Core Viewpoint - The motorcycle industry is experiencing significant growth, particularly in the sales of larger displacement motorcycles, with a notable increase in year-on-year sales figures for August 2025 [2][4]. August Data Observation - For motorcycles with displacement over 250cc, August sales reached 84,000 units, representing a year-on-year increase of 23.6% but a month-on-month decrease of 4.4%. Cumulative sales from January to August totaled 675,000 units, up 36.0% year-on-year [2]. - In the 250ml to 400ml displacement category, August sales were 47,000 units, up 28.5% year-on-year and 6.5% month-on-month, with cumulative sales of 356,000 units from January to August, reflecting a 36.5% year-on-year increase [3]. - For the 400ml to 500ml category, August sales were 17,000 units, down 28.5% year-on-year and 27.9% month-on-month, with cumulative sales of 170,000 units, showing a slight year-on-year increase of 0.9% [4]. - In the 500ml to 800ml category, August sales reached 19,000 units, a significant year-on-year increase of 231.4% and a month-on-month increase of 0.8%, with cumulative sales of 131,000 units, up 130.2% year-on-year [4]. - For motorcycles over 800cc, August sales were 1,000 units, down 39.4% year-on-year and 16.6% month-on-month, with cumulative sales of 17,000 units, up 77.6% year-on-year [4]. Company Performance - Chuanfeng Power sold 15,000 units in August, a year-on-year increase of 14.4%, with a market share of 17.4%, down 3.5 percentage points month-on-month. The cumulative market share from January to August was 21.0%, an increase of 1.2 percentage points compared to the full year of 2024 [5]. - Longxin General sold 14,000 units in August, a year-on-year increase of 29.0%, with a market share of 16.9%, up 1.0 percentage points month-on-month. The cumulative market share from January to August was 14.2%, unchanged from the full year of 2024 [5]. - Qianjiang Motorcycle sold 9,000 units in August, a year-on-year decrease of 18.5%, with a market share of 10.2%, down 1.3 percentage points month-on-month. The cumulative market share from January to August was 13.1%, down 3.7 percentage points compared to the full year of 2024 [5]. Industry Outlook - The industry is advised to focus on key companies such as Geely Automobile, Xiaopeng Motors, Li Auto, BYD, Xiaomi Group, Chuanfeng Power, and others as potential investment opportunities [6][10][12].

Core Viewpoint - The motorcycle industry is experiencing steady growth in sales, particularly in the mid-to-large displacement segment, with a notable increase in exports and a focus on high-end domestic models [4][16]. Industry Overview - In August, sales of motorcycles above 125cc reached 670,000 units, a year-on-year increase of 8.9% and a month-on-month increase of 0.7%, driven mainly by the 125-150cc and 500-800cc segments [3]. - The sales of motorcycles above 250cc reached 84,000 units in August, marking a year-on-year increase of 23.6% but a month-on-month decrease of 4.4%, with cumulative sales from January to August at 675,000 units, up 36.0% year-on-year [2][3]. - Exports of motorcycles above 250cc in August totaled 47,000 units, a year-on-year increase of 64.1%, with cumulative exports from January to August at 358,000 units, up 71.1% year-on-year [3]. Domestic Sales - Domestic sales of motorcycles above 250cc in August were 38,000 units, down 5.4% year-on-year and 10.0% month-on-month, with cumulative sales from January to August at 316,000 units, up 10.8% year-on-year [4][6]. - The structure of sales shows strong growth in the 500cc+ displacement models, indicating a trend towards higher-end products [4]. Market Share and Competition - The top three companies in the 250cc+ segment in August were Chuanfeng Power, Qianjiang Motorcycle, and Longxin General, with a combined market share of 44.6% [5]. - Chuanfeng Power's sales in August were 15,000 units, up 14.4% year-on-year, while Qianjiang Motorcycle's sales were 9,000 units, down 18.5% year-on-year [5][11]. Company Performance - Chuanfeng Power reported total two-wheeler sales of 50,000 units in August, a year-on-year increase of 73.3%, with cumulative sales from January to August at 374,000 units, up 94.5% year-on-year [6]. - Qianjiang Motorcycle's sales in August were 33,000 units, down 3.4% year-on-year, with cumulative sales from January to August at 267,000 units, down 12.0% year-on-year [11]. - Longxin General's motorcycle sales in August were 117,000 units, down 29.1% year-on-year, with cumulative sales from January to August at 952,000 units, down 7.1% year-on-year [13]. Future Outlook - The motorcycle industry is expected to continue its growth trajectory, with a focus on expanding exports and introducing new high-displacement models [10][19]. - Companies are anticipated to enhance their product offerings, particularly in the 450cc and 650cc segments, which are expected to drive sales [10].

