Qianjiang Motorcycle receives full land acquisition funds, expects RMB 850m pre-tax profit boost

Zhejiang Qianjiang Motorcycle Co. announced the full receipt of land acquisition and compensation funds totaling RMB 128,051.632 million. This includes RMB 2,922.732 million in early vacation incentive payments. The funds relate to the acquisition of land use rights and surface buildings in Wenling City and its industrial park, involving multiple locations owned by Qianjiang Motorcycle and its subsidiaries, Zhejiang Yizhong Intelligent Electric Co. and Zhejiang Yirong Intelligent Machinery Co.

The initial agreement for land acquisition was approved by the company's board in July 2022 and by shareholders at an extraordinary general meeting. The final payment, constituting the fifth tranche of land acquisition and compensation funds totaling RMB 12,512.83 million, was received on November 26, 2025.

The company anticipates that these land acquisition proceeds, after deducting relevant asset costs and disposal expenses, will be recognized under "Asset Disposal Income." This is projected to increase Qianjiang Motorcycle's pre-tax profit in 2025 by approximately RMB 850 million. The final accounting treatment and impact will be subject to the auditors' confirmation.