The Zhitong Finance App learned that Yadi Holdings (01585) rose nearly 5%, reaching a new high of HK$14.46 during the year. As of press release, it rose 4.78% to HK$14.46, with a turnover of HK$756.322 million.
According to the news, Yadi Holdings recently announced its 2023 results. Revenue increased by about 11.9% year on year to RMB 34.763 billion; profit attributable to company owners increased by about 22.2% year on year to RMB 2.64 billion. According to estimates by SDIC Securities, the company achieved revenue of 17.72 billion yuan in the second half of 2023, an increase of 4.2% over the previous month, and realized net profit of 1.45 billion yuan, an increase of 15.1% over the previous month. According to the bank, the company's 2023H2 profitability increased month-on-month, and the product structure maintained an upgrade trend. Profitability is expected to continue to rise in 2024.
Furthermore, the company recently plans to acquire Lingbo Electronics, a leading electronic control company, for 350 million yuan to further strengthen the technical barriers of sodium batteries. CICC believes that the company's acquisition of Wuxi Lingbo Electronics to deepen the electronic control technology layout is expected to further enhance the integration capabilities of core systems and enable product research and development.