Core Insights - Yutong has signed cooperation agreements exceeding 300 million yuan with multiple companies during the China (Zhengzhou) - Chile Economic and Trade Cooperation Promotion Conference, showcasing its commitment to the green transformation of public transport in Santiago, Chile [1] - Yutong has been a pioneer in the electric bus market in Chile, having sold a total of 2,400 buses over 20 years, establishing itself as a key player in the country's public transport sector [1][2] - The recent delivery of 372 electric buses to Santiago is part of a long-term partnership that reflects mutual trust and recognition of Yutong's product quality and brand reputation [2] Group 1: Market Position and Strategy - Chile is a significant target market for Yutong's international strategy, recognized as a leader in Latin American economic performance [1] - Yutong's electric buses have been well-received in Chile, with the first electric bus purchased in 2017 leading to subsequent orders, including 214 buses in 2024 and 372 buses in 2025 [2] - The company has established a strong brand presence in over 20 Latin American countries, with a market share exceeding 40%, making it the largest Chinese bus brand in the region [9] Group 2: Technological Advancements - Yutong's electric buses are equipped with high-capacity batteries that enhance operational efficiency, allowing for a full day's operation on a single charge [5] - The introduction of a battery nitrogen protection system improves safety, while the Link+ system provides data support for intelligent operations, transitioning public transport from manual to technology-driven solutions [6] - The buses are built on Yutong's self-developed YEA platform, featuring innovative core technologies that enhance energy efficiency, safety, and overall performance [5][6] Group 3: Service and Support - Yutong has established a comprehensive after-sales service network in Chile, ensuring timely support with an average service radius of 120 kilometers [7] - The company employs a direct service model, allowing for rapid response and efficient service delivery, which has impressed local clients [7] - The swift logistics and service response during the recent bus delivery highlight Yutong's commitment to customer satisfaction and operational excellence [7]

8月底，在河南省委常委、郑州市委书记安伟率团参加的中国（郑州）——智利经贸合作推介会上，宇通与多家企业签署总额超3亿元的 合作协议。9月初，372辆宇通纯电动公交抵达智利，为智利首都圣地亚哥的交通绿色转型持续赋能。 宇通-智利合作项目全面开花，不仅是宇通产品品质与品牌影响力的有力彰显，更是 "中国智造" 为共建 "一带一路"注入强劲动能的生 动实践。 智利第一家新能源客车品牌，国家绿色转型倡领者 智利，作为拉美经济"优等生"，是宇通国际化战略中的重要目标市场。从2005年首入智利，成为首个叩开智利大门的新能源客车品牌 以来，宇通已在智利长期深耕二十年。 凭借对智利公共交通绿色转型需求的精准洞察以及持续的技术创新，宇通在智利已累计销售客车2400辆，智利多个城市均能看见宇通客 车常态运营的场景。 2017年，智利购入全国第一辆纯电动公交宇通E12，凭借其卓越的续航能力、舒适的乘坐体验以及可靠的运行稳定性，宇通迅速获得当 地乘客与运营方的高度认可；一年后，智利复购100辆宇通纯电动公交，正式拉开了该国公共交通电动化转型的序幕；经历多年深耕以 及产品长期的高强度运营验证，2024年，智利再次购入214辆宇通纯电动公 ...

Core Viewpoint - The company reported a stable performance in Q1 2025, with a slight decline in revenue but an increase in net profit, indicating resilience in its operations despite market challenges [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 6.42 billion yuan, a decrease of 3.0% year-on-year [1][2]. - The net profit attributable to shareholders was 760 million yuan, reflecting a growth of 14.9% [1][2]. - The net profit excluding non-recurring items was 640 million yuan, up by 12.5% [1][2]. - The gross margin for Q1 2025 was 18.9%, down by 6.0 percentage points year-on-year, while the net margin improved by 2.0 percentage points to 12.0% [2]. Sales and Orders - The company sold a total of 9,011 buses in Q1 2025, marking a 16.6% increase year-on-year [2]. - Sales of large buses decreased by 1.4% to 4,532 units, while medium buses increased by 15.1% to 2,729 units, and light buses surged by 129.1% to 1,750 units [2]. - Exports of buses totaled 2,057 units, down by 20.8% [2]. Market Developments - The company secured multiple domestic orders, including the delivery of 130 electric buses to Tangshan and various models to regions like Sichuan and Yunnan [2]. - Internationally, the company continued its strong performance with deliveries of electric buses to Norway, Greece, and Pakistan, among others [2][3]. Product and Service Innovations - The company has exported over 7,000 new energy buses to more than 40 countries, enhancing its global presence [3]. - New product offerings include a range of electric buses and upgraded models to meet diverse market demands [3]. - The launch of the "Yoo+ Direct Service" aims to enhance service quality for new energy commercial vehicles, focusing on customer pain points and integrating digital tools for better support [4]. Future Outlook - The company is expected to maintain a strong market position, with projected net profits of 4.69 billion yuan, 5.27 billion yuan, and 6.07 billion yuan for 2025 to 2027 [4].