China National Heavy Duty Truck Maoli declines social security
China National Heavy Duty Truck (000951, closing price of 15.78 yuan) released its half-yearly financial report today, revealing strong performance in the first half of the year. The company reported operating revenue of 12.963 billion yuan, marking a 52% year-on-year increase. Net profit reached 444 million yuan, up by 30.59%, with earnings per share at 1.06 yuan.
The growth was primarily driven by the core automobile manufacturing segment, which saw a significant rise in revenue. However, the company faced challenges due to rising costs of raw materials and parts, which put pressure on margins. As a result, the gross profit margin declined slightly to 9.91%.
In terms of shareholder structure, the top 10 tradable shareholders held 30.39% of the total shares, a slight decrease from 35.9% in the first quarter. Notably, the social security fund portfolio had exited the top ten shareholders by the end of the first quarter, signaling a possible shift in institutional investment strategies.
Overall, the company continues to perform well in the heavy truck industry, despite the cost pressures. Its recent achievements, including breaking monthly sales records, highlight its strong market position. Investors are closely watching how the company manages its margins and maintains growth in the coming quarters.
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