Companies that build motorcycles and scooters — everyday commuter bikes and big brands like Harley-Davidson and Honda.
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Niu Technologies Q3 2026 Sales Volume Rises 15.4% to 537,457 Units
Niu Technologies delivered 537,457 units in the third quarter of 2026, a 15.4% increase from 465,873 units in the prior-year period. The quarter lifted year-to-date sales volume to 1.23M units, up from 1.02M units in the first nine months of 2025 across its lineup of e-motorcycles, e-mopeds, e-bicycles, e-bikes, and kick-scooters. Domestic sales in China expanded 9% year-over-year to 490.41K units in the third quarter compared to 451.46K units in 3Q 2025, bringing year-to-date domestic volume to 1.14M units, with the N, M, and F series remaining top sellers across the region. International markets were the standout growth driver, with unit sales surging over 226% year-over-year to 47.05K units from 14.42K units in 3Q 2025, bringing year-to-date international volume to 93.22K units. The company also said its NIU AIOS platform received the Red Dot Award for its AI features and user experience, and it plans to continue embedding these connected technologies across future product lines.
Harley-Davidson Q2 Revenue Falls 5.9% to $1.23 Billion, Beats Estimates
Harley-Davidson reported second-quarter revenues of $1.23 billion, down 5.9% year on year but exceeding analysts' expectations by 5.4%, as the 12 consumer discretionary leisure products stocks tracked by the publisher beat consensus revenue estimates by 9.1% as a group. The motorcycle maker also beat analysts' EPS estimates, though it delivered the slowest revenue growth in the group, and its stock is down 9.9% since reporting, trading at $24.88. Among peers, Smith & Wesson posted the best quarter with revenues of $112.6 million, up 32.3% year on year and 14.1% above expectations, sending its stock up 14.6% to $14.06. Brunswick reported revenues of $1.56 billion, up 7.7% and 2.4% above estimates, but delivered the weakest guidance update among its peers, with its stock down 17.8% at $66.16. Clarus reported revenues of $56.16 million, up 1.6% and 7.9% above expectations, with its stock up 3.9% at $3.50, while Malibu Boats reported revenues of $295.5 million, up 42.7% and 12% above expectations, though its stock is down 13.1% at $23.14.
Massimo Group to Unveil Warrior 1500 UTV at Equip Exposition and SEMA Show
Massimo Group, a manufacturer of powersports vehicles, announced plans to showcase its new Warrior 1500 UTV at Equip Exposition 2026 in Louisville and the 2026 SEMA Show in Las Vegas. The Warrior 1500 is built on a new 1,499cc inline four-cylinder platform, marking the company's entry into the higher-displacement UTV category. This platform is designed as a scalable architecture to support future vehicles across recreational, commercial, fleet, and government markets. Massimo also expects the upcoming Sentinel 1500 HVAC Crew UTV to use the same platform, targeting customers needing enclosed-cab comfort with heating and air conditioning. The company believes this strategy will improve development efficiency and accelerate product introductions, with additional specifications and pricing to be announced as launches progress.
MAMO · Technology · Positive Massimo unveils new Warrior 1500 UTV on a scalable 1,499cc platform, expanding into higher-displacement UTVs and future models
Qianjiang Motorcycle 2026 Interim Report: Net Profit Falls 62.43% Year-on-Year, Export Growth Fails to Offset Weak Domestic Demand
Qianjiang Motorcycle released its 2026 interim report on August 27, showing declines in both revenue and profit for the reporting period, with net profit attributable to the parent company plunging 62.43% year-on-year. The financial report shows the company achieved operating revenue of 2.726 billion yuan, down 11.30% year-on-year; net profit attributable to the parent company was 101 million yuan, down 62.43% year-on-year; and non-GAAP net profit was 53 million yuan, down 77.23% year-on-year. Among these, revenue from the complete vehicle sales segment was 2.522 billion yuan, accounting for 92.52% of total revenue, down 12.98% year-on-year. Domestic sales revenue was 827 million yuan, a sharp decline of 50.01% year-on-year, while overseas sales revenue was 1.899 billion yuan, up 33.86% year-on-year, with its share rising to 69.65%. The decline in performance was mainly affected by intensified competition in the domestic large-displacement motorcycle market, weak domestic demand, and increased exchange losses caused by RMB appreciation. Financial expenses turned from a negative 83 million yuan in the same period last year to 33.4469 million yuan. In addition, some overseas subsidiaries such as Benelli Q.J. SRL incurred losses due to reduced sales volumes and exchange rate factors, dragging down overall performance.
