suit measures to local conditions to check

Mechanism is worth learning. Such as the United States, and Japan, such as school bus widely to promote the country, successful school bus operation management mechanisms can be found, not just rely on school bus safety is good or bad in itself, but by the driver of a strict selection system, detailed laws and regulations the old republic power leveling, and strong funding support common integrated set, so the State Department's determination to implement swtor power leveling, will becomeState school bus operation mechanism of the essence. Over the next decade, professional school bus as the bus opens new room to grow. According to our estimates, China's potential demand for professional school bus about 1 million vehicles, the potential market size of 400 billion yuan. Due to improper State regulation is not in place, operating mechanisms and factors such as the lack of purchasing power, the current domesticNegligible number of school bus products rather than professional school bus products causing major casualties in operation process of malignant an endless stream of traffic accident. Recent Gansu Zhengning County school bus accidents have caused major casualties, bad social impact. After the accident, all provinces in the country had set up special supervision of provincial working groups, student school traffic safetySpecial supervision work has been started. Around for reality, suit measures to local conditions to check, development of school bus safety improvements. ����We expect the advancement of these reform measures are expected to drive security, establishment of standard school bus operating mechanism, professional school bus and is expected to drive the market entered a period of explosive growth. Investment targets. Yutong Bus (600,066) as an industry leaderEnterprise, comprehensive competitive advantages. We believe that market of valuations being given to the company and does not take into account professional school bus market is rapid growth for the company's rapid growth in profit again the possibility of company valuations have room for further upgrading. Our company 2011~2013 three years profit forecasting compound growth rate of 30%. Taking into account theMedium bus industry, competition, industry trends, the company's industry-leading status and the possibility of the next three years profit growth again, 2012 times maintain company valuations, the corresponding target price of $ 32.55 maintaining buy ratings on the company. Risk factors. 1), degree of macro-economy downturn, road passengerMigration and further slump in market demand, 2), professional school bus markets start lower-than-expected; 2), the company capacity bottlenecks result fell short of expectations.