On August 31, SINOTRUK fell 3.77% in regular trading, trading at 40.38 HKD/share, with turnover of approximately HKD 55.44 million. The decline came amid a broad selloff across the Hong Kong-listed heavy machinery sector triggered by peers' earnings shortfalls.
The sector downturn was sparked by Zoomlion's H1 results, which showed a roughly 24% year-over-year net profit decline to RMB 2.1 billion despite 9% revenue growth, primarily due to approximately RMB 8.2 billion in net forex losses versus gains a year earlier. Separately, Senmao International swung to a loss of approximately RMB 144 million from a profit of RMB 338 million, citing supply chain cost increases and currency headwinds. The combined disappointments intensified concerns over sector-wide profitability, sending Zoomlion down over 9%, Senmao down nearly 8%, and Sany International down 5.5%.
Notably, SINOTRUK's own H1 performance was robust, with revenue climbing 39.2% year-over-year to RMB 70.84 billion and attributable profit rising 26.2% to RMB 4.33 billion. The company also declared an interim dividend of HKD 1.18 per share, reflecting a 65% payout ratio. Multiple brokerages maintain Buy ratings with target prices ranging from HKD 46 to HKD 55, yet prevailing sector-wide pessimism continued to weigh on the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)