On October 29, SINOTRUK fell 3.31% in Regular Trading, trading at HK$31.64, with turnover of HK$69.11 million.
The move followed fresh results released on October 27 and subsequent market interpretation highlighting a sequential slowdown in the third quarter alongside softer industry demand. For the first nine months, the A-share listed unit reported revenue of RMB 53.50 billion, up 32.12%, and net profit attributable to shareholders of RMB 1.44 billion, up 37.23%.
However, third-quarter revenue was RMB 15.09 billion, up 5% year over year but down 19.5% from the prior quarter, while quarterly net profit was RMB 470 million, up 22.8% year over year but down 9.6% sequentially. Industry data also showed September heavy-truck sales of about 95,000 units, down roughly 10% year over year, with cumulative growth for the first nine months slowing further.
SINOTRUK is an investment holding company engaged in heavy trucks, light trucks, buses, engines, transmissions, components and financial services.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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