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World's largest maker of electric two-wheelers, including electric scooters and electric bicycles.
World's largest maker of electric two-wheelers, including electric scooters and electric bicycles.
Sells to a network of franchised dealers, who sell to the public, so it earns on wholesale shipments; regulations on speed and weight, and the shift to lithium batteries, shape what it can sell. Founder Dong Jinggui is its controlling shareholder.
In one line: China's electric-scooter giant, like a scaled-up Vespa/Gogoro for e-mobility.
Moat: narrow (scale, brand, distribution). Largest global sales volume and extensive dealer network in electric two-wheelers, a scale-driven, commoditizing category.
Headquarters: Wuxi, China · Founded: 2001 · Employees: 11,245
Size Yadea (1585.HK) is a Hong Kong Consumer Discretionary company (Motor Vehicles) with a market value of $3.36B, the 321st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.81 on 6 Nov 2026.
Performance Over six months the shares fell 28.4%, against -12.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 13.2% over the last twelve months (peer median +4.4%); the operating margin is 6.9% (peer median 2.7%).
Valuation It trades at 8.9× forward earnings against a peer median of 12.7× (4th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 37.3 points above its cost of capital (7.8% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$40.3B | HK$40.1B | HK$30.6B | HK$38.4B | HK$36.1B |
| Revenue growth | — | +31% | -20% | +6% | — |
| Gross profit | HK$7.31B | HK$7.67B | HK$4.65B | HK$6.50B | HK$6.53B |
| EBITDA | HK$3.38B | HK$3.89B | HK$1.76B | HK$3.01B | HK$3.03B |
| Net income | HK$2.75B | HK$3.16B | HK$1.38B | HK$2.92B | HK$2.51B |
| Free cash flow | HK$3.02B | HK$5.97B | -HK$1.63B | HK$2.31B | HK$3.97B |
| Capital expenditure | HK$610M | HK$854M | HK$1.63B | HK$1.48B | HK$773M |
| Total debt | n/a | HK$12.7B | HK$9.89B | HK$10.7B | HK$12.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yadea 1585.HK | $3.36B | -28% | +13% | 7% | 8.9× | -11.2% |
| Giant Manufacturing 9921.TW | $1.06B | +29% | -15% | 2% | 18.1× | 1.3% |
| VinFast Auto VFS | $7.60B | -25% | +74% | -86% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1585.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.9% | -2.3% | 5th highest of 21 |
| 6-month return | -28.4% | -12.3% | 7th lowest of 21 |
| Distance from 52-week high | -34.5% | -28.9% | 10th lowest of 21 |
| Revenue growth (TTM) | +13.2% | +4.4% | 8th highest of 21 |
| Operating margin | 6.9% | 2.7% | 7th highest of 21 |
| Forward P/E | 8.9× | 12.7× | 4th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -11.2% | 1.3% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +13.0% | +8.4% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | -24.2 pp | -7.7 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | +37.3 pp | -1.7 pp | highest of 20 |
| EV / EBITDA | 5.8× | 7.3× | 3rd cheapest of 9 |
| Net debt / EBITDA | -2.0× | 0.6× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yadea 1585.HK | Hong Kong | $3.36B | -28% | +13% | 7% | 8.9× | -11.2% | +13.0% |
| Harley-Davidson HOG | United States | $3.40B | +28% | -15% | -4% | 18.6× | 0.4% | +2.0% |
| Minth 0425.HK | Hong Kong | $3.45B | -37% | +14% | 11% | 7.5× | 2.7% | +14.8% |
| Sinotruk Jinan Truck 000951.SZ | China | $3.46B | -10% | +36% | 4% | 11.2× | -5.8% | -0.8% |
| Mitsubishi Motor 7211.T | Japan | $3.21B | +13% | +5% | 3% | 17.9× | n/a | n/a |
| Volvo Car VOLCAR-B.ST | Sweden | $3.63B | -45% | -17% | 0% | n/a | n/a | n/a |
| Trigano TRI.PA | France | $2.93B | -16% | +2% | 9% | 9.4× | -6.0% | +10.9% |
| Beiqi Foton Motor 600166.SS | China | $2.88B | -31% | +13% | 1% | 10.1× | -1.2% | +1.3% |
| BAIC BluePark New Energy Technology 600733.SS | China | $4.02B | -41% | +54% | -19% | n/a | n/a | n/a |
| FAW Jiefang 000800.SZ | China | $4.11B | -17% | +22% | -1% | 29.5× | n/a | n/a |
| Aima Technology 603529.SS | China | $2.67B | -11% | -11% | 5% | 12.7× | n/a | n/a |
| Force Motors FORCEMOT.NS | India | $2.64B | -8% | +16% | 12% | n/a | 25.2% | +35.4% |
| Mazda Motor 7261.T | Japan | $4.52B | +12% | +4% | 3% | 6.9× | -14.8% | +11.3% |
| Thule THULE.ST | Sweden | $2.39B | -6% | +2% | 17% | 18.3× | 9.3% | +5.9% |
| Chongqing Afari Technology 601777.SS | China | $4.94B | -35% | +17% | -11% | 208.0× | n/a | n/a |
| Loncin Motor 603766.SS | China | $4.97B | +5% | +2% | 9% | 15.9× | -5.5% | +12.7% |
| ARCHION 543A.T | Japan | $5.11B | -9% | +9% | 5% | 2.4× | 7.4% | +0.9% |
| China Railway Materials 000927.SZ | China | $2.20B | -14% | +1% | 2% | n/a | 6.3% | -5.0% |
| Iveco IVG.MI | Italy | $5.55B | +3% | -5% | 3% | 12.7× | n/a | n/a |
| Zhejiang Taotao Vehicles 301345.SZ | China | $1.91B | -54% | +53% | 25% | 11.9× | 2.2% | +23.3% |
| Nissan Motor 7201.T | Japan | $5.98B | -24% | -1% | 2% | 23.1× | n/a | n/a |