Accell Group’s insolvency has pushed the historic Raleigh brand into uncertainty and put a fresh spotlight on how much power Chinese bicycle manufacturers now hold in the global market. When a big European group stumbles, capital often starts searching for firms on the other side of that pressure. This article explores three Chinese bicycle stocks exposed to this news, and how their profiles might matter for your watchlist today.
The three Chinese bicycle stocks highlighted in this article are only a starting sample, and the full screen on Simply Wall St surfaced 5 more companies with equally compelling narratives that are not covered here.
To identify and analyze the highest conviction opportunities in this space, head straight into the Chinese Bicycle Manufacturers screener.
Shuhua Sports (SHSE:605299)
Shuhua Sports is a China based fitness equipment company that designs, makes, and sells everything from commercial gym machines to home treadmills, bicycles, rowing machines, and outdoor fitness trails, as well as running its own gyms and a fitness app. It also provides corporate health management services and coaching, and exports its products internationally. The company is valued at about CN¥5 billion, which puts it in the mid cap bracket on the Shanghai market.
Shuhua Sports sits squarely in the path of the pressure that helped push Accell into insolvency, but from the opposite side. It has a significant presence in pedal powered equipment, and exposure to both commercial and home fitness. Analysts expect strong earnings and revenue growth, even though its P/E around 48x already prices in a lot of optimism. Profit margins are improving and earnings are considered high quality, yet funding relies entirely on higher risk external borrowings and the dividend track record is patchy. If you are looking for a way to get exposure to Chinese capabilities in bikes and fitness equipment while European rivals reset, this is a business that may warrant closer research to assess how it could fit into a diversified portfolio.
Shuhua Sports is pricing in optimism with a 48x P/E and improving margins, yet its growth story and funding mix are not fully understood. Get the full picture in the 2 key rewards and 1 important warning sign
Build your own high growth fitness and cycling shortlist
Shuhua Sports and the two other Chinese bicycle stocks in this article all came from a single screener, but the real value for you is in tailoring the filters. Use our flexible Screener to mix growth, valuation, balance sheet and risk checks, or tap into any of our curated Investing Ideas for ready made starting points.
Zhejiang Cfmoto PowerLtd (SHSE:603129)
Zhejiang Cfmoto PowerLtd is a long established Chinese manufacturer of motorcycles, all terrain vehicles, new energy two wheelers and their core components, selling machines, engines, parts, apparel and accessories across Asia, North America, Europe and other regions. The company, founded in 1989 and based in Hangzhou, now carries a market value of roughly CN¥45.2b, which puts it firmly in large cap territory on the Shanghai market.
Zhejiang Cfmoto PowerLtd stands out in this screener because it sits at the point where Chinese manufacturing strength meets global brand building. Earnings growth has been strong over several years and returns on equity are already high. Analysts expect solid growth to continue even as European rivals such as Accell face insolvency pressure. The trade off is a heavier reliance on external borrowing and some governance gaps, including limited board independence, that raise the overall risk profile. For investors who want direct exposure to Chinese powered two wheelers and off road vehicles as international competitors reset, this combination of quality signals and financing risk makes CFMoto a stock worth understanding properly before making any portfolio moves.
Zhejiang Cfmoto PowerLtd combines long-term earnings strength with global reach, yet many investors still treat it as a niche bike and ATV producer. Get the full story in the analysis report for Zhejiang Cfmoto PowerLtd
Toread Holdings Group (SZSE:300005)
Toread Holdings Group is a Beijing based outdoor gear company that sells jackets, footwear, camping equipment and kids ranges under its TOREAD brands, and it also runs a smaller semiconductor segment focused on miniLED and microLED driver chips. The company is valued at about CN¥9.2b, which puts it in mid cap territory on the Shenzhen market.
Investors looking at the Chinese Bicycle Manufacturers screener may want to keep Toread Holdings Group on the radar because it sits at the crossroads of outdoor lifestyle demand and higher tech chip products, just as European rivals such as Accell face insolvency pressure and potential supply gaps. Forecast earnings and revenue growth are strong, profitability is improving and governance looks solid. Yet the stock trades on a very rich P/E, shows sharp price swings and relies entirely on higher risk external borrowings. With a recent CN¥33.5m non recurring loss and an upcoming earnings release on 29 August 2026, there is a lot baked into expectations that careful investors will want to unpack before deciding how it could fit alongside other cycling and outdoor exposure.
Toread Holdings Group combines outdoor gear and miniLED chips, featuring a relatively high P/E and sharp price swings, which many investors may still be underestimating. Get the full context in the 2 key rewards and 2 important warning signs (1 is major!)
Seeking Fresh Alternatives Before Others Catch On
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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