Group 1 - Longxin General Power Co., Ltd. experienced a 5% increase in stock price, reaching 13.22 CNY per share, with a trading volume of 696 million CNY and a turnover rate of 2.61%, resulting in a total market capitalization of 27.148 billion CNY [1] - The company, established on June 8, 2007, and listed on August 10, 2012, primarily engages in the production of motorcycles, engines, and general machinery. The revenue composition 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 - The Xinda Australia Fund has a significant holding in Longxin General, with the Xinda Technology Innovation One-Year Open Mixed A Fund (009437) holding 622,700 shares, representing 3.3% of the fund's net value, making it the ninth-largest holding. The estimated floating profit today is approximately 392,300 CNY [2] - The Xinda Technology Innovation One-Year Open Mixed A Fund, managed by Wu Kai, was established on May 29, 2020, with a current scale of 197 million CNY. Year-to-date returns are 72.1%, ranking 270 out of 8,234 in its category, while the one-year return is 73.53%, ranking 267 out of 8,083 [2]

Investment Rating - The report maintains an "Outperform" rating for the industry [7] Core Insights - The report highlights a significant increase in holiday travel and consumption, with an average of 3.04 billion people traveling daily from October 1 to 8, a year-on-year increase of 6.3% [3][11] - Domestic consumption is showing steady improvement, with average daily sales in related sectors increasing by 4.5% during the holiday period, driven by strong performance in digital products, jewelry, and cultural services [3][15] - The offline performance of the entertainment sector is robust, with a 39.5% year-on-year increase in audience numbers for live performances during the holiday [3][20] Summary by Sections Holiday Consumption Trends - The report notes a rise in domestic travel, with 8.88 billion domestic trips taken during the holiday, an increase of 1.23 billion trips compared to the previous year [11][12] - The average spending per person decreased by 13% despite the increase in total expenditure, which reached 809 billion yuan [11][12] Retail and E-commerce Performance - Key retail and catering enterprises saw a 2.7% year-on-year increase in sales during the holiday [19] - E-commerce platforms experienced a surge in sales of green organic foods (up 27.9%), smart home products (up 14.3%), and domestic fashion brands (up 14.1%) [19][20] Investment Recommendations - The report suggests focusing on several sectors for potential investment, including: 1. Major appliances benefiting from trade-in programs, recommending companies like Midea Group, Haier Smart Home, and Gree Electric [4][23] 2. The pet industry, which is expected to remain resilient, with recommendations for companies like Guai Bao Pet and Zhongchong Co [4][23] 3. Small appliances and branded apparel, which may see a rebound in demand, with recommendations for companies like Bear Electric and Anta Sports [4][23] 4. Electric two-wheelers, with a strong outlook for domestic sales improvement, recommending companies like Ninebot and Yadea [4][23] Global Market Opportunities - The report emphasizes the long-term theme of international expansion, recommending companies like Ecovacs and Roborock in the cleaning appliance sector, and Midea and Haier in the major appliance sector [5][24] - It also highlights the potential for motorcycle brands to increase their market share overseas, suggesting companies like Chunfeng Power and Longxin General [5][24] Market Data - The home appliance sector saw a slight decline of 0.4% this week, with specific segments showing varied performance: white goods up 0.8%, black goods down 0.3%, and kitchen appliances down 1.0% [25]

Group 1 - The motorcycle and other sectors experienced a rise of 0.63% on October 10, with TaoTao Industry leading the gains [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] - TaoTao Industry's stock price increased by 8.83% to 230.18, with a trading volume of 28,900 lots and a transaction value of 651 million [1] Group 2 - The motorcycle and other sectors saw a net inflow of 59.66 million from main funds, while retail investors experienced a net outflow of 74.05 million [2] - The stock of Ninebot Company had a main fund net inflow of 85.62 million, representing 7.87% of its total [3] - TaoTao Industry had a main fund net inflow of 77.91 million, accounting for 11.97% of its total, but retail investors withdrew 29.09 million [3]

603766 隆鑫通用 证券代码：603766 2025 年 10 月 1 / 36 | 参会须知 3 | | --- | | 会议议程 5 | | 议案1：《关于取消监事会的议案》 7 | | 议案2：《关于修订<公司章程>的议案》 8 | | 议案3：《关于修订公司部分治理制度的议案》 37 | 603766 隆鑫通用 隆鑫通用动力股份有限公司 2025 年第二次临时股东大会 会议资料 隆鑫通用动力股份有限公司 2025年第二次临时股东大会参会须知 为维护投资者的合法权益，保障股东在公司2025年第二次临时股东大会期间依法行 使权利，确保股东大会的正常秩序和议事效率，根据《中华人民共和国公司法》、《隆鑫 通用动力股份有限公司章程》、《隆鑫通用动力股份有限公司股东大会议事规则》的有关 规定，特制定本须知： 一、请按照本次股东大会会议通知（详见公司于2025年9月30日刊登在上海证券交 易所网站（www.sse.com.cn）的《隆鑫通用动力股份有限公司关于召开2025年第二次临 时股东大会的通知》）中规定的时间和登记方法办理现场参加会议手续，证明文件不齐 或手续不全的，谢绝参会。 二、本公司设立股东大会秘书 ...

