Yadea Group reports strong interim growth, profit surges 59.5%

For the six months ended 30 June 2025, Yadea Group Holdings Ltd. reported a substantial revenue increase of 33.1% to RMB19,185.9 million, up from RMB14,413.8 million in the corresponding period of 2024. Gross profit also saw a significant rise of 45.1%, reaching RMB3,763.2 million compared to RMB2,593.8 million in 2024. This performance led to a profit attributable to shareholders of RMB1,649.0 million, marking a 59.5% increase from RMB1,033.9 million in the prior year. Basic earnings per share improved by 57.4% to RMB54.3 cents.

The growth was primarily fueled by a 37.8% increase in the sales volume of electric scooters and electric bicycles, totaling 8,793,500 units. The company's gross profit margin expanded from 18.0% in 2024 to 19.6% in 2025, benefiting from an optimized product portfolio and increased marketing efforts. Net cash generated from operating activities amounted to RMB4,726.6 million for the period, a significant turnaround from a net cash outflow of RMB696.5 million in 2024.

As of 30 June 2025, cash and cash equivalents remained stable at RMB7,875.5 million. The gearing ratio increased to 34.2% from 16.4% at 31 December 2024, mainly due to an increase in borrowings. The Board has not declared an interim dividend for the six months ended 30 June 2025.