Sinotruk: Net Profit in the First Quarter Increased by 80% over the Same Period Last Year and Continued to Maintain the Leading Share

April 28，Sinotruk（000951.SZ）Release the first quarter report of 2023。During the reporting period，The company achieved operating income of 92..1.4 billion yuan，Year-on-year growth of 22.9%，Net profit attributable to parent company 2.3.4 billion yuan，Year-on-year growth of 80.53%。On a month-on-month basis，In the first quarter of this year, compared with the fourth quarter of last year, the company achieved an increase in operating income and net profit.。

Good performance is the result of China Heavy Truck Group's sustained efforts in the context of industry recovery.。2022 after deep adjustment，Heavy Truck industry ushered in a turning point in 2023，The upward trend is established。According to CAAC data，First quarter of 2023，Heavy Truck sales of domestic enterprises totaled 24..130,000，Year-on-year growth of 4.05%，Especially in March, heavy truck sales 11.540,000，Year-on-year、The month-on-month growth rate reached 50 percent%，The growth momentum is obvious。

As the industry leader, China Heavy Truck Group，Continued last year's strong market share.，Achieved a good start in the first quarter of this year.。According to CAAC data，Heavy Truck Sales of Sinotruk Group in the First Quarter 6.760,000，Year-on-year growth of 23%，Market share of 28%Ranked first in the industry，Continue to lead。Especially in March，Sinotruk Group achieved sales volume of 3.20,000，It is the only enterprise that sells more than 30000 Vehicles.，Win the championship strongly，Up 109% year-on-year%，Outperform the market，And led the industry，The performance is eye-catching。

The strong performance in the export market is an important reason why Sinotruk continued to lead in the first quarter.。China Heavy Truck Group has maintained the first heavy truck export in China for 18 consecutive years.。According to the General Administration of Customs,，First quarter of this year，China Heavy Truck Export 6.870000 Vehicles，Year-on-year growth of 103.6%。

Guangfa Securities is optimistic about China's truck export market，It is believed that the insufficient supply of trucks in overseas markets provides a breakthrough opportunity for the export of Chinese brand trucks.，Cost performance ratio supports the logic of long-term export growth，Central and South America and“The Belt and Road”The country is expected to maintain a good momentum.，And gradually break through the rest of the market，Or it will become the second growth curve focused by Chinese brand commercial Vehicle enterprises.。

There is no doubt that Sinotruk has a significant advantage in the international market competition.。By the end of 2022，The group has developed about 240 distribution networks at all levels in more than 90 countries and regions.，About 250 service outlets and about 220 spare parts outlets。

China Heavy Truck said in previous exchanges with investors.，It will continue to assist Sinotruk International to continuously enrich the types of export products.，Enhance overseas marketing and after-sales network capabilities，Increase overseas market expansion。

In addition to the traditional advantage business sector，New energy heavy truck is also a new performance growth highlight of China Heavy Truck Group.。According to the data released by the media，Total sales of 268 new energy heavy trucks in the first quarter of 2023，Year-on-year increase of 370%；Sales in March were 134 vehicles.。China Heavy Truck Group has a relatively complete layout in new energy products.，Around“One master leads、Two-wing drive”Product planning，Build pure electric as the core，Technology matrix supported by hybrid and fuel cell，Facing the port、Steel Mill、Urban construction dregs、Cement mixing、Municipal sanitation、Typical application scenarios such as urban distribution logistics，Traction was developed、Self-unloading、Dedicated、Light truck cargo and other products。On the product side，Company implementation“Central drive+Power change and electric drive bridge+Charge”Differentiated product mix strategy，In recent years, the market share of new energy heavy trucks has steadily increased.。

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