HK Stock Market Move | Sinotruk Jinan Truck (03808) is now down more than 4%, heavy truck sales in December have seen a strong finish, and institutions say the sustainability remains to be observed.

Sinotruk Jinan Truck (03808) is currently down more than 4%, as of the time of writing, it is down 3.87% at HKD 22.35, with a trading volume of 37.68 million Hong Kong dollars. On the news front, Sinotruk Jinan Truck stated in its investor relations that according to data from the China Association of Automobile Manufacturers, China's heavy truck market is expected to sell a total of 901,700 vehicles of various types in 2024, a year-on-year decrease of 1.03%. The company's production and sales for 2024 have both increased compared to the previous year, outperforming the industry average. At the same time, the company's market share and overall profitability have steadily improved. Huafu Futures pointed out that in December, heavy truck sales showed signs of a seasonal rebound as the subsidy policy comes to an end, and the sustainability of this trend remains to be seen. Founder also noted that Sinotruk Jinan Truck H and the A-share listed company Sinotruk Jinan Truck A, although they share the same name, have significantly different shareholding structures and asset compositions. Heavy Truck H holds a 51% stake in Heavy Truck A, indicating that Heavy Truck A is subordinate to Heavy Truck H.