民生证券给予隆鑫通用“推荐”评级，系列点评六：2025Q3业绩超预期无极品牌量利共振

Core Viewpoint - Minsheng Securities has issued a "recommend" rating for Longxin General (603766.SH, latest price: 13.93 yuan), highlighting strong growth potential driven by business synergies and global expansion efforts [1] Group 1: Performance and Growth Drivers - The company is expected to see significant performance growth by Q3 2025, driven by enhanced business collaboration [1] - The combination of products and channels is facilitating rapid growth of the Wujie brand [1] - The mid-to-large displacement motorcycle segment is becoming a key contributor to the global expansion of the Wujie brand [1] Group 2: Risks - Potential risks include slower-than-expected progress in the restructuring of the controlling shareholder [1] - There are concerns regarding the company's product sales not meeting expectations [1] - Challenges in overseas expansion and currency fluctuations are also noted as risks [1]