HK Stock Market Move | Sinotruk Jinan Truck (03808) soared nearly 10% in the morning session, with heavy truck sales in April increasing by nearly 40% year-on-year. The heavy truck industry maintains a high level of prosperity.

Sinotruk Jinan Truck (03808) rose nearly 10% in early trading, up 8.6% as of press time, at 40.92 Hong Kong dollars, with a turnover of 2.45 billion Hong Kong dollars. On the news front, entering April, the heavy truck market continued to show a trend of strong seasonal growth, with sales reaching 122,000 units in April, a year-on-year increase of 39%, and hitting the highest point in April sales in the past five years. Sinotruk Jinan Truck sold 34,000 heavy trucks in April, a year-on-year increase of 34%; the company's cumulative sales from January to April reached 121,000 units, a year-on-year increase of 21%, with a market share of 27.5%, maintaining its position as the leader in the domestic heavy truck industry in terms of sales and exports. Huatai released a research report stating that looking towards 2026, the industry will benefit from the rapid connection of two new policies (domestic sales) and breakthroughs in key regions in Asia, Africa, and Latin America (exports), and the bank is optimistic that the heavy truck industry will maintain a high level of prosperity. The company, as a leading heavy truck enterprise, is expected to benefit first, and the bank maintains a "buy" rating.