Jinwu Financial News | Zheshang released a Research Report indicating that YADEA (01585) is investing in building a factory in Mexico, equipped with YADEA's independently developed advanced technology, including a long-range system and Asia Vets safety system. The local government of Mexico is participating in the meeting for the launch of the first car off the production line. Zhang Liang, General Manager of YADEA North America, stated: "Mexico is not only a key production center but also a launch platform for the Institutions' broader regional Global Strategy. The Institutions fully believe in the strength and potential of the Mexican and the entire Latin American market."
The Institutions stated that the company is a leading brand in the electric two-wheeled vehicle sector, expecting revenues from 2025 to 2027 to reach 41.307/49.77/56.923 billion yuan, with year-on-year growth of 46.3%/20.5%/14.4%, and net income attributable to the parent company to be 3.207/3.808/4.377 billion yuan, with year-on-year growth of 152.0%/18.7%/14.9%. The current Market Cap corresponds to a PE of 11.5/9.6/8.4X. The company will maintain high-quality growth driven by the following three aspects: (1) new national standards raise competition thresholds, with trade-in driving high growth in the Industry, (2) continuous premiumization of products, showcasing leading features, and (3) international "electrification" is confirmed, opening up blue ocean markets. The Institutions believe that as a leading two-wheeled vehicle brand, YADEA's high-quality growth will drive the company's dynamic PE to repair to 20X, maintaining a "Buy" rating.
