证券代码：603129 证券简称：春风动力 公告编号：2025-081 浙江春风动力股份有限公司 关于控股股东及其一致行动人权益变动触及 5%刻度 的提示性公告 控股股东春风控股集团有限公司及其一致行动人重庆春风投资有限公司、林阿 锡、赖雪花保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述 或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 3.一致行动人信息 一致行动人名称 投资者身份 统一社会信用代码 赖金法 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 全益平 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 赖民杰 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 赖冬花 □ 控股股东/实控人 控股股东/实控人的一致行动人 □ 其他直接持股股东 □ _____________ 不适用 二、 权益变动触及 5%刻度的基本情况 | 权益变动方向 | 比 ...

上市地点：上海证券交易所 股票简称：春风动力 股票代码：603129 信息披露义务人（一）：春风控股集团有限公司 住所/通讯地址：乐清市虹桥镇溪西 信息披露义务人（二）：重庆春风投资有限公司 住所/通讯地址：重庆市九龙坡区二郎街道石杨路 266 号 8 号商业 信息披露义务人（三）：林阿锡 住所/通讯地址：浙江省杭州市临平街道**** 信息披露义务人（四）：赖雪花 住所/通讯地址：重庆市渝北区金开大道**** 信息披露义务人（五）：赖金法 住所/通讯地址：浙江省乐清市虹桥镇**** 信息披露义务人（六）：全益平 住所/通讯地址：重庆市渝北区金开大道**** 信息披露义务人（七）：赖民杰 住所/通讯地址：浙江省乐清市虹桥镇**** 浙江春风动力股份有限公司 简式权益变动报告书 上市公司名称：浙江春风动力股份有限公司 1 信息披露义务人（八）：赖冬花 住所/通讯地址：浙江省杭州市临平街道**** 股份变动性质：持股比例下降（触及 5%的整数倍） 签署日期：2025 年 11 月 18 日 2 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》、《中华人民共和国证 券法》、《上市公司收购管理办法》、 ...

浙江春风动力股份有限公司 控股股东及一致行动人提前终止减持计划 暨减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 控股股东及一致行动人持股的基本情况 本次减持股份计划实施前，浙江春风动力股份有限公司（以下简称"公司"） 控股股东春风控股集团有限公司（以下简称"春风控股"）持有公司股份 45,000,808 股，占公司总股本的 29.4937%；春风控股一致行动人重庆春风投资有限公司（以 下简称"重庆春风"）持有公司股份 12,661,734 股，占公司总股本的 8.2986%；春 风控股一致行动人林阿锡先生持有公司股份 3,168,826 股，占公司总股本的 2.0769%；春风控股一致行动人赖雪花女士持有公司股份 894,561 股，占公司总 股本的 0.5863%。 减持计划的实施结果情况 证券代码：603129 证券简称：春风动力 公告编号：2025-083 公司于 2025 年 9 月 19 日在上海证券交易所网站披露了《春风动力控股股东 及一致行动人减持股份计划公告》（公告 ...

南财智讯11月18日电，春风动力公告，信息披露义务人春风控股集团有限公司、重庆春风投资有限公 司、林阿锡、赖雪花、赖金法、全益平、赖民杰、赖冬花作为一致行动人，本次权益变动后合计持有公 司61,031,066股A股流通股，占总股本的40.00%，较变动前持股比例43.2505%减少3.2505个百分点。本 次权益变动主要因主动减持股份、股票期权行权导致总股本增加而被动稀释、回购注销股份及结束转融 通业务所致。其中，通过集中竞价和大宗交易方式主动减持股份，同时公司实施股权激励行权及股份回 购影响持股比例。截至本报告书签署日，除重庆春风投资有限公司将480万股股份质押外，其余股东持 股无质押、冻结等权利限制。本次权益变动完成后，上述一致行动人仍为公司第一大股东及实际控制 人，控制权未发生变化。此前披露的减持计划已提前实施完毕，信息披露义务人不拟在未来12个月内继 续增持公司股份，亦无其他明确增减持计划。 ...

