No Data
LUYUAN GP HLDG: 2024 ANNUAL REPORT
Green Source Tianjin Exhibition releases a new Global Strategy: fully promoting the "all-scenario light travel solution"—expanding a new paradigm for two-wheeled travel through scenarization, Asia Vets, and ecological approaches.
On March 28, 2025, at the Tianjin National Convention and Exhibition Center, the leading domestic two-wheeled electric vehicle company, Green Source Group, announced its new Global Strategy. It proposed to gradually extend into the mobility service sector while maintaining its advantages in product manufacturing, and to comprehensively promote a "full-scenario light mobility solution." The release of this strategy marks Green Source's initiative to break free from strategic constraints in the era of stock competition within the Industry, exploring a new chapter in the ecological layout of two-wheeled mobility. Green Source Group's Vice President, Ni Bo, stated: "We are at a new starting point, and future competition will be a comprehensive contest of scenario coverage capability, technology penetration rate, and service ecosystem completeness." Green Source's strategic upgrade.
LUYUAN GP HLDG (2451.HK) "all-scene light mobility" Global Strategy has been elevated: a breakthrough battle in the industry that breaks the shackles of internal competition.
Recently, the landscape of China's two-wheeled electric vehicle market has changed again—Luyuan announced a brand new Global Strategy focused on "full scenario light travel" on the first day of the exhibition in Tianjin. This means that this "pioneer" who has been deeply involved in the Industry for 28 years is officially initiating a leap in brand strategy elevation. Under the complex backdrop of the Industry being caught in intense competition, the new national standards looming, and the expectations of market reshuffling intensifying, how to adapt to the new order while breaking free from competition and seeking growth, finding the next "Newland Digital Technology" has become a question that must be considered for the survival and development of Chinese two-wheeled electric vehicle brands. It seems that Luyuan already has its own answer.
【Brokerage Focus】BOCOM INTL maintains a neutral rating on LUYUAN GP HLDG (02451), indicating that revenue shows resilience, but profit levels remain relatively low.
Jinwu Financial News | BOCOM INTL's Research Reports indicate that in 2024, LUYUAN GP HLDG (02451) revenue is expected to be 5.07 billion yuan (RMB, the same below), a year-on-year decline of 0.2%, with revenue from electric bicycles/electric scooters showing a year-on-year increase of 11.7% and a decrease of 30.3% to 3.02 billion yuan and 0.71 billion yuan respectively. The net income attributable to the parent company is expected to decrease by 19.8% year-on-year to 0.117 billion yuan. The gross margin/net income margin is 13.1%/2.3%. Considering that LUYUAN is actively expanding its channels and laying out high-end products, the bank anticipates that the company will still require significant marketing and R&D investment to maintain competitive advantages, and has downgraded the forecast for 2025.
Fangzheng Securities: Innovation drives price growth, enhancing profitability in the leading segment of the electric two-wheeler Industry.
At the end of 2024, due to the response to 3C certification, the inventory levels of various brands in the channels dropped to a low point, and restocking occurred after the Spring Festival in the first quarter of 2025.
LUYUAN GP HLDG (02451): Ding Xiao has been appointed as joint company secretary.
LUYUAN GP HLDG (02451) announced that Mr. Ding Xiao has been appointed as the joint company secretary to succeed Chen Guosheng...
