Movement Alert|SINOTRUK Rises 3.43% in Regular Trading, Board Reviews Interim Results and Dividend Today

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Yesterday

On August 26, SINOTRUK rose 3.43% in regular trading, trading at HK$39.78/share, with turnover of HK$29.64 million. The rise was driven by the company's board convening today to review unaudited interim results for the six months ended June 30 and to discuss the payment of an interim dividend.

According to a prior company announcement, the board meeting agenda includes approving the publication of interim results and deliberating on potential share transfer registration suspension arrangements related to dividends. Management had previously raised full-year export sales guidance from 180,000-190,000 units to 200,000-220,000 units, while domestic heavy truck industry sales forecasts were also lifted to 850,000 units. Citibank estimated H1 revenue growth of approximately 40% year-over-year to RMB 71 billion, with adjusted net profit of RMB 4.28 billion, up 25% year-over-year. The company's H1 heavy truck sales reached 188,500 units, up 26.69% year-over-year, maintaining the top industry market share at 28.5%. The market holds optimistic expectations for both interim earnings and dividend payout given the company's track record of increasing distribution ratios.

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