Yadea Group Holdings Ltd (01585.HK) saw its stock price plummet by 5.05% during intraday trading on Tuesday, despite the company's announcement of its full-year financial results and dividend plans earlier in the day.
According to the company's report, Yadea Group posted a revenue of RMB 28,236.2 million for the fiscal year, with a gross profit of RMB 4,289 million. The company also declared a special dividend of 23.0 HK cents per ordinary share and proposed a 2024 final dividend of 22.0 HK cents per ordinary share. Additionally, the profit attributable to shareholders reached RMB 1,272.4 million.
The negative market reaction to seemingly positive financial results suggests that investors may have had higher expectations for Yadea Group's performance. It's possible that despite the revenue growth and dividend announcements, concerns about future growth prospects or market challenges in the electric two-wheeler industry could be weighing on investor sentiment. Analysts will likely be closely examining the details of the financial report to understand the underlying factors contributing to the stock's sharp decline.
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