On the evening of August 22，Sinotruk（000951.SZ）Release of semi-annual report for 2024。During the reporting period，The company achieved operating income of 244..0.1 billion yuan，Year-on-year growth of 20.87%；Realized net profit attributable to parent company 6.1.9 billion yuan，Year-on-year growth of 24.68%。The company's profit quality has been greatly improved.，Net cash flow from operating activities reached 50.4.3 billion yuan，Year-on-year growth of 220.48%。

The first half of this year，Heavy truck industry continues to recover，Sinotruk grasps the structural adjustment of the industry、Export continues to improve and other market opportunities，Continued market leadership，Product structure optimization has achieved remarkable results.，Further improvement in profitability，Strong growth momentum and good market competitiveness.。

First half，Both internal and external demands of the heavy truck industry have maintained a good momentum。On the domestic front，Positive growth of highway freight volume，Provide better support for demand；Exports continued to be good.。According to CAAC statistics，First half of 2024，Heavy truck industry achieved sales of 50.450,000，Year-on-year growth of 3.3%。Sinotruk achieved 7% heavy truck sales in the first half of the year.0.05 million，Year-on-year growth of 15.78%，The market performance is far better than industry average.。Especially in overseas markets.，The company relies on the perfect network layout and efficient strategic breakthrough of Sinotruk International Company.，The export of products maintained a relatively high level.。

Natural gas heavy truck is an important growth point of heavy truck industry in the first half of the year.。Oil and gas price differentials remain high，Economy-driven natural gas heavy truck continued to grow at a relatively high rate，At the same time, the policy drives the new energy heavy truck to accelerate its release.，Bring about a rapid increase in penetration。The semi-annual report shows，Sinotruk Seizes Industry Trend，The market share of gas vehicles increased significantly in the first half of the year.，Sales of new energy heavy trucks increased significantly.，The penetration rate has steadily increased。

In addition，Sinotruk deeply cultivates market segments，Outstanding performance in many areas，Leading the industry。In the field of tractors，Dangerous goods（Gas+Fuel oil）、Container market share ranks first steadily；The field of trucks，The market share of unloaded carriages ranks first in the industry.，4×2 Wide-body products、4×The growth rate of many market segments such as 2 large single bridges is in the forefront.；Engineering vehicle field，6×4/8×4 Mixer truck 350 horsepower to maintain the first market share；The field of special vehicles，Fire emergency、8×4 Sanitation truck、8×4 The market share of wreckers is the first.，6×2 Dangerous chemical bicycle market share growth rate ranks first in the industry，Breakthroughs have been made in the market segments such as the short board of truck-mounted cranes.。

Look to the future，Natural gas、The structural adjustment brought by the new energy heavy truck will continue.，Policy support and demand growth in overseas markets will jointly push the industry upward.。As the industry leader，Sinotruk is expected to continue to benefit from this trend.。Soochow Securities believes，Natural gas heavy truck、 Exit 、The policy of replacing the old with the new will jointly support the steady rise of the total volume in 2024.，And the real estate recovery、Increase in infrastructure construction、The centralized release of cumulative renewal demand is expected to provide support for the medium and long-term development of the industry.。Guangfa Securities Recommended China Heavy Truck in the Research Report，Expected domestic demand of truck industry in the next few years、Export sales center will double growth，Wholesale sales are expected to hit a record high.。