TacticScaleWhat Yutong Bus (宇通客车) Does & How It Makes Money (600066.SS)
Updated October 2026 · reflects Yutong Bus's latest reported financials
Chinese bus maker producing electric and conventional buses and coaches. It makes most of its money selling buses and coaches to customers in China and overseas.
How Yutong Bus makes money
It makes most of its money selling buses and coaches to customers in China and overseas. It earns more from after-sales services, repairs, charging infrastructure, auto parts, air conditioners, and passenger transport operations.
What Yutong Bus does
Yutong Bus Co.,Ltd. was founded in 1963 and is based in Zhengzhou, China. It makes and sells buses. Its range covers electric buses and coaches, city buses, coaches, vans, airport buses, and special vehicles for public security, emergency response and medical use. It reports three segments: Bus Manufacturing, Foreign Trade, and Other. It exports to about 100 countries and regions. Beyond vehicles, Yutong offers what it calls e-solutions. These include integrated new energy and urban mobility packages, charging station planning and construction, online troubleshooting with real-time monitoring, and several kinds of training. It also makes automotive parts and air conditioners, repairs vehicles, and runs scheduled passenger and tourist transport. The company was known as Zhengzhou Yutong Bus Co., Ltd. until it changed its name in May 2021.
Products & services
- Electric buses and e-coaches
- City buses and coaches
- Airport buses and vans
- Public security, emergency and medical vehicles
- Charging station planning and construction
- Service contracts, repair and training services
宇通客车是做什么的？
宇通客车股份有限公司成立于1963年，总部位于中国郑州，主要制造和销售客车。产品包括电动客车、城市公交、长途客车、轻型客车、机场摆渡车，以及公安、应急救援和医疗等专用车辆。公司分为客车制造、外贸和其他三个业务板块，产品出口约100个国家和地区。 除整车外，公司还提供新能源整体解决方案、城市出行方案、充电站规划与建设、实时监控和远程诊断服务，以及多种形式的培训服务。公司也生产汽车零部件和汽车空调，并经营汽车维修和定线旅游客运等业务。公司原名郑州宇通客车股份有限公司，2021年5月更名为现名。
What is Yutong Bus worth?
On an owner-earnings DCF, Yutong Bus's most-likely value is about ¥49 versus a recent price near ¥28 (42% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥19) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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