Market Overview - On October 9, the motorcycle and other sectors fell by 0.92%, with Qianli Technology leading the decline [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Stock Performance - Notable gainers in the motorcycle sector included: - Zhenghe Industrial: Closed at 66.22, up 6.82% with a trading volume of 53,400 shares and a turnover of 338 million yuan [1] - Longxin General: Closed at 12.25, up 1.91% with a trading volume of 291,400 shares and a turnover of 355 million yuan [1] - Qianli Technology: Closed at 11.97, down 3.70% with a trading volume of 860,200 shares and a turnover of 1.042 billion yuan [2] Capital Flow - The motorcycle and other sectors experienced a net outflow of 180 million yuan from main funds, while retail investors saw a net inflow of 52.76 million yuan [2] - The capital flow for key stocks showed: - Qianli Technology: Main funds net outflow of 58.3 million yuan, retail net inflow of 68.84 million yuan [3] - Zhenghe Industrial: Main funds net inflow of 16.48 million yuan, retail net outflow of 20.12 million yuan [3]

Core Viewpoint - Chongqing is transforming into a global industrial base for smart connected electric vehicles, with ambitious production targets and a focus on electric two-wheelers, aiming for an annual output of over 15 million units by 2027 [1][14]. Group 1: Industry Transformation - The production of electric motorcycles in Chongqing reached 1.45 million units from January to July this year, marking a 34% year-on-year increase, indicating a rapid shift towards electrification [2]. - Chongqing has attracted seven of the top ten electric vehicle companies in China, including Yadea and Aima, with a local supply rate exceeding 60% for key components [1][10]. - The local government has initiated the "Chongqing Smart Connected Electric Vehicle Industry Development Action Plan (2025-2027)," aiming to establish a global industrial base for smart electric vehicles [1][14]. Group 2: Historical Context - Chongqing was once the heart of motorcycle manufacturing in China, producing the first civilian motorcycle, the "Jialing CJ50," in 1979, which symbolized the beginning of motorized transportation for Chinese families [4][7]. - The decline of the "Big Three" motorcycle manufacturers—Lifan, Longxin, and Zongshen—was attributed to policy changes, market saturation, and technological limitations, leading to a significant shift in the industry landscape [8][9]. Group 3: Smart and Electric Integration - The focus is shifting from merely achieving electrification to integrating smart technologies, with companies like Tailin implementing Huawei's HarmonyOS for enhanced connectivity features [12][13]. - The Chongqing government is promoting the development of a "Smart Electric Vehicle Data Service System" to facilitate future applications like battery swapping and shared mobility [10][12]. - The challenge lies in balancing the cost of smart features with consumer willingness to pay, as the electric two-wheeler market is highly price-sensitive [12][13]. Group 4: Global Expansion - With the domestic market reaching saturation, Chongqing's motorcycle companies are looking to expand internationally, particularly in Southeast Asia, Africa, and Latin America [2][16]. - The logistics network in Chongqing is a competitive advantage for exporting electric vehicles, with efficient routes established to key markets [19]. - Companies are adapting their products for international markets, focusing on customization and smart technology to differentiate themselves from competitors [20][21].

Core Points - The company has decided to abolish the supervisory board and amend its articles of association and governance systems to enhance corporate governance and compliance with relevant laws [1][3] - The decision was made during the eighth meeting of the fifth board of directors, with unanimous support from the board members [1] - The proposed changes will be submitted for approval at the shareholders' meeting, and the current supervisory board will continue to fulfill its duties until the changes are approved [2] Summary of Key Changes - The supervisory board will be replaced by the audit and risk control committee, which will assume the supervisory board's responsibilities [1] - The articles of association will be revised to replace all mentions of "shareholders' meeting" with "shareholders' assembly" and to remove references to the supervisory board, substituting them with the audit and risk control committee [3][5] - Additional adjustments will be made to sections regarding independent directors, board committees, and internal audits, with changes in article numbering due to the amendments [3][5]

Group 1 - The company will hold its second extraordinary general meeting of shareholders on October 16, 2025 [2][21] - The meeting will be conducted using a combination of on-site and online voting methods [2][3] - The on-site meeting will take place at the company's management platform in Chongqing at 14:00 [2][3] Group 2 - Shareholders can vote through the Shanghai Stock Exchange's online voting system during specified trading hours on the meeting day [3][4] - The voting process for margin trading and other related accounts must comply with relevant regulations [4] - There are no proposals for public solicitation of shareholder voting rights [4] Group 3 - All proposals for the meeting have been previously disclosed and approved by the company's board of directors [5] - Special resolutions will include proposals related to the cancellation of the supervisory board and amendments to the company's articles of association [5][16][17] - There are no proposals requiring separate voting for minority investors or involving related shareholders [5] Group 4 - Shareholders must register to attend the meeting, with specific requirements for natural and legal persons [10][11] - Registration can be done in person, via fax, or email, with a deadline of October 14, 2025 [12] - The meeting is expected to last half a day, and attendees will bear their own travel and accommodation costs [10][12] Group 5 - The board of directors has approved the cancellation of the supervisory board, transferring its responsibilities to the audit and risk control committee [22] - The number of members in the audit and risk control committee will increase from three to five, including three independent directors [22][23] - The company has appointed a new vice president, Zhang Cheng, to oversee risk management [23][25]

Core Viewpoint - Longxin General (603766) announced the appointment of Mr. Zhang Cheng as the new Deputy General Manager, primarily responsible for the company's risk management center [1] Group 1 - Longxin General has made a strategic decision to enhance its management team by appointing a new Deputy General Manager [1] - The focus of the new Deputy General Manager's role will be on risk management, indicating the company's commitment to strengthening its risk management framework [1]

Group 1 - The company, Longxin General (SH 603766), announced the appointment of Mr. Zhang Cheng as the vice president, responsible for the risk management center, with a unanimous board approval [1] - For the fiscal year 2024, the company's revenue composition is heavily weighted towards the machinery manufacturing sector, accounting for 99.23%, while other businesses contribute only 0.77% [1] Group 2 - The market capitalization of Longxin General is reported to be 24.9 billion yuan [2] - The competition in the beverage industry is intensifying, with a notable decline in market share for Yibao, dropping nearly 5 percentage points due to the introduction of Farmer's green bottle [2]