Core Viewpoint - 隆鑫通用's stock has experienced fluctuations, with a year-to-date increase of 42.41% and a recent decline over the past 20 days, indicating volatility in its market performance [1] Company Overview - 隆鑫通用动力股份有限公司, established on June 8, 2007, and listed on August 10, 2012, is located in Chongqing and primarily engages in the production of motorcycles, engines, and general machinery [1] - The company's revenue composition includes motorcycles and engines (74.58%), general machinery products (22.41%), high-end components (1.26%), large commercial generator sets (1.03%), and others (0.72%) [1] Financial Performance - For the first half of 2025, 隆鑫通用 reported a revenue of 97.52 billion, reflecting a year-on-year growth of 27.21%, and a net profit attributable to shareholders of 10.74 billion, marking an increase of 82.26% [2] - Since its A-share listing, 隆鑫通用 has distributed a total of 36.05 billion in dividends, with 11.91 billion distributed over the past three years [3] Shareholder Information - As of June 30, 2025, 隆鑫通用 had 29,800 shareholders, a decrease of 1.16% from the previous period, with an average of 68,931 circulating shares per shareholder, an increase of 1.17% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 107 million shares, which decreased by 13.53 million shares compared to the previous period, and 广发创新升级混合 (002939), which is a new shareholder holding 15.53 million shares [3] Market Activity - On September 19, 隆鑫通用's stock price fell by 2.06% to 12.39 yuan per share, with a trading volume of 1.50 billion and a turnover rate of 0.58%, resulting in a total market capitalization of 254.43 billion [1] - The net outflow of main funds was 7.41 million, with significant buying and selling activity from large orders [1]

Group 1 - The company, Longxin General Power Co., Ltd., will participate in the "Chongqing Listed Companies 2025 Investor Online Collective Reception Day" on September 25, 2025 [1] - The event aims to enhance investor relations management and promote high-quality development of listed companies [1] - Investors can engage in online communication with the company's representatives during the event [1]

Industry Overview - In August, the total sales of two-wheeled fuel motorcycles reached 1.441 million units, a year-on-year increase of 11.6% [1] - Exports accounted for 1.073 million units, up 20.8% year-on-year, while domestic sales were 368,000 units, down 8.7% [1] - For motorcycles above 250cc, sales were 84,000 units, reflecting a year-on-year increase of 23.6% [1] Company Insights Chunfeng Power - In August, Chunfeng Power sold 18,000 two-wheeled fuel motorcycles, a decrease of 18.7% year-on-year [2] - Exports were 11,000 units, up 51.6%, while domestic sales dropped to 7,000 units, down 52.7% [2] - Electric motorcycle sales surged to 33,000 units, a remarkable increase of 348.6% [2] Longxin General - Longxin General reported total sales of 93,000 two-wheeled motorcycles in August, down 34.0% year-on-year [3] - Exports were 82,000 units, a decline of 36.8%, while domestic sales were 11,000 units, down 1.3% [3] - Sales of motorcycles above 250cc reached 14,000 units, up 29.0% year-on-year [3] Qianjiang Motorcycle - Qianjiang Motorcycle's total sales of two-wheeled motorcycles in August were 34,000 units, remaining stable year-on-year [4] - Exports increased significantly to 23,000 units, up 84.9%, while domestic sales fell to 11,000 units, down 48.8% [4] - For motorcycles above 250cc, sales were 9,000 units, a decrease of 18.5% year-on-year [4]

