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Cnhtc Sinotruks net profit in the first half of the year is expected to increase by 45-65
Data：2023-07-06 Source：SINOTRUK Pv：
SINOTRUK Jinan Truck Co., Ltd. (hereinafter referred to as "SINOTRUK") recently released the semi-annual performance forecast for 2023. It is expected to achieve a net profit of 465 million to 529 million yuan in the first half of the year, with a year-on-year increase of 45% to 65% in net profit .
Regarding the reasons for the change in performance, SINOTRUK stated that during the reporting period, benefiting from the steady improvement of the domestic macro economy and the increase in demand in overseas markets, the heavy truck industry has recovered significantly. The company seizes market opportunities, is customer-oriented, takes products as the core, continuously optimizes product and business structure, and continuously improves brand, channel, and marketing capabilities. Product sales have achieved good growth and profitability has improved significantly.
Regarding the reasons for the change in performance, SINOTRUK stated that during the reporting period, benefiting from the steady improvement of the domestic macro economy and the increase in demand in overseas markets, the heavy truck industry has recovered significantly. The company seizes market opportunities, is customer-oriented, takes products as the core, continuously optimizes product and business structure, and continuously improves brand, channel, and marketing capabilities. Product sales have achieved good growth and profitability has improved significantly.
SINOTRUK is mainly engaged in the manufacturing and sales of heavy-duty trucks, heavy-duty special-purpose vehicle chassis, axles and other auto parts. It is the leader in the production and sales of heavy-duty vehicles under my country National Heavy Duty Truck Group Co., Ltd., which is known as the cradle of China's heavy-duty vehicle industry. enterprise. At present, it has "Yellow River", "Howo (HOWO)" and other brands and series models. It is a heavy-duty vehicle manufacturer with a relatively complete coverage of driving forms and tonnages in my country's truck industry, and it is also one of the largest heavy-duty truck manufacturing bases in China. The company's products sell well at home and abroad, and are exported to more than 110 countries and regions in the world, ranking first in the export of domestic heavy truck industry for more than ten consecutive years. In March 2022, SINOTRUK was listed in the first batch of "Haopin Shandong" high-end equipment list.
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