[tuyere research report reversal] two consecutive quarters of results from a year-on-year turnaround, analysts strong call the industry will usher in an upward cycle at home and abroad, and at least three years of time dimension, the company is in high demand along the "Belt and Road Initiative" route.

At a time when the marginal profit performance of the passenger car and spare parts sector is weakening, the industry's homing net profit for two consecutive quarters turned from loss to profit compared with the same period last year. Analysts believe that the core logic is "domestic tourist bus demand repair + electric bus replacement + overseas market electrification penetration increase", and is optimistic that domestic and overseas demand will continue to rise after 2023, and the follow-up performance is expected to improve quarter by quarter. And at least three years' time dimension.