股票代码：603766 股票简称：隆鑫通用 编码：临 2025-057 隆鑫通用动力股份有限公司 关于控股股东所持公司部分股票解除质押的公告 本公司控股股东宗申新智造保证向本公司提供的信息内容真实、准确、完整， 没有任何虚假记载、误导性陈述或者重大遗漏。 本公司及董事会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。 重要提示： 截至本公告披露日，公司控股股东重庆宗申新智造科技有限公司（以下简称"宗 申新智造"）持有公司 504,172,175 股股票，占公司总股本的 24.55%，其中，累计 质押 403,287,322 股，占宗申新智造所持公司股份比例为 79.99%，占公司总股本的 19.46%。 一、本次解除质押情况 二、相关风险提示 1、截至本公告披露日，宗申新智造持有公司 504,172,175 股股票，占公司总股 本的 24.55%，其中，累计质押 403,287,322 股，占宗申新智造所持公司股份比例为 79.99%，占公司总股本的 19.64%。 隆鑫通用动力股份有限公司（以下简称"公司"）控股股东宗申新智造于 2025 年 1 月 14 日，将其持有的公司合计 100,884,853 ...

Core Viewpoint - The company has agreed to sell its entire 67% stake in the Italian CMD company for a consideration of €1 million, and has completed all necessary agreements and payments related to this transaction [1] Group 1 - The company received the full payment of €1 million for the stake transfer as of the announcement date [1] - The company has paid the termination fee in full to CMD [1] - All parties have signed the termination agreement, completing all delivery matters, and the company no longer holds any stake in CMD [1]

Market Overview - On December 1, the motorcycle and other sectors rose by 1.36%, with Longxin General leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Stock Performance - Notable gainers in the motorcycle sector included: - Jiangui General (603766) with a closing price of 15.08, up 4.94% on a trading volume of 411,500 shares and a turnover of 611 million yuan [1] - Huayang Racing (920058) closed at 32.97, up 3.65% with a trading volume of 5,863 shares and a turnover of 19.1 million yuan [1] - Ninebot (6000689) closed at 58.91, up 3.51% with a trading volume of 109,400 shares and a turnover of 643 million yuan [1] Capital Flow - The motorcycle and other sectors experienced a net outflow of 37.58 million yuan from main funds, while retail funds saw a net inflow of 106 million yuan [2] - Retail investors had a net outflow of 68.79 million yuan [2] Individual Stock Capital Flow - Ninebot (6006899) had a main fund net outflow of 29.07 million yuan, with retail outflow of 31.55 million yuan [3] - Zhenghe Industrial (003033) saw a main fund net inflow of 6.17 million yuan, while retail investors had a net outflow of 1.57 million yuan [3] - Aima Technology (603529) recorded a main fund net inflow of 4.33 million yuan, with retail outflow of 2.94 million yuan [3]

Group 1 - The core viewpoint of the news is that Longxin General has seen a significant increase in its stock price, rising 5.08% to 15.10 CNY per share, with a total market capitalization of 31.008 billion CNY and a cumulative increase of 10.45% over the past six days [1] - Longxin General Power Co., Ltd. is based in Chongqing and was established on June 8, 2007, with its listing date on August 10, 2012. The company's main business includes motorcycles and engines, general machinery, and other related products [1] - The revenue composition of Longxin General is as follows: motorcycles and engines account for 74.58%, general machinery products 22.41%, high-end components 1.26%, large commercial generator sets 1.03%, and others 0.72% [1] Group 2 - According to data from the top ten holdings of funds, E Fund has one fund heavily invested in Longxin General, specifically E Fund Ruiqi Mixed A (001747), which held 8,400 shares, representing 0.17% of the fund's net value [2] - The estimated floating profit from the recent stock price increase is approximately 6,132 CNY for today, with a total floating profit of 11,400 CNY during the six-day increase [2] - E Fund Ruiqi Mixed A (001747) was established on January 29, 2018, with a latest scale of 53.8837 million CNY, and has achieved a year-to-date return of 2.46% [2]

Group 1 - The stock price of Longxin General reached a historical high, increasing by 3.62% to 14.89 yuan, with a trading volume of 15.1771 million shares and a transaction amount of 222 million yuan, resulting in a turnover rate of 0.74% [2] - The latest total market capitalization of the company in A-shares is 30.577 billion yuan, with the same amount for the circulating market capitalization [2] - The automotive industry, to which Longxin General belongs, has an overall increase of 0.64%, with 214 stocks rising and 3 stocks hitting the daily limit, while 76 stocks declined, with the largest drop being 5.17% [2] Group 2 - As of November 28, the latest margin trading balance for Longxin General is 189 million yuan, with a financing balance of 183 million yuan, showing a decrease of 86.2419 million yuan over the past 10 days, a decline of 32.00% [2] - The company's Q3 report indicates that for the first three quarters, it achieved an operating income of 14.557 billion yuan, a year-on-year increase of 19.14%, and a net profit of 1.577 billion yuan, a year-on-year increase of 75.45%, with basic earnings per share of 0.7678 yuan and a weighted average return on equity of 16.27% [2]

