UBS Group published a research report stating that in the first half of the year, it participated in multiple investor meetings of YADEA (01585.HK) and found that overseas investors focused more on the company's industry positioning in the current round of vehicle standard upgrades, while domestic investors paid more attention to its sales momentum in the second quarter and how the company responds to competitors such as Ninebot and Zhejiang CFMOTO Power in the high-end market.
UBS Group indicated that YADEA is currently maintaining its full-year sales target at 16.5 million to 17 million units, but management revealed that after May, due to a higher base, retail sales are expected to see a slowdown in year-on-year growth. Additionally, the positive impact of the trade-in policy is also expected to weaken in the second quarter. UBS Group also noted that YADEA's high-end sub-brand has been postponed to the first half of 2026 for re-launch, anticipating competition with Ninebot, Zhejiang CFMOTO Power, and Niu Technologies, and currently, it has cut its earnings forecast for 2025 to 2027 by 5% to 9%, with the target price adjusted from 19.5 yuan to 18 yuan, rated as 'Buy.'
