Gelonghui, January 2 | GTJA Research Reports pointed out that, benefiting from domestic demand and overseas growth, the bus Industry is expected to see an overall recovery in 2024. Yutong Bus Co.,Ltd. (600066.SH), as a dual leader in both the domestic and overseas bus markets, is expected to achieve continuous performance growth in the future. The Target Price has been raised to 32.19 yuan, maintaining a "Shareholding" rating. The bus Industry is expected to continue its recovery in 2025, and the company will continue to benefit. Regarding domestic demand, according to Xinhua News Agency, the Central Economic Work Conference has determined to strengthen and expand the implementation of the "Two New" policy (namely large-scale equipment upgrades and replacing old consumer goods with new ones). Regarding overseas expansion, bus exports are expected to remain strong, and the overseas New energy Fund bus market is still in the early stages and has yet to be affected by unfavorable trade policies.