Is Yutong a state-owned enterprise or a private enterprise?

Yutong is a private enterprise. Yutong bus used to be a state-owned bus factory, but later it was transformed into a private enterprise, and Yutong Group, the controlling shareholder, was also transformed. ? Yutong company is a rare private enterprise in the bus industry, and its management efficiency is obviously better than that of many state-owned bus companies. With the continuous growth of performance, Yutong's performance has greatly surpassed that of its peers. Yutong Bus Annual Report shows that up to now, Yutong Group directly holds 37. 19% equity of Yutong Bus, and Yutong Group holds 4 1. 14% equity of Yutong Bus.

Overview of Yutong Group:

Zhengzhou yutong Group Co., Ltd. is an enterprise group focusing on buses, construction machinery, sanitation and other commercial vehicles, and its headquarters is located in Zhengzhou, China. Yutong Bus, the core business of the Group, is a leading enterprise in China bus industry and the first listed company in the industry (SH.600066). It integrates R&D, manufacturing and sales of bus products, and the products mainly serve the market segments such as public transport, passenger transport, tourism, groups, school buses and special cars.

Up to now, Yutong has exported more than 75,000 buses and sold new energy buses150,000. At present, it has achieved a global layout, and its products have been exported to more than 40 countries and regions around the world in batches, covering six major regions including Europe, America, Africa, Asia-Pacific, Middle East and CIS, becoming the mainstream bus supplier in the world.