China National Heavy Duty Truck will benefit from sales growth of engineering heavy trucks in 2010

China National Heavy Duty Truck Group is the leader in the domestic heavy truck industry and has a complete industrial chain of complete vehicles and parts, including key components such as engines, transmissions and axles. Its independently developed EGR heavy trucks have a comparative advantage in the construction vehicle industry. .

In 2009, Sinotruk will benefit from the increase in sales of engineering heavy trucks, which will enhance its performance. In the first 10 months, the company sold 65,696 heavy trucks, a decrease of 9.44% year-on-year; sales volume was lower than the output of 5,000 vehicles, mainly based on a cautious settlement policy. We expect the company's 2009-2010 EPS to be 1.07 yuan and 1.48 yuan, respectively, and the company will fully benefit from the growth of the heavy truck industry in the first half of 2010, suggesting short-term concerns.

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