Financial Performance - The company's operating revenue for 2024 reached RMB 3,721,758.66 million, an increase of 37.63% compared to RMB 2,704,198.95 million in 2023[23] - The net profit attributable to shareholders for 2024 was RMB 411,619.44 million, representing a significant increase of 126.53% from RMB 181,708.42 million in 2023[23] - The net profit after deducting non-recurring gains and losses was RMB 346,861.31 million, up 145.21% from RMB 141,452.80 million in 2023[23] - The net cash flow from operating activities for 2024 was RMB 721,059.03 million, an increase of 52.87% compared to RMB 471,669.77 million in 2023[23] - The total assets at the end of 2024 were RMB 3,215,089.45 million, a 4.19% increase from RMB 3,085,695.60 million at the end of 2023[23] - The net assets attributable to shareholders at the end of 2024 were RMB 1,342,377.51 million, a decrease of 3.56% from RMB 1,391,897.07 million at the end of 2023[23] - The basic earnings per share for 2024 were RMB 1.86, a 126.53% increase from RMB 0.82 in 2023[24] - The diluted earnings per share for 2024 were also RMB 1.86, reflecting the same growth rate of 126.53% compared to 2023[24] - The weighted average return on equity for 2024 was 30.94%, an increase of 17.97 percentage points from 12.97% in 2023[24] Sales and Market Performance - In 2024, the company achieved total sales of 46,918 buses, representing a year-on-year increase of 28.48%[30] - The total sales volume of the large and medium-sized bus market in 2024 reached 115,471 units, representing a 31.33% increase from 87,926 units in 2023[86] - The sales of seat buses in 2024 were 58,966 units, accounting for 51.07% of the total market, with a growth of 34.59% compared to 43,813 units in 2023[86] - The domestic sales of large and medium-sized seat buses reached 36,311 units in 2024, a year-on-year increase of 24.34%[90] - The export volume of large and medium-sized buses increased by 36.91% year-on-year, driven by rising demand for new energy buses in overseas markets[31] - The company exported over 110,000 buses, with more than 7,000 being new energy buses, establishing a strong presence in over 40 countries[65] Research and Development - R&D expenditure for the reporting period was CNY 1.788 billion, accounting for 4.80% of revenue, indicating a strong commitment to innovation[40] - The company has established a research and development team of 3,505 personnel, including 16 PhDs and 600 Master's degree holders, to support technological innovation[55] - The company holds a total of 2,371 valid patents and software copyrights, including 886 invention patents, enhancing its innovation capabilities[56] - The company has participated in the formulation of 317 national and industry standards, with 299 already published, contributing to industry upgrades[57] - The company has created seven national-level research and innovation platforms, ensuring a conducive environment for research and development activities[58] Environmental Initiatives - The company invested approximately CNY 10 million in environmental protection initiatives during the reporting period[179] - The company has invested over 260 million yuan in environmental protection upgrades since 2018, significantly reducing emissions through the use of eco-friendly raw materials and automated processes[186] - All major pollutants from the company's production facilities are within the permitted discharge limits, ensuring compliance with total emission control requirements for 2024[182] - The VOCs emissions from the painting process have been reduced by over 65% through the implementation of advanced spraying technologies and the use of low-VOCs materials[191] - The company’s wastewater treatment system meets the GB 8978-1996 discharge standards, with real-time monitoring of key pollutants such as COD and ammonia nitrogen[189] Corporate Governance - The company maintained complete independence from its controlling shareholder in terms of personnel, assets, finance, and operations, ensuring no conflicts of interest[129][137] - The company received an "A" rating for information disclosure for the 13th consecutive year in the assessment conducted by the Shanghai Stock Exchange[134] - The company has established smooth communication channels with stakeholders, including shareholders, creditors, suppliers, customers, and employees, to promote sustainable development[133] - The company has not faced any penalties from securities regulatory agencies in the past three years[151] Future Outlook and Strategy - The company plans to continue focusing on the four strategies of electrification, intelligent networking, high-end development, and internationalization to enhance global competitiveness[39] - The company anticipates a significant increase in overseas market demand, particularly in Europe and Southeast Asia, driven by the recovery of global economic activities[112] - The company aims to enhance its competitiveness through electrification, intelligent networking, and high-end product development[117] - The company is addressing risks related to market demand fluctuations and product homogeneity by diversifying its product offerings and exploring new market opportunities[119] Employee and Management - The total number of employees in the parent company and major subsidiaries is 16,707, with 14,515 in the parent company and 2,192 in major subsidiaries[162] - The company conducted 3,633 training sessions covering over 187,000 participants, with an average training duration of 17.18 hours per person[164] - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 24.51 million yuan[144] - The company has a total of 2,422,463 shares held by directors and senior management at the beginning and end of the reporting period[144] Dividend Distribution - The company distributed a total cash dividend of 4.428 billion yuan during the reporting period, with a plan to distribute 1.5 yuan (including tax) per 10 shares for the 2023 annual profit and 0.5 yuan (including tax) per 10 shares for the first three quarters of 2024[133] - The company declared a cash dividend amounting to CNY 3,320,908,834.50, which represents 80.68% of the net profit attributable to ordinary shareholders in the consolidated financial statements[170] - Over the last three accounting years, the cumulative cash dividend (including tax) reached CNY 8,855,756,892.00, resulting in a cash dividend ratio of 396.98% based on the average annual net profit of CNY 2,230,807,100.26[172]

