Yadi’s 2021 revenue rose 40 percent to 27 billion yuan and net profit rose 43 percent to 1.37 billion yuan

On March 28, Yadi Holdings (1585.HK) announced the results of the year ended December 31, 2021, the company’s revenue for the period increased by 39.3% to 26.9675 billion yuan (RMB, the same below);Profit attributable to company owners increased about 43% year-on-year to 1.37 billion yuan;Basic earnings per share 47.8 cents, proposed final dividend per share 28 hk cents.During the period, sales revenue of electric scooters increased by approximately 17.9% to $10,208.6 million, while sales revenue of electric bicycles increased by approximately 67.2% to $9,767.7 million, mainly due to the growth in sales of electric two-wheelers.The average selling price of electric scooters increased from 1,552 yuan in 2020 to 1,662 yuan in 2021, while the average selling price of electric bicycles increased from 1,118 yuan in 2020 to 1,265 yuan in 2021.

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