Yutong Bus added 137 million yuan in guarantees in February, with a total guarantee balance of 2.639 billion yuan

Radar Finance | Feng Xiuyu Text | Li Yihui Editing

On March 9th, Yutong Bus (Stock Code: 600066) released an announcement regarding the progress of guarantees within the scope of its guarantee plan. The announcement shows that by February 2026, the company had provided guarantees totaling 137.2576 million yuan to its controlling subsidiaries and among its subsidiaries. The guaranteed parties include Yutong International Limited in Hong Kong and Yutong Norway. All guarantees are performance bonds with no counter-guarantees.

As of February 28, 2026, the total guarantee balance provided by the company to its controlling subsidiaries, among subsidiaries, and to related enterprises in the sales chain was 2.639 billion yuan, accounting for 19.66% of the company’s latest audited net assets.

The company has no overdue guarantees and has not provided guarantees to controlling shareholders, actual controllers, or their related parties.

According to Tianyancha data, Yutong Bus was established on January 8, 1997, with a registered capital of 2,213,939,223 yuan. The legal representative is Li Panpan, and the registered address is No. 6 Yutong Road, Guancheng Hui District, Zhengzhou. Its main business involves the research, manufacturing, and sales of bus products.

Currently, the company’s chairman is Tang Yuxiang, the secretary of the board is Yu Li, with 16,707 employees, and the actual controller is Tang Yuxiang.

The company has 113 associated companies, including Qingdao Lvxinrui New Energy Technology Co., Ltd., YUTONG KAZAKHSTAN LIMITED, Zhengzhou Jingyida Auto Parts Co., Ltd., Luoyang Shunjie Auto Sales and Service Co., Ltd., YUTONG FRANCE SAS, and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 21.799 billion yuan, 27.042 billion yuan, and 37.218 billion yuan, respectively, with year-on-year growth of -6.17%, 24.05%, and 37.63%. The net profit attributable to the parent was 759 million yuan, 1.817 billion yuan, and 4.116 billion yuan, with year-on-year growth of 23.68%, 139.36%, and 126.53%. During the same period, the company’s asset-liability ratio was 51.34%, 54.45%, and 57.52%.

Regarding risks, Tianyancha information shows that the company has 625 internal Tianyan risks, 309 surrounding risks, 801 historical risks, and 822 warning alert risks.