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Yutong Bus (600066) investor relations material
Yutong Bus Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was RMB 5.91 billion, down 7.92% year-over-year.
Net profit attributable to shareholders was RMB 659 million, a decrease of 12.69% year-over-year.
Operating cash flow surged 146.51% year-over-year to RMB 3.49 billion.
Financial highlights
Gross profit margin declined as cost of sales remained high relative to revenue.
Basic and diluted EPS were both RMB 0.30, down from RMB 0.34 in Q1 2025.
Total assets increased 2.60% from year-end 2025 to RMB 33.85 billion.
Shareholders’ equity rose 3.99% to RMB 16.23 billion compared to year-end 2025.
Outlook and guidance
No explicit forward-looking guidance provided, but strong cash flow positions the company for future investments.
- Net profit jumped 34.94% on strong overseas and new energy bus sales, with a 99.65% payout ratio.600066
Q4 202531 Mar 2026 - Net profit jumped 255.84% on 46.99% revenue growth, led by robust domestic and export sales.600066
H1 202417 Dec 2025 - Net profit more than doubled on strong sales and robust new energy vehicle growth.600066
H2 202417 Dec 2025 - Net profit rose 15.64% year-over-year to RMB 1.94 billion on stable industry leadership.600066
Q2 202517 Dec 2025 - Q3 2025 saw strong profit and revenue growth, but operating cash flow fell sharply.600066
Q3 202529 Oct 2025 - Net profit grew 14.91% year-over-year to ¥755 million, while revenue fell 3%.600066
Q1 202510 Sep 2025 - Net profit jumped 131% year-over-year on strong sales, despite lower operating cash flow.600066
Q3 202413 Jun 2025
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