In terms of the whole industry, the sales of medium and large displacement two wheeled motorcycles continued to rise:
From January to April, 150 ＜ displacement ≤ 250cc, 407000 vehicles were sold, yoy-4%; With displacement 250cc, 115000 vehicles have been sold in total, yoy + 41%.
In a single month in April, 109000 vehicles with 150 ＜ displacement ≤ 250cc were sold, yoy-6%; Displacement 250cc, sales of 38000 vehicles, yoy + 26%.
\u3000\u3 Shengda Resources Co.Ltd(000603) 129
From January to April, the company sold 38000110cc + two wheeled vehicles, yoy + 14%, of which 14000 were sold with 150 ＜ displacement ≤ 250cc, yoy-30%; Displacement 250cc, sales of 15800 vehicles, yoy + 117%.
In a single month in April, the company sold 8200110cc + two wheeled vehicles, yoy-23%, of which 3887 were sold with 150 ＜ displacement ≤ 250cc, yoy-46%; 2162 vehicles with displacement 250cc are sold, yoy + 14%.
The sales volume of the company’s four wheeled vehicles continued to grow rapidly: from January to April, the company sold 49500 vehicles, yoy + 14%; In April, 11100 four wheeled vehicles were sold in a single month, yoy-11%.
\u3000\u30 China Baoan Group Co.Ltd(000009) 13
From January to April, the company sold 104000110cc + two wheeled vehicles, yoy + 11%; Among them, 17000 vehicles with 150 ＜ displacement ≤ 250cc are sold, yoy-7%; Displacement 250cc, sales of 31000 vehicles, yoy + 37%.
In April, the company sold 29000110cc + two wheeled vehicles, yoy + 18%; Among them, 4515 vehicles with 150 ＜ displacement ≤ 250cc are sold, yoy + 7%; With displacement 250cc, 12100 vehicles are sold, yoy + 31%.
Risk tip: the growth rate of medium and large displacement motorcycles is lower than expected; The impact of the policy of banning and restricting motorcycles; The demand for four wheeled vehicles declined; The epidemic affects China’s supply chain
