Jinwu Financial News | Yadi Holdings (01585) rebounded against the market in early trading. As of press release, it rose 4.74% to HK$13.26, with a turnover of HK$28.9917 million.
According to Haitong Securities Research and Development, the company's electric two-wheeler and related accessories business achieved revenue of 34.54 billion yuan in 2023, an increase of 13.6% over the previous year. In H2 in 2023, the company's electric two-wheeler and related accessories business achieved revenue of 17.50 billion yuan, an increase of 7.0% over the previous year. In 2023, the sales volume of the company's electric two-wheeler products achieved significant growth. The total sales volume of electric scooters and electric bicycles was 16.52 million units, an increase of 17.9% over the previous year. The bank expects the company's net profit for 24-26 to be 31.53, 37.27, and 4.203 billion yuan respectively, an increase of 19.4% over the previous year. Give it an “better than the market” rating.
In terms of other news, starting in mid-late March, Jiangsu, Zhejiang, Guangdong and other places have successively stepped up spot checks on sales stores in the electric two-wheeler industry. CITIC Construction Investment pointed out that in the short term, some demand has been suppressed, but demand may be released more flexibly after mid-April.