000913.CS · Capital · Negative Net profit plunged 62.43% YoY and revenue fell 11.30% in the 2026 interim report.
000913.CS · Competition · Negative Intensified competition in the domestic large-displacement motorcycle market contributed to the performance decline.
000913.CS · Monetary · Negative RMB appreciation caused increased exchange losses, turning financial expenses from -83 million to +33.4 million yuan.
Benelli Q.J. S.r.l. · Capital · Negative Benelli Q.J. SRL incurred losses due to reduced sales volumes and exchange rate factors, dragging down overall performance.
Yamaha Motor Analyzes Marine Business's High Profit Margin and Stock Surge
Yamaha Motor has a structure where its marine business, which accounts for only 20% of sales, boasts a higher profit margin than its main land mobility business. In August 2026, the stock price rose over 30% in one month. In fiscal year ending December 2025, total revenue was 2.5342 trillion yen, with the marine business contributing 527.6 billion yen (20.8% of total), but its operating margin was 10.2%, surpassing the land mobility business's 6.7%. On the other hand, the outdoor land vehicle business posted an operating loss of 39.8 billion yen on sales of 148.5 billion yen, dragging down consolidated profits. The stock price rose from 1,333 yen on August 3, 2026, to 1,973 yen on August 24, and closed at 1,907 yen on August 27. The latest P/E ratio is 10.88 times, and P/B ratio is 1.48 times. The full-year operating profit forecast has been raised to 260 billion yen, and net profit forecast to 170 billion yen.
Qianjiang Motorcycle's first-half net profit attributable to parent falls 62.4% year on year to 101 million yuan
Qianjiang Motorcycle released its 2026 interim report on August 27. First-half operating revenue was 2.73 billion yuan, down 11.3% year on year. Net profit attributable to the parent was 101 million yuan, down 62.4% year on year. Net profit attributable to the parent after deducting non-recurring items was 52.94 million yuan, down 77.2% year on year. Net operating cash flow was 475 million yuan, up 145.4% year on year. Earnings per share were 0.1922 yuan. In the second quarter, operating revenue was 1.7 billion yuan, down 2.1% year on year. Net profit attributable to the parent was 140 million yuan, down 23.3% year on year. Net profit attributable to the parent after deducting non-recurring items was 96.45 million yuan, down 44.3% year on year. Earnings per share were 0.2661 yuan. As of the end of the second quarter, total assets were 10.097 billion yuan, up 1.8% from the end of the previous year. Net assets attributable to the parent were 5.196 billion yuan, down 3.2% from the end of the previous year. The company said in the interim report that there were no major changes in its operating business during the reporting period. All-terrain vehicle and electric motorcycle operations, as extensions of the motorcycle main business's industrial chain, both achieved steady sales growth, gradually matured their operating models, and formed efficient synergies with the existing research and development, manufacturing, and channel systems, giving them the ability to continue operating. The core management team and key technical personnel remained stable, and there was no situation in which core competitiveness was seriously damaged by the departure of core personnel or lagging technology iteration.
Linhai Co., Ltd. reports first-half 2026 net profit of 13.667 million yuan, up 17.29% year on year
Linhai Co., Ltd. released its 2026 interim report. During the reporting period, the company achieved total operating revenue of 728 million yuan, an increase of 150 million yuan compared with the same period last year, up 25.88% year on year, marking a third consecutive year of growth. Net profit attributable to the parent company was 13.667 million yuan, an increase of 2.0145 million yuan from the same period last year, up 17.29% year on year, marking a second consecutive year of growth. Net cash inflow from operating activities was 48.3794 million yuan. The asset-liability ratio was 59.81%, gross margin was 11.72%, and return on equity was 2.46%, up 0.30 percentage points from the same period last year. Diluted earnings per share were 0.06 yuan, up 17.29% year on year. Total asset turnover was 0.57 times, ranking fourth among peers, and inventory turnover was 3.76 times, ranking third. The number of shareholders was 12,500, and the top ten shareholders held 51.86% of total share capital.
