Yutong Heavy Industries (600817.SH): In 2023, the revenue from autonomous driving related products accounts for less than 5% of the total revenue.
19/11/2024
GMT Eight
Yutong Heavy Industries (600817.SH) announced that the company's stock has shown abnormal volatility in trading over the three consecutive trading days on November 15th, 18th, and 19th, 2024, with a cumulative deviation of 20% in the closing prices. According to the relevant regulations of the Shanghai Stock Exchange Trading Rules, this situation is considered as abnormal trading volatility.
The company has noticed that the unmanned driving business has attracted high investor attention recently. In 2023, the revenue from unmanned driving products accounted for less than 5% of the company's total income. Currently, the unmanned driving environmental sanitation equipment and mining truck market are still in the exploratory stage, and there is uncertainty in terms of future technological research and development, product competitiveness, and profitability. The production and sales of such products are influenced by various factors such as future market demand changes, industry and national policy changes, which pose a great deal of uncertainty on the company's future performance.