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Sinotruk's auto sales down 23.1% in Aug

Sep. 13, 2012 (China Knowledge) - China National Heavy Duty Truck Group Co Ltd or Sinotruk Group<000951>, a state-owned truck manufacturer headquartered in Jinan, Shandong Province, has announced its auto sales decreased 23.1% YoY to 5,420 units in August.

Last month, the truck manufacturer produced 4,010 vehicles, down 2.2% than it realized in the same month of last year.

In the first eight months of this year, the company saw its auto sales decreased 30.73% YoY to 51,898 units , and the company produced 51,079 vehicles in the period, reflecting a YoY decrease of 26%.

In the first half of this year, the company's revenue dropped 34.19% YoY to RMB 10.59 billion, while its net profit for the six-month period reached RMB 39.3 million, plunged 87.02% YoY.

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