Zhongtong Bus announced that on January 22, 2026, the company disclosed land collection, storage and new energy project upgrading and construction matters. Up to now, the company and its wholly-owned subsidiary Shandong Tongsheng Automobile Technology Co., Ltd. are located east of Liaowei Road, south of South Ring Road, west of Feicui City, and north side of Weiyi Road. The actual storage area of state-owned land use rights and ground attachments has completed government land collection and storage work. The compensation for this collection, storage and relocation is RMB 120 million. According to estimates, it is estimated that the company's net profit for the first half of 2026 will increase by about RMB 56.82 million.
Zhitongcaijing · 1d ago
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Zhongtong Bus announced that on January 22, 2026, the company disclosed land collection, storage and new energy project upgrading and construction matters. Up to now, the company and its wholly-owned subsidiary Shandong Tongsheng Automobile Technology Co., Ltd. are located east of Liaowei Road, south of South Ring Road, west of Feicui City, and north side of Weiyi Road. The actual storage area of state-owned land use rights and ground attachments has completed government land collection and storage work. The compensation for this collection, storage and relocation is RMB 120 million. According to estimates, it is estimated that the company's net profit for the first half of 2026 will increase by about RMB 56.82 million.
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