Group 1 - A total of 59 stocks in the A-share market experienced block trading today, with a total transaction value of 1.335 billion yuan [1] - The top three stocks by transaction value were Shanxi Fenjiu (186 million yuan), Hanrui Cobalt (109 million yuan), and Jinkong Electric (80.34 million yuan) [1] - Among the stocks, 9 were traded at par, 5 at a premium, and 45 at a discount; the stocks with the highest premium rates were Bosi Software (19.41%), Jiaxun Feihong (16.8%), and Yongtai Energy (11.11%) [1] - The stocks with the highest discount rates included Zhi De Mai (20.12%), Wens Foodstuff Group (19.6%), and Nuo Si Ge (19.44%) [1] Group 2 - The ranking of institutional buy amounts was led by Shanxi Fenjiu (167 million yuan), followed by Keli'er (37.41 million yuan) and Sanfeng Intelligent (29.27 million yuan) [1] - Other notable institutional buys included Action Education (18.20 million yuan), Chunfeng Power (12.87 million yuan), and Zhi De Mai (11.47 million yuan) [1] - The top stock sold by institutional special seats was Jinkong Electric (80.34 million yuan), followed by Maiwei Co. (3.21 million yuan) [2]

| 交易日期 | 证券简称 | 证券代码 | 成交价(元) | | 成交金额(万元) 成交量(*) 买入营业部 | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-18 | 春风动力 | 603129 | 214.51 | 643.53 | 3 | 机构专用 | | | 2025-11-18 | 春风动力 | 603129 | 214.51 | 450.47 | 2.1 | 看最公言 - 1992 | | | 2025-11-18 | 春风动力 | 603129 | 214.51 | 450.47 | 2.1 | 看最公司祭 | | | 2025-11-18 | 春风动力 | 603129 | 214.51 | 450.47 | 2.1 | | | | 2025-11-18 | 春风动力 | 603129 | 214.51 | 450.47 | 2.1 | | | | 2025-11-18 | 春风动力 | 603129 | 214.51 | 450.47 | 2.1 | 公司江苏劳公司限 | | | 2025-11- ...

Market Overview - The motorcycle and other sectors experienced a decline of 2.56% on November 17, with Ninebot Company leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers included Shanghai Phoenix (up 2.15% to 14.23), Zhenghe Industrial (up 1.96% to 69.68), and New Day Co. (up 1.45% to 14.71) [1] - Significant decliners included Ninebot Company (down 6.43% to 56.06), Chuncheng Power (down 4.71% to 230.95), and Jiangsu Qianjiang Motorcycle (down 1.98% to 15.88) [3] Capital Flow - The motorcycle and other sectors saw a net outflow of 291 million yuan from main funds, while retail investors contributed a net inflow of 173 million yuan [3][4] - New Day Co. had a main fund net inflow of 7.74 million yuan, while Shanghai Phoenix experienced a net outflow of 705.38 million yuan from speculative funds [4]

