Ge Long Hui A P P·2025-08-12 09:50Core Viewpoint - Dongwu Securities report indicates that Spring Power's Q2 performance exceeded expectations, with rapid growth in three major business segments [1] Group 1: Business Performance - The company is a leading player in the all-terrain vehicle and motorcycle market in China, showing significant sales performance in H1 2025 across its three major business segments [1] - There is a notable optimization in the product structure of all-terrain vehicles and motorcycles [1] Group 2: Financial Forecast - The firm maintains its forecast for the company's net profit attributable to shareholders at 1.87 billion, 2.47 billion, and 2.74 billion yuan for 2025, 2026, and 2027 respectively [1] - Corresponding price-to-earnings ratios for 2025-2027 are projected to be 20.6, 15.6, and 14.1 times [1] Group 3: Investment Rating - Given the company's solid leading position and the upward resonance of its three major business segments, the firm continues to maintain a "buy" rating [1]