LONCIN(603766)2024-11-18 08:43Financial Performance - Company achieved revenue of 12.218 billion yuan in the first three quarters of 2024, a year-on-year increase of 30.48% [5] - Net profit attributable to the parent company was 899 million yuan, a year-on-year increase of 13.65% [5] - Non-GAAP net profit was 843 million yuan, a year-on-year increase of 19.44% [5] - Motorcycle business revenue reached 9.324 billion yuan, a year-on-year increase of 39.44% [6] - VOGE series products achieved revenue of 2.431 billion yuan, a year-on-year increase of 127.60% [6] - General machinery business revenue was 2.374 billion yuan, a year-on-year increase of 12.10% [6] - Non-European and American markets achieved revenue of 819 million yuan, a year-on-year increase of 33.65% [6] Market Strategy and Product Development - Company showcased 33 two-wheeled and four-wheeled models at the Milan Motorcycle Show, gaining significant attention [3] - Plans to launch new products tailored for the European market in 2025 [3] - Focus on technological and product quality competition rather than price wars [3] - VOGE series products, including SR250GT, SR4MAX, CU250, CU525, and DS525X, are popular among consumers [4] - Company is accelerating the layout of UTV and SSV products across all displacement segments [5] European Market Expansion - European market is a key focus for the company, with DS525X and 900DS models performing well [3] - Company aims to further enhance brand awareness and influence in Europe through targeted marketing and channel optimization [4] All-Terrain Vehicle (ATV) Business - ATV business is a strategic focus, with a full range of products from 200cc to 1000cc [5] - New products like the Mud ATV1000 and electric ATV were well-received at the Milan Motorcycle Show [5] Risk Management and Future Plans - Company is closely monitoring potential U.S. tariffs and trade policies, with current U.S. business accounting for 30% of general machinery revenue [6] - No plans for large-scale asset impairment provisions in 2024, with a 14 million yuan impairment provision made in the first half of the year [7] - Company is confident in achieving the 14 billion yuan revenue target for 2024 [5] Corporate Governance - The restructuring of the controlling shareholder is still under antitrust review [7] - No plans for private equity investments or related activities by Youxun Investment Company [7]