SINOTRUK (03808) gained over 4% again, rising 4.22% to HK$29.14 by the time of writing, with a trading volume of HK$71.04 million. Industry data shows China's heavy truck market sold approximately 100,000 units in November, marking a significant 46% year-on-year increase. Cumulative sales from January to November reached 1.03 million units, up 26% YoY, putting the annual target of 1.1 million units within reach.

Bank of America Securities reported insights from a conference call with SINOTRUK's management, who confirmed smooth progress toward the company's annual sales target of 300,000 units. The company is steadily advancing its 2025 sales and profitability goals while maintaining a disciplined capital expenditure plan of no more than RMB 2 billion annually from 2025 to 2027. Investments will focus on overseas production bases (e.g., Kazakhstan, Brazil, Indonesia). Additionally, SINOTRUK expects a dividend payout ratio of at least 55% during 2025–2027.