YADEA releases interim results, with a shareholder's net profit of 1.034 billion yuan
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YADEA Holdings released its interim results as of June 30, 2024, with revenue of 14.414 billion yuan, attributable profit to shareholders of 1.034 billion yuan, and basic earnings per share of 34.5 cents. Despite a decrease in sales volume from 8.2107 million units to 6.3826 million units, sales gradually recovered in May and June, with gross profit margin increasing to 18%. The group will continue to invest in new technologies for core components, expand overseas markets, and respond to industry changes brought about by new regulatory requirements
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