Everbright Research Unit released a research report today, China's commercial activities and imports and exports continue to heat up, promoting the domestic road transport of goods, thereby increasing the demand for medium and heavy trucks. 001039-HK, as the leader of China's medium and heavy truck sedan chairs, will directly benefit from the opportunities brought about by the rapid growth of medium and heavy trucks in the mainland. Everbright Forecast Changfeng Chechaochang this year's forecast price-to-earnings ratio of 7.9-10.9 times, similar to the two, reasonable valuation, recommended subscription.
According to Everbright, the market predicts that the total maintenance market for axle parts of China truck and heavy truck will rise from 13 billion yuan in 2009 to 21 billion yuan in 2015. The load habit of Chinese trucks is the main reason for the rapid increase in demand for axle parts.