China National Heavy Duty Truck Net Profit Drops 30% in the First Three Quarters


    China National Heavy Duty Truck released the third quarterly report of 2009. In the first three quarters, the company realized operating income of 15.649 billion yuan, a year-on-year decrease of 8.60%; net profit attributable to shareholders of listed companies was 322 million yuan, a year-on-year decrease of 34.31%; earnings per share was 0.77 yuan, and net assets yield was 11.71%.

    Among them, from July to September the company achieved operating income of 4.704 billion yuan, an increase of 13.09%; the net profit attributable to shareholders of listed companies was 110 million yuan, a year-on-year increase of 136.16%.

    According to the preliminary sales and sales report, in the third quarter, China Heavy Duty Truck produced 17,881 heavy trucks and sold 17,855 vehicles. From January to September, the company produced 64,628 heavy trucks, a year-on-year decrease of 4.29%, and accumulated sales of 60,281 vehicles, a year-on-year decrease of 13.16. %. However, from a month-on-month perspective, with the gradual recovery of the economy, the monthly sales growth of the company in the second half of the year showed a trend of a month-on-month increase. From July to September, the company's heavy truck sales were 5,672 vehicles, 5,903 vehicles and 6,280 vehicles respectively.

    Tianxiang Gu pointed out that the correlation coefficient between heavy truck consumption and real estate development completed investment is 0.88, and the correlation coefficient with road freight is 0.87. The recovery of real estate development has laid a good foundation for the recovery of trucks such as dump trucks in the heavy truck industry, and the recovery of the logistics industry will promote the sales of semitrailer tractors. This year's annual heavy truck industry sales are expected to remain the same as last year, and next year will enter a high growth period.
    Recently, China National Heavy Duty Truck can be described as good and continuous. On October 13, the company announced that the German company will receive a share of 25% of the company's controlling shareholder, Sinotruck Hong Kong, for a consideration of 560 million euros. Chairman of Chung King Hong Kong's Board of Directors Ma Chun-chieh said at the press conference that this provided 20 years of technical support for CNHTC, and that A shares of CNHTC will take the lead. Because according to the agreement, after the localization of the engine from Europe III to Europe V with Manchester license, the heavy truck A-share company can also use it for a long time, and the future competitiveness of the product will be guaranteed.
    View related topics: China National Heavy Duty Truck Breaks Monthly Sales Record for National Heavy Truck Industry


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