Event Overview - In October, the company's fuel motorcycle sales reached 17,000 units, a year-on-year increase of 12.3% but a month-on-month decrease of 1.2% [2] - The sales of the Jike electric motorcycle (excluding self-produced) were 28,000 units, showing significant year-on-year growth [2] - The export sales of four-wheeled beach vehicles reached 19,000 units, with a year-on-year increase of 43.3% and a month-on-month increase of 14.3% [2] Two-Wheeled Vehicles: Export Sales and Jike Development - For large-displacement motorcycles (250cc+), October sales were 11,000 units, up 27.8% year-on-year but down 13.8% month-on-month; cumulative sales from January to October reached 166,000 units, a 35.6% year-on-year increase, with market share rising to 20.2% [3] - The new high-end 675cc three-cylinder model sold 55,000 units, a remarkable year-on-year increase of 510.5%, indicating ongoing product structure optimization [3] - The company's two-wheeled motorcycle exports saw a year-on-year recovery, with October sales of 11,000 units, up 50.1% year-on-year and 2.8% month-on-month; cumulative exports from January to October reached 116,000 units, a 20.6% year-on-year increase [3] - The Jike electric motorcycle sales for January to October reached 253,000 units, a substantial year-on-year increase, with the Jike brand expanding its channels domestically and internationally [3] Four-Wheeled Vehicles: U.S. Market Expansion and High-End Layout - In October, the export sales of four-wheeled beach vehicles were 19,000 units, a year-on-year increase of 43.3% and a month-on-month increase of 14.3%, nearing a historical monthly high; cumulative sales from January to October reached 151,000 units, a 9.7% year-on-year increase [4] - The company is maintaining a steady growth trend, with plans to continue leading the European market in market share and expanding in the U.S. market [4] - The core new product U10PRO has gained attention for its performance and quality upgrades, driving an increase in the average selling price (ASP) of four-wheeled vehicles [4] 2025 Milan Exhibition: New High-End Models - The new flagship ADV: 1000 MT-X features a 946cc twin-cylinder engine with a maximum power of 83kW (approximately 113 horsepower) and a maximum torque of 105N·m, equipped with advanced electronic configurations and comfort features [5] - The performance flagship prototype V4 SR-RR showcases the company's technical prowess, featuring a 997cc 90° V4 engine with a power output exceeding 157kW (approximately 210 horsepower) and advanced aerodynamic design [5] Long-Term Outlook - The company is optimistic about the export of two-wheeled vehicles and the high-end layout of four-wheeled vehicles, projecting revenues of 19.91 billion, 24.51 billion, and 29.50 billion yuan for 2025-2027, with net profits of 1.86 billion, 2.38 billion, and 2.93 billion yuan respectively [6] - The expected EPS for the same period is 12.19, 15.61, and 19.21 yuan, with corresponding PE ratios of 20, 16, and 13 times [6] - The closing price on November 14, 2025, was 242.36 yuan per share [6] Financial Projections | Item/Year | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | Revenue (Million Yuan) | 15,038 | 19,914 | 24,514 | 29,502 | | Growth Rate (%) | 24.2 | 32.4 | 23.1 | 20.3 | | Net Profit (Million Yuan) | 1,472 | 1,860 | 2,382 | 2,931 | | Growth Rate (%) | 46.1 | 26.4 | 28.0 | 23.0 | | EPS (Yuan) | 9.65 | 12.19 | 15.61 | 19.21 | | PE | 25 | 20 | 16 | 13 | | PB | 6.0 | 5.0 | 4.1 | 3.3 | [8]

Core Insights - The article provides an update on the motorcycle industry data for October 2025, highlighting sales trends and market share changes among key players in the sector [2][4]. Motorcycle Sales Data - In October 2025, sales of motorcycles with displacement over 250cc reached 61,000 units, showing a year-on-year decrease of 0.2% and a month-on-month decline of 29.7%. Cumulative sales from January to October totaled 822,000 units, reflecting a year-on-year increase of 29.7% [2]. - For motorcycles with displacement between 250ml and 400ml, October sales were 36,000 units, down 8.5% year-on-year and 31.5% month-on-month, with cumulative sales of 445,000 units, up 26.7% year-on-year [3]. - Motorcycles with displacement between 400ml and 500ml sold 10,000 units in October, a decrease of 7.2% year-on-year and 33.5% month-on-month, with cumulative sales of 196,000 units, down 2.2% year-on-year [3]. - Sales of motorcycles with displacement between 500ml and 800ml reached 13,000 units in October, an increase of 33.2% year-on-year but a decrease of 24.1% month-on-month, with cumulative sales of 161,000 units, up 128.7% year-on-year [3]. - For motorcycles with displacement over 800cc, October sales were 2,000 units, up 98.1% year-on-year and 12.2% month-on-month, with cumulative sales of 20,000 units, up 70.5% year-on-year [3]. Market Share Analysis - Chuanfeng Power achieved sales of 11,000 units in October for motorcycles over 250cc, a year-on-year increase of 27.8%, capturing a market share of 18.8%, up 4.1 percentage points month-on-month. The cumulative market share for January to October stands at 20.2%, an increase of 0.4 percentage points compared to the full year of 2024 [4]. - Longxin General sold 11,000 units in October, marking a year-on-year increase of 62.7% and a market share of 18.2%, up 7.0 percentage points month-on-month. The cumulative market share for January to October is 14.5%, an increase of 0.2 percentage points compared to the full year of 2024 [4]. - Qianjiang Motorcycle's sales in October were 4,000 units, down 47.9% year-on-year, with a market share of 6.7%, down 6.1 percentage points month-on-month. The cumulative market share for January to October is 12.8%, a decrease of 3.9 percentage points compared to the full year of 2024 [4]. Investment Recommendations - The article suggests focusing on key players in the motorcycle industry, specifically recommending Chuanfeng Power and Longxin General as leading companies in the mid-to-large displacement segment [8].

