China National Heavy Duty Truck (000951) announced that the sales and sales of heavy trucks in May showed that during the reporting period, the company achieved sales of 6,132 vehicles, a year-on-year increase of 5.6%, and accumulated sales of 32,562 vehicles in the year, a cumulative decrease of 36.9% from the same period of the previous year. According to the announcement, the company achieved 5,100 units of production in May, a decrease of 10.05% compared with the previous period, and the cumulative output this year was 35,770 units, a cumulative decrease of 37.05% year-on-year.
Although the company reported a sharp drop of 86% in its quarterly results, analysts still believe that the company’s sales fell sharply in anticipation in April, and the decline has gradually narrowed since May. As the company is one of the leading players in the domestic heavy-duty truck industry, it faces a good situation in which raw material costs have dropped significantly this year, and thus the company's future performance still has a large room for improvement.
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