Core Viewpoint - China National Heavy Duty Truck Group (China National Heavy Duty Truck) shares rose nearly 4%, indicating positive market sentiment towards the company and the heavy truck industry [1] Company Performance - In the first half of the year, China National Heavy Duty Truck achieved revenue of approximately 50.878 billion yuan, representing a year-on-year growth of 4.21% [1] - The company's net profit attributable to shareholders was about 3.427 billion yuan, an increase of 4.03% year-on-year [1] - The interim dividend declared was 0.74 HKD per share, reflecting a stable dividend policy [1] Industry Outlook - According to preliminary data, the heavy truck market in China sold around 84,000 units in August 2025, a slight decrease of 1% month-on-month but a significant increase of approximately 35% year-on-year from 62,500 units [1] - The heavy truck market has experienced five consecutive months of growth since April this year [1] - Guolian Minsheng Securities suggests that with the industry entering the peak season of September and October, the possibility of annual heavy truck wholesale sales exceeding 1 million units has increased [1] - The outlook for the heavy truck industry remains positive for September and Q4, with expectations of sales recovery [1]