HK Stock Market Move | YADEA (01585) rose nearly 3%. The company is confident in meeting the new national standards for its products and expects to begin testing the new products in May.

YADEA (01585) rose nearly 3%, as of the time of the press release, it rose 2.74%, closing at HK$12.76, with a turnover of HK$25.514 million. Citigroup released a research report stating that after a conference call with YADEA management, they raised their profit forecasts for the company for the current and next year by 20% and 18% respectively. The report quoted YADEA as saying that the company is confident in meeting the new national standards for their products, benefiting from research and development to reduce the weight of lead-acid batteries. It is expected that testing of the new products will begin in May and sales will start at the end of August, with anticipated sales unaffected by the implementation of the new regulations. YADEA also mentioned that large electric scooters using a large number of plastic components will be affected, and distributors are expected to promote these models before the regulations take effect, but the early purchases caused by this promotion will be limited. It is worth mentioning that CITIC SEC pointed out that on January 13th, the new national standard for the electric bicycle industry, "Electric Bicycle Safety Technical Regulations" (GB 17761-2024), was officially introduced. The bank believes that the industry policy direction is now very clear, and with the specific details of the new national standard, the top-level design has been completed. Leading companies will accelerate market share expansion based on their advantage in compliance and product iteration capabilities.