HK Stock Market Move | Sinotruk Jinan Truck (03808) rose more than 4% in the afternoon, with domestic heavy truck sales expected to exceed one million for the whole year and future prosperity is likely to exceed expectations again.

Sinotruk Jinan Truck (03808) rose more than 4% in the afternoon, up 4.36% to HK$28.24 as of press time, with a turnover of HK$67.15 million. On the news front, according to data from the First Commercial Vehicle Network, in October 2025, China's heavy truck market sold a total of around 93,000 vehicles, a decrease of about 12% from September of this year, and a significant increase of about 40% from the same period last year's 66,400 vehicles. Cumulative sales for the first ten months reached a high of 916,000 vehicles, and the annual sales breaking one million is already a certainty, with a possibility of even reaching 1.1 million vehicles. China Securities Co., Ltd. released a research report stating that the prospects for domestic heavy truck sales are stable, with continuous growth in exports. They are paying attention to the continuity of domestic subsidies and the opportunity for leading companies to exceed expectations in performance. With the release of domestic replacement demand in 2026, as well as continuous growth in exports, the industry's overall volume is expected to remain stable at a high level. If subsidy policies continue, the outlook could exceed expectations again. At the industry level, it is suggested to pay attention to the continuity of domestic subsidy policies, the strength of macroeconomic policies to expand domestic demand, and the sustainability of export growth.