春风动力上半年净利增超四成 燃油电动双轮驱动成效显著

Core Insights - The company reported significant growth in both revenue and net profit for the first half of 2025, with revenue reaching 9.855 billion and net profit at 1.002 billion, reflecting year-on-year increases of 30.90% and 41.35% respectively [1][2] Group 1: Business Performance - The all-terrain vehicle segment remains the core business, achieving sales of 101,800 units and revenue of 4.731 billion, marking a year-on-year revenue growth of 33.95% and contributing 48.0% to total revenue [1] - The motorcycle segment saw sales of 150,300 units and revenue of 3.346 billion, with a year-on-year revenue increase of 3.03%, indicating the effectiveness of the company's high-end and global strategies [1] - The electric vehicle segment, under the ZEEHO brand, experienced explosive growth with sales of 250,500 units and revenue of 872 million, reflecting a staggering year-on-year increase of 652.06% [1] Group 2: Market Expansion and R&D - The company is accelerating its global network expansion, with over 7,000 retail terminals established across more than 100 countries and regions, achieving 100% coverage in direct-controlled municipalities and provincial capitals in the domestic market [2] - R&D investment reached 549 million, accounting for 5.57% of revenue, which is a year-on-year increase of 19.86%, supporting product innovation and technological breakthroughs [2] - The company's global layout and high-end product strategy have led to impressive performance, with a clear long-term growth logic expected to benefit from global market expansion and domestic consumption upgrades [2]