Yadea Group Holdings Ltd. (HK:1585) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Yadea Group Holdings Ltd. has issued a profit warning, expecting a significant drop in net profit for 2024, with figures projected between RMB1,200 million and RMB1,400 million, compared to RMB2,640.2 million last year. The decrease is mainly due to lower sales volumes of electric two-wheelers and reduced selling prices to clear inventory. Despite this, the company assures a healthy cash flow and financial stability.
For further insights into HK:1585 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue