The Zhitong Finance App learned that Yadi Holdings (01585) is now up more than 6%. As of press release, it has risen 6.33% to HK$14.78, with a turnover of HK$48.169,900.

According to the news, Yadi Holdings released its annual report. In 2023, it achieved revenue of 34.8 billion yuan, an increase of 12% over the previous year; net profit to the mother was 2.64 billion yuan, an increase of 22.2% over the previous year. Mainly due to the steady increase in sales volume, Yadi achieved a total of 16.52 million electric two-wheelers sold throughout the year, an increase of 18% over the previous year.

According to the Huatai Securities Research Report, charging safety issues for lithium battery two-wheelers have been frequent recently, drawing public attention, and considering that the cost performance improvement of lithium battery products is facing obstacles, the market is paying more attention to safer sodium batteries. The bank believes that sodium battery replacement may become a major trend in the future development of two-wheelers. Yadi has a leading layout in sodium batteries, and is expected to enjoy a first-mover advantage and continue to stabilize its leading position in two-wheelers. Furthermore, the bank believes that through its gradually improving Southeast Asia layout, Yadi is expected to enjoy overseas market development dividends and increase sales volume.