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“We must prepare for the industry restructuring.†At the press conference of China National Heavy Duty Truck Group Co., Ltd. (hereinafter referred to as “China National Heavy Duty Truckâ€) business conference held the day before, China National Heavy Duty Truck Group Chairman, China National Heavy Duty Truck Hong Kong Limited The chairman of the board of directors of the company (03808.HK) Ma Chunji disclosed the confidence of China National Heavy Duty Truck Group in attempting to “bottom the bargainâ€.
The “bottom-hunting†peers start from the Mainland first. Ma Chunji revealed that China National Heavy Duty Truck recently established a "domestic cooperation and development leading group". The purpose of establishing this group is to better promote "industry restructuring."
However, he did not disclose the specific restructuring plan in the future. Because things cannot be "emergency."
Prior to November, Sinotruk signed a strategic restructuring and equity transfer agreement with Shanxi Datong Gear Group. At the end of October, China National Heavy Duty Truck and Hubei's largest special-purpose vehicle manufacturer Hubei Warwick Special Vehicles Co., Ltd. officially signed the contract.
The "bargain-hunting" is not limited to the Mainland. Ma Chunji told the "First Financial Daily" that in the global automotive industry under the impact of the crisis has been hit by a big environment, with relatively low cost to obtain advanced technology and cooperation projects for China National Heavy Duty Truck and international advanced enterprise exchanges and cooperation Brought beautiful prospects.
In 2008, China National Heavy Duty Truck expects to produce and sell more than 112,000 heavy trucks and produce 128,000 engines. The annual sales revenue will exceed 50 billion yuan, a year-on-year increase of 30%.
CNHTC strives to sell 125,000 heavy vehicles next year, an increase of 11.6% year-on-year. This growth rate has slowed down significantly from previous years. Ma Chunji explained that in the downturn of the market, Sinotruk must "maintain all growth." He expects the heavy-duty auto market to recover in the second quarter of next year.