Sinotruk Jinan Truck reports strong Q1 revenue growth

Sinotruk Jinan Truck (SZSE:000951) announced a 12.97% increase in revenue for the first quarter of 2025, reaching CNY 12.91 billion, compared to CNY 11.43 billion in the same period last year. Net profit attributable to shareholders also rose by 13.26% to CNY 310.36 million. Basic earnings per share increased to CNY 0.26, up from CNY 0.23. The company noted several factors influencing its financial results, including increased sales, a rise in accounts receivable, and shifts in fair value measurements related to structured deposits. As of the end of Q1 2025, total assets stood at CNY 44.59 billion, a 7.82% increase compared to the end of the previous year.