<Research>HTSC Remains Positive on YADEA (01585.HK) Sustaining Its Competitive Edge in 2-Wheelers, Maintains Buy Rating
Huatai Securities Rating: Huatai Securities maintains a Buy rating for YADEA (01585.HK) with a target price of $18.63, despite a short selling ratio of 10.210%.
Profit Forecasts: YADEA expects its 2025 net profit to reach at least RMB2.9 billion, reflecting over 128% YoY growth, driven by increased electric two-wheeler sales and product optimization.
Revised Net Profit Estimates: The broker has adjusted its 2025 net profit forecast for YADEA to RMB2.94 billion, accounting for potential sales impacts from the transition to new national standards.
Long-term Projections: Huatai Securities maintains its net profit forecasts for 2026 and 2027 at RMB3.51 billion and RMB3.83 billion, respectively, indicating a compound annual growth rate (CAGR) of 44.4%.
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Huatai Securities Rating: Huatai Securities maintains a Buy rating for YADEA (01585.HK) with a target price of $18.63, despite a short selling ratio of 10.210%.
Profit Forecasts: YADEA expects its 2025 net profit to reach at least RMB2.9 billion, reflecting over 128% YoY growth, driven by increased electric two-wheeler sales and product optimization.
Revised Net Profit Estimates: The broker has adjusted its 2025 net profit forecast for YADEA to RMB2.94 billion, accounting for potential sales impacts from the transition to new national standards.
Long-term Projections: Huatai Securities maintains its net profit forecasts for 2026 and 2027 at RMB3.51 billion and RMB3.83 billion, respectively, indicating a compound annual growth rate (CAGR) of 44.4%.

Citi Research Rating: Citi Research maintains a Buy rating for YADEA (01585.HK) with a target price of $22.5, following a positive profit alert for FY2025.
Profit Forecast: YADEA expects a net profit of at least RMB2.9 billion for FY2025, representing over a 128% year-on-year increase, driven by higher EV sales and an improved product mix.
Net Profit per Vehicle: The estimated net profit per vehicle for the second half of 2025 is approximately RMB167, which is lower than RMB188 in the first half due to economic factors and new national standards.
Industry Outlook: The broker anticipates accelerated industry consolidation, positioning YADEA as a key beneficiary due to its leadership in the market.
Company Overview: YADEA (01585.HK) has seen a stock increase of 0.899%, with short selling amounting to $3.61 million and a ratio of 2.816%.
Profit Forecast: The company anticipates a net profit of at least RMB2.9 billion for the year ending December 31, 2025.
Profit Growth: This projected profit represents an increase of at least 1.28 times compared to the net profit of RMB1.27 billion for the same period in 2024.
Financial Outlook: YADEA's positive profit forecast indicates strong growth potential and financial performance in the upcoming years.
Company Performance: YADEA (01585.HK) reported a 33.1% year-on-year increase in turnover, reaching RMB19.186 billion for the interim results ending June 2025.
Profit Growth: The net profit for the same period rose by 59.5%, amounting to RMB1.649 billion.
Earnings Per Share: Earnings per share (EPS) were reported at RMB54.3 cents.
Dividend Status: No dividend was declared by the company during this reporting period.







