Sinotruk: Dramatic Growth in October with a Rate of 55%

www.chinatrucks.com: On November 9, 2013, Sinotruk releases its production and sales report of October. According to the report, the production reaches 5,300 units whiles sales 6,663 units. Both production and sales grow rapidly compared with that in the same period of last year (production 3,500 units while sales 4281).

Sinotruck truck

From January to October, the production accumulates 67,838 units, up by 16.99% year on year; while the sales accumulate 69,174 units, up by 12.82% year on year.

Its Q3 report show the business revenue in the first three quarters hits 15.8 billion yuan, upo by 6.31% year on year; the net profit reaches 264 billion yuan, more than 10 times of that of last year. Zhang Feng, Secretary of Chairman, says the growth is mainly attributed to the adjustment in product mix and control on costs. The good production and sales in October no doubt provide solid foundation for the growth of annual achievement.

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