Sinotruk's performance in the first half of 2024 was good, and the heavy-duty truck industry is expected to maintain stable growth in the second half of the year and next year

Sinotruk (000951) held a performance briefing on August 23, 2024. According to data from the First Commercial Vehicle Network, my country's heavy-duty truck market sold about 504,500 vehicles in the first half of 2024, a year-on-year increase of 3.3%. Sinotruk's cumulative sales in the first half of the year were 70,500 vehicles, a year-on-year increase of 15.8%, revenue of 24.4 billion yuan, a year-on-year increase of 21%, and net profit of 850 million yuan, a year-on-year increase of 24.6%. The company said that it will continue to promote various measures to improve product quality and competitiveness, and is optimistic about the prospects of the heavy-duty truck industry in the second half of this year and next year.