SINOTRUK (03808) surged over 5% in afternoon trading. As of press time, the stock rose 5.13% to HK$22.12, with trading volume reaching HK$137 million.

On the news front, data shows that August heavy truck wholesale sales reached approximately 87,000 units, a significant year-on-year increase of about 40% and a 2% month-on-month rise from July. This figure ranks second only to the 130,000 units sold in August 2020, marking the second-highest level for the same period in nearly eight years.

Industry analysts believe that terminal heavy truck sales achieved approximately 50% year-on-year growth in August, traditionally a slow season for the industry, demonstrating the sensitivity of heavy truck sales to policy catalysts and fully reflecting the significant driving effect of the "trade-in" policy on heavy truck sales. With the arrival of the peak selling season in September and October, and the approaching deadline for policy applications by year-end, sales are expected to welcome another wave of growth.

Market research indicates that heavy truck subsidy policies have been basically implemented nationwide, and Q3 terminal demand is expected to continue expanding, releasing wholesale sales elasticity. Combined with a relatively low base from the previous year, year-on-year growth rates are expected to rise further. For the full year, subsidies are expected to drive an incremental 100,000 to 150,000 units, with industry annual sales potentially reaching 1.0 to 1.05 million units, achieving double-digit growth.

SINOTRUK's overseas market performance, leveraging its comprehensive network layout and efficient strategic breakthroughs through international operations, is expected to maintain high export levels. Overall, as an industry leader, SINOTRUK is positioned for synchronized upward momentum in both domestic sales and exports in Q3, potentially achieving dual improvements in performance and valuation.