Boliyi: Launches 27-29 Ultra-High Growth Equity Incentive Targets, Locking in Three-Year Growth # Shenwan Electric & New Energy

English summary

Simultaneously assessing revenue, profit, and cash flow, demonstrating the company's long-term development confidence. # Assessed targets for 27-29: revenue not less than RMB 6/8/10 billion, net profit not less than RMB 300/450/600 million, operating cash flow net amount not less than RMB 300/500/750 million; # 27 profit doubles, 28 profit +50% YoY, and cash flow assessment targets higher than profit, reflecting high-quality development. Southeast Asia's electric motorcycle penetration will rapidly increase in 26-27, analogous to household storage in 22. # Southeast Asia is the world's largest two-wheeler market, with 200 million units in use and an annual electrification potential of 20 million units, corresponding to a lithium battery market of RMB 40 billion; # Rising oil price center brings an inflection point in electric motorcycle economics; usage cost of electric motorcycles is only 1/10 of gasoline motorcycles. In Vietnam, Indonesia, etc., recent daily orders for electric motorcycles have grown several times month-on-month; # Policy resonance: Vietnam and others implement policies banning gasoline motorcycles in urban areas in 26, many countries implement subsidies or tax exemptions for electric motorcycle purchases, and electrification rate in 26 is expected to exceed 10%, several times growth YoY;…