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CNHTC net profit more than quintuples in 2017 on sales of ¥55.4 billion

HONG KONG – China National Heavy-Duty Truck Group Corp. (CNHTC), or Sinotruk, achieved revenues of ¥55.4 billion in 2017, up 68.26 percent, according to annual financial results released by the Hong Hong-listed truck maker on March 23.


Total truck sales reached 263,903 units in 2017, with a year-on-year increase of 55.7 percent. Gross profit reached ¥10 billion, up 72.36 percent, while net profit attributable to shareholders jumped 468.13 percent to ¥3.023 billion. Earnings per share reached ¥1.09.


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