Sinotruk Jinan Truck (SZ:000951)2025-12-10 09:36Group 1: Production and Sales Performance - In the first 11 months of 2025, China's heavy truck market sales exceeded 100,000 units, achieving a year-on-year growth of approximately 26% [2] - The company maintains stable production operations with a healthy order backlog, supported by enhanced product competitiveness and effective market expansion [2] Group 2: New Energy Heavy Truck Development - In the first 11 months of 2025, domestic sales of new energy heavy trucks surpassed 16,100 units, marking a year-on-year increase of 189% [3] - In November 2025, sales of new energy heavy trucks reached 24,000 units, reflecting a month-on-month growth of 40% and a year-on-year increase of 176% [3] - The new energy heavy truck sector is experiencing rapid growth driven by policy support and technological innovation [3] Group 3: Export Performance - The company's export operations are primarily conducted through Sinotruk International, which has maintained the industry’s leading position for 20 consecutive years [4] - Export markets include Africa, Southeast Asia, Central Asia, and the Middle East, with breakthroughs in emerging markets [4] Group 4: Dividend Policy - The company prioritizes shareholder returns and has consistently implemented a stable dividend policy, increasing the dividend payout ratio over the past five years [5] - In the first half of 2025, the company completed a cash dividend distribution [5] - Future dividend strategies will consider factors such as capital structure, operational performance, funding needs, and development strategies to balance sustainable growth with shareholder returns [5]