Zhongqi (03808) is now up more than 4% according to the Zhutong Financial APP. As of publication, it has increased by 4.1% to HKD 20.3 with a turnover of HKD 78,818,200.
Sinolink Securities issued a research report on China National Heavy Duty Truck A shares, stating that China National Heavy Duty Truck (A shares) is the leading enterprise in China's heavy truck industry and an important controlling subsidiary of China National Heavy Duty Truck (H shares), operating brands such as HOWO and Huanghe. Benefiting from the continuous recovery of the heavy truck industry and export boom, the company's performance will usher in new growth points. The bank pointed out that as an early heavy truck leader to go abroad, the company's products are exported through China National Heavy Duty Truck (H shares) subsidiary China National Heavy Duty Truck Group International Co., Ltd. and has great potential in the overseas market.
Sinolink Securities pointed out that China National Heavy Duty Truck Group's export volume ranks among the top of all domestic independent brands, among which the heavy truck export volume has been the first for 19 consecutive years. The company has been deeply cultivating overseas markets for many years, and its overseas layout is mature. By the end of 2023, China National Heavy Duty Truck Group will have a wide service network covering more than 110 countries and regions around the world, with a network of more than 200 dealers and about 26 overseas joint KD production factories. Its exported products have both high-end and cost-effective advantages, and there is room for continuous improvement in both quantity and price.