China famous trademark". In 2006, the company was awarded the title of "national automobile export base enterprise" by the Ministry of Commerce and the national development and Reform Commission. The Yutong Bus (zk6100h and zk6898he) products exported by the company passed the special examination of the General Administration of quality inspection and Quarantine of the people's Republic of China, The company has become the first enterprise in the bus industry to obtain the "import and export commodity inspection exemption certificate"; In July 2008, the company was awarded the first batch of national "innovative enterprise" by the Ministry of science and technology, SASAC of the State Council and all China Federation of trade unions; In December 2010, Yutong Bus became the only enterprise in the bus industry to be selected as the "2010 China brand of the year" and won the honorary title of "China pride" in the "2010 China brand of the year" activity jointly sponsored by the State Administration for Industry and commerce, the State Administration of quality supervision, inspection and quarantine, and CCTV. In 2012, the company once again won the 427th place of "2012 top 500 Chinese enterprises", and continued to lead China's bus industry. On January 8, 2016, at the national science and technology award Conference [12-13], Yutong Bus won the second prize of national science and Technology Progress Award [12-13] for its key technology research and development and industrialization of energy saving and new energy bus, becoming the first vehicle enterprise in the automobile industry to win the award for leading new energy projects [12]. Ranked 176th in Fortune 500 [14].

While consolidating and enhancing the domestic market share and brand status, the company actively develops overseas business and represents China bus to the world. In recent years, Yutong Bus has been exported to Cuba, Venezuela, Russia, Iran, Saudi Arabia and other overseas markets. On the basis of ensuring product quality and overseas service guarantee, through long-term strategic layout, Yutong Bus has obtained the wvta vehicle certification of the European Union and started to enter the European and American markets. As of 2011, it has been sold in France, Norway, Israel, Macedonian and other countries, and successfully entered the U.S. market in 2012.

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