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Sinotruk's auto sales down 17% in Oct

Nov. 14, 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 decrease 17% YoY to 4,281 units in October.

Last month, the truck manufacturer produced 3,500 vehicles, less than 4,300 units it realized in the same month of last year.

In the first ten months of this year, the company saw its auto sales decreased 27.99% YoY to 61,312 units, and the company produced 57,984 vehicles in the period, reflecting a YoY decrease of 24.62%.

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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