000951 Sinotruk Jinan Truck
- 16.53
- +0.12+0.73%
Sinotruk Jinan Truck News
Sinotruk (03808): Liu Zhengtao was appointed as an executive director and member of the executive committee
Sinotruk (03808) issued an announcement, effective May 13, 2024: Ms. Zhao Hong has resigned as executive director...
Chinese Commercial Vehicle Sales Rise 8% in January-April Period
Commercial vehicle sales in China jumped 8.1% to 1.4 million units in the January-April period, Xinhua News Agency reported Saturday, citing the China Association of Automobile Manufacturers. Domestic
League of Nations Securities: Heavy truck sales rebounded at the bottom, and the recovery trend is expected to continue
Guolian Securities released a research report saying that the heavy truck industry's sales volume recovered from the bottom in 2023, domestic sales growth picked up, and overseas growth continued. Judging from the absolute value of sales, domestic sales are still below the central level. With marginal economic policy stimulus, engineering and logistics are expected to continue to recover, and the natural gas truck industry chain is optimistic. In terms of exports, growth in emerging markets such as Central Asia and South America is expected to hedge against Russia's incremental decline and continue to grow steadily as a whole. Due to the increase in the share of exports and natural gas, the profit structure has been greatly optimized, and profit elasticity is stronger than sales elasticity. Combined with low capital expenses and an excellent competitive pattern, the commercial vehicle dividend ratio continues to rise. Key recommendations:
Orient Securities: The profit side of the industry recovered clearly year on year, and leading NEV companies are expected to continue to expand their market share
The profit side of the automobile industry recovered significantly year-on-year in the first quarter of 2024; the profitability performance of automakers was divided, commercial vehicles improved overall, and the profitability of parts companies increased year-on-year.
Sinotruk (000951): High growth performance of natural gas+ exports maintains a high growth rate
Event: The company released its report for the first quarter of 2024. 2024Q1 achieved revenue of 11.43 billion yuan, an increase of 24.0% year on year, and net profit to mother of 270 million yuan, an increase of 22.4% year on year. The Group's sales growth rate exceeds that of the industry
Hong Kong heavy machinery stocks continued to fall. Sinotruk fell nearly 6%, while Sany International, Zoomlion Heavy Industries, and Morimatsu International all fell by more than 1.5%.
Hong Kong heavy machinery stocks continued to fall. Sinotruk fell nearly 6%, while Sany International, Zoomlion Heavy Industries, and Morimatsu International all fell by more than 1.5%.
Sinotruk (000951): Heavy truck leading position stabilizes exports and natural gas contributes to structural growth
Core view The company's revenue, net profit to mother, and net profit after deducting non-net profit for the first quarter of 2024 were 11.427 billion yuan, 274 million yuan, and 263 million yuan respectively, up 24.02%, 22.36%, and 18 million yuan, respectively.
Sinotruk (000951): 2024Q1 performance achieved year-on-year growth, benefiting from the upward cycle in the heavy truck industry
Incident: The company released its 2024 quarterly report. In 24Q1, it achieved operating income of 11.43 billion yuan, up 24% year on year; net profit to mother was 270 million yuan, up 22.4% year on year; net profit after deduction was 2.6 billion yuan
Sinotruk (000951): Steady operating revenue and net profit attributable to mother in 24Q1 were +24.0% and +22.4%, respectively.
Core view: 24Q1 revenue and net profit attributable to mother were +24.0% and +22.4%, respectively. The company disclosed its quarterly report for 2014 and achieved revenue of 11.43 billion yuan in 24Q1, +24.0% year over year and +1 month over month.
Sinotruk (000951): 1Q24 performance increased year over year, operating cash flow hit a five-year high
1Q24 results are in line with our expectations. The company announced 1Q24 results: revenue +24%/+1% YoY to 11.43 billion yuan, net profit to mother +22%/-36% YoY to 274 million yuan, after deducting non-net profit
Sinotruk (03808) will pay a final dividend of HK$1.063 per share on September 6
Sinotruk (03808) announced that the company will pay a final dividend of 1.0 per share on September 6, 2024...
Automobile stocks fluctuated and declined. Changan Automobile fell more than 8%, Sinotruk fell more than 6%, and Jinlong Motor, JAC, Zhongtong Bus, and Zotye had the highest declines.
Automobile stocks fluctuated and declined. Changan Automobile fell more than 8%, Sinotruk fell more than 6%, and Jinlong Motor, JAC, Zhongtong Bus, and Zotye had the highest declines.
Sinotruk (000951): The year-on-year performance growth cycle continues to improve
Investment Highlights Performance Overview: The company released its 2024 quarterly report, achieved revenue of 11.427 billion yuan in 24Q1, +24.02%/+1.07% year-on-month, respectively, and net profit of 274 million yuan to mother, year-on-month
Express News | Sinotruk: Net profit attributable to mother for the first quarter was 274 million yuan, up 22.36% year on year
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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