Yadea sees robust growth in H1 2025, profits jump 59.5%

Yadea Group Holdings Ltd. announced a substantial 33.1% increase in revenue for the six months ended 30 June 2025, reaching RMB19,185.9 million, up from RMB14,413.8 million in the corresponding period of 2024. This growth was fueled by a 37.8% rise in sales volume of electric scooters and electric bicycles, totaling 8,793,500 units. The company's gross profit also saw a significant surge of 45.1%, from RMB2,593.8 million in H1 2024 to RMB3,763.2 million in H1 2025, with the gross profit margin improving to 19.6% from 18.0%.

Net profit for the reporting period climbed by approximately 59.5%, reaching RMB1,649.0 million compared to RMB1,033.9 million in the prior year. Earnings per share (basic) increased to RMB54.3 cents from RMB34.5 cents. Cash and cash equivalents remained stable at RMB7,875.5 million as of 30 June 2025. The gearing ratio, however, increased to 34.2% from 16.4% in December 2024, primarily due to higher borrowings.

The company's strategy focused on new product development, distribution network optimization, and enhanced cost controls. Yadea launched new electric bicycle models like GuangMang, ZhuiGuang, and Laiyin, targeting female riders, and the Guanneng T35 model with a mecha-inspired design for younger consumers. These initiatives, coupled with the appointment of Mr. Dylan Wang as global brand ambassador, significantly boosted brand visibility and sales.