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Hong Kong Stock Concept Tracking | Domestic commercial vehicle exports of 78,000 vehicles in March, +31% year-on-year performance, showing outstanding performance. Institutions are concerned about the transformation of heavy trucks and natural gas (with c
According to the official WeChat account of the First Commercial Vehicle Network, according to China Automobile Association data (enterprise billing volume, non-terminal actual sales volume, same below), in March 2024, China's truck market (including chassis and tractors) sold a total of 4051 thousand vehicles, a sharp increase of 88% over February this year, and also achieved year-on-year growth, with an increase of 4%. Among these, the heavy truck market (including chassis and tractors) sold 115,800 units, a sharp increase of 94% over February and a slight increase of 0.3% year on year. The year-on-year increase was corrected last month (-23%), achieving both month-on-month and year-on-year increases. CITIC Construction Investment Securities released a research report saying that the Beijing Auto Show
Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation in the future
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the combination of factors such as continued widening oil and gas price differential+lower 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, gas station construction is accelerated in various regions, and supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase from 2024 to 2025. Heavy truck exports have shown strong resilience, sales have broken through steady growth, and the CIS, Middle East/Africa/Southeast Asia, etc., the cost performance advantages of independent heavy trucks are prominent, and the overseas market share continues to rise. Additionally, the value of the trade-in policy
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.
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