On August 19, SINOTRUK fell 3.19% in regular trading, trading at HK$38.18/share, with turnover of approximately HK$76.02 million. The decline came amid a broad selloff across the Construction Machinery and Heavy Trucks sector.
The sector saw widespread weakness on the day, with Weichai Power down 7.54%, Sany International down 4.48%, Times Electric down 2.45%, and Sany Heavy Industry down 2.17%. Despite SINOTRUK reporting robust operational data for January through July — cumulative heavy truck sales of 218,700 units representing 27% year-over-year growth and a 29.4% market share firmly holding the industry's top position — the July industry data showed clear month-over-month softening following four consecutive months of growth. The seasonal slowdown, combined with capital outflows from the sector, weighed on short-term share prices across the board.
Notably, SINOTRUK's July new energy heavy truck sales surged 164.8% year-over-year with a 17.3% market share, and the company's upcoming interim results are scheduled for board review on August 26, with Citi previously forecasting first-half revenue growth of 40% to RMB 71 billion.
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