Investment Rating - The industry investment rating is maintained at "Outperform" [1] Core Insights - In August 2025, the total sales of two-wheeled fuel motorcycles reached 1.441 million units, representing a year-on-year increase of 11.6%. Exports accounted for 1.073 million units, up 20.8%, while domestic sales were 368,000 units, down 8.7% [4][10] - For motorcycles above 250cc, sales in August were 84,000 units, a year-on-year increase of 23.6%. Exports were 47,000 units, up 64.1%, and domestic sales were 38,000 units, down 5.4% [4][10] - Electric motorcycle sales surged to 33,000 units in August, marking a significant year-on-year increase of 348.6% [19] - The all-terrain vehicle (ATV) sales from domestic factories were 14,000 units, down 13.1% year-on-year [19] Summary by Relevant Sections Two-Wheeled Fuel Motorcycles - Total sales in August were 1.441 million units, with exports at 1.073 million units and domestic sales at 368,000 units [4][10] - Year-to-date total sales reached 11.2623 million units, up 14% year-on-year [5] Motorcycles Above 250cc - August sales were 84,500 units, with exports at 47,000 units and domestic sales at 38,000 units [4][10] - Year-to-date total sales reached 674,800 units, up 36% year-on-year [5] Electric Motorcycles - August sales reached 33,000 units, with a year-on-year increase of 348.6% [19] - Year-to-date total sales reached 193,500 units, up 857% year-on-year [19] All-Terrain Vehicles - August sales were 2,000 units, with a year-on-year increase of 186.2% [26] - Year-to-date total sales reached 12,210 units, up 7% year-on-year [5] Three-Wheeled Motorcycles - August sales were 25,000 units, with a year-on-year increase of 46.7% [26] - Year-to-date total sales reached 199,300 units, up 47% year-on-year [5]

Core Viewpoint - The motorcycle and other sectors experienced a significant increase of 3.19% on September 17, with Longxin General leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3876.34, up by 0.37% [1] - The Shenzhen Component Index closed at 13215.46, up by 1.16% [1] Group 2: Individual Stock Performance - Longxin General (603766) closed at 12.99, with a rise of 6.74% and a trading volume of 628,400 shares, amounting to a transaction value of 799 million yuan [1] - Taotao Industry (301345) closed at 221.60, up by 6.27% with a trading volume of 21,900 shares, totaling 479 million yuan [1] - Ninebot Company (6000689) closed at 70.32, increasing by 4.89% with a trading volume of 244,000 shares, resulting in a transaction value of 1.704 billion yuan [1] - Chunfeng Power (603129) closed at 290.32, up by 4.52% with a trading volume of 19,800 shares, totaling 564 million yuan [1] - Yong'an Xing (603776) closed at 22.66, increasing by 3.85% with a trading volume of 127,400 shares, amounting to 289 million yuan [1] - Huayang Saiche (834058) closed at 41.01, up by 3.30% with a trading volume of 23,900 shares, totaling 9.529 million yuan [1] - Lvtong Technology (301322) closed at 34.45, increasing by 3.17% with a trading volume of 56,300 shares, amounting to 193 million yuan [1] - Qianli Technology (601777) closed at 11.88, up by 2.59% with a trading volume of 565,700 shares, totaling 663 million yuan [1] - Jiuqi Co., Ltd. (300994) closed at 19.41, increasing by 2.10% with a trading volume of 86,800 shares, amounting to 170 million yuan [1] - Yuanma Technology (603529) closed at 34.87, up by 1.13% with a trading volume of 67,600 shares [1] Group 3: Capital Flow - The motorcycle and other sectors saw a net inflow of 254 million yuan from main funds, while retail funds experienced a net outflow of 129 million yuan and 125 million yuan respectively [1]

