SINOTRUK (03808) gained over 4%, rising 4.02% to HK$24.32 with trading volume of HK$24.1759 million as of press time.

According to preliminary data, China's heavy truck market sold approximately 105,000 units in September 2025 (wholesale basis, including exports and new energy vehicles), representing a 15% month-on-month increase and a substantial 82% year-on-year surge. The heavy truck market has now achieved six consecutive months of growth.

Guotai Haitong Securities noted that with economic recovery and the launch of the 2025 heavy truck "trade-in" policy, domestic heavy truck sales are expected to gradually rebound. The institution believes growth opportunities still exist in the heavy truck industry, specifically through domestic market recovery and sustained export growth. Additionally, the development of natural gas heavy trucks and rising industry barriers are expected to enhance profitability for leading companies.