Yadea Group (1585) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 rose 33.1% year-over-year to RMB19,185.9 million, driven by higher sales volume and product portfolio expansion.

• Net profit increased 59.5% year-over-year to RMB1,649.0 million, with gross profit margin improving from 18.0% to 19.6%.

• Sales volume of electric scooters and bicycles grew 37.8% year-over-year to 8,793,500 units.

• Strategic focus included product innovation, brand building, and targeting younger consumers.

Financial highlights

• Gross profit rose 45.1% year-over-year to RMB3,763.2 million.

• Operating profit reached RMB2,117.2 million, up from RMB1,328.0 million year-over-year.

• Basic and diluted EPS were both 54.3 RMB cents per share, up from 34.5 and 34.4 RMB cents, respectively, in the prior year.

• Cash and cash equivalents stood at RMB7,875.5 million as of 30 June 2025.

• Financial assets at FVTPL rose 121.8% to RMB5,480.0 million.

Outlook and guidance

• Management remains confident for the second half of 2025, focusing on product innovation, global expansion, and brand engagement, especially among young consumers.

• Continued investment in R&D and intelligent manufacturing is planned to enhance product performance and sustainability.