Zhongtong Bus reports strong H1 2025 earnings growth

Zhongtong Bus Holding Co., Ltd. reported a 43.02% increase in operating revenue to 3.94 bn yuan and a 71.61% rise in net profit attributable to shareholders to 190.39 m yuan for H1 2025. This growth was attributed to adjustments in product and sales structure, as well as an increase in export and domestic income. The company's total assets also grew by 11.81% to 9.13 bn yuan.

Concurrently, Zhongtong Bus announced a change in its controlling shareholder to China National Heavy Duty Truck Group Co., Ltd. effective March 7, 2025. The company also plans to hold its second extraordinary general meeting on September 12, 2025, to approve amendments to its Articles of Association, including changes to its business scope, and the Rules of Procedure for the General Meeting and Board of Directors.

A risk assessment report for Shandong Heavy Industry Group Finance Co., Ltd., a related party, indicated a sound risk management system and ample capital, with a capital adequacy ratio of 36.90% as of June 30, 2025. The finance company's registered capital was increased to 400 m yuan from 160 m yuan in H1 2025.