宇通客车股份有限公司（以下简称"公司"）第十一届监事 会第八次会议于 2024 年 10 月 21 日以邮件等方式发出通知，2024 年 10 月 28 日以通讯方式召开，应参会监事 3 名，实际参会监事 3 名，符合《公司章程》及有关法律法规的规定。 证券代码:600066 证券简称：宇通客车 编号：临 2024-048 宇通客车股份有限公司 第十一届监事会第八次会议决议公告 本公司监事会及全体监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。 会议审议并通过了以下议案： 1、3 票同意，0 票反对，0 票弃权；审议通过了《2024 年第 三季度报告》。 在全面了解和审核公司2024年第三季度报告后，我们认为： 公司严格按照股份公司财务制度规范运作，公司 2024 年第三季 度报告公允地反映了公司 2024 年前三季度的财务状况和经营成 果；公司董事会的编制和审议程序符合法律、行政法规和中国证 监会的规定；我们保证公司 2024 年第三季度报告所披露的信息 真实、准确、完整，承诺其中不存在虚假记载、误导性陈述或重 大遗漏，并对其内容的真实性、准确 ...

公司拟向全体股东每 10 股派发现金股利 5 元（含税）。截 至 2024 年 9 月 30 日，公司总股本 2,213,939,223 股，以此计算 合计拟派发现金红利 1,106,969,611.50 元（含税）。公司 2024 年前三季度现金分红合计占公司 2024 年第三季度合并报表中归 属于母公司股东的净利润比例为 45.52%。 证券代码：600066 证券简称：宇通客车 编号：临2024-049 宇通客车股份有限公司 2024年前三季度利润分配方案公告 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：每股派发现金股利 0.5 元（含税）。 本次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。 一、利润分配方案内容 截至 2024 年 9 月 30 日，公司（母公司报表，未经审计）可 供分配利润为人民币 5,939,090 ...

证券代码：600066 证券简称：宇通客车 编号：临 2024-050 宇通客车股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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： 股东大会召开日期：2024年11月18日 本次股东大会采用的网络投票系统：上海证券交易所股东 大会网络投票系统 一、召开会议的基本情况 (一)股东大会类型和届次 2024 年第二次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票 和网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2024 年 11 月 18 日 9 点整 召开地点：河南省郑州市管城回族区宇通路 6 号公司行政楼 六楼大会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 1 投票时间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者 的投票程序 涉及融资融券、转融通业务、约定购回业务相 ...

证券代码:600066 证券简称：宇通客车 编号：临 2024-051 宇通客车股份有限公司 关于会计政策变更的公告 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： 本次会计政策变更系公司根据财政部发布的相关规定和要 求，对相关会计政策进行的修订，变更后的会计政策不会对公司 的财务状况和经营成果产生重大影响。 一、概述 1 述政策变更外，其他未变更部分仍按照财政部前期颁布的《企业 会计准则——基本准则》和各项具体会计准则、企业会计准则应 用指南、企业会计准则解释以及其他相关规定执行。 三、会计政策变更对公司的主要影响 2024 年 3 月，财政部会计司发布《企业会计准则应用指南 汇编 2024》，要求将计提的保证类质保费用计入营业成本，不再 计入销售费用。公司自 2024 年三季度起开始执行上述会计政策， 对原采用的相关会计政策进行变更，并对 2024 年上半年数据进 行追溯调整。 二、会计政策变更的主要内容 （一）本次会计政策变更原因及变更日期 根据《企业会计准则应用指南汇编 2024》，公司自 2024 年 ...

证券代码:600066 证券简称：宇通客车 编号：临 2024-047 宇通客车股份有限公司 1、9票同意，0票反对，0票弃权；审议通过了《2024年第三 季度报告》。 具体详见公司于同日披露的2024年第三季度报告。 本议案已经董事会审计委员会审议通过。 2、9票同意，0票反对，0票弃权；审议通过了《2024年前三 季度利润分配预案》。 拟以公司总股本为基数，每10股派发现金股利5元（含税）。 详见公司于同日披露的《2024年前三季度利润分配方案公告》。 本议案将提交2024年第二次临时股东大会审议。 3、9票同意，0票反对，0票弃权；审议通过了《关于召开2024 年第二次临时股东大会的议案》。 第十一届董事会第八次会议决议公告 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。 宇通客车股份有限公司（以下简称"公司"）第十一届董事 会第八次会议于2024年10月21日以邮件等方式发出通知，2024 年10月28日以通讯方式召开，应参会董事9名，实际参会董事9 名，符合《公司章程》及有关法律法规的规定。 会议审议并通过了以下议案 ...

