LONCIN(SH:603766) Zheng Quan Shi Bao Wang·2025-12-12 08:01Core Viewpoint - The company believes that the recent tariff increase on motorcycles imported from China to Mexico will have a limited direct impact on its existing business operations [1] Group 1: Business Model and Tariff Impact - The company's core business model effectively mitigates the risk of tariffs on complete vehicles by utilizing the IKD (Incomplete Knock Down) model, which involves exporting products in disassembled form for local assembly in Mexico [1] - The increase in tariffs to 35% on complete motorcycles imported from China does not apply to the company's current export operations due to the IKD model [1] Group 2: Impact on Related Products - The company anticipates that the impact on other related motorcycle products will also be minimal, as the definitions in the tariff legislation typically do not include "parts" or "kits" intended for assembly [1] - The company's current business structure is positioned to effectively buffer against the shocks from the recent tariff policy adjustments [1]