Yutong's 1Q 2018 Net Income Dropped 7% on Weak NEV Pricing; FVE Maintained at CNY 24.5
Narrow-moat Zhengzhou Yutong Group’s, or Yutong's, nearly 7% year-on-year first-quarter net earnings decline to CNY 290 million trailed our expectation on persistent weakness in new energy vehicle pricing, while the 20% year-on-year top-line growth to CNY 4.7 billion was as expected. We reaffirm our view that new energy vehicle pricing will normalize in the coming quarters once vendors adjust to the new subsidy policy, and Yutong should be able to realize 15% year-on-year net income growth in 20...ZHENGZHOU YUTONG BUS CO.,LTD. is a China-based company principally engaged in the research and development, manufacture and sale of passenger car products. The main products of the Company consist of urban buses, seat coaches, school coaches and other types of passenger cars. The Company also provides ground passenger transportation services. The Company distributes its products within domestic markets and to overseas markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.