Core Viewpoint - The company has established a strong brand presence and quality control system through years of collaboration with leading international brands, significantly enhancing product quality and market competitiveness [1][3]. Group 1: Company Development - The company has successfully launched multiple models such as the Wujin 900DSX and 525DSX, which have entered the best-selling lists in Spain and Italy [1]. - The product matrix has expanded to cover a range of motorcycle types and displacements from 200cc to 900cc, with multiple new products released annually to cater to various market segments [1]. - The company has achieved a compound annual growth rate (CAGR) of 66.35% in revenue from the Wujin series from 2019 to 2024, making it a core growth engine [1]. Group 2: Market Opportunities - The domestic motorcycle market is stable but competitive, with structural opportunities arising as consumer demand shifts from traditional transportation to leisure and sports products [2]. - The penetration rate of large-displacement motorcycles in China is below 5%, indicating significant growth potential compared to over 60% in overseas markets [2]. - Emerging markets in Latin America, particularly Argentina, Brazil, Mexico, and Colombia, present growth opportunities for domestic brands due to their high cost-performance ratio [2]. Group 3: Financial Projections - Revenue projections for the company are estimated at 20.0 billion, 23.36 billion, and 26.87 billion yuan for 2025, 2026, and 2027, respectively, with growth rates of 18.9%, 16.8%, and 15.0% [3]. - The net profit attributable to the parent company is projected to be 2.03 billion, 2.45 billion, and 2.89 billion yuan for the same years, with growth rates of 81%, 20.5%, and 18.3% [3]. - Earnings per share (EPS) are expected to be 0.99, 1.19, and 1.41 yuan, with corresponding price-to-earnings (PE) ratios of 13X, 11X, and 9X based on the closing price of 13.15 yuan per share on October 23, 2025 [3].