Yu-Tong Bus Overseas Market Harvest 2000 Bus Orders

China Securities Network (reporter Zhou Fan) yutong bus (600066, share bar) September 22 evening issued a notice that its wholly-owned subsidiary of Hong Kong Yutong and the Bolivarian Republic of Venezuela land traffic and the Fontur company signed 2000 Yutong Bus and bus operation management system and other sales contracts,　　The total amount of the contract is 353 million U.S. dollars (not including VAT), the payment of money for the United States dollars, the source of funds for the fund, is expected to complete delivery within one year. The notice indicates that the contract has come into effect from the date of receipt of the advance payment from Hong Kong Yutong.　　At present, Hong Kong Yutong has not received advance payment, the contract remains uncertain.　　The company said that the successful implementation of the contract will have a greater impact on the financial indicators during the accounting period of the company's delivery period. Company introduction, prior to meeting the needs of day-to-day business turnover, Hong Kong Yu to the overseas banks to apply for the total amount of not more than 100 million U.S. dollars in liquidity loans. Yutong bus in order to ensure the smooth development of Hong Kong yutong trade and financing business, the company for Hong Kong Yutong in the Bank of China and its subsidiaries not more than 300 million yuan credit guarantee.　　It seems that Hong Kong yutong business is progressing smoothly.　　It is reported that Yutong Bus has been more focused on overseas market development, due to the high cost of bus products, in the international market competitiveness, the annual export amount and unit price steadily increased. Company introduction, due to the continuous optimization of product structure, the company sales volume steadily improve. New energy coaches are more supported by policy expectations. Affected by market demand, the bus industry will be long-term stable growth, technologically advanced, high-quality industry leader is expected to further expand domestic and overseas market share.