Yadea Group Holdings (HKG:1585) expects a net profit of between 1.2 billion yuan to 1.4 billion yuan for the year ending Dec. 31, compared with 2.64 billion yuan in 2023.
The company attributed the downbeat forecast to weaker sales due to distributors' inventory destocking cycles and the lower selling prices of existing models due to inventory clearance.
The electric bike manufacturer plans to release its annual results in March 2025.
The company's shares were down 3% in recent trade, according to a Friday filing with the Hong Kong bourse.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。