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SINOTRUK (000951.SZ): The market share and overall profitability of the company's products have achieved steady improvement.
According to Gelonghui on January 15, SINOTRUK (000951.SZ) stated in its investor relations that, based on data from the China Automobile Association, the sales of various heavy-duty truck models in China's market will be 901,700 units in 2024, reflecting a year-on-year decrease of 1.03%. The company expects to maintain growth in both production and sales in 2024, which is overall better than the Industry level. Meanwhile, the market share and overall profitability of the company's products have steadily improved. As we enter 2025, based on the company's production scheduling over the past two weeks, production is being carried out in an orderly manner and maintaining a stable trend.
CICC: The auto market will be prosperous in 2024, and the continuation of trade-in for new vehicles is expected to support domestic demand in 2025.
The old-for-new policy in 2025 is expected to support the annual domestic demand for Passenger Vehicles.
China Merchants: The trade-in policy for old vehicles to new ones will include National IV heavy trucks in 2025, which is expected to boost domestic demand in the Industry.
Currently, the number of Euro IV vehicles in operation in the freight market is significantly higher than that of Euro III vehicles. Therefore, after expanding the subsidy range in 2025, the potential demand for replacing new vehicles is expected to double compared to last year, further stimulating the elasticity of domestic demand in the heavy truck Industry.
Ping An Securities: The policy for replacing old Autos with new ones is clear, and the stimulating effect will exceed that of 2024.
The impact of policies on auto sales in 2025 will be stronger than in 2024, combined with the Electric Vehicles purchase tax policy, there is a bullish sentiment regarding the stimulating effects of multiple overlapping policies on Electric Vehicles.
Hong Kong stocks activity | SINOTRUK (03808) rises over 3% again, a new round of upward cycle for heavy trucks may begin, and the new demand in the domestic market shows strong resilience.
SINOTRUK (03808) rose over 3% again, as of the time of writing, it increased by 2.71%, priced at 22.7 Hong Kong dollars, with a transaction volume of 61.6025 million Hong Kong dollars.
Sinotruk Jinan TruckLtd (SZSE:000951) Shareholders Have Earned a 32% Return Over the Last Year
Why We're Not Concerned About Sinotruk Jinan Truck Co.,Ltd.'s (SZSE:000951) Share Price
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