According to the information from the Futu Securities APP, Yadea Holdings (01585) rose more than 4%, as of the press release, up 4.18%, at HKD 11.46, with a turnover of HKD 30.0619 million.

On the news front, the Ministry of Commerce and five other departments jointly issued the "Implementation Plan for Promoting the Replacement of Old Electric Bicycles with New Ones", promoting the replacement of old electric bicycles with lead-acid battery bicycles. The implementation plan proposes that consumers who replace their old lithium battery electric bicycles with lead-acid battery bicycles will receive appropriate subsidies. Open Source Securities pointed out that the intensive release of policies or the promotion of industry consolidation will accelerate, and they are bullish on price increases driving the company's performance gradually recovering.

Bank of America Securities recently pointed out that based on the stimulus measures of replacing old electric bikes with new ones, the implementation time and details of the new national standard for electric bikes will be better than market concerns, and investors are focusing on the outlook for next year. The bank, considering the better-than-expected subsidies for replacing old bikes with new ones and the accelerated implementation of the new national standard, raised its earnings forecast for Yadea by 3% and 5% for the next two years, and raised its earnings forecast for the year after next by 9%.