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UBS Group: The domestic two-wheeler market is growing strongly. Recommended YADEA (01585) and Zhejiang CFMOTO Power (603129.SH).
UBS Group reiterated a "Buy" rating for both, with a Target Price of HKD 15.46 for Yadea and a Target Price of RMB 182.9 for Zhejiang CFMOTO Power.
CICC: Maintain the outperform rating for YADEA (01585) and raise the Target Price to 18 HKD.
The bank believes that the effect of trade-in programs on Industry demand may exceed expectations. Coupled with the demand for restocking and the replacement demand due to the transition to new national standards, Industry sales are expected to achieve more than 10% year-on-year growth in 2025.
Yadea Group Reports 52% Lower 2024 Profit
YADEA (01585) will distribute a final dividend of HK$0.22 per share on July 16.
YADEA (01585) announced that it will distribute dividends as of December 2024 on July 16, 2025...
YADEA released its annual performance report, with a net profit attributable to Shareholders of 1.272 billion yuan and basic earnings per share of 42.2 cents.
YADEA (01585) released its annual performance results for the year ending December 31, 2024, with revenue of 28.236 billion yuan (RMB, the same below); gross profit of 4.289 billion yuan; profit attributable to Shareholders of 1.272 billion yuan; basic earnings per share of 42.2 cents; proposed final dividend of 22 Hong Kong cents per share and special dividend of 23 Hong Kong cents per share. The announcement stated that in 2024, technological innovation remains the core of YADEA's Global Strategy. The group continues to invest in the research and development of core components such as Batteries and Control Systems. Leveraging internal expertise, the group quickly responds to regulatory changes, upgrades the components of existing models, and promotes
Yadea Group: Will Continue to Innovate, Refine Product Offerings>1585.HK
