Industry Sales:

• Motorcycles and Off-road Vehicles: approx. 60%
• Engines and Components: approx. 25%
• Other (e.g. services and accessories): approx. 15%

TOP 3 Markets:

1. China: approx. 40%
2. Europe: approx. 30%
3. North America: approx. 20%

Zhejiang Cfmoto Power Co., Ltd generates the majority of its revenue from the sale of motorcycles and off-road vehicles. The Chinese market is the largest single market, followed by Europe and North America, highlighting the international presence and strategic focus on these regions.

Production Location: Hangzhou, China

Zhejiang Cfmoto Power Co., Ltd mainly produces its products in Hangzhou, China. The company is known for manufacturing motorcycles, ATVs, and engines. Hangzhou serves as the main production site where state-of-the-art manufacturing technologies are used to ensure the high quality and reliability of the products.

Revenue Growth: Estimated at 10-12% annually (2025)

Market Expansion: Increasing presence in Europe and North America

Zhejiang Cfmoto Power Co., Ltd is pursuing a growth strategy that is heavily focused on international expansion and product diversification. The company plans to increase its market share in Europe and North America by expanding its dealer network and introducing new models.

Another focus is on the development of more environmentally friendly vehicles, including investment in electric drive technologies. This strategy is intended not only to attract new customers but also to meet the changing regulatory requirements in different markets.

In addition, Cfmoto is relying on strategic partnerships and joint ventures to drive technological innovations and expand production capacities. These measures are intended to enable the company to respond to the increasing demand for high-quality and innovative vehicles.

Main raw materials: Steel, aluminum, plastics, electronic components

Import countries: China, Japan, South Korea, Germany

Zhejiang Cfmoto Power Co., Ltd. sources a variety of raw materials and components needed for the production of their vehicles and engines. This includes notably steel and aluminum, which are essential for manufacturing vehicle frames and engine parts. These metals are often imported from China and Japan, as these countries have a strong metal industry.

Additionally, the company imports plastics and electronic components necessary for the production of vehicle parts and systems. These materials are frequently sourced from South Korea and Germany, as these countries are known for their high-quality electronic products and plastics.

By diversifying the sources of supply, Zhejiang Cfmoto Power Co., Ltd. can ensure supply security and benefit from technological advancements in these countries.

Market share in China: 12% (2024, estimate)
Revenue growth: 10% (2024)
R&D expenses as a percentage of revenue: 6% (2024)

Zhejiang Cfmoto Power Co., Ltd has established itself as one of the leading manufacturers of motorcycles and off-road vehicles in China. The market share of approximately 12% in China indicates that the company holds a significant position in the domestic market.

The revenue growth of 10% in 2024 suggests that Cfmoto is able to strengthen and expand its market position, indicating strong demand for its products.

Another important aspect of the competitive advantage is the focus on research and development, with 6% of revenue being invested in R&D. This demonstrates the company's commitment to developing innovative products and advancing technologically to differentiate itself from competitors.

Overall, Zhejiang Cfmoto Power Co., Ltd possesses a solid competitive advantage supported by its market position, revenue growth, and investments in R&D.

Institutional Investor Share: Approximately 30% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2025)

The institutional investor share in Zhejiang Cfmoto Power Co., Ltd is estimated to be around 30%. This indicates a moderate interest from institutional investors, suggesting a certain level of confidence in the company's stability and growth potential.

In 2025, there were no significant insider buys or sells, indicating that the management and other insiders are either satisfied with the current valuation of the company or do not expect significant changes in the company's strategy or performance.

Market share of Zhejiang Cfmoto Power Co., Ltd: 7% (estimated, 2025)

Top competitors and their market shares:

1. Honda Motor Co., Ltd: 20%
2. Yamaha Motor Co., Ltd: 15%
3. Suzuki Motor Corporation: 10%
4. Kawasaki Heavy Industries, Ltd: 8%
5. Zhejiang Cfmoto Power Co., Ltd: 7%
6. Polaris Inc.: 5%
7. BRP Inc.: 4%
8. KTM AG: 3%
9. Harley-Davidson, Inc.: 3%
10. Triumph Motorcycles Ltd: 2%

Moat of Zhejiang Cfmoto Power Co., Ltd:

Zhejiang Cfmoto Power Co., Ltd has a moderate moat, mainly attributed to its strong presence in the Chinese market and its strategic partnerships, especially with KTM. These partnerships provide access to advanced technology and expand the product portfolio.

Compared to larger competitors like Honda and Yamaha, which have extensive global distribution networks, strong brand recognition, and a wide range of products, Cfmoto's moat is less pronounced. These companies have significant advantages due to their established brands and innovation capabilities.

However, Cfmoto can gain competitive advantages through its focus on the Asian market and the continuous expansion of its product lines, especially in the ATV and motorcycle segments. Expanding into export markets and enhancing brand perception could strengthen the moat in the future.

Revenue Growth: 20% (2024) Profit Growth: 18% (2024) Market Share in China: 12% (2024)

Zhejiang Cfmoto Power Co., Ltd recorded strong revenue growth of 20% in 2024, attributed to increased demand for their products and successful expansion into new markets. The company also achieved a profit growth of 18%, indicating efficient cost controls and improved production capacity.

The company has expanded its market share in China to 12%, strengthening its position as a leading manufacturer in the motorcycle and vehicle industry. This market position could be further expanded in the coming years, especially through investments in research and development as well as the introduction of new models.

Additionally, Cfmoto benefits from strong brand awareness and a solid distribution structure, enabling the company to quickly respond to market changes. These factors suggest that the stock of Zhejiang Cfmoto Power Co., Ltd could be an attractive investment opportunity for investors interested in long-term growth.

Dividend Yield: 3.5% (2025, estimated)

Dividend History: Continuous payout over the last 5 years

Zhejiang Cfmoto Power Co., Ltd has regularly distributed dividends in recent years, indicating a certain reliability in its dividend policy. The estimated dividend yield for 2025 is around 3.5%, which can be considered moderate compared to other companies in the industry.

The reliability of the payout is supported by the company's continuous growth and stable financial performance. Therefore, investors can expect a continuation of dividend payments unless significant economic or company-specific changes occur.