Loncin General H1 2026 Revenue Up 0.24%, Profit Down 7.73%; Own-Brand Motorcycle Share Record

Loncin General disclosed its 2026 interim report on 21 August 2026. In the first half, the company posted operating revenue of RMB 9.775 billion, up 0.24% year on year; net profit attributable to shareholders stood at RMB 991 million, down 7.73%. Revenue from own-brand motorcycles reached RMB 3.526 billion, up 28.75% year on year, accounting for 36.07% of total revenue, an increase of 7.99 percentage points from the same period last year, setting a record high.

During the reporting period, the motorcycle business (including engines) recorded sales revenue of RMB 7.762 billion, up 6.72% year on year, of which own-brand motorcycle revenue was RMB 3.526 billion. Revenue from OEM-badged pathway bikes fell 26.97% year on year due to a decline in customer order volumes. The overall gross margin rose 0.54 percentage points to 19.48%, reflecting a shift in product mix.

As the core of the own-brand strategy, the VOGE brand achieved sales revenue of RMB 2.369 billion in the first half, up 19.68% year on year. Domestic revenue was RMB 954 million, up 20.86%; export revenue was RMB 1.415 billion, up 18.9%. In the European markets of Italy, Spain, France, Germany and the UK, VOGE's combined market share reached 5.79%. In Latin America, its sales grew nearly 40% year on year, with Colombia up 470% and Brazil achieving a sales breakthrough.

The company launched the KSL400, China's first integrated-wheel twin-cylinder scooter engine, and the KS150V engine with VVA variable valve timing; both are in mass production. Own-brand motorcycle engines generated sales revenue of RMB 1.505 billion, up 32.15% year on year, with sales of two-wheeler engines above 250cc up 97.13% year on year. The all-terrain vehicle business posted revenue of RMB 572 million, up 109.39% year on year, with a cumulative 531 overseas sales points, including 389 in Europe. The three-wheeler business achieved revenue of RMB 1.023 billion, up 16.43% year on year, of which export revenue was RMB 665 million, up 35.96%.