HK Stock Market Move | Sinotruk Jinan Truck (03808) rose over 8% in the afternoon, with institutions pointing out that the strong momentum in export of heavy trucks is expected to continue until 2026.

Sinotruk Jinan Truck (03808) rose more than 8% in the afternoon, up 8% to HK$37.8 at the time of publication, with a turnover of HK$341 million. On the news side, Sinotruk Jinan Truck exported over 16,000 heavy trucks in January, setting a new historical record. According to the General Administration of Customs, heavy truck exports in 2025 are expected to increase by 12.5% year-on-year to 371,000 vehicles. Zhongjin believes that there is strong demand for infrastructure such as real estate and highways in regions such as Vietnam, and strong demand for mining investment in Indonesia, Congo, and Tanzania. The growth space for heavy truck demand in Asia, Africa, and Latin America is sustainable. It is optimistic about the long-term opportunities for Chinese heavy trucks to go abroad, and predicts that exports will increase by 5-20% to 350,000-400,000 vehicles in 2026. The bank pointed out that Sinotruk has been deeply cultivating overseas markets for over twenty years, with 37 KD assembly plants and over 700 service outlets and spare parts centers established in key regions such as Asia and Africa. By consolidating its competitive advantage through localized solutions that integrate pre-sales, sales, and after-sales support. Looking ahead, Steyr's Austrian factory announced in March that it will start producing diesel and electric trucks for Sinotruk on an OEM basis, mainly targeting the European, Middle Eastern, and African regions. Sinotruk is actively expanding into the European market with high value and high technological barriers, opening up long-term overseas space.