Yadea Holdings H1 2026 Net Profit Falls 27.2% to RMB 1.201 Billion

Yadea Holdings released its interim report for the first half of fiscal year 2026 (January 2026 to June 2026) on August 25, 2026: - Total revenue amounted to RMB 18.236 billion, down 5% year-over-year; - Gross profit was RMB 3.236 billion, a 14% year-over-year decline; - Gross margin stood at 17.7%; - Net profit attributable to owners of the parent company reached RMB 1.201 billion, down 27.2% year-over-year; - Operating cash flow was RMB 1.626 billion, a sharp 65.6% decrease year-over-year; - Basic earnings per share (EPS) were RMB 0.394, down 27.4% year-over-year; - Diluted EPS also stood at RMB 0.394, down 27.4% year-over-year; - Debt-to-asset ratio was 10.4%. During the reporting period, sales volume of electric bicycles declined by approximately 37.8% year-over-year, while sales of electric scooters surged by about 63.7% year-over-year. Overseas business continued to grow, supported by the company’s new production facility in Vietnam, which enhances its local operational capabilities. The company expects that the domestic market will gradually adapt to the new national standards in the second half of 2026, leading to a steady recovery in demand.