On the evening of January 23，Sinotruk（000951.SZ）Release the 2023 Annual Performance Forecast，During the reporting period，The company is expected to achieve a net profit of 10..0.5 billion yuan to 11.1.2 billion yuan，Year-on-year growth of 370%-420%。

Company introduction，The reason for the substantial increase in performance is the rebound in demand for logistics heavy trucks during the reporting period.，In particular, there is a strong demand for gas heavy trucks.，At the same time, the strong momentum of export is superimposed.，Heavy truck industry sales grew significantly year-on-year.。The company speeds up product optimization, upgrading and structural adjustment.，Continuously improve product quality and product competitiveness，Precise implementation of marketing strategies，Production and sales have achieved good growth.，Profitability has been further improved.。

2023，Heavy Truck Industry Enters Upward Cycle，Sinotruk is always strong.，Sales data show bright performance，Continuous improvement of market position。According to CAAC data，China's accumulative sales of heavy trucks in 2023:91.110,000，Year-on-year growth of 36%。Sinotruk gives full play to its leading advantages in the industry，Achieve heavy truck sales of 23 in 2023.420,000，It is the only car company with cumulative sales of more than 200000 vehicles.，Year-on-year growth of 47.47%，Win the growth rate of the industry；The market share reached 25.7%，Continue to lead，And the advantages continue to expand.。

In recent years，“Heavy truck goes to sea”It has become an important direction for the domestic heavy truck industry to seek development.。In 2023, Sinotruk relied on the traditional advantages of overseas markets.，Continue to realize“Quality”And“Quantity”A double leap。Public data shows，In 2023, the accumulative overseas export sales volume of China's heavy trucks was about 27.50,000，Export sales hit record high，Year-on-year growth of nearly 60%。Among，Sales of Sinotruk Heavy Truck in Overseas Market Exceeded 130,000 Units in 2023，Continue to maintain the domestic heavy truck industry export champion。In addition，When the industry as a whole strives for a breakthrough in sales，China Heavy Truck Group has begun to compete for the overseas high-end market.。The first half of this year，China National Heavy Duty Truck Group's export products，High-end products account for 45 percent.4%，Up 23% from 2022.2 percentage points。 

Heavy truck industry 2024 competition is about to begin，Judging from the current situation,，Driven by multiple favorable factors，Heavy truck industry is expected to usher in a new round of growth expectations，The excellent performance of Sinotruk this year has also given the market more attention and recognition to the company.。In the domestic market，The improvement of economic prosperity will drive manufacturing industry.、Logistics Demand for Heavy Truck。At the same time, the increase of natural gas heavy truck penetration rate will be conducive to improving the profit of single vehicle.。According to the first commercial vehicle data，Sinotruk Natural Gas Heavy Truck is in the forefront of the industry，The cumulative market share in 2023 is 17.7%。According to the investigation of CICC，Heavy truck factory、The industry chain and distributors have begun to prepare for the beginning of next year.“A good start”，It is expected that the sales volume of heavy truck industry will increase in the first quarter of 2024.。

Overseas markets，On the cost-effective advantage，The promotion of domestic heavy truck brand value will bring sustained positive impact.，Key markets in Eastern Europe、Central and South America and“The Belt and Road”The region is expected to maintain a good development trend.。By virtue of the dominant position formed over the years，Sinotruk's influence in the world will also gradually increase.。UBS Securities Raises China Heavy Truck 2024 Sharply in Research Report-Profit forecast for 2025，It is believed that the favorable factors at home and abroad will continue.，As the industry leader，The company leads the industry in heavy truck export and natural gas heavy truck market share.，And there is still room for improvement。