Investment Rating - The report maintains a "Buy" investment rating for Yutong Bus (600066) [1][4] Core Views - The company achieved a year-on-year increase in bus production and sales in September 2024, with production and sales reaching 3,878 and 3,788 units respectively, representing a year-on-year growth of 13.8% and 6.2% [1] - The demand for public buses is expected to rise due to new policies that provide substantial subsidies for the replacement of old buses, which will benefit Yutong as a leading player in the new energy bus sector [4] - The company is well-positioned to benefit from the ongoing recovery in the tourism sector and the expansion of overseas markets, with a strong order backlog anticipated to drive sales in Q4 [1][4] Summary by Sections Sales Performance - In September 2024, Yutong's bus sales showed a positive trend with a total of 3,788 units sold, marking a 6.2% increase year-on-year and a 3.8% increase month-on-month [1] - Cumulatively, from January to September 2024, the company sold 31,346 buses, reflecting a 19.3% year-on-year increase [1] Market Conditions - The new subsidy policies introduced by the Ministry of Transport and the Ministry of Finance are expected to stimulate demand for public buses, with an average subsidy of 60,000 yuan per vehicle and 80,000 yuan for new energy buses [4] - The company is projected to benefit significantly from these policies, especially as various provinces have already implemented their subsidy guidelines [4] Financial Projections - Revenue forecasts for Yutong from 2024 to 2026 are estimated at 344.24 billion yuan, 398.64 billion yuan, and 465.21 billion yuan respectively, with corresponding EPS of 1.45 yuan, 1.89 yuan, and 2.19 yuan [4] - The report indicates a favorable PE ratio trend, with projected values of 14.24, 10.88, and 9.42 for the years 2024, 2025, and 2026 respectively [4] Export Performance - Yutong's export performance remains strong, with 9,090 buses exported from January to September 2024, a year-on-year increase of 26.7%, capturing a market share of 21.5% [5] - The company is actively expanding its overseas market presence, including partnerships in Saudi Arabia [5]

Investment Rating - The report maintains an "Accumulate" rating for Yutong Bus (600066) [1] Core Views - Yutong Bus experienced a recovery in sales in September 2024, with a year-on-year increase of 6.2% and a month-on-month increase of 3.8%, indicating a positive trend in the third quarter [4][5] - The company received government subsidies amounting to 46 million yuan in the third quarter, which is expected to positively impact the net profit attributable to the parent company by 34 million yuan [5] - The forecast for Yutong Bus's revenue and net profit shows significant growth, with projected revenues of 33.01 billion yuan, 35.04 billion yuan, and 38.42 billion yuan for 2024, 2025, and 2026 respectively, reflecting year-on-year growth rates of 22%, 6%, and 10% [5][7] Summary by Sections Sales Performance - In September 2024, Yutong Bus produced 3,878 buses, a year-on-year increase of 13.82%, and sold 3,788 buses, a year-on-year increase of 6.20% [4] - Cumulative sales from January to September 2024 reached 31,346 buses, representing a year-on-year increase of 19.3% [5] Financial Projections - The company is expected to achieve revenues of 33,012 million yuan in 2024, with a year-on-year growth rate of 22% [7] - Net profit attributable to the parent company is projected to be 3,296 million yuan in 2024, reflecting a year-on-year growth of 81% [7] - Earnings per share (EPS) are forecasted to be 1.49 yuan in 2024, with corresponding price-to-earnings (P/E) ratios of 17, 15, and 13 for 2024, 2025, and 2026 respectively [5][7] Market Position - Yutong Bus is recognized as a leading bus manufacturer, with expectations for continued growth in both domestic and overseas markets, particularly in the new energy bus segment [5]

