HK Stock Market Move | Sinotruk Jinan Truck (03808) rises more than 4%, exceeding expectations in the heavy truck market in March. The company's industry leading position is further consolidated.

Sinotruk Jinan Truck (03808)rose more than 4%, as of the time of publication, it has risen 4.58% to 44.28 Hong Kong dollars, with a turnover of 5.83 billion Hong Kong dollars. On the news side, according to statistics from the First Commercial Vehicle Network, in March of this year, China's heavy truck market sold approximately 132,000 vehicles (wholesale basis, including exports, new energy), an 80% increase month-on-month and an 18% increase year-on-year, reaching a new high in sales for the same period in the past five years. It was reported that a senior executive of a leading domestic heavy truck enterprise said, "The increase in sales volume started in March has been a rule in the heavy truck market for many years, but the heavy truck sales in March of this year did indeed exceed the general industry's expectations." The founder had previously stated that by 2025, the company's heavy truck sales would reach 304,900 vehicles, with a market share of 26.6%, not only topping the domestic industry for four consecutive years, but also becoming the global leader in heavy truck sales for the first time, further consolidating its industry leader position. In terms of exports, the company's product exports continue to maintain a good trend, with overseas markets becoming important growth drivers. Looking ahead to 2026, the company set a target revenue of 122.5 billion yuan (up 12% year-on-year) at the performance briefing, demonstrating management's confidence in future development.