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Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the high increase in gas heavy truck+ exports is both improving, and the trade-in policy is further stimulating, and the heavy truck sector is expected to continue to improve in the 24-25 years. 1) The combination of factors such as continued widening oil and gas price differential+falling freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, local gas station construction accelerates, supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase rapidly from 2024 to 2025; 2) Heavy truck exports showed strong resilience, and breakthroughs in steady sales growth, CIS
CMB International: Expanding natural gas/diesel price differentials will further boost sales of heavy natural gas trucks, optimistic about Weichai Power (02338) and Sinotruk (03808)
CMB International anticipates that the current gas/diesel price spread is likely to last longer than in 2023.
Zhongyuan Securities released a research report on April 16 stating that it gave Sinotruk (000951.SZ) a purchase rating. The main reasons for the rating include: 1) the heavy truck industry continues to recover, and the market share of Sinotruk Group cont
Zhongyuan Securities released a research report on April 16 stating that it gave Sinotruk (000951.SZ) a purchase rating. The main reasons for the rating include: 1) the heavy truck industry continues to recover, and the market share of Sinotruk Group continues to rise; 2) the volume and price of the company's vehicle business has risen sharply, and the scale effect has led to an improvement in gross margin; 3) sales in overseas markets have reached a record high and continue to cultivate domestic market segments; 4) the heavy truck industry will continue to recover rapidly in 2024. (Mainichi Keizai Shimbun)
Sinotruk (000951) Company Review Report: “Export+Natural Gas” Dual Drive Profitability Has Improved Significantly
Investment highlights: Event: The company released its 2023 annual report. In 2023, the company achieved operating income of 42,070 billion yuan, +45.96% year-on-year; realized net profit of 1,080 billion yuan, +405.52% year-on-year
Sinotruk (000951.SZ): Main products are heavy trucks
Gelonghui, April 15 | Sinotruk (000951.SZ) said on the investor interactive platform that the company's main products are heavy trucks. The company uses the R&D capabilities of Sinotruk Group to develop, produce and sell intelligent driving heavy truck products.
Sinotruk (000951.SZ): the company's product exports account for more than 50% of total sales in 2023
Gelonghui, April 12 | Sinotruk (000951.SZ) said on the investor interactive platform that the company's products are mainly exported through Sinotruk International. As a related party to the company, Sinotruk International's transactions with the company have also been reviewed and approved by the company's board of directors, shareholders' meetings, and in accordance with related transaction approval rules. In 2023, the company's product exports accounted for more than 50% of total sales.
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