18 Aug 2017,
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  • Hang Seng Index
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  • -64.85 (-0.24%)
HSCI 10,801.4 -16.5
HKSPLC25 35,107.9 -41.7
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Yadea Group Holdings Limited (01585.HK)

Automobiles

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2016 (AR)
2016 (IR)
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PRESENTATIONSmore

Yadea takes the leading role in e-vehicle industry in both of income and profit and we are also the largest two-wheel electric vehicle producer. In order to build up high-end brand, we adopt high-end positioning. The major business is composed of design, research, and development, manufacturing and sales of two-wheel vehicles (including electric scooter, electric bicycle). We adopt high-end positioning strategy to establish high-end brand.

The group headquarter is located in Wuxi, Jiangsu, equipped with office building, R&D center and production base. In Tianjin, Guangdong and Zhejiang, production bases are also set up. We sell products through sales and distribution network all over the nation which is composed of over 1700 distributors and sub distributors. Yadea products have been exported to over 50 countries. According to a file from Frost & Sullivan, Yadea takes up 1.9% of China's total exports of two-wheel e-vehicles of sales volume...
+ More Company Profile

Mr. Jinggui Dong - Executive Director

Mr. Jinggui Dong, aged 46, the spouse of Ms. Qian, is the co-founder of the Group and our Chairman. Mr. Dong has been our Director since July 17, 2014 and was re-designated as our executive Director on January 19, 2015. Mr. Dong is currently a director of Yadea Group, Jiangsu Yadea and Jiangsu Xindi and a supervisor of Tianjin Weiye. In addition to serving in our Group companies, Mr. Dong has been a director of Jiangsu Yadea Investment Co., Ltd. (江苏雅迪投资有限公司) since June 2014. Mr. Dong has approximately 18 years of experience in the electric two-wheeled vehicle industry. In December 2008, Mr. Dong was named the “Pride of Sushang — the Most Respected Entrepreneur in Jiangsu in the 30 Years of Reform and Opening up (改革开放30年,「苏商骄傲」— 江苏最受尊敬企业家)” by Nanjing University Business School (南京大学商学院), the Institute of Economics of Jiangsu Provincial Academy of Social Sciences (江苏省社会科学院经济研究所) and Quality “Sushang” Magazine (精品《苏商》杂志社). In July 2013, Mr. Dong was recognized as an outstanding leader in quality management group activities in the national light industry (全国轻工业品质管制小组活动卓越领导者) by the Light Industry Branch of the China Association for Quality (中国质量协会轻工分会). Mr. Dong has been the vice president of the Jiangsu Bicycle and Electric Bicycle Association (江苏省自行车电动车协会) since July 2013. Mr. Dong is currently a student in the Executive Master of Business Administration Program jointly offered by the Harbin Institute of Technology and the ASIA Pacific Institute of Management China。

Ms. Jinghong Qian - Executive Director

Ms. Jinghong Qian, aged 43, the spouse of Mr. Dong, is the co-founder of the Group and our vice Chairman. Ms. Qian has been our Director since July 17, 2014 and was re-designated as our executive Director on January 19, 2015. Ms. Qian is currently a director of Yadea Import Export and a supervisor of Yadea Group and Tianjin Industry. Ms. Qian has approximately 18 years of experience in the electric two-wheeled vehicle industry. Currently, Ms. Qian also serves as the vice president of the Junior Chamber of Commerce of Xishan District (锡山区青商会). Ms. Qian received the Certificate of Accounting Professional from the Finance Bureau of Xishan, Wuxi (无锡市锡山区财政局) in September 2000. Ms. Qian is currently a student in the Executive Master of Business Administration Program jointly offered by the Harbin Institute of Technology and the ASIA Pacific Institute of Management China.

Mr. Yeming Liu - Executive Director

Mr. Yeming Liu, aged 44, is our president and has been our Director since December 10, 2014. Mr. Liu was re-designated as our executive Director on January 19, 2015. Mr. Liu joined the Group in December 2013 and is responsible for the overall strategic planning and general management, as well as the external affairs of the Group. Prior to joining the Group, Mr. Liu had held various positions in COFCO Corporation (formerly known as China Cereals, Oils and Foodstuffs Import and Export Corporation (中国粮油食品进出口总公司) until 1998, China Cereals, Oils and Foodstuffs Import and Export (Group) Co., Ltd. (中国粮油食品进出口(集团)有限公司) until 2004 and China Cereals, Oils and Foodstuffs (Group) Co., Ltd. (中国粮油食 品(集团)有限公司) until 2007) from 1992 to 2013, including positions as a deputy general manager of COFCO (New York) Co., Ltd. (中粮(纽约)有限公司), a deputy general manager of the oil division of COFCO Corporation and a deputy general manager of Hangzhou CPMC Co., Ltd. (杭州中粮包装有限公司). 

Mr. Rui Shi - Executive Director

Mr. Rui Shi, aged 38, is our chief financial officer and has been our Director since December 10, 2014. Mr. Shi was re-designated as our executive Director on January 19, 2015. Mr. Shi joined the Group in March 2014 and is responsible for the financial aspects of the Group. Prior to joining the Group, Mr. Shi had held various positions at Beijing Zhongchang Accounting Firm (北京中昌会计师事务所) from January 2001 to June 2006 and from July 2008 to February 2014, including positions as a project manager, a division manager, a senior manager and a partner. In addition, Mr. Shi was a financial manager and consultant at Shenzhen Winscom Industrial Co., Ltd., Beijing Branch (深圳市维新康实业有限公司北京分公司) between July 2006 and June 2008. Mr. Shi became a registered member of the Chinese Institute of Certified Public Accountant in July 2003 and received his accountant qualification from the Ministry of Finance of the People’s Republic of China (中华人民共和国财政部) in September 2003.

