Core Viewpoint - China National Heavy Duty Truck Group (China National Heavy Duty Truck) saw a significant stock price increase of over 5%, attributed to strong wholesale sales data for heavy trucks in August, indicating robust market demand driven by policy incentives [1] Group 1: Sales Performance - In August, heavy truck wholesale sales reached approximately 87,000 units, representing a year-on-year increase of about 40% and a month-on-month increase of 2%, marking the second highest level for the same period in eight years, only behind August 2020's 130,000 units [1] - The terminal heavy truck sales growth rate in August was around 50% year-on-year, highlighting the sensitivity of heavy truck sales to policy catalysts, particularly the "old-for-new" policy [1] Group 2: Market Outlook - With the arrival of the "golden September and silver October" period, and the increasing urgency of policy application deadlines by year-end, sales are expected to experience another surge [1] - The current heavy truck subsidy policy has been largely implemented nationwide, and Q3 terminal demand is anticipated to continue expanding, which will release elasticity in wholesale sales [1] Group 3: Annual Projections - The subsidy is expected to stimulate an additional 100,000 to 150,000 units in sales, with the industry potentially achieving annual sales of 1,000,000 to 1,050,000 units, reflecting double-digit growth [1] - China National Heavy Duty Truck is positioned as an industry leader, with expectations for both domestic and export sales to resonate positively in Q3, leading to improvements in performance and valuation [1]