King Long to be an “Sales of Ten Billion Yuan Enterprise"

In these two years, in the process of transformation of management, King Long builds up with a set of behavior standard and realizes his management standardization, fineness and management information same as some international companies to lay the foundation for enterprise international strategic target realization.

These years, King Long’ business performance is steadily rising which shows total sales amount RMB 2.8 billion in 2005, RMB 4.5 billion in 2007, RMB 6.5 billion in 2010, in addition to financial crisis in 2009. The average rate is about 20%.

Light buses project is a new business area for King Long in recent years. After three years of development, in 2011, King Long successfully sold 10,000 units and ranks top five. In overseas market, it cultivates the market in Africa, Southeast Asia and South America. It is reported that in 2011 King Long exports more than 5000 units of light buses which ranks top one in the industry.

　
The accumulative total investment of King long during the year of 2009 and 2013 reaches RMB 500 million on the enterprise's hardware and software upgrading, which mainly includes research and development center, test center, high-end production line, the bus cathodic electrophoretic workshop. Through the construction of the project, it is to enhance development and the management level of King Long, so as to create a "Technology King Long” as its new name card.