China National Heavy Duty Truck Group reports 46.5% profit increase in Q1

China National Heavy Duty Truck Group (Sinotruk) reported a net profit of 455 million yuan in the first quarter of 2026, marking a 46.5% increase year-over-year. The company's revenue also saw a significant rise of 52.3% to 19.66 billion yuan during the same period. Additionally, the report mentioned Ganfeng Lithium's strong performance, with a net profit of 1.837 billion yuan, a substantial turnaround from a loss in the previous year. AI

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