SINOTRUK（03808.HK）2026 Interim Results at A Glance
The brand Yellow River is positioned as a high-end luxury brand of China National Heavy Duty Truck Group Co., Ltd. (hereinafter referred to as Sinotruk), which is the innovative technology leader of national heavy-duty trucks. In 1960, Sinotruk manufactured the first heavy-duty truck in China - Yellow River JN150 cargo truck with a payload of 8 tons, ending the history that China could not manufacture heavy-duty trucks. On May 4 of the same year, Chairman Mao Zedong visited Jinan, he saw the prototype truck and spoke highly of it.
SITRAK is a co-brand of high-end heavy-duty trucks created by Sinotruk and MAN (a German company) in 2009, and the trucks are sold in China and more than 50 countries and regions around the world. SITRAK products include two series, C and G, covering tractors, cargo trucks, construction vehicles and various special-purpose vehicles with a wide range of vehicle types. It is a pioneer in China’s high-end heavy-duty truck industry and has characteristics of high reliability, cost-effectiveness, comfort, safety and intelligence.
HOWO, as one of the core heavy-duty truck brands of Sinotruk, has become the vane of heavy-duty truck industry in China in view of its excellent product quality and extensive brand influence. On October 28, 2004, the first HOWO heavy-duty truck rolled off the assembly line in Jinan, which marked that China’s heavy-duty truck technology began to align with the technology of internationally advanced heavy-duty trucks. On December 13, 2017, the cumulative sales of HOWO heavy-duty trucks exceeded 1 million.
Sinotruk Chengdu is a brand-new medium and high-end medium and heavy-duty truck brand built by Sinotruk Chengdu Wangpai Commercial Vehicle based on HOWO V Series. At present, it has two major product series, V7-X heavy-duty truck and V5-X medium-duty truck, covering all segmented markets such as cargo trucks, construction trucks, tractors, mixer trucks and special-purpose vehicles. In August 2021, a new generation of heavy-duty truck Chengdu V7-X was launched; In September, pure electric models of the same series were launched. Up to now, in addition to traditional fuel vehicles, Sinotruk Chengdu has completed the layout of a full range of new energy products for all applications, including NG clean energy, pure electric, hydrogen fueled, hybrid, methanol extended range and other fueled models.
As the leading brand of the light-duty truck industry, HOWO Light-duty Truck mainly has two major product series: Hanjiang and Tongshuai, covering many transportation scenarios such as cold chain, green channel (for unimpeded transport of fresh farm products) and express delivery. The independently developed and first launched AMT and AT light-duty trucks have won consistent praise from the industry. The Hanjiang series are classic models with a high price-performance ratio, which are compliant, light-weight, efficient and reliable and can satisfy the operation needs of urban and intercity logistics; while the Tongshuai series integrate the leading truck technology of Europe to produce high-end light-duty trucks for urban logistics in strict accordance with international standards.
Sinotruk Wangpai is a medium and high-end light-duty truck brand specially built by Sinotruk Chengdu Wangpai Commercial Vehicle for engineering construction and logistics transportation, which has three major product series: V1, V2 and V3, covering dump trucks, cargo trucks, pure electric vehicles, hydrogen fueled, hybrid and other special-purpose vehicles. In June 2011, the first Sinotruk Wangpai 7 truck rolled off the assembly line. In March 2012, the first batch of 15 Sinotruk Wangpai electric sprinklers were delivered to Chengdu Municipal Bureau of Forestry and Landscape for trial operation. At present, the sales volume of Sinotruk Wangpai light-duty trucks has far exceeded 600,000, and the products are well sold in China and nearly 50 regions abroad.
The brand Homan was created in 2010, and is committed to providing users with integrated logistics and transportation solutions. The products consist of cargo trucks, dump trucks, special-purpose vehicles, NEVs and other types of vehicles, which have the characteristics of high reliability, cost-effectiveness, comfort, safety and intelligence. With the expansion of the global market, the products are sold in China and more than 110 countries in the world. With its excellent product quality and extensive brand recognition, it has great influence in the medium and light-duty truck industry and has been recognized by customers.
Sinotruk’s new energy vehicle products are based on three technical routes: pure electric, fuel cell and hybrid, focusing on six application scenarios: ports, steel mills, muck transportation, municipal sanitation, concrete transportation and urban distribution logistics, covering a full range of new energy vehicle products such as tractors, dump trucks, special-purpose vehicles, mixer trucks, cargo trucks, special vehicles and light-duty trucks. The company has mastered the core technology of developing and testing the electronic control system of new energy vehicles, through independent software and hardware research and development, it adheres to the road of high-tech, high-quality and independent research and development, and always maintains the leading position of technology in the world.