Yamaha Motor Shares Surge 40% on Earnings, Dividend and Perks Unchanged
Yamaha Motor revised up its full-year outlook in its interim results announced in August 2026, sending its shares soaring, with three consecutive gains bringing a 40% rise, and it is currently trading at 1,963 yen. First-half revenue was 1.498 trillion yen (up 17.2% year on year), and operating profit was 157.5 billion yen (up 88.6%), both record highs. The full-year forecast was raised to revenue of 2.9 trillion yen (up 14.4% from the previous year) and operating profit of 260 billion yen (up 105.7%). Meanwhile, the dividend was kept at the initial forecast of 50 yen per share (up 15 yen from the previous year), and shareholder perks were changed, with a requirement of holding shares for over one year starting in 2026. Going forward, the focus is on additional shareholder return measures and expectations for the semiconductor-related robotics business (planned profit of 12.5 billion yen, 7.4 times this year's profit).
YADEA and J&T Express Philippines Sign Strategic Electric Delivery Agreement
Yadea Philippines and J&T Express have announced a strategic partnership to accelerate electric vehicle adoption in the Philippine logistics sector, starting with a pilot of 1,000 electric delivery tricycles in Manila before nationwide expansion. Yadea, the world's top-selling electric two-wheeler brand for nine consecutive years, will supply its ST13 electric delivery tricycle designed for high-frequency urban dispatch, featuring a weight-reducing mesh cargo box and puncture-resistant tires. The collaboration aims to integrate electric vehicles into J&T Express's last-mile operations, with both companies citing improved delivery efficiency and a shared commitment to low-carbon urban logistics.
1585.HK · Demand · Positive Yadea secures a major supply agreement with J&T Express for 1,000 electric delivery tricycles, expanding its commercial vehicle sales.
1519.HK · Demand · Positive J&T Express gains a strategic partnership to integrate electric delivery tricycles, potentially improving efficiency and aligning with low-carbon goals.
CETC Chips Technology reports net loss of 12.59 million yuan in 2026 interim report
CETC Chips Technology released its 2026 interim report, showing a net loss attributable to the parent company of 12.59 million yuan, swinging from profit to loss year on year. Total operating revenue was 363 million yuan, down 19.02 percent from the same period last year. Net cash outflow from operating activities was 26.72 million yuan. The company's latest asset-liability ratio was 13.94 percent, gross margin was 32.66 percent, and diluted earnings per share was negative 0.01 yuan.
Linhai Co. first-half net profit reaches 13.667 million yuan, up 17.29% year on year
Linhai Co. disclosed its 2026 semi-annual report. In the first half of the year, it achieved operating revenue of 728 million yuan, up 25.88% year on year. Net profit attributable to shareholders of the listed company was 13.667 million yuan, up 17.29% year on year. Basic earnings per share were 0.0624 yuan.
Linhai Co. first-half revenue up 25.9% year on year, net profit attributable to parent up 17.3%
Linhai Co. released its 2026 interim report. Operating revenue was 728 million yuan, up 25.9% year on year. Net profit attributable to the parent was 13.67 million yuan, up 17.3%. Net profit attributable to the parent after deducting non-recurring items was 12.13 million yuan, up 25.1%. Second-quarter operating revenue was 402 million yuan, up 30.8% year on year, and net profit attributable to the parent was 9.51 million yuan, up 16.5%. The company's main business remains the manufacture and sale of forest firefighting machinery, agricultural machinery, special vehicles, motorcycles and related parts. During the reporting period, agricultural machinery sales revenue increased, forest firefighting machinery sales revenue fell 41.63% year on year, and special vehicle and motorcycle product sales revenue rose 63.37% and 27.39% respectively.
Loncin Motor's 2026 Interim Net Profit Reaches 991 Million Yuan, Down 7.73% Year-on-Year
Loncin Motor released its 2026 interim report, with net profit attributable to the parent company at 991 million yuan, a decrease of 7.73% compared with the same period last year. Total operating revenue was 9.775 billion yuan, and net cash inflow from operating activities was 1.254 billion yuan, down 31.20% year-on-year. The latest asset-liability ratio was 46.99%, gross margin was 19.48%, return on equity was 10.84%, and diluted earnings per share was 0.49 yuan.
Loncin Motor's first-half net profit attributable to parent was 991 million yuan, down 7.7% year on year
Loncin Motor released its 2026 half-year report. Net profit attributable to the parent in the first half was 991 million yuan, down 7.7% year on year. Operating revenue was 9.78 billion yuan, up 0.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 983 million yuan, down 5.05% year on year. Net operating cash flow was 1.254 billion yuan, down 31.2% year on year. In the second quarter, operating revenue was 5.25 billion yuan, up 2.9% year on year, and net profit attributable to the parent was 520 million yuan, down 8.4% year on year. The company said motorcycle sales revenue grew 6.72%, revenue from its own brands reached a record high, and its all-terrain vehicle and three-wheeler businesses also achieved significant sales growth.
