The Zhitong Finance App learned that Sinotruk (03808) fell nearly 5% in the afternoon. As of press release, it decreased by 3.87% to HK$31.28, with a turnover of HK$140 million.

According to the news, according to data from the First Commercial Vehicle Network, in September of this year, China's heavy truck market sold a total of about 95,000 vehicles, down about 10% from 106,000 vehicles in the same period last year. This is the fourth year-on-year decline in the heavy truck industry since this year, and it is also the third consecutive decline since this year. The year-on-year increase in the previous September was about 13%, and the cumulative growth rate slowed further.

Cathay Pacific Haitong Securities pointed out that the year-on-year decline in wholesale sales in the heavy truck market in September was mainly due to the high sales base for the same period last year, driven by the Guoxi trade-in. This year's stock of K4 trucks decreased compared to last year, and the stimulus effect of the trade-in policy was relatively limited. In addition, the market is still absorbing the impact of early overdraft caused by the switch in heavy truck AEBS regulations.

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