ZTBH(SZ:000957)2022-12-06 09:54Group 1: Company Development History - Zhongtong Bus was established in 1958 and began producing buses in 1971 [2] - In 2000, the company introduced BOVA technology from the Netherlands to produce luxury buses [2] - The first electric bus was developed in 2006, and by 2009, the production of new energy buses had been industrialized [3] - Sales of new energy buses surpassed 10,000 units in 2015 [3] Group 2: Subsidy and Financial Aspects - There is no clear schedule for subsidy disbursement; last year's subsidies have not been fully received [3] - Starting from 2016, the subsidy payment method will change from pre-allocation to post-settlement [3] - The main customers are public transport and passenger transport companies, with public transport companies contributing a significant portion of sales revenue [3] Group 3: Market Outlook and Product Strategy - The logistics vehicle market, especially for new energy logistics vehicles, has a large capacity and strong downstream demand [4] - The company is developing targeted products and optimizing costs to gradually introduce them to the market [4] - Future profit growth points for the company are expected to come from new energy buses, high-end business vehicles, logistics vehicles, and tourist buses over the next three years [4]