QJIANG(SZ:000913)2025-02-28 10:28Group 1: Company Performance and Sales - In 2024, the company expects a growth of approximately 37.92% to 53.01%, with an estimated sales volume of 440,000 units, including 210,000 units for domestic sales and 230,000 units for exports [2] - In January 2025, the company sold 37,800 units, a year-on-year increase of 0.3%, with 10,600 units of over 250cc models sold, reflecting an 11.3% growth [2] - Domestic sales reached 20,500 units, a 60% increase year-on-year, while exports were 17,400 units, a decline of 30.4% [3] Group 2: Market Strategy and Outlook - The company aims to expand in key overseas markets such as Europe and South America, focusing on establishing strong dealer channels and enhancing brand recognition through events and media [3] - The company plans to launch several new products in 2025, incorporating advanced technologies like AMT and smart dashboards to maintain product leadership [4] Group 3: Competitive Landscape and Challenges - Domestic brands have improved significantly in engine performance and manufacturing quality, leading to increased competitiveness against foreign brands [3] - The company faces potential price competition in the domestic high-displacement motorcycle market in 2025, which may pressure product margins [5] - The company has established over 60 overseas agents, typically employing 1-2 agents per country, to support brand promotion and technical assistance [5]