Core Viewpoint - China National Heavy Duty Truck Group (China National Heavy Truck) experienced a significant stock movement, opening down over 5% but quickly rebounding to a 3.87% increase, trading at HKD 31.16 with a transaction volume of HKD 2.432 billion [1] Group 1: Market Performance - According to the China Association of Automobile Manufacturers (CAAM), the truck market in China is projected to sell 361,000 units in December 2025, representing a month-on-month increase of 7% and a year-on-year increase of 17% [1] - The heavy-duty truck market specifically sold 102,700 units in December, showing a month-on-month decline of 9% but a year-on-year growth of 22%, indicating a narrowing growth rate compared to the previous month [1] - Cumulatively, the heavy-duty truck market sold 1,144,900 units in 2025, a 27% increase from 901,700 units in the previous year [1] Group 2: Company Transactions - Two large transactions were reported for China National Heavy Truck, with shares priced at HKD 27.62, involving 57 million shares and a total investment of HKD 1.574 billion, reflecting a 7.93% discount compared to the previous closing price of HKD 30 [1] - It is noted that China National Heavy Truck H and A shares are under the same name but have different ownership structures and asset compositions, with H shares holding 51% of A shares [1]