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2021-04-06

Sinotruk has made a good start in the first quarter!

        On the evening of April 2, Shandong satellite TV's Shandong News broadcast heavily reported that Sinotruk group's innovation stimulated new momentum, the group and its enterprises fully achieved a "good start" in the first quarter, and each operating index reached a new high. In the first quarter, the group's revenue, profit and industrial added value increased by 23.5%, 98.9% and 29.9% respectively compared with the fourth quarter of last year, which was a new high-quality development speed of Shandong equipment manufacturing industry.
 
        In the two years after the reform and reorganization, Sinotruk Group has continued to increase investment in intelligent manufacturing equipment and technological transformation. While greatly improving product quality, the production capacity of major heavy duty truck production units has increased from 750 units per day in 2019 to 1500 units today, doubling the production capacity and efficiency.
 
        In the first quarter, the sales volume of SINOTRUK heavy truck increased by 200% over the same period of last year, and its market share exceeded 19%, 8% higher than that of the same period of last year. The operating revenue increased by 112%, the total profit increased by 138% and the total profit and tax increased by 347% over the same period of last year. Meanwhile, the novel coronavirus pneumonia epidemic has brought about the adverse effects of the new business. The first quarter of the new auto export orders increased by more than 20 thousand, up 98%, which helped to achieve the first quarter.
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