"Sinotruk Under Investigation by Six Institutions: New Energy Heavy Truck Sales Rise 45% Year-on-Year in January-April, Exports Remain Strong"

Jinan, May 6, 2026 — Sinotruk Jinan Truck Co., Ltd. (hereinafter referred to as "Sinotruk") received a specific object research and survey from six institutional investors including Guotai Haitong Securities, Harvest Fund and Hongde Fund today. Zhang Xin, Secretary of the Board of Directors, and Hu Xiao from the Investor Relations Department held in-depth exchanges with institutional investors on core topics including the company’s operating performance, new energy heavy truck business, export layout and market prospects of natural gas heavy trucks, fully demonstrating the enterprise’s development strategy and market competitiveness amid the industrial transformation period.

I. Steady Overall Business Growth with Consolidated Market Position

According to data from CVworld, the total sales volume of China’s heavy truck industry reached approximately 423,000 units in the January-April period of 2026, a year-on-year increase of 15%. Sinotruk recorded sales of around 86,000 units over the same period, up 18% year-on-year, with its market share standing at 20.3%, maintaining a leading position in the industry. While consolidating its traditional advantages, the company has actively expanded into emerging sectors such as new energy and intelligent vehicles, achieving optimization and upgrading of its business structure.

II. Outstanding Performance of New Energy Heavy Trucks, Sales Surged 45% Year-on-Year from January to April

Zhang Xin highlighted the breakthrough progress of the company’s new energy heavy truck business during the research: in the first four months of 2026, Sinotruk’s new energy heavy truck sales rose 45% year-on-year, far outpacing the industrial average.

三、Export Business Hits New High, Global Market Layout Further Deepened

As a leading player in China's heavy truck export sector, Sinotruk continues to deliver outstanding performance in overseas markets.

Relying on core brands such as HOWO and SITRAK, the Company keeps expanding its global marketing network, with a strategic focus on countries and regions along the Belt and Road Initiative. It has established a solid competitive edge especially in markets across Africa and Southeast Asia.

It was revealed in the research survey that Sinotruk is actively advancing the R&D of right-hand drive modification technology to meet market demands in right-hand drive regions including Australia and South Africa. Meanwhile, the company is ramping up efforts to explore the high-end North American market, targeting to export 2,000 units of high-end heavy trucks in 2026.

In addition, through in-depth cooperation with local distributors, Sinotruk has built a comprehensive after-sales service system, further enhancing its brand influence and reputation in the global market.

四、Natural Gas Heavy Trucks Enjoy Broad Prospects with Outstanding Technical Advantages

Regarding the market outlook for natural gas heavy trucks, Zhang Xin stated that with improved domestic natural gas supply capacity and stable pricing, natural gas heavy trucks will see sustained market growth by virtue of their economic efficiency and environmental friendliness.

Equipped with high-end Weichai WPNG series gas engines, Sinotruk’s natural gas heavy trucks feature low gas consumption and high reliability, and have become the preferred equipment for the upgrading of green logistics.