Yamaha Motor announces structural reform of OLV business, raises full-year earnings forecast
Yamaha Motor has raised its full-year earnings forecast for the fiscal year ending December 2026, lifting revenue to 2.9 trillion yen, operating profit to 260 billion yen, and net profit to 170 billion yen. Interim results showed revenue of 1.498 trillion yen, operating profit of 158.5 billion yen, and net profit of 113.9 billion yen, marking substantial gains in both revenue and profit, with the robotics business returning to profitability. Meanwhile, for the outdoor land vehicle business, which continues to post losses, the company will implement structural reforms including ending ROV production at its plant in Georgia in the United States and adjusting around 300 positions, recording one-time costs of approximately 12 billion yen. The dividend forecast was left unchanged at 50 yen per share.
7272.JP · Capital · Positive Raises full-year earnings forecast and reports strong interim results with robotics returning to profitability.
7272.JP · Supply · Negative Structural reform of OLV business includes ending ROV production in Georgia and cutting 300 positions, incurring one-time costs.
Niu Technologies beats Q2 revenue estimates, guides for 10-20% growth in Q3
Niu Technologies reported second-quarter revenue of $212.29 million, a 14.7% year-over-year increase that beat estimates by $79.02 million. The company posted a GAAP loss of $0.19 per ADS, while gross margin narrowed to 16.0% from 20.1% a year earlier. E-scooter sales rose 24.2% to 434,687 units, driven by a 26.2% jump in China to 402,202 units, while international sales edged up 3.6% to 32,485 units. Niu expects third-quarter revenue between RMB 1,863 million and RMB 2,033 million, representing year-over-year growth of 10% to 20%.
Niu Technologies swings to second-quarter net loss of RMB 102.2 million
Niu Technologies reported a net loss of RMB 102.2 million for the second quarter of 2026, compared with a net income of RMB 5.9 million in the same period last year. Revenues rose 14.7% year over year to RMB 1,440.4 million, driven by a 24.2% increase in e-scooter sales volume to 434,687 units, though gross margin fell to 16.0% from 20.1% due to product mix shifts and higher supply chain costs. The company posted an adjusted net loss of RMB 98.2 million, versus an adjusted net income of RMB 13.7 million a year earlier. Niu expects third-quarter revenues between RMB 1,863 million and RMB 2,033 million, representing a 10% to 20% year-over-year increase.
Yamaha Motor sharply raises full-year earnings forecast, stock surges over 19%
Yamaha Motor has sharply raised its full-year consolidated earnings forecast for the fiscal year ending December 2026, sending its stock price surging over 19% to close at 1,805 yen. For the second quarter of the fiscal year ending December 2026, revenue rose 17.2% year-on-year to 1.498 trillion yen, operating profit jumped 88.6% to 158.5 billion yen, and net profit attributable to owners of the parent soared 114.7% to 113.9 billion yen. Buoyed by these strong results, the company lifted its full-year revenue forecast from 2.7 trillion yen to 2.9 trillion yen, its operating profit forecast from 180 billion yen to 260 billion yen, and its net profit forecast from 100 billion yen to 170 billion yen. Driving the performance was the Land Mobility business centered on motorcycles, where operating profit for the first half surged 89.8% year-on-year to 112.7 billion yen, while the Marine business also posted an 18.3% increase in operating profit to 46 billion yen. Meanwhile, the struggling Outdoor Land Vehicle business announced structural reforms, with its operating loss for the first half narrowing to 12 billion yen from 13.7 billion yen a year earlier.
Harley-Davidson Could Be 5% Undervalued After Earnings and Buyback Update
Harley-Davidson may be modestly undervalued following its second quarter 2026 earnings and an active share repurchase program. The stock trades at $25.49 against a widely followed fair value estimate of $26.91, suggesting about 5.3% upside. A new partnership in Harley-Davidson Financial Services unlocks $1.25 billion in cash, reduces leverage, and frees up $300 million for growth investments, which can support earnings per share and future revenue. However, a discounted cash flow model from Simply Wall St estimates fair value at just $6.57, highlighting a wide gap in expectations. The company also faces risks from weak global motorcycle demand and slower electric motorcycle adoption.