Investment Rating - The report maintains a "Buy" rating for Yutong Bus (600066) [1][3] Core Views - In September 2024, Yutong Bus sold 3,788 units, showing a month-on-month increase of 6% and a year-on-year increase of 4%. The production was 3,878 units, with a year-on-year decrease of 7% but a month-on-month increase of 14% [2] - The sales recovery is attributed to the demand driven by the vehicle replacement policy and a significant recovery in export orders, with customs data indicating a 38% month-on-month increase in export sales in August [2] - The proportion of medium and large buses remains high, accounting for 88% of total sales in September 2024, with a slight increase from the previous month [2] - The company is expected to continue benefiting from the bus replacement policy, which includes subsidies for new energy city buses and battery replacements, with an estimated 30,000 units expected to be replaced in 2024 [2] Financial Forecasts - The report forecasts Yutong Bus's total revenue for 2024 to be 34.733 billion yuan, representing a year-on-year increase of 28%. The net profit attributable to shareholders is expected to reach 3.314 billion yuan, a year-on-year increase of 82% [3] - The projected earnings per share (EPS) for 2024 is 1.50 yuan, with a price-to-earnings (P/E) ratio of 17.29 times [3] - For 2025 and 2026, the revenue is expected to grow to 41.447 billion yuan and 49.941 billion yuan, respectively, with net profits of 4.106 billion yuan and 4.956 billion yuan [3] Market Data - The closing price of Yutong Bus is 25.88 yuan, with a market capitalization of approximately 57.297 billion yuan [5] - The stock has a price-to-book (P/B) ratio of 4.70 [5]

大家好欢迎参加动物汽车与通客车九月销量解读及业绩展望会议目前早餐会者均处于静音状态下面开始播报声明声明播报完毕后主持人可以直接开始发言谢谢动物证券研究所提醒您本次电话会议即面向机构投资者或受邀客户第三方专家发言内容仅代表其个人观点所有信息或所表述的意见 均不构成对具体证券在具体价位具体时点具体市场表现的判断或投资建议未经合法授权严禁录音转发及相关解读涉嫌违反上述情形的我们将保留追究法律责任的权利感谢您给予的理解和配合谢谢 各位投资者 大家早上好 我是动物资源的技术分析师黄细里非常感谢大家能够持续的关注我们与同科学的这个系列第二会议那昨天也披露了9月份的产药数据我和我同事然后这边也按照之前的这个观点来跟大家解读一下9月数据和后续的展望以及我们当前的一个总的观点 那待会儿详细的这个数据和业绩这块我同志龙号来跟大家展开我在最开始这边还是想强调一下当前时间点我们对于宇通客车的一个总的一个观点吧结论的话应该宇通客车从去年3月份以来其实一直是我们团队在整个汽车板块里面在首推的第一梯队的一个标的 那在当前时间点往C度看的话应该宇通客车是我们A股这边首推的标的整体上我们还是会认为宇通低三级度的这个数据干扰以九月份的这个数据的 ...

Investment Rating - The report maintains a "Buy" rating for Yutong Bus (600066.SH) [3] Core Views - In September 2024, Yutong Bus achieved sales of 3,788 units, representing a year-on-year increase of 6% and a month-on-month increase of 4% [1] - The company is expected to see a continuous upward trend in sales for Q4 2024, supported by strong overseas orders and domestic demand driven by government subsidies for replacing old buses [1][2] - The "old-for-new" subsidy policy is anticipated to significantly boost domestic demand for buses in the second half of 2024 [1] Summary by Sections Sales Performance - September sales showed a recovery trend with large, medium, and light buses selling 1,871, 1,480, and 437 units respectively, with year-on-year changes of -11%, +48%, and -5% [1] - The export of new energy buses in August 2024 reached 1,563 units, a year-on-year increase of 164.02% [1] Financial Forecasts - The projected net profits for Yutong Bus from 2024 to 2026 are 3.317 billion, 4.023 billion, and 4.847 billion yuan respectively, with corresponding P/E ratios of 17.6, 14.5, and 12.0 [2][3] Market Conditions - The report highlights that the current overseas orders are robust, indicating potential for monthly sales growth in Q4 2024 [1] - The new subsidy policy for urban public transport is expected to enhance the replacement rate of old buses, thereby increasing overall bus demand [1]