Sinotruk (Hong Kong) (3808) investor relations material

Executive summary

• Revenue rose 15.2% YoY to RMB109,541 million, driven by over 20% sales growth in both heavy and light duty trucks.

• Net profit increased 14.6% YoY to RMB7,664 million, with profit attributable to equity shareholders up 19.8% YoY to RMB7,019 million.

• Gross profit margin was 15.1%, down 0.5 percentage points YoY due to regional and product mix changes.

• The Board proposed a final dividend of HK$0.88 or RMB0.78 per share, subject to approval.

Financial highlights

• Gross profit reached RMB16,519 million, up 11.1% YoY.

• Basic EPS was RMB2.57, up 20.1% YoY; diluted EPS was RMB2.55.

• Net cash from operating activities was RMB7,623 million, down 24.4% YoY due to higher inventory and prepayments.

• Total borrowings decreased 4.1% YoY to RMB5,464 million; cash and equivalents rose 54% to RMB18,412 million.

• Gearing ratio improved to 3.6%; current ratio stable at 1.1.

Outlook and guidance

• The company expects modest global economic growth in 2026 amid persistent uncertainties and trade protectionism.

• Domestic policies will continue to support new energy vehicle adoption and infrastructure investment.

• Strategic focus includes premium product development, global expansion, new energy, intelligent technology, and service upgrades.