知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 数据来源：中国汽车工业(摩托车)产销快讯，智研咨询整理 上市公司：钱江摩托（000913），信隆健康（002105），征和工业（003033），久祺股份（300994）， 林海股份（600099），上海凤凰（600679），中路股份（600818），力帆科技（601777），春风动力 （603129），爱玛科技（603529），隆鑫通用（603766），永安行（603776），新日股份（603787）， 绿通科技（301322），涛涛车业（301345），华洋赛车（834058） 相关报告：智研咨询发布的《2025-2031年中国摩托车行业市场专项调研及投资前景研究报告》 根据中国汽车工业(摩托车)产销快讯数据显示：2025年5月浙江幸福摩托机械有限公司摩托车产量为816 辆，同比下降32.56%，销量为797辆，同比下降34.83%，产销率为97.67%， ...

Harley-Davidson, Inc. (NYSE:HOG) Q2 2025 Earnings Call July 30, 2025 9:00 AM ET Company Participants Jochen Zeitz - Chairman, President & CEO Jonathan R. Root - CFO & President of Commercial Shawn Michael Collins - Director of Investor Relations Conference Call Participants Alexander Thomas Perry - BofA Securities, Research Division Craig R. Kennison - Robert W. Baird & Co. Incorporated, Research Division Jaime M. Katz - Morningstar Inc., Research Division James Lloyd Hardiman - Citigroup Inc., Research Div ...

摩托车制造商哈雷戴维森(HOG.US)盘初一度大涨超24%，最高触及28.55美元，创逾半年新高。消息面 上，哈雷戴维森第二季度营收为13.1亿美元，高于分析师预期的11亿美元。此外，公司同意将其金融服 务部门4.9%的股份出售给私募KKR和投资管理公司PIMCO，作为长期合作伙伴关系的一部分，这笔交 易将提供12.5亿美元的自由现金。该金融服务部门还将以溢价形式出售超过50亿美元的零售贷款应收账 款。公司计划利用收益来减少4.5亿美元的债务、向股东返还5亿美元，并为增长投资提供资金。(格隆 汇) ...

眼下重庆正值花椒收购季，江津区丰源花椒有限公司总经理杨天旭却喜忧参半。企业要在一个月时间内收购2500多吨鲜花椒、向农户交付收购款，今年还新 增了多个海外客户，急需资金扩大产能……"没想到银行工作人员主动找上门，用一笔400万元的专项信用贷款，解了我们的燃眉之急。"杨天旭说。 Comments of 工作人员正在直播销售丰源花椒有限公司的花椒产品。新华社记者 李晓婷 摄 这正得益于支持小微企业融资协调工作机制直达快享的优势。遍布城乡的小微企业，是经济运行的"毛细血管"，也是产业链的"神经末梢"。2024年10月，金 融监管总局、国家发展改革委牵头建立支持小微企业融资协调工作机制。工作机制在重庆落地以来，当地创新"数智扫描、链上画像、网格触达"模式，更好 为小微企业"补气输血"。 "小微企业普遍缺抵押资产，盈利和纳税都不多，按照传统贷款产品的要求，难以达到审批条件，但不代表这类企业不优质。"重庆金融监管局普惠金融处处 长陆玉说，如何打破银企信息不对称，让这类"隐形"的优质企业"显形"？数据派上了大用场。 国 服务概览 E 服务金融机构 从事农产品销售、配送的初创小微企业重庆勐马初心农产品有限公司就是被数据图谱筛 ...

