Company Profile · Consumer Cyclical

Zhejiang CFMoto Power Co Ltd

603129 · Shanghai
Industry
摩托车与全地形车
Exchange
Shanghai
Country
China
Employees
8,738
Website
www.cfmoto.com
Price at Publication
¥296.88
Sep 17, 2026 close
Fair Buy
≤ ¥180
Margin-of-safety entry
Baillie Growth Score
48/100
Weak
Buffett Score
78/100
Strong
Intrinsic Value · Three-Tier Range Price at publication ¥296.88 · Within the fair intrinsic-value range

Composite valuation range · conservative ¥168–¥180 / fair ¥250–¥325 / optimistic ¥410–¥440. At the publication price of ¥296.88 (Sep 17, 2026), Within the fair intrinsic-value range.

Financial snapshot
Market capCN¥44.06B
Revenue (TTM)CN¥23.28B
EBITDACN¥2.16B
Profit margin7.47%
ROE23.68%
P/E (TTM)25.52
Forward P/E16.58
EPSCN¥11.25
Dividend yield1.48%
52-week rangeCN¥213.80 – CN¥329.60

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

About the company

Zhejiang Cfmoto Power Co.,Ltd, together with its subsidiaries, engages in research, development, manufacturing, and sales of motorcycles, all-terrain vehicles, new energy two-wheeled vehicles, and core components in China, rest of Asia, North America, Oceania, Africa, South America, and Europe. It provides motorcycles, off-road vehicles, engines, frames, parts, apparel, accessories, lifestyle and gift products, and gear. Zhejiang Cfmoto Power Co.,Ltd was founded in 1989 and is based in Hangzhou, China.

Background

History

Coming soonThis section is being filled in — check back soon.

Industry position

Coming soonThis section is being filled in — check back soon.

Research on this stock
48/100 Hold CFMOTO: Four-Wheeler Revenue Up 51% but H1 Profit Up Only 6%, and CNY 296.88 at 24-25x Normalized Earnings Leaves No Margin of Safety Zhejiang CFMOTO Power is a globalizing Chinese powersports manufacturer whose profit engine is high-margin ATV and side-by-side exports: FY2025 ATV/SSV revenue of CNY 9.608bn earned a 32.14% gross margin, petrol motorcycles added CNY 6.471bn at 24.51%, and the ZEEHO electric two-wheeler line sold 551,237 units at a negative 0.03% gross margin. H1 2026 revenue grew 35.82% to CNY 13.386bn with four-wheeler revenue up 51.05%, yet attributable profit rose only 6.26% to CNY 1.065bn as gross margin slipped to 27.26%, a CNY 256m FX loss and CNY 643m of U.S. tariffs weighed, and Polaris's Section 337 case now reaches the Z10 and Z10-4; the USD 92.64m IEEPA refund adds roughly CNY 440m to 2026 profit but does not recur. Rating Hold: at CNY 296.88 the fully converted market cap of CNY 48.24bn is 28.8x FY2025 earnings and about 24-25x normalized 2026 earnings, near base-case rather than the CNY 200-225 conservative value, so the margin of safety is none and the ideal buy price is CNY 168-180. Zhejiang CFMOTO Power Co., Ltd.603129 · Shanghai摩托车与全地形车Sep 17, 2026