证券代码：600066 证券简称：宇通客车 编号：临2025-011 宇通客车股份有限公司 2024年度利润分配方案及2025年中期分红授权的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例：2024 年度每股派发现金股利 1 元（含税）。 2024 年度利润分配以实施权益分派股权登记日登记的总 股本为基数，具体日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的， 拟维持每股分配金额不变，相应调整分配总额，并将另行公告具 体调整情况。 公司不触及《上海证券交易所股票上市规则》规定的可能 被实施其他风险警示的情形。 一、2024 年度利润分配方案 公司最近三个会计年度累计分红金额为人民币 88.56 亿元； 累计现金分红金额占最近三个会计年度年均净利润的 396.98%。 上述指标均不触及《上海证券交易所上市规则》中可能被实施其 他风险警示的情形。具体指标如下： | 项目 本年度 | 上年度 | 上上年度 | | --- | --- | --- | | 现金分红总 ...

[Table_Stock] 宇通客车（600066） [Table_Rating] 买入（首次） [Table_Summary] | [Table_I 行业 : | ndustry] 汽车 | | --- | --- | | 日期: | shzqdatemark 2025年03月13日 | | [Table_Author] 分析师: | 仇百良 | | --- | --- | | E-mail: | qiubailiang@shzq.com | | SAC 编号: | S0870523100003 | | 分析师: | 李煦阳 | | E-mail: | lixuyang@shzq.com | | SAC 编号: | S0870523100001 | [Table_BaseInfo] 基本数据 | 最新收盘价（元） | 25.67 | | --- | --- | | 12mth A 股价格区间（元） | 18.42-29.50 | | 总股本（百万股） | 2,213.94 | | 无限售 A 股/总股本 | 100.00% | | 流通市值（亿元） | 568.32 | [Table_QuotePic] 最 ...

[Table_Stock] 宇通客车（600066） [Table_Rating] 买入（首次） [Table_Summary] | [Table_I 行业 : | ndustry] 汽车 | | --- | --- | | 日期: | shzqdatemark 2025年03月13日 | | [Table_Author] 分析师: | 仇百良 | | --- | --- | | E-mail: | qiubailiang@shzq.com | | SAC 编号: | S0870523100003 | | 分析师: | 李煦阳 | | E-mail: | lixuyang@shzq.com | | SAC 编号: | S0870523100001 | [Table_BaseInfo] 基本数据 | 最新收盘价（元） | 25.67 | | --- | --- | | 12mth A 股价格区间（元） | 18.42-29.50 | | 总股本（百万股） | 2,213.94 | | 无限售 A 股/总股本 | 100.00% | | 流通市值（亿元） | 568.32 | [Table_QuotePic] 最 ...

公司研究 2025.03.05 宇通客车（ 600066） 公司点评报告 数据来源：wind 方正证券研究所 相关研究 《宇通客车(600066)：1 月销量表现受假期影响 波动，国内公交批量订单稳步交付》2025.02.07 《宇通客车(600066)：2024 全年业绩表现再超 预期，高比例分红有望延续》2025.01.20 2 月销量表现同比向上，3 月有望迎来季末交付高峰 方 正 证 券 研 究 所 证 券 研 究 报 告 分析师 文姬 登记编号：S1220523120002 联系人 李溶涛 | 推 荐 ( | 维 持 | ) | | | --- | --- | --- | --- | | 公 司 | 信 | 息 | | | 行业 | | | 商用载客车 | | 最新收盘价(人民币/元) | | | 26.56 | | 总市值(亿)(元) | | | 588.02 | | 52 周最高/最低价(元) | | | 29.50/18.32 | 历史表现 -11% 4% 19% 34% 49% 64% 24/3/5 24/6/4 24/9/3 24/12/3 宇通客车 沪深300 《宇通客车(600066) ...

