从“产品出海”到“智造出海” 宇通客车全球化布局再进阶

Core Viewpoint - Yutong Bus has established itself as a global leader in the bus industry, showcasing its strengths in vehicle performance, safety, and environmental protection, as evidenced by winning seven awards at the Bus World Expo in Belgium [2]. Group 1: Product Performance and Safety - Yutong Bus conducts rigorous testing for each vehicle, including high-speed stability tests and water resistance tests, ensuring vehicles can withstand extreme conditions [3]. - The company has invested nearly 100 million yuan to build an EMC testing laboratory, creating an "electromagnetic immunity system" to enhance vehicle performance and passenger safety [4]. - Yutong's core technologies in new energy, including battery, motor, and control systems, have reached industry-leading levels, with the YEA intelligent control platform being the first of its kind in the commercial vehicle sector [4]. Group 2: Global Market Expansion - As of mid-October, Yutong has exported over 110,000 buses to more than 60 countries and regions, demonstrating its global footprint [5]. - The company has secured significant contracts, including 165 customized buses for Saudi Arabia and 723 high-end buses for the Africa Cup, setting records for Chinese brands in these markets [6]. - Yutong's overseas strategy has evolved beyond merely selling products; it has established KD assembly plants in over ten countries and is set to open its first overseas new energy commercial vehicle factory in Qatar by the end of the year [6]. Group 3: Shareholder Returns - Yutong Bus announced a cash dividend of 1.107 billion yuan in August, with a payout ratio of 57.19% of its net profit for the first half of 2025 [7]. - Over its 28 years as a listed company, Yutong has distributed a total of 27.13 billion yuan in dividends, significantly exceeding its total capital market financing of 2.91 billion yuan [7]. - The company emphasizes shareholder returns and aims to maintain stable cash dividends as long as there are no significant capital expenditures affecting normal operations [7].