Yutong Bus reports August sales growth, outlines intercompany guarantees

Zhengzhou Yutong Bus Co., Ltd. announced its August 2025 production and sales data, reporting a total of 4,260 units sold, a 16.78% increase year-on-year. Cumulative sales for the year reached 28,800 units, up 4.51%. Production volumes for August stood at 4,165 units, a slight decrease of 0.57% from the previous year, while year-to-date production rose 4.91% to 29,427 units. Notably, light-duty bus sales saw a significant jump of 22.74% year-on-year in August, reaching 637 units, with year-to-date sales surging by 61.28%.

The company also disclosed its progress on guarantee plans, with new intercompany guarantees totaling 57,195.05 million yuan in August 2025 for its wholly-owned subsidiaries, including Yutong Hong Kong and Yutong Mexico. Additionally, phase-based guarantees for homebuyers amounted to 380.80 million yuan. The cumulative outstanding balance of guarantees for subsidiaries and sales chain-related enterprises as of August 31, 2025, is 2.848 billion yuan, representing 21.21% of the company's latest audited net assets.

These guarantees align with the company’s normal production and operational needs, and no overdue guarantees or guarantees provided to controlling shareholders, actual controllers, or their related parties were reported. These guarantee provisions were approved at the company's annual general meeting on April 25, 2025.