On August 27, Zhongtong Bus Holding Co., Ltd. (hereinafter referred to as “Zhongtong Buses”) released its semi-annual report for 2025. The report indicates that the company’s operating revenue for the first half of the year reached 3.941 billion yuan, a year-on-year increase of 43.02%; the net profit attributable to shareholders of the listed company was 190 million yuan, a year-on-year increase of 71.61%.

During the reporting period, Zhongtong Buses sold a total of 5,839 buses, a year-on-year increase of 2.38%. Faced with market pressure in the domestic tourism bus segment, the company actively promoted product structural transformation, continuously enhanced product performance and after-sales service levels, and achieved counter-cyclical growth through precise strategy implementation.

During the reporting period, the company’s R&D investment amounted to 125 million yuan. It continued to conduct technical research in the fields of bus new energy, intelligence, networking, safety, reliability, economy, and comfort, maintaining a leading position in China in these areas. For instance, the company launched tourism buses equipped with AMT manual-automatic transmission, which significantly improved the smoothness of operation and driving comfort. These buses have been sold in large quantities and have received high recognition from customers. The core functions of the intelligent cockpit have been successfully developed and applied to several high-end models. The company has also actively promoted the deep integration of large models with vehicle networking and intelligent cockpit business, significantly enhancing the overall vehicle intelligence and human-machine interaction levels. It has deepened the layout of intelligent driving and created a new technological highland for intelligent networked new energy buses. The 12-meter intelligent driving bus has achieved regular operation in Jinan.

In terms of market layout, the company accelerated the optimization of market structure. Relying on the collaborative resources of Shandong Heavy Industry Group Co., Ltd. and actively responding to the Belt and Road Initiative, it achieved key breakthroughs in the export of new energy buses. The overseas market is gradually becoming an important support for the company’s performance growth. During the reporting period, the company’s overseas revenue reached 2.757 billion yuan, a year-on-year increase of 49.94%, accounting for 69.96% of the operating revenue.