Group 1 - The company achieved operating revenue of 9.752 billion yuan, a year-on-year increase of 27.21%, and a net profit attributable to shareholders of 1.074 billion yuan, up 82.26% [1] - The comprehensive gross profit margin reached nearly 19%, showing steady growth [1] - High-end self-owned brands performed exceptionally well, generating revenue of 2.334 billion yuan, a year-on-year increase of 42.43%, accounting for approximately 24% of total operating revenue [1] Group 2 - The motorcycle business segment generated sales revenue of 7.273 billion yuan, a year-on-year increase of 23.14% [2] - Popular models such as the VOGE series continued to sell well, with new products launched targeting both domestic and overseas markets [2] - The company established 1,053 sales outlets domestically and 1,292 outlets overseas, enhancing its global presence [2] Group 3 - The general machinery business achieved sales revenue of 2.185 billion yuan, a year-on-year increase of 52.82% [3] - Demand for household generators surged, with sales revenue increasing by 142.01%, and riding lawnmower sales grew by 77.55% [3] - New product development is progressing, with a zero-turn lawn mower prototype completed and an intelligent lawn mowing robot entering final testing [3] Group 4 - The growth of the company's performance is closely linked to industry trends, with motorcycle sales in China reaching 10.6146 million units in the first half of 2025, a year-on-year increase of 11.54% [3] - Exports of motorcycles also saw significant growth, with 6.4611 million units exported, up 25.44% [3] - The general machinery sector also experienced growth in exports during the same period [3] Group 5 - According to research from Minsheng Securities, the global motorcycle market demand is steadily increasing, and domestic companies like 隆鑫通用 have significantly improved their product offerings and competitiveness [4] - The company is expected to benefit from dual expansion in product and channel for its VOGE brand, leading to accelerated growth [4]

隆鑫通用动力股份有限公司 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、董事会会议召开情况 股票代码：603766 股票简称：隆鑫通用 编码：临 2025-038 第五届董事会第七次会议决议公告 隆鑫通用动力股份有限公司（以下简称"公司"）第五届董事会第七次会议 于 2025 年 8 月 22 日以通讯表决的方式召开。本次会议通知于 2025 年 8 月 12 日以通讯方式送达各位董事。会议应出席董事 9 名，实际出席董事 9 名。会议由 董事长李耀先生召集并主持。会议的召集、召开符合有关法律、行政法规、部门 规章和《公司章程》的规定，会议决议合法、有效。 二、董事会会议审议情况 本次会议经与会董事审议并逐项书面表决，形成决议如下： （一）会议以 9 票同意，0 票反对，0 票弃权，审议通过《2025 年半年度报 告全文及摘要》。 本议案已经公司董事会审计与风控委员会审议通过，并同意将此项议案提交 公司董事会审议。 （详细内容见上海证券交易所网站 www.sse.com.cn 同日披露的《2025 年半 年度报告全文及 ...

Core Viewpoint - Longxin General (603766.SH) reported a significant increase in both revenue and net profit for the first half of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company achieved an operating revenue of 9.752 billion yuan, representing a year-on-year growth of 27.21% [1] - The net profit attributable to shareholders of the listed company was 1.074 billion yuan, showing a year-on-year increase of 82.26% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.035 billion yuan, with a year-on-year growth of 82.77% [1] - The basic earnings per share were 0.5231 yuan [1]

Core Viewpoint - Longxin General (603766.SH) reported significant growth in its 2025 semi-annual results, indicating strong operational performance and profitability [1] Financial Performance - The company achieved operating revenue of 9.752 billion yuan, representing a year-on-year increase of 27.21% [1] - Net profit attributable to shareholders reached 1.074 billion yuan, reflecting a year-on-year growth of 82.26% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.035 billion yuan, with a year-on-year increase of 82.77% [1] - Basic earnings per share stood at 0.5231 yuan [1]

Core Insights - Longxin General Power Co., Ltd. reported a total asset of 16,856,663,468.45 yuan at the end of the reporting period, an increase of 4.90% compared to the end of the previous year [1] - The net assets attributable to shareholders of the listed company reached 9,435,694,010.97 yuan, growing by 2.81% [1] - The operating revenue for the period was 9,751,952,970.07 yuan, reflecting a year-on-year growth of 27.21% [1] - Total profit amounted to 1,259,597,200.64 yuan, which is an increase of 81.15% year-on-year [1] - The net profit attributable to shareholders of the listed company was 1,074,220,859.69 yuan, showing a year-on-year increase of 82.26% [1] - The net cash flow from operating activities was 1,822,145,488.78 yuan, a significant increase of 159.29% compared to the previous year [1] - Among the top ten shareholders, Chongqing Zongshen New Intelligent Manufacturing Technology Co., Ltd. held the largest share at 24.55% [1]

隆鑫通用动力股份有限公司2025 年半年度报告 隆鑫通用动力股份有限公司 2025 年半年度报告 1 / 173 公司代码：603766 公司简称：隆鑫通用 隆鑫通用动力股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人李耀、主管会计工作负责人王建超及会计机构负责人（会计主管人员）王渝生 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 公司的未来计划、战略的实现，以及对未来的分析或测算，系需要依托客观条件不发生重大 变化，该等计划不构成公司对投资者的实质承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告 ...

