The Zhitong Finance App learned that Luyuan Group Holdings (02451) fell more than 4% in early trading. As of press release, it decreased by 3.59% to HK$13.43, with a turnover of HK$19.5927 million.

According to news, according to data from Aowei Cloud Network, in the first three quarters of 2026, domestic sales of electric two-wheelers were 48.378 million units, down 4.8% from the previous year. Among them, domestic sales in the first half of the year were 28.252 million vehicles, down 12.6% year on year. In the third quarter, with the support of the Summer+ Mid-Autumn Festival school season, sales increased 9% year on year, showing signs of recovery.

Cathay Pacific Haitong Securities said that in the short term, the 3C certification reprocessing and certification changes will suppress terminal sales to a certain extent, while the fourth quarter itself is an off-season for the industry, which is expected to have limited impact. In the medium to long term, the competitive advantage of leading brands is expanding against the backdrop of continuing stricter regulatory policies, and the concentrated pattern is expected to continue to be realized.

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