Group 1: Trade Performance - Hangzhou's foreign trade maintained strong resilience with a total import and export value of 416.49 billion yuan in the first half of the year, a year-on-year increase of 7.8% [2] - Exports reached 298.03 billion yuan, growing by 12.5%, with mechanical and electrical products accounting for 144.49 billion yuan, an increase of 11.3% [2] - The number of enterprises engaged in import and export activities increased by 8.5%, with private enterprises accounting for 69.8% of the total import and export value, up by 3.2 percentage points [12] Group 2: Market Diversification - Companies are shifting focus to emerging markets, with Zhejiang Chunfeng Power Co., Ltd. exporting products worth 26 million yuan to Kazakhstan, a year-on-year increase of over 200% [6] - Hangzhou's trade with 165 countries and regions grew, with 56 partners exceeding 1 billion yuan in trade volume [6] Group 3: Technological Innovation - Companies are avoiding price competition by focusing on technological innovation, as seen with Hangzhou Sanfu Technology Co., Ltd. which has developed smart door control systems that surpass foreign counterparts [3] - High-tech product exports reached 45.28 billion yuan, growing by 10.4% in the first half of the year [5] Group 4: Cross-Border E-commerce - The cross-border e-commerce sector is thriving, with 1,586 companies in Hangzhou exceeding 20 million yuan in scale, leveraging platforms like Alibaba and Amazon [8] - Cross-border e-commerce cargo volume from Hangzhou's airport reached 68,600 tons, a year-on-year increase of 25.63%, accounting for over 60% of total export cargo volume [10] Group 5: Government Support - The Hangzhou government is building a comprehensive foreign trade service ecosystem, integrating various services to support enterprises in international trade [13] - The "1+2+N" foreign trade service model aims to enhance market expansion efforts, with over 406 outbound groups organized and 643 overseas exhibitions attended this year [13][14]

Group 1 - Harley-Davidson is in advanced negotiations with Pimco and KKR to sell a stake in its financial subsidiary and existing motorcycle loan portfolio, with a potential deal size of $5 billion [1] - The financial services subsidiary, Harley-Davidson Financial Services (HDFS), provides inventory financing for dealers and loans for consumers purchasing Harley-Davidson and LiveWire motorcycles [1] - The transaction may be announced in the coming weeks, although details and scale could change as negotiations are ongoing [1] Group 2 - Harley-Davidson is facing challenges with sluggish sales growth and intense competition from rivals like Honda and BMW, with its stock price down approximately 22% this year [2] - The CEO, Jochen Zeitz, indicated in May that the HDFS transaction is progressing, with multiple institutions expressing interest [2] - The private credit market, valued at $5.2 trillion, is expanding, with firms acquiring stakes in consumer loan issuing entities and purchasing the loans they issue [2]

Core Viewpoint - Fenghua Co., Ltd. plans to change its name to Chongqing Xinyuan Intelligent Manufacturing Technology Co., Ltd. during its upcoming shareholder meeting on July 31, 2025, following a significant change in its ownership structure and business focus [1]. Group 1: Company Ownership and Structure - Fenghua Co., Ltd. was previously controlled by the Chongqing-based Longxin Group, which underwent bankruptcy restructuring, leading to Oriental Xinyuan Group acquiring a 29.99% stake in Fenghua for 745 million yuan [1]. - After acquiring Fenghua, Oriental Xinyuan transferred 51% of its subsidiary Xinyuan Agricultural Machinery to Fenghua, diversifying its business into the agricultural machinery sector [1]. - Xinyuan Agricultural Machinery reported revenue exceeding 470 million yuan in 2023, while Fenghua's revenue was approximately 150 million yuan, indicating a significant boost from the new asset [1]. Group 2: Key Figures and Financial Performance - Oriental Xinyuan's total assets increased from 105 billion yuan in 2021 to 114 billion yuan in 2023, while its revenue fluctuated from 101 billion yuan in 2021 to 98 billion yuan in 2023 [3]. - The company's net profit showed a slight decline from 4.05 billion yuan in 2021 to 3.42 billion yuan in 2023 [3]. - As of December 31, 2023, Oriental Xinyuan reported total assets of approximately 1.14 billion yuan, total liabilities of about 741 million yuan, and equity of around 399 million yuan, with a debt-to-asset ratio of 64.99% [4]. Group 3: Market Position and Future Prospects - The SWM brand, acquired by Oriental Xinyuan, has seen declining sales, with only 7,589 units sold in 2024, ranking 91st among all brands, and further dropping to 2,780 units in 2025 [5]. - Fenghua's management acknowledges the need for significant improvements in its traditional business structure to adapt to the current market environment and is exploring various projects for industrial enhancement [5].

