外销增、内销减，上半年收官维持增长

9.650.551.28 请阅读最后一页的重要声明！投资评级:看好(首次)最近12月市场表现分析师佘炜超SAC证书编号：S0160522080002shewc@ctsec.com分析师孟欣SAC证书编号：S0160523090002mengxin@ctsec.com分析师谢铭SAC证书编号：S0160523010001xieming@ctsec.com相关报告表1：重点公司投资评级:代码公司总市值（亿元）603129春风动力317.37603766隆鑫通用258.75000913钱江摩托84.94-10%6%23%39%55%72%摩托车及其他沪深300上证指数 （07.22） 谨请参阅尾页重要声明及财通证券股票和行业评级标准1全行业.......................................................................................................................................................41.1单月......................................................................................................................................................41.2累积量..................................................................................................................................................42春风动力...................................................................................................................................................52.1销售情况..............................................................................................................................................52.2点评......................................................................................................................................................63隆鑫通用...................................................................................................................................................63.1销售情况..............................................................................................................................................63.2点评......................................................................................................................................................74钱江摩托...................................................................................................................................................74.1销售情况..............................................................................................................................................74.2点评......................................................................................................................................................85风险提示...................................................................................................................................................9图1.燃油二轮摩托车总销量（万辆）.........................................................................................................4图2.燃油二轮摩托车外销销量（万辆）.....................................................................................................4图3.燃油二轮摩托车内销销量（万辆）.....................................................................................................4图4. 250cc+摩托总销量（万辆）..................................................................................................................4图5. 250cc+摩托出口销量（万辆）..............................................................................................................5图6. 250cc+摩托内销销量（万辆）..............................................................................................................5图7.春风燃油摩托销量（万辆）.................................................................................................................5图8.春风燃油摩托出口销量（万辆）.........................................................................................................5图9.春风燃油摩托内销销量（万辆）.........................................................................................................6图10.春风电动摩托总销量（万辆）...........................................................................................................6图11.春风全地形车国内工厂出货（万辆）...............................................................................................6图12.隆鑫两轮车总销量（万辆）...............................................................................................................7图13.隆鑫两轮车出口销量（万辆）...........................................................................................................7图14.隆鑫两轮车内销销量（万辆）...........................................................................................................7内容目录图表目录 2 谨请参阅尾页重要声明及财通证券股票和行业评级标准3图15.隆鑫通用全地形车销量（辆）...........................................................................................................7图16.钱江两轮车总销量（万辆）...............................................................................................................8图17.钱江两轮车出口销量（万辆）...........................................................................................................8图18.钱江两轮车内销销量（万辆）...........................................................................................................8 谨请参阅尾页重要声明及财通证券股票和行业评级标准1全行业1.1单月6月摩托车海内外总销量149.53万辆，同比+8%；出口111.51万辆，同比+18%；内销38.02万辆，同比-13%；250cc以上销量10.3万辆，同比+14%；出口5.71万辆，同比+60%；内销4.59万辆，同比-16%。1.2累积量1-6月全行业累计同比+15%，出口累计+26%，内销累计同比-7%，外销保持良好增速趋势。250cc+大排量内销累计同比+19%，出口累计同比+70%，延续高增。图1.燃油二轮摩托车总销量（万辆）数据来源：中国摩托车商会，财通证券研究所图3.燃油二轮摩托车内销销量（万辆）数据来源：中国摩托车商会，财通证券研究所1月2月3月4月5月6月7月8月9月10月11月12月2024年2025年1月2月3月4月5月6月7月8月9月10月11月12月2024年2025年 4