| In 2006, Golden Dragon continued to exhibit a strong growth momentum and sold a record 17,500 coaches, including nearly 10,000 large and medium coaches. With such sales, Golden Dragon enjoyed a market share of 12.6% and a turnover of RMB 3.8 billion, and its integrated operating indicators continued to rank among the top in the coach industry. Thus far, Golden Dragon has achieved steady growth for 14 straight years, attracting intense attention from the industry.
In addition to expanding its shares in the domestic market, Golden Dragon has made strong efforts to tap into the international market. So far, our products have been exported to Eastern Europe, Middle East, Southeast Asia, South Africa, North Africa and Central America. In 2006, Golden Dragon exported USD 35 million worth of products, surging 120% over the previous year. More significantly, on August 17, 2006, Golden Dragon was designated as a national complete vehicle export base by the Ministry of Commerce and the National Development and Reform Commission.
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