Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the high increase in gas heavy truck+ exports is both improving, and the trade-in policy is further stimulating, and the heavy truck sector is expected to continue to improve in the 24-25 years. 1) The combination of factors such as continued widening oil and gas price differential+falling freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, local gas station construction accelerates, supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase rapidly from 2024 to 2025; 2) Heavy truck exports showed strong resilience, and breakthroughs in steady sales growth, CIS
CMB International: Expanding natural gas/diesel price differentials will further boost sales of heavy natural gas trucks, optimistic about Weichai Power (02338) and Sinotruk (03808)
CMB International anticipates that the current gas/diesel price spread is likely to last longer than in 2023.
Sinotruk (000951.SZ): Main products are heavy trucks
Gelonghui, April 15 | Sinotruk (000951.SZ) said on the investor interactive platform that the company's main products are heavy trucks. The company uses the R&D capabilities of Sinotruk Group to develop, produce and sell intelligent driving heavy truck products.
Should You Investigate Sinotruk Jinan Truck Co.,Ltd (SZSE:000951) At CN¥17.45?
Sinotruk Jinan Truck Co.,Ltd (SZSE:000951), might not be a large cap stock, but it led the SZSE gainers with a relatively large price hike in the past couple of weeks. The company is inching clo
Sinotruk (000951.SZ): the company's product exports account for more than 50% of total sales in 2023
Gelonghui, April 12 | Sinotruk (000951.SZ) said on the investor interactive platform that the company's products are mainly exported through Sinotruk International. As a related party to the company, Sinotruk International's transactions with the company have also been reviewed and approved by the company's board of directors, shareholders' meetings, and in accordance with related transaction approval rules. In 2023, the company's product exports accounted for more than 50% of total sales.
[Hong Kong Stock Connect] Sinotruk (03808) increased to 4.5% in the afternoon, and CMB International continues to be optimistic about its export-driven growth potential
Jinwu Financial News | Sinotruk (03808) showed a positive trend and increased in the afternoon. As of press release, it reported HK$23.05, up 4.54%, with a turnover of HK$957.942 million. CMB International said it will continue to be optimistic about heavy trucks in the short term. China's liquefied natural gas prices have fallen > 40% year to date, but diesel prices have remained high against the backdrop of rising oil prices. According to the bank's calculations, the current price ratio of natural gas/diesel is <0.6 times, and the price difference has increased significantly compared to 0.9 times at the end of December 2023, which helps drive demand for heavy natural gas trucks. In terms of performance, heavy trucks and construction machinery companies listed on Hong Kong stocks
Changes in Hong Kong stocks | Sinotruk (03808) rose more than 4%, leading the industry with sales of about 29,000 heavy trucks in March
Sinotruk (03808) rose more than 4%. As of press release, it rose 4.48% to HK$21, with a turnover of HK$236.566 million.
Changes in Hong Kong stocks | Sinotruk (03808) rose more than 6%, the company's revenue and net profit both increased, and the annual dividend ratio reached 50%
The Zhitong Finance App learned that Sinotruk (03808) rose more than 6%. As of press release, it had risen 5.88% to HK$20.35, with a turnover of HK$972.354 million. According to the news, Sinotruk announced its 2023 annual results. The group received revenue of 85.498 billion yuan (RMB, same below) during the period, an increase of 43.92% over the previous year; profit attributable to the company's equity shareholders was 5.318 billion yuan, an increase of 217.94%; basic profit per share was 1.93 yuan; and a final dividend of 0.965 yuan per share was proposed. The dividend payout ratio increased from 46.2% in 2022 to 2023
Sinotruk (03808) 2023 results conference: This year's dividend ratio has reached 50% and heavy truck exports are expected to remain high in 2024
The heavy truck industry is expected to maintain a relatively steady growth trend this year
Sinotruk (03808) will pay a final dividend of HK$1.063 per share on July 5
Sinotruk (03808) announced that the company will distribute 2023 final shares on July 5, 2024...
BOC International: Maintaining the “Buy” Rating of Sinotruk (03808) and raising the target price to HK$26.49
BOC International believes that as Sinotruk (03808) continues to boost sales of heavy natural gas trucks, there is room for further increase in market share.
[Broker Focus] BOC International raised the target price of Sinotruk (03808) by 5.7% to HK$26.49, indicating that its market share is expected to increase further
Jinwu Financial News | BOC International Development Research Report shows that Sinotruk (03808)'s revenue revenue in 2023 increased 43.9% year on year to 85.498 billion yuan (same in RMB), and net profit to mother surged 217.9% year on year to 5.32 billion yuan, 2% higher than market and bank expectations. Mainly, heavy truck sales recorded a strong recovery in 2023 and improved profit margins due to scale effects. According to the bank, Sinotruk's heavy gas truck sales increased 259% year-on-year in January-February of this year, in line with the bank's previous report expecting Sinotruk to develop heavy natural gas trucks. The bank believes that with Sinotruk boosting sales of heavy natural gas trucks, the city
Sinotruk Jinan Truck's 2023 Profit Surges 405.5%
Sinotruk Jinan Truck's (SHE:000951) net profit attributable to shareholders for 2023 surged 405.5% to 1.08 billion yuan from 213.7 million yuan in the preceding year, according to the company's annual
Wanxiang Qianchao (000559.SZ) provides long-term stable supply to key users such as Mercedes-Benz, BMW, Toyota, Volkswagen, GM, Ford, FAW, SAIC, GAC, and Sinotruk
Gelonghui, March 26 | Wanxiang Qianchao (000559.SZ) said on the investor interactive platform that in terms of products, the company is committed to the development and manufacture of automotive parts, specializing in the production of parts and assemblies such as universal joints, drive shafts, constant velocity drive shafts, wheel units, bearings, brakes, automotive electronics, shock absorbers, fuel tanks and aftertreatment systems. The company currently has 3 individual manufacturing champions for universal joints, wheel units, and transmission shafts, 5 national specialized, and innovative “little giant” enterprises, and a number of provincial specialized and innovative enterprises. On the market side, the companies are Mercedes-Benz, BMW, Toyota, Volkswagen, GM, and Ford
Sinotruk (03808) will pay a final dividend of HK$1.063 per share
Sinotruk (03808) announced that the company will distribute recommendations for the year ended December 31, 2023...
Oriental Securities: A separate assessment of the NEV business promotes value reshaping, and the profitability of central and state-owned enterprises is expected to further improve
It is recommended to focus on listed automobile central state-owned enterprises with strong competitiveness in the segment.
Changes in Hong Kong stocks | Sinotruk (03808) rises more than 5%, and the heavy truck market will enter the traditional “peak season”. Institutions are optimistic about a new upward cycle
Sinotruk (03808) rose more than 5% and rose 5.18% at press time to HK$20.3, with a turnover of HK$29.08 million.
Why We're Not Concerned About Sinotruk Jinan Truck Co.,Ltd.'s (SZSE:000951) Share Price
Sinotruk Jinan Truck Co.,Ltd.'s (SZSE:000951) price-to-earnings (or "P/E") ratio of 37.7x might make it look like a sell right now compared to the market in China, where around half of the companies
Dongwu Securities: Clarify the quantitative goal of trade-in once again and continue to be optimistic about the main investment opportunities in the automotive sector under policy catalyst
On March 13, 2024, the State Council officially issued the “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-In”, once again clarifying the quantitative goals of trade-in.
Sinotruk (03808): Restricted Stock Incentive Plan was officially adopted on March 17
Sinotruk (03808) issued an announcement on matters relating to the company's proposal to adopt a restricted stock incentive plan...
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