Core Viewpoint - Longxin General is expected to maintain high growth in profitability through Q3 2025, driven by steady growth in its motorcycle main business and continuous optimization of the Wujie product series [1] Group 1: Business Performance - The motorcycle main business has shown robust growth, with the Wujie series products continuing to optimize in structure [1] - For the first three quarters of 2025, the agricultural machinery segment achieved sales revenue of 3.38 billion yuan, representing a year-on-year increase of 42.5% [1] Group 2: Market Expansion - The company has built a total of 1,292 overseas sales outlets by the end of the first half of 2025, an increase of 369 outlets compared to the same period last year [1] - In the European market, the number of outlets reached 957, up by 266 from the previous year [1] - The company is actively expanding its strategic layout in Central and South America and Southeast Asia, sequentially exploring new markets [1] Group 3: Future Outlook - With the extensive development of channel construction and orderly exploration of emerging markets, the Wujie series is expected to continue its high-speed growth [1] - The company is accelerating the intelligent transformation of its agricultural machinery business, which is expected to enhance the company's performance elasticity [1] - The deepening penetration of the "Wujie" brand and optimization of export structure provide strong elasticity for the main business performance [1]

Core Viewpoint - The motorcycle industry in China is experiencing a decline in production and sales, particularly highlighted by Chongqing Longxin Motorcycle Co., which reported significant decreases in both metrics for September 2025 [1][2]. Group 1: Company Performance - Chongqing Longxin Motorcycle Co. produced 124,012 motorcycles in September 2025, representing a year-on-year decrease of 25.1% [1]. - The sales volume for Chongqing Longxin in the same period was 130,409 units, down 22.71% year-on-year [1]. - The production and sales rate for Chongqing Longxin was recorded at 105.16%, with a clearance of 6,397 units [1]. Group 2: Industry Insights - The data is sourced from the China Automotive Industry (Motorcycle) Production and Sales Quick Report, indicating a broader trend of declining performance in the motorcycle sector [2]. - The report by Zhiyan Consulting provides a comprehensive assessment and strategic analysis of the motorcycle industry in China from 2026 to 2032, suggesting a need for industry stakeholders to adapt to changing market conditions [1][2].

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Insights - The company reported a revenue of 14.56 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 19.1%. The net profit attributable to shareholders reached 1.58 billion yuan, up 75.5% year-on-year, while the net profit excluding non-recurring items was 1.53 billion yuan, reflecting an 81.5% increase [2][4] - In Q3 2025, the company achieved a revenue of 4.80 billion yuan, a year-on-year growth of 5.6%, with a net profit of 500 million yuan, marking a 62.5% increase year-on-year, and a net profit excluding non-recurring items of 490 million yuan, up 78.8% [2][4] Financial Performance Summary - For Q3 2025, motorcycle sales contributed significantly, with revenue from motorcycle sales reaching 3.44 billion yuan, accounting for 71.6% of total revenue. The "Wujie" brand generated 1.06 billion yuan in revenue, with export sales of 53,000 units, making up 50.0% of total revenue [11] - The gross margin for Q3 2025 was 18.8%, with a net margin of 10.5%, indicating improvements in profitability driven by an optimized product matrix and increased overseas sales [11] - The company has established 1,292 overseas sales outlets, with a focus on expanding into European, Central and South American, and Southeast Asian markets, contributing to a 24.9% year-on-year increase in sales revenue for the "Wujie" series [11] Future Earnings Projections - The projected net profits for the company from 2025 to 2027 are 1.917 billion yuan, 2.386 billion yuan, and 2.652 billion yuan, respectively, with corresponding price-to-earnings ratios of 13.97, 11.22, and 10.10 [11]

股票代码：603766 股票简称：隆鑫通用 编码：临2025-056 截至本公告披露日，公司已全额收到李亮君支付的股权转让款。本次股权转让所涉及工商变更登记手续 已办理完毕，公司不再持有珠海隆华的股权。 截至目前，珠海隆华尚欠本公司借款本息及往来款项合计人民币6,989.52万元。鉴于珠海隆华商业化目 标未能达成，账面净资产已为负，处于资不抵债状态，上述款项存在较大难以回收的风险，请广大投资 者注意投资风险。 特此公告。 隆鑫通用动力股份有限公司 关于转让公司持有珠海隆华全部股权的 进展公告 本公司董事会及全体董事保证本公告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个别及连带责任。 一、交易概述 隆鑫通用动力股份有限公司（以下简称"公司"）为优化资产结构，集中优势资源发展主营业务，提升公 司经营业绩与资产质量，于2025年11月13日召开第五届董事会第十次会议，审议通过了《关于转让公司 持有珠海隆华股权的议案》，参考评估机构评估结果，公司以人民币1.00元的价格，将持有的珠海隆华 直升机科技有限公司（以下简称"珠海隆华"）49.9988%的股权，转让给珠海隆华少数股东 ...

股票代码：603766 股票简称：隆鑫通用 编码：临 2025-056 隆鑫通用动力股份有限公司 关于转让公司持有珠海隆华全部股权的进展公告 本公司董事会及全体董事保证本公告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个别及连带责任。 一、交易概述 隆鑫通用动力股份有限公司（以下简称"公司"）为优化资产结构，集中优 势资源发展主营业务，提升公司经营业绩与资产质量，于 2025 年 11 月 13 日召 开第五届董事会第十次会议，审议通过了《关于转让公司持有珠海隆华股权的议 案》，参考评估机构评估结果，公司以人民币 1.00 元的价格，将持有的珠海隆华 直升机科技有限公司（以下简称"珠海隆华"）49.9988%的股权，转让给珠海隆 华少数股东李亮君。相关内容详见公司于 2025 年 11 月 14 日在上海证券交易所 网站（www.sse.com.cn）披露的《隆鑫通用动力股份有限公司关于转让公司持有 珠海隆华全部股权的公告》（公告编号：临 2025-051）。 截至本公告披露日，公司已全额收到李亮君支付的股权转让款。本次股权转 让所涉及工商变更登记手续已办理完毕，公司不 ...