Harley-Davidson Q2 Earnings Beat Estimates on HDMC Growth
Harley-Davidson reported second-quarter 2026 earnings of 75 cents per share, beating the Zacks Consensus Estimate of 62 cents by 21 percent. Earnings declined 15 percent from 88 cents a year ago. Harley-Davidson Motor Company revenues increased 6 percent year over year to 1.10 billion dollars but missed the Zacks Consensus Estimate of 1.12 billion dollars. Consolidated revenues fell 6 percent year over year to 1.23 billion dollars as a sharp decline at Harley-Davidson Financial Services offset growth at the motorcycle business. The company raised its full-year projection for global motorcycle retail sales and wholesale shipments to a range of 133,500 to 138,500 units from the previous estimate of 130,000 to 135,000 units, and now expects HDMC operating income between 10 million and 50 million dollars compared with the earlier expected range of a 40 million dollar loss to a 10 million dollar profit.
Harley-Davidson Q2 2026 Earnings: North American Retail Sales Rise 3%
Harley-Davidson reported a 3% increase in North American retail sales for the second quarter of 2026, with approximately 30,000 motorcycles sold. Global retail sales rose 1% to about 42,500 units. HDMC revenue grew 6% to $1.1 billion, while consolidated revenue fell 6% due to a 55% decline in HDFS revenue. Earnings per share were $0.75, down from $0.88 a year earlier. The company raised its full-year 2026 guidance and remains on track to achieve $150 million in fixed cost savings by 2027.
HOG · Capital · Positive Harley-Davidson reported Q2 earnings with North American retail sales up 3%, raised full-year guidance, and is on track for $150M cost savings.
Harley-Davidson Misses Revenue Target But Raises Sales Outlook
Harley-Davidson reported second-quarter revenue of $1.2 billion, missing Wall Street estimates of $1.3 billion, but raised its full-year global motorcycle sales forecast to as many as 138,500 units, up from a previous top of 135,000. Sales rose 3% in the quarter compared to the same period last year, as price cuts attracted more budget-conscious customers. Chief Executive Officer Artie Starrs plans to introduce a lower-priced model called the Sprint, a strategy that has divided analysts. Loop Capital Markets upgraded the stock to buy, citing more affordable models, while S&P Global Ratings cut Harley's debt to junk status, warning that discounting could pressure profitability. Shares fell as much as 2.2% in premarket trading.
Harley-Davidson Raises Full-Year Guidance After Second Quarter Results
Harley-Davidson raised its full-year 2026 guidance following second quarter results that showed North American retail motorcycle sales up 3 percent to 29,751 units. Global dealer inventory of new motorcycles ended the quarter down 17 percent from a year earlier, while HDMC global motorcycle shipments rose 9 percent to 39,209 units. Net income attributable to HDI fell 26 percent to $80 million, primarily due to the HDFS shift to a capital-light model, partially offset by HDMC improvement. HDMC revenue increased 6 percent to $1.1 billion, and its adjusted EBITDA margin improved to 10.4 percent from 9.3 percent a year ago. The company now expects full-year HDMC global retail sales and wholesale shipments of 133,500 to 138,500 units, up from a prior range of 130,000 to 135,000, and HDMC operating income of $10 million to $50 million, compared with a previous range of a $40 million loss to a $10 million profit.
Harley-Davidson to Report Q2 Earnings Amid Expected Revenue Decline
Harley-Davidson is set to report its second-quarter earnings this Thursday before market open. The market expects revenue to decline 10.7% year on year, an improvement from the 19.3% decrease in the same quarter last year. Last quarter, the company beat revenue expectations with $1.17 billion, down 11.8% year on year, and sold 37,300 motorcycles, a 3.4% decline. Analysts have generally reconfirmed their estimates over the last 30 days, and the stock is up 14.9% over the past month, heading into earnings with an average analyst price target of $26.91 compared to the current share price of $28.38.
