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China National Heavy Duty Truck announced on the 27th that due to increased demand for commercial vehicles, net profit in the first half of the year increased by 77% to RMB 839.6 million, with no dividend payable in the medium term.
Integrated Media reported on August 27 that Chinese truck manufacturer Sinotruk (Hong Kong) Ltd. (3808.HK, referred to as China National Heavy Duty Truck) said on the 27th that net profit increased by 77% in the first half of the year. Due to increased demand for commercial vehicles.
The company announced that the company’s first-half net profit was RMB 839.6 million, which was higher than RMB 475.1 million during the same period of last year. Revenue increased by 53% from RMB 14.56 billion to RMB 22.25 billion.
The company is a subsidiary of China National Heavy Duty Truck Group Co. (or Sinotruk, referred to as China National Heavy Duty Truck Group), the largest heavy truck manufacturer in China.
As in 2009, the company did not recommend the distribution of an interim dividend.
In 2009, the German truck manufacturer and engineering company MAN SE (MAN.XE) ​​purchased a 25% stake in Sinotruk for 560 million euros. This made the Chinese truck manufacturer, who plans to become a major truck exporter, gain MAN's advanced status. Engine technology.
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