Yadea Group Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
August 29, 2017 at 06:19 pm IST
Yadea Group Holdings Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of RMB 3,254,454,000 against RMB 2,937,686,000 a year ago. The increase was primarily attributable to an increase in sales volumes of electric scooters, electric bicycles and related accessories. Profit before tax was RMB 216,116,000 against RMB 228,356,000 a year ago. Profit attributable to owners of the parent was RMB 171,591,000 or RMB 0.06 per diluted share against RMB 177,501,000 or RMB 0.07 per diluted share a year ago. Net cash used in operating activities was RMB 30.9 million against RMB 90.6 million a year ago.