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    000951   CNE0000010Y1

SINOTRUK JINAN TRUCK CO., LTD.

(000951)
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VW's Traton trucks pursues growth with China, U.S. alliances

01/29/2019 | 10:32am EDT
Visitors stand at booth of VW's truck unit Traton Group in Hanover

FRANKFURT (Reuters) - Volkswagen trucks business Traton wants to use alliances with rivals in China, the United States and Japan to tap into global growth and achieve a return on sales of nine percent, Chief Executive Andreas Renschler said on Tuesday.

Volkswagen is integrating Germany's truck brands MAN and Sweden's Scania as well as deepening cooperation deals with China's Sinotruk, Navistar in the United States and Hino Motors in Japan.

"We want to be the most profitable vehicle player and to have access to all global profit pools and do this in a smart way," Traton chief executive Andreas Renschler said at the company's capital markets day in London.

Renschler told investors he wanted to expand into new profit pools using alliances like those with Navistar and Sinotruk.

"We want to develop this with our partner into a new dimension," Renschler said.

Traton had already struck a partnership in the area of procurement with Japan's Hino, which is also a partner for developing alternative powertrains, Renschler said.

"This is a great platform for future development."

"Our strategic target is to achieve a 9 percent return on sales over the cycle," Renschler said of Traton's profit target.

(Reporting by Edward Taylor; Editing by Alexander Smith)

By Edward Taylor


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE -1.00% 10.102 Delayed Quote.12.58%
HINO MOTORS, LTD. -1.10% 985 End-of-day quote.12.06%
MAN SE -0.96% 72.2 Delayed Quote.70.33%
NAVISTAR INTERNATIONAL CORPORATION 0.00% 44.47 Delayed Quote.1.18%
SINOTRUK JINAN TRUCK CO., LTD. -1.09% 26.3 End-of-day quote.-16.40%
VOLKSWAGEN AG 0.20% 224.1 Delayed Quote.46.73%
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Financials
Sales 2021 57 873 M 8 976 M 8 976 M
Net income 2021 1 997 M 310 M 310 M
Net cash 2021 7 994 M 1 240 M 1 240 M
P/E ratio 2021 9,72x
Yield 2021 2,40%
Capitalization 22 071 M 3 423 M 3 423 M
EV / Sales 2021 0,24x
EV / Sales 2022 0,19x
Nbr of Employees 6 957
Free-Float 46,0%
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Mean consensus BUY
Number of Analysts 4
Average target price 48,62 CNY
Last Close Price 26,30 CNY
Spread / Highest target 93,3%
Spread / Average Target 84,9%
Spread / Lowest Target 71,1%
EPS Revisions
Managers and Directors
NameTitle
Wen Sheng Jin General Manager & Director
Shi Jin Guo Financial Director
Zheng Tao Liu Chairman
Shu Min Zhou Independent Director
Zeng Rong Ma Independent Director
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