Group 1 - The core viewpoint of the article highlights the growth in motorcycle production and sales in Taizhou, specifically at Taizhou Jiaojiang Zhiwei Motorcycle Manufacturing Co., which saw a production increase of 31.52% and sales increase of 31.92% in August 2025 [1][1][1] Group 2 - The article mentions several listed companies in the motorcycle industry, including Qianjiang Motorcycle, Xinlong Health, Zhenghe Industrial, and others, indicating a broad market presence [1][1][1] - A report by Zhiyan Consulting titled "2026-2032 China Motorcycle Industry Market Panorama Assessment and Development Strategy Analysis" is referenced, suggesting ongoing research and analysis in the sector [1][1][1] - The production and sales rate for Taizhou Jiaojiang Zhiwei Motorcycle Manufacturing Co. reached 100.37%, with a slight inventory clearance of 15 units, reflecting efficient operations [1][1][1]

Group 1 - The core viewpoint of the article highlights the significant growth in motorcycle production and sales in China, particularly focusing on the performance of New Dazhou Honda Motorcycle (Suzhou) Co., Ltd. in August 2025, which saw a production increase of 59.17% and sales growth of 51.81% [1][1][1] Group 2 - The article lists several publicly listed companies in the motorcycle industry, including Qianjiang Motorcycle, Xinlong Health, Zhenghe Industrial, and others, indicating a diverse market landscape [1][1][1] - It references a report by Zhiyan Consulting titled "2026-2032 China Motorcycle Industry Market Panorama Assessment and Development Strategy Analysis Report," suggesting ongoing research and analysis in the sector [1][1][1] - The production and sales data for New Dazhou Honda Motorcycle indicates a production volume of 114,991 units and sales volume of 98,673 units, with a production-sales ratio of 85.81% and an inventory backlog of 16,318 units [1][1][1]

数据来源：中国汽车工业(摩托车)产销快讯，智研咨询整理 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。 根据中国汽车工业(摩托车)产销快讯数据显示：2025年8月山东巴士新能源车业有限公司摩托车产量为 23349辆，同比增长7.45%，销量为23008辆，同比增长11.9%，产销率为98.54%，积压341辆。 近一年山东巴士新能源车业有限公司摩托车产销情况统计图 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 ...

Core Viewpoint - The company is expected to achieve significant growth in net profit and operating income in the first three quarters of 2025, driven by strong performance in various business segments and the expansion of the Wujie brand [2][3][6]. Financial Performance - The company forecasts a net profit attributable to shareholders of 1.52 to 1.62 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 69.1% to 80.3% [2]. - The expected non-net profit is projected to be between 1.48 to 1.58 billion yuan, with a year-on-year growth of 75.7% to 87.5% [2]. - For Q3 2025, the net profit is estimated at 500 million yuan, a year-on-year increase of 60.5% but a quarter-on-quarter decrease of 12.5% [3]. Business Growth Drivers - The growth is primarily driven by the Wujie brand, which saw a 22.1% increase in sales of large-displacement motorcycles (over 250cc) in July and August, totaling 28,000 units [3]. - The all-terrain vehicle segment also contributed positively, with sales of 6,000 units in the same period, marking a 40.7% increase [3]. - The three-wheeler and general machinery businesses are also experiencing growth, alongside continuous optimization of the Wujie product lineup [3]. Brand and Market Expansion - The Wujie brand achieved a revenue of 1.98 billion yuan in the first half of 2025, reflecting a year-on-year growth of 30.2%, with exports accounting for 1.19 billion yuan, a significant increase of 83.3% [4]. - The number of domestic sales outlets for the Wujie brand reached 1,053, while overseas outlets totaled 1,292, with a notable increase in Europe [4]. - The brand's visibility in overseas markets has improved, with a total exposure of 9.27 million times, up 70.85% year-on-year [4]. Global Market Performance - Sales of large-displacement motorcycles for the Wujie brand reached 108,000 units in 2024 and 68,000 units in the first half of 2025, with year-on-year increases of 43.1% and 32.8%, respectively [5]. - Export sales for these motorcycles were 51,000 units in 2024 and 48,000 units in the first half of 2025, showing increases of 24.8% and 69.4% [5]. - The Wujie brand has made significant inroads in the European market, with sales in Spain reaching 12,000 units, a year-on-year increase of 83.9%, and in Italy, sales increased by 69.4% [5]. Future Projections - The company anticipates revenues of 20.16 billion yuan in 2025, 23.41 billion yuan in 2026, and 27.05 billion yuan in 2027, with corresponding net profits of 1.98 billion yuan, 2.32 billion yuan, and 2.71 billion yuan [6][8]. - The earnings per share (EPS) are projected to be 0.96 yuan in 2025, 1.13 yuan in 2026, and 1.32 yuan in 2027, with price-to-earnings (PE) ratios of 14, 12, and 11, respectively [6][8].

