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Sinotruk's sales drop 60% in Apr

May. 9, 2012 (China Knowledge) – China National Heavy Duty Truck Group Co Ltd or Sinotruk Group<000951>, a truck manufacturing state-owned enterprise headquartered in Jinan, Shandong Province,, said yesterday that its auto sales plunged 60% year on year to 5,806 vehicles in April, mainly due to the weaken market demands.

Last month, the truck manufacturer produced 5,670 vehicles, drop 47% than it realized in the same month of last year.

In the first four months of this year, the company saw its auto sales decreased 33% year on year to 26,430 vehicles and the company produced 30,670 vehicles in the four-months period, reflecting a year-on-year decrease of 37%.

In the first quarter of 2012, Sinotruk posted RMB 13.16 million in net profit, plunge 85.92% from a year earlier, China Knowledge reported earlier.

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