Sinotruk accelerates high-quality development with double increase in revenue and profit in the first half of the year

In the first half of 2025, the commercial vehicle industry faced multiple challenges, including sluggish demand and chaotic competition. In this complex market environment, China National Heavy Duty Truck Group, a subsidiary of Shandong Heavy Industry, leveraged technological innovation, reform initiatives, and a global perspective to deliver a remarkable mid-term performance: vehicle sales grew against the trend, technological innovation yielded fruitful results, and lean management and control efficiency was highlighted. These impressive performances demonstrate China National Heavy Duty Truck’s strong resilience.

In the first half of this year, amid fierce market competition, China National Heavy Duty Truck fully demonstrated its leadership in the industry. Data shows that China National Heavy Duty Truck sold 223,000 vehicles in the first half of the year, a year-on-year increase of 12.1%. Among them, heavy-duty truck sales reached 149,000, a year-on-year increase of 6.7%, maintaining its top position in the domestic industry for four consecutive years. Medium and light truck sales reached 64,000, a year-on-year increase of 22.9%. Consolidated revenue increased by 9.8%, profit by 11.2%, total profit and tax by 15.9%, and export revenue by 4.9%, achieving a steady increase in operating performance.

In the domestic market, Sinotruk sold 79,000 heavy-duty trucks in the first half of the year, a year-on-year increase of 10.7%, and 60,000 light trucks, a year-on-year increase of 21.4%. The new energy sector performed particularly well. Since the beginning of the year, Sinotruk’s new energy vehicle segment has demonstrated strong growth momentum: 200 new energy light trucks were delivered in Shanghai, 600 new energy heavy-duty trucks were awarded a major order in Fujian, and 100 Howo TX7 new energy mixer trucks were put into operation on the front lines of Tianjin’s urban construction projects. According to statistics, Sinotruk sold 11,000 new energy heavy-duty trucks in the first half of the year, a year-on-year increase of 230%, and 5,000 new energy light trucks, a year-on-year increase of 294.1%.

Sinotruk Group Jinan Truck Manufacturing Company’s intelligent flexible assembly line.

By deeply understanding the differentiated needs of customer vehicle usage scenarios, Sinotruk’s products have achieved top sales in multiple market segments, including express delivery, cold chain transportation, and container transportation. Its market share in key markets, such as green transportation/distribution, mixer trucks, new energy tractors, sanitation workers, and truck-mounted cranes, has steadily increased. With the full launch of Shandong Province’s scrapping and replacement program for older commercial trucks this year, Sinotruk proactively responded by offering replacement subsidies of up to 140,000 yuan to help customers reduce costs and increase efficiency.

The establishment of a full value chain operations system has also provided solid support for Sinotruk’s market growth. Earlier this year, Sinotruk established the industry’s first official used vehicle manufacturer certification system and conducted the first round of used vehicle business skills training for dealers in Liangshan, providing a systematic solution for the industry’s transformation and upgrading. In terms of channel management, Sinotruk has implemented a network development strategy, boosting its heavy-duty truck and light-duty truck channel network coverage to 89% and 94%, respectively, significantly improving channel operational efficiency and refinement.