Qianjiang Motorcycle expects first-half core net profit to drop 70%, domestic large-displacement sales decline
Qianjiang Motorcycle expects its core net profit for the first half of 2026 to fall by 75.05% to 79.35% year-on-year, to just 48 million to 58 million yuan. Net profit attributable to shareholders is also expected to decline by 59.15% to 66.57%, to between 90 million and 110 million yuan. The earnings decline is mainly due to weak domestic demand leading to lower sales of large-displacement products in the domestic market, intensifying industry competition and upstream cost pressures driving gross margins lower, and significant exchange losses from the appreciation of the renminbi. The company's gross margin had already declined for two consecutive years in 2024 and 2025, to 26.32% and 25.16% respectively. As of the close on July 14, Qianjiang Motorcycle's share price stood at 10.53 yuan, a year-to-date decline of 28.95%.
CETC Chips expects attributable net loss of 10 million to 13 million yuan in first half of 2026
CETC Chips has disclosed its earnings forecast, expecting an attributable net loss of 10 million to 13 million yuan in the first half of 2026, compared with a profit of 8.4224 million yuan in the same period last year. The company expects a non-recurring net loss of 24 million to 31 million yuan, versus a loss of 5.4717 million yuan a year earlier. The company said the change in performance was mainly due to soaring memory prices leading to a decline in global smartphone sales, a year-on-year drop in sales revenue from Beidou short message chips, and a persistently sluggish consumer electronics market in traditional application areas for smart power, resulting in lower sales revenue, compounded by rising prices of some raw materials and electronic components. Based on the closing price on July 14, the company's price-to-earnings ratio on a trailing twelve months basis is approximately 679.72 to 772.05 times, its price-to-book ratio on a latest filings basis is about 6.81 times, and its price-to-sales ratio on a trailing twelve months basis is about 17.37 times.
Qianjiang Motorcycle expects first-half net profit attributable to parent to drop 59.15% to 66.57% year-on-year
Qianjiang Motorcycle disclosed its earnings forecast, expecting net profit attributable to the parent in the first half of 2026 to be between 90 million and 110 million yuan, a year-on-year decline of 59.15% to 66.57%. The company stated that weak domestic market demand led to a year-on-year decline in sales of large-displacement products in the domestic market, shrinking operating revenue. Intensifying industry competition and upstream cost pressures caused the gross profit margin of product sales to continue to decline, narrowing the profit margin per unit. At the same time, the continued appreciation of the renminbi exchange rate resulted in significant exchange losses on foreign currency settlement business, increasing financial expenses year-on-year and further eroding overall profits.
000913.CS · Demand · Negative Weak domestic market demand led to year-on-year decline in sales of large-displacement products, shrinking operating revenue.
000913.CS · Monetary · Negative Continued appreciation of renminbi exchange rate resulted in significant exchange losses on foreign currency settlement business, increasing financial expenses.
000913.CS · Competition · Negative Intensifying industry competition contributed to declining gross profit margin.
000913.CS · Supply · Negative Upstream cost pressures caused gross profit margin to continue to decline.
USDCNY.FOREX · Monetary · Negative Continued appreciation of renminbi exchange rate mentioned as a factor causing exchange losses for the company, indicating renminbi strength.
Qianjiang Motorcycle expects attributable net profit for the first half of 2026 to fall 59.15% to 66.57% year-on-year
Qianjiang Motorcycle has released its performance forecast for the first half of 2026, expecting attributable net profit to be between 90 million and 110 million yuan, a year-on-year decline of 59.15% to 66.57%. The company said the decline was mainly due to a combination of factors: weak domestic market demand led to a year-on-year drop in sales of large-displacement products for the domestic market, shrinking operating revenue; intensified industry competition and upstream cost pressures caused product gross margins to continue falling, narrowing per-unit profit margins; during the reporting period, the renminbi continued to appreciate, resulting in significant foreign exchange losses on foreign currency settlement business, and financial expenses increased year-on-year, further eroding overall profit.
000913.CS · Demand · Negative Weak domestic market demand led to a year-on-year drop in sales of large-displacement products, shrinking operating revenue.
000913.CS · Competition · Negative Intensified industry competition caused product gross margins to continue falling, narrowing per-unit profit margins.
USDCNY.FOREX · Monetary · Negative Renminbi appreciation during the reporting period is cited as a factor causing foreign exchange losses for the company, indicating a stronger CNY relative to USD.
Niu Technologies to Report Second Quarter 2026 Financial Results on August 10
Niu Technologies will report its financial results for the second quarter 2026 before the U.S. market opens on Monday, August 10, 2026. The corporate presentation and financial spreadsheets will be posted on NIU’s investor relations website. The Company will host an earnings conference call on the same day at 8:00 AM U.S. Eastern Time to discuss the financial and business results. Participants can register in advance to receive dial-in numbers and a personal PIN, and a live and archived webcast will be available on the investor relations website.
