In the first half of 2024, Yadea faced challenges as the market demand temporarily weakened, with revenue decreasing by 15.4% to 14,413.8 million yuan compared to the same period last year. However, the company's gross margin increased from 16.9% to 18.0%, indicating a positive sales trend. The company actively responded to the government's strengthened regulation of electric two-wheeled vehicles, and continued to invest in new technology research and development and overseas market expansion. On June 30, 2024, the company completed the acquisition of Wuxi Lingbo Electronic Technology Co., Ltd., further expanding its business scope. During the period, the company did not declare a mid-term dividend and maintained good corporate governance. As of June 30, 2024, the company's cash and cash equivalents amounted to RMB 7,067.6 million, a decrease of approximately 10.7% from the end of the previous year.

In the first half of 2024, Yadea faced challenges as the market demand temporarily weakened, with revenue decreasing by 15.4% to 14,413.8 million yuan compared to the same period last year. However, the company's gross margin increased from 16.9% to 18.0%, indicating a positive sales trend. The company actively responded to the government's strengthened regulation of electric two-wheeled vehicles, and continued to invest in new technology research and development and overseas market expansion. On June 30, 2024, the company completed the acquisition of Wuxi Lingbo Electronic Technology Co., Ltd., further expanding its business scope. During the period, the company did not declare a mid-term dividend and maintained good corporate governance. As of June 30, 2024, the company's cash and cash equivalents amounted to RMB 7,067.6 million, a decrease of approximately 10.7% from the end of the previous year.