Sinotruk’s new energy vehicle products are based on three technical routes: pure electric, fuel cell and hybrid, focusing on six application scenarios: ports, steel mills, muck transportation, municipal sanitation, concrete transportation and urban distribution logistics, covering a full range of new energy vehicle products such as tractors, dump trucks, special-purpose vehicles, mixer trucks, cargo trucks, special vehicles and light-duty trucks. The company has mastered the core technology of developing and testing the electronic control system of new energy vehicles, through independent software and hardware research and development, it adheres to the road of high-tech, high-quality and independent research and development, and always maintains the leading position of technology in the world.
Sinotruk’s new energy vehicle products are based on three technical routes: pure electric, fuel cell and hybrid, focusing on six application scenarios: ports, steel mills, muck transportation, municipal sanitation, concrete transportation and urban distribution logistics, covering a full range of new energy vehicle products such as tractors, dump trucks, special-purpose vehicles, mixer trucks, cargo trucks, special vehicles and light-duty trucks. The company has mastered the core technology of developing and testing the electronic control system of new energy vehicles, through independent software and hardware research and development, it adheres to the road of high-tech, high-quality and independent research and development, and always maintains the leading position of technology in the world.
Wuyue, established in 1988, is one of the special-purpose vehicle brands of Sinotruk, including three categories of products: special-purpose vehicle, special vehicle and special equipment, which mainly include special-purpose vehicle chassis, fire engines and trailers. The company has the professional design and production capability for a full range of oilfield special chassis with driving forms ranging from 4×2 to 14×10. In the R&D and production of high-end fire engine products, it can provide fire engine products of more than 20 specifications in three categories: tanks, emergency rescue and lifting. Wuyue products are sold in many provinces in China and are exported to Africa, Southeast Asia, America and other countries and regions, winning recognition and praise from markets and users at home and abroad.
See DetailHuawin is one of the special-purpose vehicle brands of SINOTRUK, with the products including: Dump trucks, tank trucks, vans, stake trucks, sanitation trucks, truck cranes, engineering maintenance vehicles, washing and sweeping vehicles, wreckers, vehicle-mounted mobile elevating work platforms, powder tankers, cement mixer trucks, etc. The company is capable of the R&D, manufacturing, sales (including exporting) and service of special-purpose vehicles. In January 2018, the modified trucks of “Huawin” dump series and tank series were awarded as Hubei Famous Brand products. In January 2020, the modified trucks of “Huawin” dump series was granted the “First Gold Award for Product Quality in Suizhou City” by Suizhou Quality Association, and in August 2023, it was honored as the national “SRDI Giant Enterprise”. The products are sold throughout China, and at the same time exported to Middle East, Eastern Europe, Southeast Asia, West Asia, Africa, Russia, Australia and other countries and regions as the company accelerates the pace of globalization, aiming at providing users with more professional service experience.
As one of the special-purpose vehicle brands of Sinotruk, its main products of Yunli brand include all types of special-purpose vehicles and special equipment, including tank truck series, dump truck series, semi-trailer series, sanitation truck series, agriculture and animal husbandry series and snow sweeper series, of which the production and sales volumes have ranked among the top in the same industry in China. With the continuous expansion of sales channels and the continuous improvement of after-sales service quality, the company has basically realized the national distribution strategy, covering Southwest China and radiating to Southeast Asia. At the same time, the products of this brand have begun to take a good market share in emerging markets such as Africa and the Middle East.
As one of the special-purpose vehicle brands of Sinotruk, its main products of Yunli brand include all types of special-purpose vehicles and special equipment, including tank truck series, dump truck series, semi-trailer series, sanitation truck series, agriculture and animal husbandry series and snow sweeper series, of which the production and sales volumes have ranked among the top in the same industry in China. With the continuous expansion of sales channels and the continuous improvement of after-sales service quality, the company has basically realized the national distribution strategy, covering Southwest China and radiating to Southeast Asia. At the same time, the products of this brand have begun to take a good market share in emerging markets such as Africa and the Middle East.
Sinotruk Light Vehicle is a light vehicle brand of Sinotruk. Its products cover high-end pickup trucks, SUVs, VANs and other series, including hydrogen fueled, pure electric, hybrid, fuel vehicles, and vehicles of other energy forms. Sinotruk has two major light vehicle production bases in Jinan and Chongqing, which are built according to the new Industry 4.0 standard. It has four major process workshops: welding, painting, stamping and final assembly, and continues to provide strong quality guarantees for Sinotruk light vehicles with the most advanced production equipment, the best production line, and best manufacturing system and the strictest quality assurance & inspection. Sinotruk insists on innovative development, plans internationalization in advance, and strides towards the grand vision of “becoming a world-class light vehicle brand”.
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