Core Viewpoint - Qianjiang Motorcycle is actively expanding its sales channels through online live streaming and leveraging offline channels for delivery and service, while also enhancing its international presence through exhibitions, events, and new media [1] Group 1: Domestic Market Strategy - The company is promoting online live streaming to acquire leads and orders, while relying on offline channels for delivery and service [1] - There is a shift in focus from product-oriented thinking to user-oriented thinking in the new media operation system [1] Group 2: International Market Strategy - Qianjiang Motorcycle aims to expand its influence in international markets through exhibitions, events, and new media [1] - The company is looking to find and establish advantageous agents to quickly open up channels abroad [1] Group 3: User Engagement and Operations - The company is building a data-driven content creation and operation system to enhance user engagement [1] - There is an emphasis on deepening the user base among high-displacement recreational users by providing differentiated value-added services [1] - The goal is to create a closed loop from user touchpoints to conversion [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]

Core Points - The company has approved the acquisition of state-owned land use rights and buildings in various locations, with a total compensation amounting to 1.25 billion CNY [1] - A supplementary contract was signed with the management committee, offering rewards for early vacating of land, with a maximum total reward of approximately 29.23 million CNY [2] - The company has received multiple payments for land acquisition and compensation, totaling approximately 1.28 billion CNY to date [4] Financial Impact - The land acquisition payments, after deducting related asset costs and disposal fees, are expected to increase the company's pre-tax profit by approximately 850 million CNY in 2025 [5]

Core Viewpoint - The company recognizes the electrification of motorcycles as a future trend and is actively developing various electric motorcycle models, although their current sales proportion remains low [2]. Company Developments - The company has established a manufacturing and sales entity in Indonesia to expand its electric vehicle business, which is one of its primary strategic directions [2].

Core Viewpoint - Qianjiang Motorcycle (000913.SZ) has signed a supplementary contract for the acquisition of state-owned land use rights, with a total of RMB 1.281 billion received from land acquisition and compensation payments [1] Group 1 - On November 26, 2025, the company received a supplementary contract signed with the management committee and Yizhong Electric, Yirong Intelligent, which stipulates that the remaining 10% of the acquisition payment and compensation will be paid within 15 days after the contract takes effect [1] - The company has received the fifth payment of land acquisition and compensation amounting to RMB 125 million from Jiulonghui Development on the same day [1] - To date, the company has received all land acquisition payments, compensation, and vacating rewards, totaling RMB 1.281 billion [1]

关于收到土地收购款和补偿款的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江钱江摩托股份有限公司（以下简称"公司"）于 2022 年 7 月 29 日召 开第八届董事会第八次会议审议通过了《关于土地收购的议案》，温岭工业园 区管理委员会（以下简称"管委会"）对公司坐落在温岭市城东街道横山头村 锦屏大道（压铸厂）、城东街道横山头村锦屏大道（锦屏厂区）、温岭经济开 发区泽坎公路（股份总部）国有土地使用权及地面建筑物、公司全资子公司浙 江益中智能电气有限公司（以下简称"益中电气"）位于城西街道莞田村万昌 西路（九分厂）、位于城东街道横湖桥村横湖中泽坎路公路东侧（原六分厂） 国有土地使用权及地面建筑物、公司全资子公司浙江益荣智能机械有限公司 （以下简称"益荣智能"）位于城东街道横山头村曙光路 6 号（益荣厂）国有 土地使用权及地面建筑物进行收购，收购款及补偿款共计 125,128.90 万元，详 细内容见公司于 2022 年 7 月 30 日披露的《关于土地收购的公告》（公告编号： 2022-046），上述事项已经公司 2022 年第二次临时股东大会审议通过 ...

Core Viewpoint - The company has received a total of 1.25 billion yuan as the fifth payment for land acquisition and compensation from Kowloon Bay Development on November 26, 2025, bringing the total received to 12.81 billion yuan [1] Summary by Categories - **Land Acquisition Payments** - The company has received all land acquisition payments and compensation, totaling 12.81 billion yuan [1] - The latest payment of 1.25 billion yuan was received on November 26, 2025 [1] - **Financial Impact** - The total amount received includes land acquisition payments, compensation, and relocation rewards [1]

Group 1 - The company, Qianjiang Motorcycle, stated that its current production and operations are normal, with good cash flow and a healthy asset-liability structure [2] - The company aims to strengthen its core business as the foundation for valuation enhancement, focusing on increasing communication frequency and depth with investors through performance briefings, roadshows, and improving information disclosure quality [2] - The company emphasizes regular communication with the capital market as part of its investor relations strategy [2]

Core Viewpoint - Qianjiang Motorcycle announced on November 25 that as of November 20, 2025, the number of shareholders is expected to reach 22,478 [2] Summary by Category - **Company Information** - Qianjiang Motorcycle has provided an update regarding its shareholder count, indicating a projected total of 22,478 shareholders by November 20, 2025 [2] - **Investor Communication** - The company engaged with investors through an interactive platform, responding to inquiries about shareholder numbers [2]

Group 1 - The core viewpoint of the article highlights the decline in motorcycle production and sales for Zhejiang Qianjiang Motorcycle Co., Ltd. in September 2025, indicating a challenging market environment for the motorcycle industry in China [1] - In September 2025, Qianjiang Motorcycle's production was 35,240 units, representing a year-on-year decrease of 2.3% [1] - The sales volume for the same period was 37,820 units, showing a significant year-on-year decline of 20.88% [1] - The production and sales rate stood at 107.32%, with 2,580 units cleared from inventory [1] Group 2 - The article references a comprehensive market assessment and development strategy analysis report for the motorcycle industry in China, covering the period from 2026 to 2032 [1] - It mentions various listed companies in the motorcycle sector, including Qianjiang Motorcycle, Xinlong Health, Zhenghe Industrial, and others, indicating a broad industry context [1] - The data is sourced from the China Automotive Industry (Motorcycle) Production and Sales Quick Report, organized by Zhiyan Consulting, a leading industry consulting firm in China [1]