Meeting Overview - The shareholder meeting was held on July 25, 2025, at 14:30, with network voting available throughout the day [3][4] - The meeting was convened by the board of directors of Zhejiang Qianjiang Motorcycle Co., Ltd. and was presided over by Chairman Xu Zhihao [4][7] Attendance - A total of 275 shareholders attended the meeting, representing 258,704,556 shares, which is 49.1263% of the total voting shares [5] - Among them, 2 shareholders attended in person, representing 245,971,397 shares (46.7084%), while 273 participated via online voting, representing 12,733,159 shares (2.4179%) [5][6] Resolutions Passed - The proposal to adjust the repurchase price of restricted stock and to repurchase and cancel part of the restricted stock was approved with 99.8610% of votes in favor [9] - The proposal to reduce the company's registered capital and amend the Articles of Association was also approved with 99.7551% of votes in favor [10] Legal Opinions - The meeting was witnessed by lawyers from Shanghai Jintiancheng Law Firm, confirming that the procedures and voting results complied with relevant laws and regulations [12]

Group 1: Sales Performance and Challenges - The decline in large-displacement motorcycle sales in the first half of the year is attributed to supply chain adjustments, leading to coolant matching issues for certain models [2] - Strict quality control measures resulted in delays for some new products, preventing their launch during peak sales season [2] - Supply chain capacity issues also impacted product launches; however, these matching issues have been resolved, and new products are set to be launched starting in August [2] Group 2: Export Markets - In the first half of the year, the main export regions were Asia and Europe, with Asia accounting for approximately 40% and Europe for about 33% of total exports [2] Group 3: Incentives and Dividends - The company is considering a new round of equity incentive plans to attract and retain talent, with decisions to be made based on human resource needs [3] - The board has increased the frequency and proportion of dividends, and a mid-2025 dividend plan will be developed based on operational performance, cash flow, and shareholder returns [3] Group 4: Technology and Development - The majority of the company's engine platform technology comes from in-house research and development, along with collaborations with Benelli and other renowned brands and racing teams [3]

Core Insights - The article discusses the significance of motorcycles in Southeast Asia, highlighting their prevalence as a primary mode of transportation in urban areas [5][6][26] - It emphasizes the competitive landscape of the motorcycle market, particularly the dominance of Japanese brands like Honda and Yamaha, and the challenges faced by Chinese brands in the region [10][11][18] Market Overview - In Southeast Asia, motorcycle registration reached 236 million units in 2020, with a compound annual growth rate of 7.1% from 2008 to 2020 [6] - Motorcycles account for over 70% of total vehicle registrations in countries like Cambodia, Indonesia, Laos, and Myanmar [7] - The household penetration rate of motorcycles is extremely high, with Vietnam at 90%, Laos at 89%, and Indonesia at 85% [9] Competitive Landscape - Japanese motorcycle manufacturers have established a stronghold in the market due to their effective supply chain management and brand building strategies [12][22] - Chinese motorcycle brands initially captured 80% of the Vietnamese market in 1999 but later struggled due to price wars and lack of brand recognition [17][18][20] Transition to Electric Motorcycles - Traditional fuel motorcycles still dominate the market with a 96.8% share, but there is a growing trend towards electric motorcycles driven by climate policies [27][41] - Countries like Singapore, Indonesia, Thailand, and Vietnam are implementing various strategies to promote electric vehicles, including tax incentives and infrastructure development [29][33][38] Opportunities for Chinese Companies - The transition to electric motorcycles presents a significant opportunity for Chinese manufacturers, who have established supply chains and competitive pricing [43] - The RCEP agreement facilitates the export of electric motorcycles from China to Indonesia and Vietnam, with reduced tariffs [45] - The article suggests that the current market conditions represent a unique opportunity for Chinese electric motorcycle companies to expand in Southeast Asia [47][48]