Aptera Motors Receives EPA Certificate of Conformity for 2026 Launch Edition
Aptera Motors has received a Certificate of Conformity from the U.S. Environmental Protection Agency for its 2026 Aptera Launch Edition vehicle, marking a key federal emissions compliance milestone. Issued on June 18, 2026, the certificate confirms the vehicle meets applicable federal emissions requirements under the Clean Air Act, a necessary step toward legal sale in the United States. The remaining primary federal requirement before customer deliveries can begin is compliance with Federal Motor Vehicle Safety Standards using vehicles built on Aptera’s low-volume validation assembly line. Co-CEO Steve Fambro stated that validation vehicles are already on the ground and being used to support the remaining work toward potential customer deliveries.
Yamaha Motor to assist topographic survey of Maya site of Copán
Yamaha Motor will support a research project at the archaeological sites of Copán in Honduras, conducted jointly by Komatsu University, Shizuoka University, and the Universidad Nacional Autónoma de Honduras. The project aims to identify previously undiscovered cultural and natural sites through LiDAR-based measurement and analysis of surrounding forests and terrain. Using Yamaha Motor's forest digitalization service, an initial aerial laser scan in April 2026 created high-density point cloud data, visualizing forest structure and surface features as small as 50 cm, and identifying numerous landforms with possible signs of human construction. The resulting digital twin helps preserve pre-excavation landscape and environmental conditions for future generations. Yamaha Motor plans to expand this technology to cultural and natural heritage site investigation and preservation globally.
7272.JP · Technology · Positive Yamaha Motor's forest digitalization service is used for LiDAR survey at Maya site, showcasing technology expansion into cultural heritage preservation.
Harley-Davidson Faces Demand and Profitability Headwinds After Q1
Harley-Davidson's stock has returned 19.5% over the past six months, outpacing the S&P 500 by 11% and reaching $24.78 per share, but analysts at StockStory see reasons to avoid the stock. Motorcycles sold fell to 37,300 in the latest quarter, with an average two-year decline of 14.6% year-on-year, signaling weak demand and potential market saturation. The company's free cash flow margin averaged 10.6% over the last two years, limiting reinvestment and shareholder returns, while its return on invested capital has declined significantly, suggesting few profitable growth opportunities. At a forward price-to-earnings ratio of 29.5, the stock is viewed as fully priced with better opportunities elsewhere.
Harley-Davidson Unveils Second Limited-Edition Realtree Apparel Collection
Harley-Davidson unveiled its second limited-edition collection of apparel and accessories in partnership with Realtree. The motorcycle company said the Harley-Davidson x Realtree collection pairs Realtree's iconic camouflage with Harley-Davidson's signature styles and is aimed at riders and hunters who live in both worlds. Building on the first collection, the latest drop expands the assortment with new styles, including cargo pants, vests, work shirts, and more. Apparel is a meaningful but small component of Harley-Davidson's overall business, consisting of roughly 5% of the company's reported revenue. Apparel rose 1.5% in the second quarter and 0.7% in the first half, which was better than the decline in Harley-Davidson's parts and accessories business over the same quarter.
HOG · Demand · Positive Harley-Davidson launched a second limited-edition Realtree apparel collection, expanding its product assortment to reach riders and hunters.
Realtree · Demand · Positive Realtree's camouflage brand is featured in Harley-Davidson's new apparel collection, extending its licensed product reach.
Ninebot's two-wheeler sales buck the trend with 19% growth in the first half as multiple two-wheeler companies release semi-annual reports
Ninebot has released its 2026 semi-annual report. Revenue in the first half reached 14.357 billion yuan, up 22.28 percent year on year, but net profit attributable to the parent company was 1.008 billion yuan, down 18.79 percent, mainly due to exchange losses from currency fluctuations. The electric two-wheeler business, its largest revenue source, bucked the trend. Sales of smart electric two-wheelers reached 2.844 million units, up 19 percent year on year, with revenue of 7.49 billion yuan, up 10 percent. Over the same period, overall domestic industry sales were 28.252 million units, down 12.6 percent. Niu Technologies released its second-quarter report on the same day. Second-quarter revenue was 1.44 billion yuan, up 14.7 percent year on year, with total vehicle sales of 435,000 units, up 24.2 percent. Sales in the Chinese market reached 402,000 units, up 26.2 percent. The company expects third-quarter revenue to be between 1.863 billion and 2.033 billion yuan. Luyuan Group Holding issued a profit warning on July 28, expecting that profit attributable to company owners in the first half will fall by no more than 35 percent compared with the same period last year, mainly due to slowing demand during the consumer adaptation period after the transition to new national standards, and a significant increase in research and development and upfront investment for new business expansion.
