HK Stock Market Move | Sinotruk Jinan Truck (03808) rose over 4% again in November, with domestic heavy truck sales increasing by 46% year-on-year. It is expected to exceed 1.1 million vehicles for the whole year.

Sinotruk Jinan Truck (03808) rose by over 4%, as of the time of writing, it has risen by 4.22%, reaching 29.14 Hong Kong dollars, with a trading volume of 71.04 million Hong Kong dollars. On the news front, according to preliminary data from the First Commercial Vehicle Network, in November, China's heavy-duty truck market sold a total of around 100,000 units, an increase of about 46% compared to the same period last year. From January to November this year, China's heavy-duty truck market has accumulated sales of 1.03 million units, an increase of about 26% year-on-year; the total sales of 1.1 million units are within reach. Bank of America Securities issued a report stating that they had a conference call with Sinotruk Jinan Truck. The management team stated that the company's annual sales target of 300,000 units is progressing well. The company is steadily advancing towards its sales and profit margin targets for 2025, and plans to maintain a prudent capital expenditure plan between 2025 and 2027, not exceeding 2 billion yuan each year, focusing on overseas production base construction (such as Kazakhstan, Brazil, Indonesia). The dividend payout ratio for 2025-2027 is expected to be no less than 55%.