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.
Heavy truck sales increased slightly by 116,000 units in March, and Sinotruk (03808) broke 30,000
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 a year-on-year increase of 4%.
[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 | Zoomlion Heavy Industries (01157) rose more than 4%, leading seven construction machinery stock departments to promote large-scale equipment upgrades in the industrial sector
Construction machinery stocks generally rose in early trading. As of press release, Yituo shares (00038) rose 4.64% to HK$6.77; Zoomlion Heavy Industries (01157) rose 3.72% to HK$5.85; Weichai Power (02338) rose 2.22% to HK$16.6; and Sinotruk (03808) rose 1.61% to HK$22.15.
China Construction Machinery Industry Association: Sales of 24,980 excavators of various types fell 2.34% year on year in March 2024
March 2024 Construction Machinery Industry Major Product Sales Report
Tan Xuguang Advocates for Unified Strategy: SINOTRUK and SHACMAN Aim for Synchronized Collaboration in Expanding Into the Philippine Market
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
League of Nations Securities: Overall heavy truck sales in March were in line with expectations, high growth in exports and natural gas
The Zhitong Finance App learned that Guolian Securities released a research report saying that the heavy truck industry's sales volume will recover from the bottom in 2023, domestic sales growth will pick up, and natural gas and exports are structural highlights. Judging from the absolute value of sales, the current sales volume is still below the lower limit of the central sales range. Looking ahead to 2024, engineering and logistics may continue to recover under marginal stimulus from economic policies, and the elimination policy is expected to boost the total volume of the industry. In terms of natural gas, due to supply-side increases, gas prices will fall faster in 2024 than in the same period last year, and will continue to be at a phased low level. They are optimistic that the penetration rate of heavy natural gas trucks will increase in 2024, driving the continuous reform of the industry's profit structure
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
In March, China's heavy truck market sold 106,000 vehicles, up 77% month-on-month
In March 2024, China's heavy truck market sold about 106,000 vehicles (invoicing caliber, including exports and new energy), up 77% from February, slightly down 8% from 115,000 vehicles in the same period last year, with a net decrease of about 9,000 vehicles.
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
Here's What's Concerning About Sinotruk (Hong Kong)'s (HKG:3808) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (RO
No Data