SinoTruk (03808) rose more than 11% after the profit delight, with a gain of 11.04% to HKD 19.92 at the time of the press release, and a turnover of HKD 42.2537 million.
According to the Zhitong Finance APP, SinoTruk (03808) rose more than 11% after the profit delight, with a gain of 11.04% to HKD 19.92 at the time of the press release, and a turnover of HKD 42.2537 million.
On the news front, SinoTruk announced its profit delight, and it is expected that in the first half of 2024, the equity shareholders' share of the company's surplus over the same period in 2023 will increase by 30% to 45% to CNY 2.358 billion. The company benefits mainly from the stable development of the domestic macro economy, the continuous growth of the overseas heavy truck market, the grasp of market opportunities by the group, the increase in product sales, the continuous enhancement of cost control, and the steady improvement of profitability. In addition, according to data from the China Association of Automobile Manufacturers, SinoTruk sold 0.1394 million heavy trucks in the first half of 2024, an increase of 7.4% year-on-year, higher than the industry growth rate, and its market share reached 27.63%, once again winning the double crown of sales volume and market share.