YADEA (01585) rose more than 4%. As of the time of writing, the stock was up 4.03% to HK$13.41, with a turnover of HK$144 million. The company recently announced its annual results for the period ending December 31, 2025, reporting a profit attributable to shareholders of RMB 2.912 billion, a year-on-year increase of 128.8%. Bank of Communications International noted that the company's overseas sales of two-wheelers reached 300,000 units in 2025, accounting for 2% of total sales. Recent geopolitical uncertainties have driven up oil prices, which is aiding the shift from fuel-powered motorcycles to electric two-wheelers in Southeast Asia. With the implementation of new national standards and trade-in policies, the industry is entering a new cycle, and the company, as a market leader, is expected to benefit. Meanwhile, its overseas business holds promising prospects. Kaiyuan Securities pointed out that in 2025, supported by enhanced overseas manufacturing capacity and supply chain capabilities, the company achieved strong year-on-year revenue growth from Southeast Asia. In early 2026, the company officially opened a $100 million smart manufacturing facility in Bac Ninh, Vietnam, with an initial annual capacity of one million units, serving as a key manufacturing hub to support local demand and exports. Looking ahead to 2026, the company is expected to continue expanding its international business footprint, leveraging its established overseas R&D, distribution network, and manufacturing facilities, thereby accelerating the growth of its export revenue.