Sinotruk Jinan Truck Co., Ltd. Class A

Sinotruk Jinan Truck Co., Ltd. Class A

SSZSE:000951
20.55
CNY
+0.63
(+3.16%)
2.49EPS
11.71P/E
22.81BMarket Cap
Oct 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.9
25.44
20.86
22.37
39.79
43.02
42.34
59.63
48.65
24.28
35.83
38.56
49.22
58.99
Basic EPS, GAAP
0.41
0.46
0.3
0.44
0.96
0.96
1.3
1.87
0.9
0.18
0.92
1.27
1.42
1.67
Free Cash Flow per Basic Share
0.07
-0.01
0.19
-0.39
0.76
1.86
2.6
3.28
1.39
5.54
1.38
4.22
0.25
- -
Dividend per Share
0.21
0.34
0.35
0.32
0.46
0.71
0.54
0.5
0.56
0.34
0.09
0.76
0.72
0.32
Book Value per Share
4.35
4.69
4.85
5.21
5.99
6.46
7.44
8.93
11.84
11.69
12.53
13.04
13.76
14.16
Tangible Book Value per Share
3.92
4.27
4.44
4.8
5.6
6.08
7.06
7.97
11.1
10.97
11.83
12.36
13.09
13.49
Basic Weighted Avg Shares
937
938
928
944
938
939
941
1,005
1,153
1,187
1,174
1,165
1,173
1,168
Sales/Revenue/Turnover
21,454
23,866
19,364
21,119
37,310
40,378
39,843
59,938
56,099
28,822
42,070
44,929
57,737
68,911
Operating Margin (%)
3.88
4.06
3.6
4.4
5.24
4.77
5.98
5.67
3.66
2.34
4.37
4.97
4.6
5.01
Depreciation Expense
302
275
249
235
232
222
236
213
234
322
416
457
463
- -
Net Income, GAAP
381
431
279
418
898
905
1,223
1,880
1,038
214
1,080
1,480
1,666
1,947
Effective Tax Rate (%)
24.27
27.31
20.71
24.45
24.98
22.9
22.99
24.06
20.05
10.38
21.02
19.91
13.89
14.45
Profit Margin (%)
1.77
1.81
1.44
1.98
2.41
2.24
3.07
3.14
1.85
0.74
2.57
3.29
2.89
2.82
Working Capital
3,059
3,571
3,877
3,490
4,394
4,900
5,878
5,357
9,699
8,159
9,385
5,991
5,471
7,042
LT Debt
700
800
700
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
4,709
4,916
5,138
5,445
6,390
6,868
7,865
9,447
14,975
14,591
15,724
16,431
17,388
17,853
Return on Invested Capital (%)
4.89
5.97
3.46
5.22
9.72
9.25
13.3
20.13
12.17
3.39
9.13
11.13
13.53
16.04
Return on Capital (%)
4.83
5.06
4.01
4.43
6.97
6.13
8.34
12.07
3.4
-0.29
4.8
6.81
5.55
5.68
Return on Common Equity (%)
9.75
10.16
6.21
8.85
17.06
15.47
18.73
24.45
9.31
1.55
7.59
9.85
10.58
12.1

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,175
1,175
1,169
Market Capitalization
19,855
26,141
22,807

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
37,905
43,925
45,357
Cash, Cash Equivalents & STI
8,785
8,727
11,622
Accounts Receivable, Net
14,230
20,204
21,463
Inventories
6,204
7,493
5,203
Total Current Liabilities
32,434
37,702
38,315
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.95%
14.8%
5.82%
Free Cash Flow
-9.21%
58.76%
-93.94%
Net Income, GAAP
58.53%
66.17%
12.58%
Sales/Revenue/Turnover
16.93%
5.25%
28.51%
Total Cash Common Dividend
71.97%
130.81%
-4.42%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,427
12,974
9,186
11,342
44,929
2025
12,908
13,253
- -
17,247
57,737
2026
19,660
18,751
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.29
0.27
0.47
1.27
2025
0.26
0.31
- -
0.53
1.42
2026
0.39
0.44
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.24
0.3
0.76
2025
- -
- -
- -
0.32
0.72
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hai Zhao
Full Time Employees
6,934
Sector
Consumer durables
Industry
Motor vehicles
Address
No. 777, Laicheng Avenue Jinan SD China 271100
IPO Date
Nov 25, 1999
Business
Sinotruk Jinan Truck Co., Ltd. (000951.SZ) manufactures and sells heavy-duty trucks, heavy-duty special vehicle chassis, axles, engines, transmissions, assemblies and other automotive components and parts in China and for export; its core brands include Yellow River, SITRAK, HOWO, STEYR and others covering tractors, dump trucks, cargo trucks, mixer trucks, crane trucks, mining trucks, garbage trucks, buses and special-purpose vehicles. The company, founded in 1930 and headquartered in Jinan, Shandong Province, China, operates as a subsidiary of Sinotruk (Hong Kong) Limited under ultimate parent Shandong Heavy Industries Group Co., Ltd., with products serving domestic segments such as long-haul transport, construction, logistics, hazardous goods, express delivery and municipal services, as well as international markets in over 110 countries including Africa, the Middle East, Southeast Asia, Australia and Saudi Arabia. In 2024, the company achieved strong growth with heavy-duty truck sales projected at 105,000 units capturing 20.2% domestic market share, light truck sales at 95,000 units with 18.5% share, new energy heavy-duty truck sales surging 280% year-on-year to 8,600 units, overseas heavy-duty truck exports rising 4% to 135,000 units, total revenue exceeding RMB 194 billion up over 10%, R&D investment increasing 8% to RMB 3.1 billion, and launch of a new generation heavy-duty truck compatible with fuel, gas, hybrid, pure electric, methanol and hydrogen power sources.