Core Viewpoint - The motorcycle industry, particularly the mid-to-large displacement segment, is experiencing steady sales with a focus on export growth and high-end product development. The overall market is expected to benefit from increased supply and the efforts of leading companies like Chuanfeng Power, Longxin General, and Qianjiang Motorcycle in expanding their export businesses [5][24]. Industry Overview - In October, the sales of motorcycles above 125cc reached 603,000 units, a year-on-year increase of 1.0% but a month-on-month decrease of 19.7%. The growth was primarily driven by the 125-150cc and 500-800cc segments, with leading companies contributing to this increase [3]. - For motorcycles above 250cc, sales in October were 61,000 units, a slight year-on-year decrease of 0.2% and a significant month-on-month drop of 29.7%. Cumulatively, from January to October, sales reached 822,000 units, marking a year-on-year increase of 29.7% [2][3]. - Exports of motorcycles above 250cc in October totaled 37,000 units, reflecting a year-on-year increase of 12.3% but a month-on-month decline of 30.3%. Cumulative exports from January to October reached 449,000 units, a substantial year-on-year increase of 59.1% [3]. Sales Structure - The sales of motorcycles in the 250cc to 400cc range in October were 36,000 units, down 8.5% year-on-year and 31.5% month-on-month, with cumulative sales of 445,000 units from January to October, up 26.7% year-on-year [5]. - The 400cc to 500cc segment saw sales of 10,000 units in October, a year-on-year decrease of 7.2% and a month-on-month decline of 33.5%. Cumulative sales for the year reached 196,000 units, down 2.2% year-on-year [5]. - The 500cc to 800cc segment experienced strong growth, with October sales of 13,000 units, a year-on-year increase of 33.2% and a month-on-month decrease of 24.1%. Cumulative sales reached 161,000 units, up 128.7% year-on-year [5]. - For motorcycles above 800cc, October sales were 2,000 units, a significant year-on-year increase of 98.1% and a month-on-month increase of 12.2%. Cumulative sales reached 20,000 units, up 70.5% year-on-year [5]. Company Performance - Chuanfeng Power led the sales of motorcycles above 250cc in October with 11,000 units sold, a year-on-year increase of 27.8% and a market share of 18.8% [6]. - Longxin General also sold 11,000 units in October, marking a year-on-year increase of 62.7% and a market share of 18.2% [7]. - Qianjiang Motorcycle's sales in October were 4,000 units, a year-on-year decrease of 47.9% with a market share of 6.7% [7]. Future Outlook - The motorcycle market is expected to see continued growth driven by new model launches and increased export activities. Companies are focusing on high-end product development and expanding their presence in international markets [24][13]. - Chuanfeng Power plans to enhance its product lineup with new models in the 450cc and 650cc categories, which are anticipated to boost sales [13]. - Longxin General is deepening its focus on motorcycle exports, aiming to leverage its established market presence for future growth [14]. - Qianjiang Motorcycle is enhancing its product definition capabilities and is set to launch new models that could drive sales in 2025 [23].