China YTO Special Vehicle Company achieved double growth in the first quarter

China Yituo Special Vehicle Company, relying on the new development pattern, achieved a "double growth" in operating revenue and profit in the first quarter of this year, with operating revenue increasing by 20% year-on-year and profit increasing by 15% year-on-year, successfully achieving a "good start". A batch of Dongfang Hongte special vehicles for wholesale transportation and delivery are continuously polishing the golden signboard of "Yituo Manufacturing" by "sending them south and north" and "setting sail to sea".

The product is popular, and quality is fundamental. Behind it, research and innovation support is indispensable! "A set of data provided by Kong Mengtian, the general manager of China Yituo Special Vehicle Branch, can be used as evidence. In the past three years, the technology research and development investment of the Special Vehicle Branch has reached 14.85 million yuan, accounting for over 5% of revenue. The contribution rate of new products has remained above 70% for many years.
Thanks to this, China Yituo Special Vehicle Company has successively developed, produced, and sold more than 10 new products, including domestically leading new energy sanitation vehicles, new kitchen waste vehicles, and new leaf cleaning and sweeping vehicles, achieving energy-saving and environmentally friendly new energy upgrades and upgrades in three major series of pure electric sanitation vehicles, engineering vehicles, and logistics vehicles.

It is worth mentioning that the special vehicles related to the special vehicle branch have achieved 100% localization of vehicle parts, and the core components are independently researched and developed by enterprises, which puts them in an advantageous position in the industry competition.
In the first quarter of this year, China Yituo Special Vehicle Branch focused on the target market, maintained steady progress and improved quality, and made every effort to meet user needs. It has completed the shipment and delivery of multiple domestic projects such as Ningbo garbage collection and transportation vehicles and Harbin sanitation vehicles. The Special Vehicle Branch is also actively expanding its overseas market. As of now, it has delivered more than 40 engineering forklifts and tank vehicles to Iraqi customers in three batches, and the production of subsequent vehicles has been promoted as scheduled.