YADEA (01585) released its interim results, showing a net profit attributable to shareholders of 1.201 billion yuan. The sales of electric scooters increased by approximately 63.7% to 3.4842 million units.

YADEA (01585) announced its performance for the six months ending June 30, 2026, with revenues of RMB 18.236 billion; the profit attributable to shareholders was RMB 1.201 billion; basic earnings per share were 39.4 cents. The announcement stated that due to the delay of the Lunar New Year, sales of electric scooters and electric bicycles in the first quarter of 2026 were relatively low, but gradually recovered in May and June 2026. Sales of electric scooters increased by approximately 63.7%, from 2.128 million units in the six months ending June 30, 2025, to 3.4842 million units in the same period of 2026. Despite the domestic market experiencing a period of adjustment, the Group's overseas business demonstrated strong growth momentum during the reporting period. Supported by the increasing popularity of electric two-wheelers and the rising fuel prices in some markets enhancing the economic appeal of electric vehicles, demand for YADEA's products grew in multiple overseas markets, particularly in Southeast Asia. During the reporting period, the Group continued to expand its overseas sales and distribution network and enhanced its local manufacturing capabilities, including further enhancing its ability to meet the growing regional demand through its new manufacturing base in Vietnam, while supporting the development of overseas markets as an important long-term growth driver. Looking ahead to the second half of 2026, the Group expects that domestic demand will gradually recover as the market further adapts to new national standards and consumer acceptance of new standard products increases. The Group will continue to strengthen product innovation, optimize its product portfolio, and enhance operational efficiency, while further developing its overseas business through deepening market penetration, expanding distribution coverage, and strengthening local manufacturing and supply chain capabilities. These measures are expected to solidify the Group's competitive position and support sustainable long-term growth.