China National Heavy Duty Truck: take the initiative in the national three changes and continue to recommend

â— China National Heavy Duty Truck currently has an annual vehicle production capacity of approximately 100,000 vehicles, and Bridge Box Co., Ltd. has an annual production capacity of 100,000 units for the entire vehicle. The implementation of the National III Standard July 1 brings new variables. The price of engines using common-rail technology is more than 10,000 higher than EGR. China National Heavy Duty Truck's EGR system has low cost, unlimited production capacity, convenient maintenance, and low requirements for oil products, and is more in line with national conditions.

â— From the sales of China National Heavy Duty Truck in the second half of the year, the proportion of EGR is as high as 80%, which means that almost all of the vehicles sold by CNHTC in China are realized through EGR technology. Heavy-duty trucks are taking the initiative in switching to the national standard.

â— About 30% of the heavy truck inventory is used as engineering vehicles, which will directly benefit from the government's investment growth and stimulate domestic demand. We believe that due to the stimulus from domestic demand policies, the sales growth of the heavy-duty truck industry in 2009 will increase by 3% from our previous forecast. We expect that the sales volume of domestic heavy trucks will resume its upward trend in the second half of 2009, and it is expected in 2009. Heavy truck sales decreased by 5%.

â— We believe that the sales structure and sales use of the company are very beneficial to the development of the company. The project use has already accounted for about 40% of the total. From the sales point of view, the export has already accounted for 20%. In addition, the current national III standard switch is from Starting in July 2008 and having a one-time impact on car purchases by owners, the company is still expected to achieve sales growth of more than 5% in the second half of 2009 and still achieve sales growth of more than 15% in 10 years.

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