中国重汽午后涨超5% 8月重卡销量创近八年同期次高 中国重汽Q3业绩或超预期

Core Viewpoint - China National Heavy Duty Truck Group (China National Heavy Truck) saw its stock price increase by over 5%, reflecting strong market performance driven by significant growth in heavy truck sales in August, supported by government policies [1] Group 1: Sales Performance - In August, wholesale sales of heavy trucks 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 the past eight years [1] - The terminal heavy truck sales experienced a year-on-year growth rate of around 50% in August, indicating 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, along with the increasing urgency for policy applications 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, with the industry annual sales potentially reaching 1,000,000 to 1,050,000 units, achieving double-digit growth [1] - China National Heavy Truck is positioned as an industry leader, with expectations for both domestic and export sales to resonate upwards in Q3, leading to improvements in performance and valuation [1]