Chang Jiang Shang Bao·2026-02-24 07:27Group 1 - The core objective of the asset swap between Zongshen Power and Longxin General is to resolve the issue of industry competition and achieve business focus and specialization [1][2][3] - After the asset swap, Longxin General will concentrate on motorcycle and engine businesses, while Zongshen Power will focus on general machinery [2][5] - As of September 2025, Zongshen Power and Longxin General have total assets of approximately 12.7 billion and 17.67 billion respectively, with motorcycle sales in 2024 reaching 1.8 million and 1.54 million units, ranking second and third in the industry [3][4] Group 2 - In the first half of 2025, Zongshen Power's motorcycle engine business generated total revenue of 2.33 billion, a year-on-year increase of 14.39%, while its general machinery business achieved revenue of 3.65 billion, up 73.06% [4] - Longxin General's motorcycle business generated sales revenue of 7.27 billion in the first half of 2025, a year-on-year increase of 23.14%, with the Wujie VOGE series contributing 1.98 billion, up 30.23% [4] - For the year 2025, Zongshen Power's net profit is expected to be between 646 million and 738 million, while Longxin General's net profit is projected to be between 1.65 billion and 1.8 billion, leading to a combined profit of over 2.296 billion [6]