On the evening of October 13，Sinotruk（000951.SZ）Release the performance forecast for the first three quarters of 2023。The company expects to achieve a net profit of 6 in the first three quarters of 2023..2.5 billion yuan to 6.9.5 billion yuan，Year-on-year growth of 75%To 95%。Among，7-Net profit attributable to parent company in September 1.4.6 billion yuan to 1..6.4 billion yuan，Year-on-year growth of 300%To 350%。
The company said，The main reason for the growth of performance is the overall improvement of macroeconomic operation.、Logistics heavy Truck demand rebound and other factors to promote，Strong momentum maintained by superimposed exports，The recovery of the heavy Truck industry is obvious.。The company continuously improves product quality and product competitiveness.，Speed up product optimization and structural adjustment，Precise implementation of marketing strategies，Production and sales have achieved good growth.，Profitability has been further improved.。
Overseas market becomes the second growth curve
The third quarter of 2023，Sinotruk's growth momentum continues to be strong，Increasing market share，Further consolidate the leading position in the industry。According to CAAC data，2023 1-September，Sinotruk Achieves Heavy Truck Sales 19.140,000，Year-on-year growth of 52.3%，Market share of 27 percent.1%，An increase of 3% over the same period in 2022.1 percentage point，Ranking first in the industry。
It is worth noting that，Overseas market is the main driving factor of China's heavy truck industry，The overseas market advantage of Sinotruk Group is particularly obvious.，1-Realize heavy truck export in September 9.90,000，Year-on-year growth of 71.95%，Continue to be strong。Export business accounts for more than 50% of the company's sales%，Become a strong growth point。
Export products are ready to go
Recently, China's independent heavy truck brands have significantly improved their position in overseas markets.，Increased demand for infrastructure in many emerging economies、Release of rigid transport demand overstocked in overseas markets、Many factors such as the promotion of independent brand influence are superimposed.，Greatly increase domestic heavy truck export sales。
GF Securities believes that，Since the second half of 2020，Supply Chain Takes the Lead in Recovery, Providing Breakthrough Opportunities for Chinese Heavy Truck Brands，Cost performance ratio supports the logic of long-term export growth，Word-of-mouth communication may continue to contribute to the positive impact.，In 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.。
Industry expectations remain unchanged
Except for overseas markets，Economic recovery、Consumption boost、There is a strong demand for gas Vehicles、The fourth national Vehicle renewal policy and other factors have laid the foundation for the domestic market.，The industry still maintains good expectations.。
For the development of heavy truck industry in the fourth quarter of this year and in the future，Sinotruk has expressed optimistic expectations in recent exchanges with investors.。Sinotruk said，The fourth quarter is driven by the gas vehicle market.，The proportion of Tractor structure in the domestic market will reach 50%Above，Among them, the proportion of gas vehicles will be higher.，In the future, the proportion of structure will increase steadily.。The company believes，Gas vehicles will remain the mainstream of the market in the fourth quarter of this year and the first quarter of next year.，It will be reflected in both Tractor and truck markets.。Low Gas Price of Gas Vehicle Brings Low Cost to Users，Increase the replacement demand of fuel vehicle users in stock。At the same time，The fourth quarter was affected by the relevant national policies on real estate and infrastructure projects.，The engineering vehicle market will also improve.。
Prospects for industry recovery，Sinotruk also said.，With the gradual return of social economy to normal，The landing of various national economic stabilization policies，Consumer confidence is restored.、The acceleration of fixed asset investment will drive the steady growth of the economy.。Natural renewal brought by industry ownership、Demand growth and market brought about by macroeconomic stabilization and growth“Oversold”After the rebound in demand，Speed up the renewal of the fourth national vehicle in policy、Increasing the proportion of new energy and other factors will bring new increments to the industry demand.。At the same time，Development and trend of overseas market，The demand and development of the heavy truck market have also played a better supporting role.。
Many research institutes are also optimistic about the development prospects of the heavy truck industry.。Caitong Securities believes，The year-on-year growth trend of heavy truck sales in 2023 is expected to continue.，On the one hand, the economic fundamentals are gradually recovering.，It is expected to boost freight demand and heavy truck sales.，On the other hand，Export will become a new growth point of heavy truck industry this year.。
Southwest Securities is optimistic about China Heavy Truck and other industry leaders with high performance certainty in the research report.，It is believed that the domestic economy is stable and the mainstream heavy truck enterprises are actively exploring the overseas market.，The follow-up heavy truck industry will continue to recover.。
