YADEA(HK:01585) 智通财经网·2025-08-28 09:12Core Viewpoint - Yadea Holdings (01585) has seen a recovery in its shipment pace in the first half of the year, with a gradual revival in its two-wheeled electric vehicle business, leading to significant sales growth in electric bicycles and electric scooters [1] Group 1: Company Performance - Sales of electric bicycles reached 6.666 million units, while electric scooters sold 2.128 million units [1] - The improvement in product mix has led to an increase in Yadea's gross margin by 1.6 percentage points to 19.6%, marking a historical high [1] Group 2: Future Outlook - There is optimism for further gross margin improvement, with expectations that the new national standard will be implemented on September 1, initiating a new development cycle for the industry [1] - The outlook for overseas business is positive, prompting an upward revision of revenue forecasts for 2025 to 2027 by 2% to 4% and net profit forecasts by 1% to 2% [1] - The target price for Yadea Holdings has been raised from HKD 19.84 to HKD 22.63 [1]