近日，重庆远钛机车工业有限公司有关负责人对中新网记者表示，公司九成以上订单来自欧洲、美洲、 东南亚、中东等海外市场，机车玩家是其主要客群。 中新网重庆10月17日电 (张旭)重庆海关17日发布消息称，2025年前三季度，摩托车出口198.6亿元人民 币，同比增长37.9%。 该负责人称，得益于行业发展，企业订单量逐年增长。其近期在重庆北碚新落成的生产基地，产能较此 前扩大了四倍。 重庆素有"摩托之都"之称，高端摩托车亦是当地官方全力打造的千亿级特色优势产业集群之一。 重庆宗申机车工业制造有限公司负责人介绍，公司在摩托车设计环节，增强与不同海外市场的气候、地 理适配性，提升产品的全球竞争力。例如，针对非洲、中东高温干旱特点，强化摩托车的散热系统；针 对东南亚、南美的湿热多雨气候，强化防水防锈体系；针对北欧等高寒山地市场，强化低温启动技术、 高原动力补偿、防冻防滑配置。(完)【编辑:曹子健】 ...

Core Viewpoint - Longxin General is expected to achieve a net profit attributable to shareholders of 1.52-1.62 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 69.1%-80.3% [1] Financial Performance - The net profit for Q3 2025 is projected to be around 500 million yuan, reflecting a year-on-year increase of 60.5% but a quarter-on-quarter decrease of 12.5% [1] Business Growth Drivers - The significant growth in performance is driven by the synergy of multiple business lines, with the Wujie brand rapidly growing through both product and channel expansion [1] - The company is actively advancing its strategic layout in the Central and South American and Southeast Asian markets, with overseas search exposure reaching 9.27 million times, a year-on-year increase of 70.85% [1] Brand Development - The global expansion of the mid-to-large displacement motorcycle segment is a key contributor to the Wujie brand, with dual expansion in both product and channel driving accelerated growth [1] Investment Rating - The company maintains a "recommended" rating based on its growth prospects and market strategies [1]

Core Insights - The 138th China Import and Export Fair (Canton Fair) has seen a significant shift towards professional buyers, indicating a higher probability of transactions in the motorcycle sector [1] - China's motorcycle exports have surged, with a total of 12.05 million units exported from January to August 2025, marking a 30.38% increase year-on-year, and export value reaching $7.533 billion, up 34.63% [1] - The demand for electric motorcycles is on the rise, with over 50% of exhibitors showcasing electric models at the fair, reflecting a clear trend towards electrification in the industry [3] Export Growth - In the first eight months of 2025, Latin America was the largest market for motorcycle exports from China, with 4.3761 million units exported, a year-on-year increase of 17.72%, and an export value of $2.656 billion, up 26.33% [1] - Africa showed the highest growth rate in exports, with 3.8126 million units exported, a 72.26% increase, and an export value of $2.015 billion, up 76.86% [1] Electric Motorcycle Trends - The fair highlighted a significant increase in electric motorcycle offerings, with many companies introducing advanced technologies such as range-extended electric models and battery-swapping systems [3] - The export value of electric motorcycles and bicycles from China is projected to exceed 40 billion yuan in 2024, driven by manufacturers' understanding of overseas market demands [4] Market Dynamics - The competitive landscape includes established Japanese brands like Honda and Suzuki, as well as Indian brands like TVS and Hero, which are also vying for market share in the electric motorcycle segment [4] - Emerging markets in Africa and the Middle East are increasingly adopting favorable policies for electric motorcycles, creating new opportunities for Chinese manufacturers [4] Diverse Usage Scenarios - The application of motorcycles is diversifying beyond personal use, with logistics companies purchasing two-wheelers for delivery and hotels acquiring three-wheelers or golf carts for various services [5] Tariff Implications - Mexico remains the largest market for Chinese motorcycle exports, despite potential tariff increases on imports from non-trade agreement countries [7] - The company has successfully adjusted its strategy in response to tariffs, focusing on markets in the Middle East and South America, which are showing increased demand [7] Customer Preferences - High-end electric golf carts are being marketed to Middle Eastern customers, who prioritize luxury features over cost, indicating a shift in consumer behavior [8] - The company emphasizes the need to move away from traditional price competition, focusing instead on value-added features to maintain profitability in international markets [8]

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]

Core Viewpoint - The company has established partnerships with various automotive and motorcycle clients, indicating a strong market presence and growth potential in both domestic and international markets [1] Group 1: Partnerships and Clientele - The company has formed collaborations with Chery, Geely, Leap Motor, Qianjiang Motorcycle, and Chunfeng Power, showcasing its engagement with key players in the automotive and motorcycle sectors [1] - The company is actively participating in overseas competition, with an expected overseas revenue share of 16.07% for the fiscal year 2024 [1] Group 2: Technological Focus - The company is deeply involved in two main areas: electronic control and precision die-casting [1] - In the electronic control sector, the company has significant technological accumulation in ECU, actuators, and sensors, which positions it well for potential technological expansion in execution and precision control [1] - In precision die-casting, the company focuses on lightweight product manufacturing and has the foundation to adapt products based on downstream demand [1]

近一年宁波市龙嘉摩托车有限公司摩托车产销情况统计图 数据来源：中国汽车工业(摩托车)产销快讯，智研咨询整理 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。 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《2026-2032年中国摩托车行业市场全景评估及发展策略分析报告》 根据中国汽车工业(摩托车)产销快讯数据显示：2025年8月宁波市龙嘉摩托车有限公司摩托车产量为 5956辆，同比增长49.76%，销量为 ...