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China's largest bus maker, producing city buses, coaches and increasingly electric buses for domestic and export markets.
China's largest bus maker, producing city buses, coaches and increasingly electric buses for domestic and export markets.
Sells buses to city transit authorities, usually through public tenders, and to coach operators, with electric buses the growth line. Overseas sales go through local dealers. Orders are lumpy because transit fleets are bought in batches tied to government funding.
In one line: China's Blue Bird/New Flyer for buses.
Moat: narrow (scale, brand, distribution). Largest domestic bus-maker scale with an established export dealer network.
Headquarters: Zhengzhou, Henan, China · Founded: 1963 · Employees: 19,575
Size Yutong Bus (600066.SS) is a China Consumer Discretionary company (Motor Vehicles) with a market value of $10.1B, the 246th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥31.10 on 6 Nov 2026.
Performance Over six months the shares fell 12.2%, against -11.4% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +7.2%); the operating margin is 14.3% (peer median 4.3%).
Valuation It trades at 11.5× forward earnings against a peer median of 15.1× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 193.8 points above its cost of capital (5.8% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥40.9B | CN¥41.2B | CN¥37.0B | CN¥26.9B | CN¥21.7B |
| Revenue growth | — | +11% | +38% | +24% | — |
| Gross profit | CN¥11.0B | CN¥9.59B | CN¥8.11B | CN¥5.81B | CN¥4.65B |
| EBITDA | n/a | CN¥6.22B | CN¥4.60B | CN¥2.69B | CN¥896M |
| Net income | CN¥5.45B | CN¥5.55B | CN¥4.12B | CN¥1.82B | CN¥759M |
| Free cash flow | CN¥8.77B | CN¥2.48B | CN¥6.58B | CN¥4.16B | CN¥2.33B |
| Capital expenditure | CN¥658M | CN¥729M | CN¥696M | CN¥567M | CN¥976M |
| Total debt | CN¥407M | CN¥242M | CN¥1.57B | CN¥3.37B | CN¥2.36B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yutong Bus 600066.SS | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% |
| BYD 002594.SZ | $96.6B | -17% | -4% | 4% | 21.2× | n/a |
| NFI NFI.TO | $2.06B | +13% | +15% | 2% | 11.0× | 12.0% |
| Zhongtong Bus 000957.SZ | $857M | -18% | +6% | 6% | 11.6× | -16.1% |
| Xiamen King Long Motor 600686.SS | $967M | -42% | -3% | 2% | 9.1× | -1.1% |
| Anhui Ankai Automobile 000868.SZ | $468M | -26% | -1% | -4% | n/a | n/a |
| Beiqi Foton Motor 600166.SS | $2.88B | -31% | +13% | 1% | 10.1× | -1.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600066.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.7% | +5.1% | 4th highest of 21 |
| 6-month return | -12.2% | -11.4% | 11th highest of 21 |
| Distance from 52-week high | -19.2% | -28.1% | 7th highest of 21 |
| Revenue growth (TTM) | +3.5% | +7.2% | 7th lowest of 21 |
| Operating margin | 14.3% | 4.3% | 3rd highest of 21 |
| Forward P/E | 11.5× | 15.1× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -10.0% | 4.2% | least demanding of 12 |
| Growth delivered (Del g) | +13.8% | +9.2% | 4th highest of 12 |
| Hurdle (Req g minus delivered) | -23.8 pp | -4.1 pp | 2nd least demanding of 12 |
| ROIC minus cost of capital | +193.8 pp | -1.2 pp | highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | n/a | n/a | n/a |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 28.5× | n/a | n/a |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 4.9× | 3.4% | +5.9% |
| Seres 601127.SS | China | $11.0B | -51% | -6% | -4% | 139.8× | n/a | n/a |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 8.8× | n/a | n/a |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 33.4× | 9.4% | +2.4% |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | n/a | n/a | n/a |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 11.2× | 4.7% | +8.7% |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | n/a | n/a | n/a |
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | n/a | n/a | n/a |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | n/a | n/a | n/a |
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 8.2× | -7.8% | +8.9% |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 19.9× | -3.9% | +34.5% |
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 20.1× | 11.8% | +14.0% |
| Great Wall Motor 601633.SS | China | $15.0B | -29% | +8% | 2% | 15.1× | -7.1% | +16.4% |