Core Viewpoint - Longxin General's Q4 performance is expected to be under short-term pressure, but the growth of its own brand is strong [1] Group 1: Financial Performance - The company anticipates achieving a net profit attributable to shareholders of 165 million to 180 million yuan in 2025, representing a year-on-year growth of 47.15% to 60.53% [1] - Q4 performance is impacted by one-time losses from asset disposals and impairment provisions [1] - The main business shows steady growth, and profitability is steadily improving [1] Group 2: Business Strategy - The company emphasizes the development of its own brand and is building a differentiated product portfolio [1] - The overall performance growth is driven by the stable growth of the motorcycle and general machinery main businesses, along with continuous optimization of the Wujie product series [1] - The company is rated as a "buy" [1]

Core Viewpoint - Longxin General's Q4 performance is under short-term pressure, but the growth of its own brand is strong [1] Financial Performance - The company expects to achieve a net profit attributable to shareholders of 165 million to 180 million yuan in 2025, representing a year-on-year growth of 47.15% to 60.53% [1] - Q4 performance is impacted by one-time losses from asset disposals and impairment provisions [1] - The main business shows steady growth, and profitability is steadily improving [1] Business Strategy - The company emphasizes the development of its own brand and constructs a differentiated product portfolio [1] - The overall performance growth is driven by the stable growth of the motorcycle and general machinery main businesses, as well as the continuous optimization of the Wujie series product structure [1] Investment Rating - The company is given a "buy" rating [1]

Core Viewpoint - Longxin General is expected to achieve significant growth in 2025, with a new phase for the Wujie brand starting in 2026, driven by steady growth in its motorcycle and general machinery sectors, as well as continuous optimization of the Wujie product structure [1] Group 1 - The company is experiencing robust growth in overall performance due to the scale of its main businesses in motorcycles and general machinery [1] - The implementation of the employee stock ownership plan has enhanced the stability of the core team [1] - The global expansion of the medium and large displacement motorcycle segment is primarily driven by the Wujie brand [1] Group 2 - The company is leveraging multi-business collaboration to drive growth, with dual expansion in both product and channel for the Wujie brand [1] - The resonance of volume and profit is accelerating growth [1] - The rating is maintained at "Recommended" [1]

Core Viewpoint - Longxin General (603766.SH) expects a net profit attributable to shareholders of the parent company to be between 1.65 billion and 1.8 billion yuan in 2025, representing a year-on-year increase of 47.15% to 60.53% [1] Financial Performance - The company anticipates a significant increase in net profit for 2025, driven by steady growth in its motorcycle and general machinery sectors, as well as ongoing optimization of the product structure in the Wujie series [1] - Despite the overall positive outlook, the fourth quarter performance is expected to be below expectations due to losses from the disposal of equity in Zunyi Jinye Machinery Casting Co., Ltd., C.M.D Costruzioni Motori Diesel S.p.A., and Zhuhai Longhua Helicopter Technology Co., Ltd., along with one-time expenses related to upgrades of exhibition halls and office environments, and foreign exchange losses [1] Operational Factors - The company will incur losses in the fourth quarter due to multiple factors, including impairment provisions for loans and receivables related to Zhuhai Longhua, as well as the aforementioned disposals and upgrade costs [1] - The overall performance for the year is expected to show growth, attributed to the robust scale of the main business and continuous improvement in comprehensive profitability [1]

Core Viewpoint - Longxin General (603766) expects a net profit attributable to shareholders of the parent company for the year 2025 to be between 1.65 billion to 1.8 billion yuan, representing a year-on-year increase of 47.15% to 60.53% [1] Group 1 - The company's motorcycle and general machinery main businesses are experiencing steady growth [1] - The optimization of the product structure in the Wujie series is contributing to the steady improvement of overall profitability [1] - The company is projected to achieve overall performance growth year-on-year [1]

Core Viewpoint - Longxin General (603766) expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 1.52 billion to 1.62 billion yuan, representing a year-on-year growth of 69.13% to 80.26% [1] Group 1 - The primary reason for the profit increase is attributed to the growth in the motorcycle and general machinery businesses [1] - Continuous optimization of the product structure in the Wujie series also contributes to the performance improvement [1]

Core Viewpoint - Longxin General (603766.SH) expects a significant increase in net profit attributable to shareholders, projecting between 1.52 billion to 1.62 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 69.13% to 80.26% [1] Group 1 - The company's motorcycle and general machinery businesses are experiencing growth in scale [1] - The optimization of the product structure in the Wujie series is contributing to the overall performance increase [1]

Core Viewpoint - Longxin General (603766.SH) expects significant growth in net profit for the first three quarters of 2025, driven by the expansion of its motorcycle and general machinery businesses, as well as the optimization of its product structure [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 1.52 billion and 1.62 billion yuan, representing a year-on-year increase of 69.13% to 80.26% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 1.48 billion and 1.58 billion yuan, reflecting a year-on-year increase of 75.65% to 87.52% [1] Business Growth Drivers - The growth in overall performance is attributed to the scale increase in the motorcycle and general machinery sectors, along with continuous optimization of the Wujie series product structure [1]

Core Viewpoint - Longxin General expects a net profit attributable to the parent company of 1.52 billion to 1.62 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 69.13% to 80.26% [1] Group 1 - The growth in motorcycle and general machinery businesses is driving the overall performance increase [1] - The optimization of the product structure in the Wujie series is contributing to the growth [1]