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YUTONG GROUP (Zhenzhou)
"Zhengzhou Yutong Group Co., Ltd. , its head office located in Zhengzhou, Henan province, is a large-scale enterprise group with bus making as the core business, with engineering machinery and real estate as the strategic business and at the same time giving attention to other investment portfolios. According to State Statistics Bureau, Yutong Group ranked 324 in “China's Top 500 Enterprises” and at the same time stood 41 in “China's 500 Most Competitive Enterprises of the Year 2006” as the only bus enterprise to enter this list. In 2006 ， the sales income of Yutong Group reached high up to RMB10,139,800,000, taking up over 22% of the domestic market. In the same year, 22,198 units of Yutong buses were sold ， and 2,002 buses were exported with the export amount up to USD105 million, increasing 28% compared with the corresponding period last year. Till now, the possessed number of Yutong buses all over the world exceeds 120 thousand, making Yutong an international large-scale bus manufacturing enterprise.
Now, over many years' development, Yutong Bus has achieved a premier position in the domestic bus field with its integrated enterprise strength and also formed its unique enterprise culture and advanced management concept. With market oriented, Yutong Bus carries on its R&D relying on the market and programs its products rationally. It has powerful R&D strength, the first post-doctoral science and development working station in the bus industry of China equipped with the world-class test device and instrument, and also the first state-level technology center in the bus industry of China . Yutong Bus has established the entire-process quality control supervision system in order to guarantee the product quality. In 2004, Yutong Bus was evaluated by Germany Quality System Authentication Company (DQS) , and successfully passed ISO/TS16949: 2002 authentication.
In the management targets of Yutong Group, it has been definitely confirmed that its principle is to find a foothold in the domestic market and to concentrate resources for the strategic area and that its clear development strategy is to open up the international market. The development vision of the enterprise is to establish the enterprise brand of Yutong and to become the predominant world enterprise group of moderate diversification with bus making as the key business. Inside, it integrates its affiliate enterprises, properly disposes recourses and takes great advantage of the privilege of Yutong brand; outside, it establishes the scale benefit and strengthens the capital advantage in order to promote side-by-side development. From now on, with products as the leading role, the capital as the cohesion and enterprise culture and management mode as the core, Yutong Group will develop into a large-scale, trans-regional, diversified and high-tech international enterprise group, covering buses, engineering machinery and vehicle components and integrated with manufacturing, science and development, investment and trade, thus creating No. 1 bus brand of China and becoming a main international bus supplier."
Market share: 20%
Production: 13 000 buses (2002), 22 198 (2006)