特此公告。 隆鑫通用动力股份有限公司 董事会 关于参加重庆辖区 2025 年投资者网上集体接待日活动 的公告 本公司董事会及全体董事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个别及连带责任。 为进一步提高辖区上市公司投资者关系管理水平，促进公司完善公司治理， 助力上市公司高质量发展。隆鑫通用动力股份有限公司（以下简称"公司"）将 参加由重庆证监局指导，重庆上市公司协会联合深圳市全景网络有限公司举办 的"重庆辖区上市公司 2025 年投资者网上集体接待日暨半年度业绩说明会活动"。 活动将于 2025 年 9 月 25 日（星期四）15:00-17:00 举行，投资者可以登录"全 景路演"平台（http://rs.p5w.net）进入公司互动平台参与交流。 届时，公司相关人员将参加本次活动，与投资者进行"一对多"形式的在线 交流，回复投资者关心的问题。欢迎广大投资者参与本次活动。 股票代码：603766 股票简称：隆鑫通用 编码：2025-039 隆鑫通用动力股份有限公司 2025 年 9 月 18 日 - 1 - ...

Market Overview - The Shanghai Composite Index closed at 3876.38 points, above the six-month moving average, with an increase of 0.38% [1] - The total trading volume of A-shares reached 1,956.132 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 57 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - United Optoelectronics: 3.70% [1] - Longxin General: 3.64% [1] - *ST Nanzhi: 3.60% [1] - Other stocks with smaller deviation rates that just crossed the six-month line include Honghai Technology, Rhine Biology, and Qijing Machinery [1] Top Stocks by Deviation Rate - The following stocks have the highest deviation rates from the six-month moving average: - United Optoelectronics (300691): 5.42% increase, trading at 19.64 yuan [1] - Longxin General (603766): 7.15% increase, trading at 13.04 yuan [1] - *ST Nanzhi (002305): 4.91% increase, trading at 2.35 yuan [1] - Other notable stocks include: - Huangting International (000056): 6.31% increase, trading at 3.20 yuan, deviation rate of 3.29% [1] - Berteli (603596): 6.65% increase, trading at 54.39 yuan, deviation rate of 3.11% [1] Additional Stocks with Positive Performance - Other stocks with positive performance and deviation rates include: - Airong Software (920799): 4.29% increase, trading at 60.76 yuan, deviation rate of 2.91% [1] - Yingshisheng (300377): 4.65% increase, trading at 24.77 yuan, deviation rate of 2.59% [1] - Zhengfan Technology (688596): 4.28% increase, trading at 37.01 yuan, deviation rate of 2.42% [1]

Market Overview - The Shanghai Composite Index closed at 3877.55 points, above the six-month moving average, with an increase of 0.41% [1] - The total trading volume of A-shares reached 1561.918 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 64 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Ying Shisheng (300377) with a deviation rate of 3.74% and a daily increase of 5.83% [1] - United Optoelectronics (300691) with a deviation rate of 3.18% and a daily increase of 4.88% [1] - *ST Nanzhi (002305) with a deviation rate of 3.16% and a daily increase of 4.46% [1] Detailed Stock Performance - The following stocks have notable performance metrics: - Ying Shisheng (300377): Latest price 25.05 yuan, half-year line 24.15 yuan, turnover rate 7.63% [1] - United Optoelectronics (300691): Latest price 19.54 yuan, half-year line 18.94 yuan, turnover rate 7.03% [1] - *ST Nanzhi (002305): Latest price 2.34 yuan, half-year line 2.27 yuan, turnover rate 6.70% [1] - Other stocks with smaller deviation rates include: - ST Jinglan (000056) with a deviation rate of 2.97% and a daily increase of 5.98% [1] - Quanxin Co. (603766) with a deviation rate of 2.38% and a daily increase of 5.83% [1]