Qianjiang Motorcycle's New Sai 421S in Final Preparations for Mass Launch
Qianjiang Motorcycle stated on an interactive platform that the new Sai 421S is in the final preparations for mass launch. The news was disclosed on August 5, with specific launch timing and pricing details yet to be announced. The Sai 421S is a new model under Qianjiang Motorcycle's Sai series, and the company is advancing the final preparations before mass production.
ABEJA to Establish Singapore Subsidiary; Globing Plans Profit Increase and Higher Dividend
In individual announcements released on the 26th, ABEJA resolved to establish a wholly-owned subsidiary in Singapore. Globing plans a significant profit increase and higher dividend for the fiscal year ending May 2027 (IFRS). Susmed's exclusive sales contract with Shionogi for its insomnia disorder app has ended. Nexera received a milestone payment of approximately 1.591 billion yen related to its partner Neurocrine's Phase 2 trial for cognitive impairment in Alzheimer's disease. Kasumigaseki Capital sold a property held for sale (Miami development land) for its first U.S. project, and Yamaha announced the partial sale of its shares in Yamaha Motor. Matsui Securities set its interim dividend for the fiscal year ending March 2027 at 28 yen (compared to 25 yen in the same period last year), and Medical Net resolved the material weakness in internal control over financial reporting that had been disclosed.
Yamaha to Sell Part of Its Stake in Yamaha Motor, Halving Ownership to 1.46%
Yamaha, the musical instruments and audio equipment maker, announced on the 26th that it will sell part of its shares in Yamaha Motor. After the sale, its stake will be 1.46% of total shares outstanding, nearly halving from the previous 2.84%. In line with its policy on strategic shareholdings, the company said it decided to sell "from the perspective of asset efficiency." The cooperative relationship under the common "Yamaha" brand will be maintained. The sale will be conducted via a block trade through a securities company, and the impact on consolidated earnings is expected to be minor.
Qianjiang Motorcycle's New Sai 421S in Preparation for Mass Launch
Qianjiang Motorcycle stated on an interactive platform that the new Sai 421S is currently in preparation for mass launch. The news was disclosed by the company on August 5, but specific launch timing and pricing details were not revealed.
Nikkei Average Rebounds Slightly, Supported by Buying of Strong-Earnings Stocks, While Yen Appreciation Concerns Persist
The Nikkei Average rebounded slightly, closing at 63,957.53 yen, up 0.32% from the previous trading day. Amid a flurry of corporate earnings announcements, buying of stocks with strong results supported the market, while caution over the yen's appreciation capped gains, leaving the index lacking clear direction. Toyota Motor fell over 1% as its full-year net profit forecast missed market expectations, while Mitsubishi Heavy Industries and Yamaha Motor surged following their earnings reports. Trading value on the Tokyo Stock Exchange Prime Market was 10.283736 trillion yen.
Fender sends notice to Yamaha over Stratocaster design protection
Fender has sent a notice to Yamaha regarding copyright protection for the body shape of its iconic electric guitar, the Stratocaster. Following a German court's recognition of protection within the EU, Fender has since March been expanding notices to manufacturers and retailers demanding they cease production and sales of targeted models. This is the first time a notice to Yamaha, the world's largest musical instrument maker, has come to light. Yamaha has not disclosed which models were named, but says it is reviewing the notice and considering its response. In a statement, Fender said protecting its iconic designs is part of its duty to safeguard its brand and heritage, and expressed its commitment to continuing constructive dialogue with industry partners.
Fender Musical Instruments Corporation · Regulation · Positive Fender is actively enforcing its Stratocaster design protection, sending notices to manufacturers like Yamaha to stop alleged infringement.
7272.JP · Regulation · Negative Yamaha received a notice from Fender over Stratocaster design protection, potentially forcing it to cease production/sales of targeted guitar models.
7951.JP · Regulation · Negative Yamaha Corporation received a notice from Fender over Stratocaster design protection, potentially forcing it to cease production/sales of targeted guitar models.
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