证券研究报告·公司点评报告·商用车 宇通客车（600066） 2 月销量同比转正，春节假期扰动消退期待 景气度继续回升 -11% -3% 5% 13% 21% 29% 37% 45% 53% 61% 2024/3/6 2024/7/5 2024/11/3 2025/3/4 宇通客车 沪深300 买入（维持） | [Table_EPS] 盈利预测与估值 | 2022A | 2023A | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 21799 | 27042 | 36481 | 42920 | 49941 | | 同比（%） | (6.17) | 24.05 | 34.90 | 17.65 | 16.36 | | 归母净利润（百万元） | 759.14 | 1,817.08 | 4,061.99 | 4,626.61 | 5,553.46 | | 同比（%） | 23.68 | 139.36 | 123.54 | 13.90 | 20.03 | | EPS-最新摊薄（元/股） | 0.34 | 0.82 ...

证券研究报告·公司点评报告·商用车 宇通客车（600066） 2 月销量同比转正，春节假期扰动消退期待 景气度继续回升 买入（维持） | [Table_EPS] 盈利预测与估值 | 2022A | 2023A | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 21799 | 27042 | 36481 | 42920 | 49941 | | 同比（%） | (6.17) | 24.05 | 34.90 | 17.65 | 16.36 | | 归母净利润（百万元） | 759.14 | 1,817.08 | 4,061.99 | 4,626.61 | 5,553.46 | | 同比（%） | 23.68 | 139.36 | 123.54 | 13.90 | 20.03 | | EPS-最新摊薄（元/股） | 0.34 | 0.82 | 1.83 | 2.09 | 2.51 | | P/E（现价&最新摊薄） | 74.66 | 31.19 | 13.95 | 12.25 | 10.21 | [Table_ ...

宇通客车股份有限公司 关于年度担保计划范围内担保进展的公告 证券代码:600066 证券简称：宇通客车 编号：临 2025-008 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 根据上海证券交易所相关披露要求，公司对年度担保计划 范围内的担保进展情况进行月度汇总披露。 2025 年 2 月发生担保事项（以下简称"本次担保"）的被 担保人为宇通客车股份有限公司（以下简称"公司"）全资子公 司香港宇通国际有限公司（以下简称"香港宇通"）、YUTONG FRANCE S.A.S.（以下简称"法国宇通"）等。 2025 年 2 月新增对子公司担保发生额为 2,179.80 万元； 为购房人申请按揭贷款提供阶段性担保发生额为 499.00 万元； 为购车客户等销售业务链相关企业提供担保/回购责任发生额为 16,768.98 万元。（如无特别说明，本公告中金额币种均为人民 币） 截至本公告披露日，公司无逾期担保。 一、担保情况概述 （一）担保事项审议程序 本次担保事项已经公司于 2024 年 4 月 25 日召开的 20 ...

证券代码：600066 证券简称：宇通客车 编号：临2025-007 宇通客车股份有限公司 2025 年 2 月份产销数据快报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 宇通客车股份有限公司董事会 二零二五年三月五日 1 单位：辆 产 品 2025 年 2 月份 去年同期 单月数量 同比变动 本年 累计 去年同期 累计 累计数量 同比变动 生产量 1,578 1,325 19.09% 4,138 4,322 -4.26% 其中：大型 724 744 -2.69% 1,899 2,697 -29.59% 中型 532 469 13.43% 1,315 1,248 5.37% 轻型 322 112 187.50% 924 377 145.09% 销售量 1,571 1,385 13.43% 4,121 4,182 -1.46% 其中：大型 735 731 0.55% 2,138 2,504 -14.62% 中型 651 579 12.44% 1,282 1,307 -1.91% 轻型 185 75 146.67% 701 3 ...

Group 1 - Yutong Bus has reported strong performance in the new year with significant orders both domestically and internationally, indicating a positive start to the year [1] - In the domestic market, 130 units of Yutong pure electric buses have been delivered to Tangshan, and the Yutong Tianjun V6 has been dispatched to Sichuan and Yunnan [1] - The tourism market's growth has led to increased demand for flexible and customizable transport solutions, exemplified by the recent bulk delivery of Yutong Tianjun V6 to Zhangjiajie Anlong Tourism Passenger Transport Co., Ltd [1] Group 2 - In the overseas market, Yutong Bus has also seen success with 287 units of pure electric buses delivered to Norway, which includes high-end tourism buses and new generation electric intercity buses [2] - The recent orders in Europe and the Americas highlight Yutong's expanding footprint in the global electric vehicle market [2]