Sales and profits of Sinotruk down in 2011

www.chinaspv.com: Sales revenues of Sinotruk were released on March 28. 100,600 vehicles were sold last year, down 7.97%, and their sales revenues were 26 billion RMB, down 9.84%.

And this can be attributed to complicated macro-economic situation, sales of China auto industry are declining, and sales of heavy truck industry are affected, too.

The pessimistic macro economy and limited fixed investment will continue this year, and sales and profits of heavy trucks industry will surely influenced by this.

Sales and profits of Sinotruk will decrease in the first half year, and it will slightly increase in the second half year. The target sales volumes are 105,000 units, and sales revenues are 27 billion RMB.

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