重大信息报告管理办法 （2025 年 8 月修订稿） 隆鑫通用动力股份有限公司 为规范隆鑫通用动力股份有限公司（以下简称"公司"）的重大信息报告工 作，保证公司重大信息的快速传递、归集和有效管理，确保公司信息披露的真实、 准确、完整、及时，维护公司和股东的合法权益，根据《中华人民共和国公司法》、 《中华人民共和国证券法》、《上市公司信息披露管理办法》、《上海证券交易所股 票上市规则》（以下简称"《股票上市规则》"）等法律、法规、规范性文件以及《隆 鑫通用动力股份有限公司章程》（以下简称"《公司章程》"）和《隆鑫通用动力股 份有限公司信息披露事务管理制度》的相关规定，结合公司实际情况，特制定本 办法。 1 适用范围 本办法适用于公司、全资子公司、控股子公司等。 2 术语 2.1 公司重大信息报告管理办法是指当出现、发生或即将发生可能对公司股 票的交易价格产生较大影响的情形或事件时，按照本办法规定负有信息报告义务 的有关人员和公司（以下简称"信息报告义务人"），应在第一时间将相关信息向 公司董事长、总经理和董事会秘书报告。 2.2 本办法所称"信息报告义务人"包括： 2.2.1 公司董事、监事、高级管理人员、各部 ...

Investment Rating - The report maintains a rating of "Outperform the Market" for the industry [7] Core Insights - The report highlights that Dahon Technology is the leading player in the domestic folding bicycle industry, with a market share of 26.3% in sales volume and 36.5% in sales revenue for 2024, indicating strong brand influence and industry position [2][12] - The folding bicycle market is experiencing rapid growth, with a projected compound annual growth rate (CAGR) of 24% in sales volume and 33% in revenue from 2022 to 2024 for Dahon Technology [2][59] - The global bicycle market is expected to grow steadily, with a retail volume increase from 164.5 million units in 2019 to 178.8 million units in 2024, reflecting a CAGR of 1.7% [13][16] Summary by Sections Industry Overview - The demand for folding bicycles is rapidly increasing, driven by urban commuting needs and the convenience of compact storage [21][22] - The global folding bicycle market is projected to grow from 2.0 million units in 2019 to 3.7 million units in 2024, with a CAGR of 13.4% [22][30] - The market for high-end folding bicycles (priced above 2500 RMB) is expanding, accounting for approximately 44.1% of retail volume and 86.5% of retail revenue in 2024 [30][42] Company Profile: Dahon Technology - Dahon Technology, founded in 1982, has established itself as a leader in the folding bicycle sector, achieving significant growth and brand recognition [2][55] - The company’s revenue for 2024 is projected to reach 4.51 billion RMB, with a net profit of 0.52 billion RMB, both reflecting a year-on-year increase of 50% [2][59] - Dahon's product strategy focuses on the mid to high-end market, with mid-range products accounting for approximately 69.5% of revenue by 2024 [70] Market Dynamics - The domestic market for folding bicycles is highly concentrated, with Dahon Technology holding a dominant position, capturing 60.4% of the market share among the top five companies [49][46] - The report indicates that the Chinese market is the largest single market for folding bicycles, with retail volume expected to grow from 0.3 million units in 2019 to 0.8 million units in 2024, reflecting a CAGR of 19.9% [40][41] - The company is expanding its distribution network, with over 680 retail points across 30 provincial regions in China, while also gradually recovering its overseas market presence [75][76]

Market Overview - On August 22, the motorcycle and other sectors experienced a decline of 0.17%, with Zhenghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Stock Performance - Notable gainers in the motorcycle sector included: - Taotao Industry (301345) with a closing price of 194.79, up 5.23% on a trading volume of 23,800 shares and a turnover of 457 million [1] - Lvtong Technology (301322) closed at 34.41, up 4.49% with a trading volume of 82,800 shares and a turnover of 283 million [1] - Conversely, Zhenghe Industrial (003033) saw a significant decline, closing at 47.94, down 5.50% with a trading volume of 51,500 shares and a turnover of 248 million [2] Capital Flow - The motorcycle and other sectors experienced a net outflow of 38.11 million from main funds, while retail investors saw a net inflow of 87.21 million [2] - Specific stock capital flows included: - Aima Technology (603529) had a main fund net inflow of 63.72 million, while retail investors had a net outflow of 65.23 million [3] - Taotao Industry (301345) recorded a main fund net inflow of 41.21 million, with retail investors also seeing a net outflow of 31.85 million [3]

Core Viewpoint - Loncin General Power Co., Ltd. has announced a change in its office address while other contact details remain unchanged [1] Group 1 - The new office address is located at Longxin Industrial Park, Area A, Dashi Second Branch Road, Nanan District, Chongqing [1] - The postal code for the new office address is 400060 [1] - The company encourages investors to maintain communication through the provided contact details, including the investor hotline and email [1]