In 2025, amid intense market competition, our numerous partners worked closely with Sinotruk and forged ahead with determination, achieving remarkable results once again: The total annual revenue is expected to exceed 225 billion yuan, representing a year-on-year growth of 17%; the vehicle sales are projected to exceed 450,000 units, with a year-on-year increase of 25%. Among these, Sinotruk's heavy truck production and sales volume exceeded 300,000 units, setting a new record high. Not only did it maintain the top position in the Chinese industry for four consecutive years, but it also claimed the top spot in global heavy truck sales, ushering in a new era of development for China's commercial vehicle industry.
In 2025, the product structure, marketing concepts and business models of China Shagang will undergo a comprehensive upgrade. The domestic market will achieve overall growth: The sales volume of heavy trucks is expected to reach 150,000 units, with a year-on-year increase of 33%; the sales volume of light trucks is expected to be 120,000 units, with a year-on-year increase of 29%; the sales volume of vans and pickups is expected to increase by 116%; the sales volume of new energy heavy trucks and light trucks is expected to increase by 230% and 390% respectively; the market share of both high-end and economy segments will continue to maintain the leading position and achieve rapid growth.
In terms of exports, China FAW has once again achieved a historic breakthrough: the total export volume of heavy trucks exceeded 150,000 units throughout the year, with a year-on-year growth of 11%. It has consecutively held the top position in China's heavy truck exports for 21 years. Among them, the export volume of heavy trucks in September exceeded 15,000 units, setting a new historical record for China's heavy truck exports. At the same time, China FAW has persisted in expanding the product categories for exports, with the export sales volume of light trucks increasing by 161% and the export revenue of aftermarket parts increasing by 53%. This has established a strategic new pattern for exporting across all product categories.
