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Introduction of SINOTRUK (Hong Kong) Limited

SINOTRUK (Hong Kong) Limited was listed on the main board of HKSE in 2007. Its parent company China National Heavy Duty Truck Group Corp., Ltd. (SINOTRUK) is China’s first heavy duty truck manufacturer, initially founded in 1956 and the cradle of China’s heavy duty truck industry. It once manufactured China’s first heavy duty truck – Huanghe branded JN150 8-ton truck in 1960; and successfully introduced the STEYR heavy duty truck project from Austria and became China’s first company to comprehensively introduce foreign heavy duty truck manufacturing technology of complete vehicle in 1983. SINOTRUK was formally established after the reform and restructuring in 2001 and, through more than 10 years’ development, has become a domestically and internationally renowned heavy duty truck R&D and manufacturing group. SINOTRUK became a publicly traded company in HKSE main board as a red chip in 2007, setting up a platform for international expansion. In 2009, SINOTRUK formed its strategic partnership with German MAN Group, by which Man held a 25%+1 stake in SINOTRUK (Hong Kong) Limited and SINOTRUK introduced 3 models (D20, D26 and D08) of engines, axles of middle and heavy trucks, and relevant technologies of complete vehicles from MAN, laying a solid foundation for corporate long-term growth. Today, SINOTRUK has developed into China’s largest heavy duty truck manufacturing base and made significant contribution to the development of China’s heavy duty truck industry and national economic growth.

Since its reform and restructuring, SINOTRUK has been adhering to implementation of independent innovations, carrying out its leading strategy in technologies and building its core competitiveness with intellectual property rights. It has the most patents in China’s automotive industry. SINOTRUK R&D Center is one of China’s first national-level corporate technology centers, has a testing lab certified by China National Accreditation Committee for Laboratories (CNACL) and is capable of developing and testing complete vehicles, engines, parts, material technologies and other aspects. It’s equipped with various state-of-the-art and precision equipment in processing, experiment and testing, of which the equipment related to engine, complete vehicle, vibration of parts and strength testing, etc. have reached world class level. Approved by the state, National Engineering and Research Center of Heavy Duty Truck was unveiled at SINOTRUK in 2009 and play a vital role in development, demonstration, popularization and technical support of China’s heavy duty truck industry.

SINOTRUK mainly designs, develops, produces and sells a wide range of heavy duty trucks, special-purpose vehicles, buses, refitted vehicles, engines and their sets, parts and special type chassis. The complete vehicle manufacturers under SINOTRUK include Jinan Truck Co., Ltd., Jinan Commercial Vehicle Co., Ltd., Special-purpose Vehicle Co., Ltd. and Jining Commercial Vehicle Co., Ltd.; the engine companies include Jinan Power Co., Ltd. and Hangzhou Engine Co., Ltd.; the axle manufacturer is Jinan Axle Co., Ltd.; and the transmission arms include Jinan Transmission Business Unit and Datong Gear Co., Ltd. All these have generated more than 2,000 models comprising heavy duty truck, middle truck, light truck, mining dump truck, special-purpose vehicle and bus, and covering SITRAK, HOWO, STEYR, Huanghe, Ho Han, Wangpai, Fupo and Weipo brands. As a result, SINOTRUK becomes China’s truck manufacturer with the most complete drive types and power. SINOTRUK’s products consist of domestically advanced D10 and D12 diesel engines, T10 and T12 gas engines as well as internationally advanced MC11, MC13, MC05 and MC07 engines meeting Euro II-V emission standards, whose power range from 140 to 560ps; world class single-reduction axles, wheel reduction axles and 16.5-22.5 inch disc brakes; and a series of important assemblies, such as single countershaft synchromesh transmissions, twin countershaft transmissions and 10-, 12- and 16-speed automatic/manual transmissions. This formed a world class golden power industry chain of engine, pull-type clutch, transmission and drive axle. In addition, SINOTRUK also has 3 automatic body pressing lines, 8 cab welding assembly lines, 12 cab painting lines and 9 complete vehicle assembly lines, all of which enjoy a leading position around the world.

SINOTRUK enjoys clear leading advantages in technology and market share in China’s heavy duty truck industry, sells its products to more than 90 countries of the world and has been evaluated as China’s complete vehicle export base by National Development and Reform Commission and Ministry of Commerce. Besides this, it has been successively awarded the titles of National Advanced Grass-roots Party Organization, Chinese Name-Brand Product, Chinese Excellent Innovative Enterprises, Chinese Companies with Best Integrity, one of China’s First AA Enterprises in Quality and Credit Management, etc. SINOTRUK was evaluated as National Civilized Company in 2011.

The development objectives set for SINOTRUK (Hong Kong) and its parent company include: strive to build a company with production capacity of 1 million commercial vehicles, and enable the technology and quality of heavy duty trucks to reach a world class level, and other products to reach a first class level in China by the end of 12th Five-year Plan; and extend product lines to full line of commercial vehicles comprising middle, light and heavy duty trucks and special-purpose vehicles, led by heavy duty truck industry, and endeavor to rank amongst the world’s top 500 companies.

The Company will always stick to the corporate values of “Quality products are built with morality and personality, and dedicative to the society with quality products”, To provide all users with first class products, deliver satisfactory return to all investors, offer a broad development room for all partners and set up a stage for all employees to realize their own value, it's committed to maximizing both economic benefits and social benefits.

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