Summary by Moomoo AI
In the fiscal year 2024, Yadea Group's revenue decreased by 18.8% year-on-year to RMB 28.236 billion, and the profit attributable to owners of the company fell by 51.8% to RMB 1.272 billion, with basic earnings per share dropping by 52.3% to RMB 0.422. The Board of Directors recommended a final dividend of HKD 0.22 per share and a special dividend of HKD 0.23 per share for 2024.In 2024, affected by the fire incident of electric bicycles in Nanjing and the adjustment of new national standards, market demand slowed, resulting in a 20.7% drop in electric scooter sales to 3.931 million units and a 21.4% decline in electric bicycle sales to 9.089 million units. To respond to market changes, the company accelerated the clearance of existing model products and optimized the product...Show More
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