Mr. Yu Shen - Executive Director

Mr. Yu Shen, aged 40, has been our Director since December 10, 2014 and was re-designated as our executive Director on January 19, 2015. Mr. Shen joined the Group in May 2005 and has since served as the assistant to the Chairman and supervisor of the president’s office. Mr. Shen is responsible for the administrative affairs of the Group, as well as assisting our Chairman and president in external affairs and public relations management. Mr. Shen is also a joint company secretary of the Company.
 

Mr. Xiang Fan - Non-executive Director

Mr. Xiang Fan, aged 39, has been our Director since December 10, 2014 and was re-designated as our non-executive Director on January 19, 2015. Mr. Fan is responsible for supervising and providing judgment to our Board and is not involved in the daily operations of the Group. In addition to serving as a Director, Mr. Fan has been the chairman and general manager of Goldman Sachs Broad Street (Beijing) Equity Investment Management Co., Ltd. (北京高盛宽街博华股权投资管理有限公司), a wholly-owned subsidiary of The Goldman Sachs Group, Inc. (高盛集团有限公司) (collectively referred to as “Goldman Sachs”) since January 2013. Prior to his relocation to Beijing in January 2013, Mr. Fan was with the Hong Kong principal investment area and New York investment banking division of Goldman Sachs as a managing director between January 2012 and December 2012 and an executive director between August 2007 and December 2011. Mr. Fan was an associate at KKR Asia Limited between March 2006 and July 2007, and was an associate at the investment banking division of Goldman Sachs between August 2004 and February 2006.Further, Mr. Fan is currently a director of China Shengmu Organic Milk Limited (Stock Exchangestock code: 1432) and a director of Inner Mongolia Shengmu High-tech Farming Co., Ltd. (内蒙古圣牧高科牧业有限公司). 

Mr. Biguang Wu - Independent Non-executive Director

Mr. Biguang Wu, aged 59, was appointed as our independent non-executive Director on December 10, 2014. Mr. Wu is responsible for supervising and providing independent judgment to our Board. In addition to serving as an independent non-executive Director, Mr. Wu is currently the head of the Faculty of Law, the first level academic leader of the master’s program and the professor-in-charge of the master’s program in Criminal Law at the College of Humanities and Law of the North China University of Technology (北方工业大学文法学院), where he has been teaching since May 1989. Mr. Wu is also a committee member of the Professional Advisory Committee of the District People’s Court of Shijingshan District, Beijing (北京市石景山区人民法院专家咨询委员会委员) and a committee member of the Government Administration Review Committee of Shijingshan District (石景山区政府行政复议委员会委员). Mr. Wu is a part-time legal practitioner as certified by the Bureau of Justice of Beijing (北京市司法局) in December 2009. Previously, Mr. Wu served as an independent non-executive Director of Inner Mongolia Yili Industrial Group Co., Ltd. (蒙古伊利实业集团股份有限公司) (Shanghai Stock Exchange stock code: 600887) between October 2004 and May 2011, where he had been a member of the remuneration committee, nomination committee and strategy committee.

Mr. Zongwei Li - Independent Non-executive Director

Zongwei Li , aged 43, was appointed as our independent non-executive Director on January 18, 2015. Mr. Li is responsible for supervising and providing independent judgment to our Board. In addition to serving as an independent non-executive Director, Mr. Li is currently the chief strategic officer of Yingli Green Energy Holding Company Limited (New York Stock Exchange stock code: YGE), where he was the chief financial officer between November 2006 and May 2009, an executive director and the chief financial officer between May 2009 and May 2014 and an executive director and the chief strategic officer between May 2014 and November 2014. Mr. Li is also the president of Shanghai Sailing Huili Asset Management Co., Ltd. (上海赛领晖力资产管理有限公司) and an independent non-executive director and the chairman of the auditing committee of Youku Tudou Inc. (New York Stock Exchange stock code: YOKU). Mr. Li was a senior auditing manager of PricewaterhouseCoopers between April 1995 and October 2006. Mr. Li was consecutively listed as one of the “Forty Business Elites in China Under the Age of 40 (中国40位40岁以下的商界精英)” by Fortune China from 2011 to 2013. Mr. Li became a non-practicing member of the Shanghai Institute of Certified Public Accountants in December 2009 and was admitted as a fellow chartered chief financial officer by the International Association of Education in August 2010.

Mr. Naisheng Yao - Independent Non-executive Director

Naisheng Yao, aged 43, was appointed as an independent non-executive Director on August 28, 2015. Mr. Yao is responsible for supervising and providing independent judgment to our Board. In addition to serving as an independent non-executive Director, Mr. Yao is currently a vice president at JD.com. Previously, Mr. Yao was a senior investor at Hillhouse Capital Group between November 2009 and January 2011, an associate partner at International Business Machines Corporation (IBM) between April 2007 and October 2009, and a director at CertainTeed Corporation between July 2005 and March 2007. 

Mr. Jiazhong Wang - Senior Management

Mr. Jiazhong Wang, aged 38 joined the Group in February 1999 as an officer. Mr. Wang has been the executive director of Tianjin Industry since January 2011, the executive director of Tianjin Weiye since September 2009 and the deputy general manager of Yadea Sales since October 2014. Mr. Wang is responsible for the sales of our Group. Mr. Wang was the general manager of the Tianjin branch of Jiangsu Yadea between September 2006 and May 2013.

Mr. Chaoyang Zhou - Senior Management

Mr. Chaoyang Zhou , aged 32, joined the Group in May 2000 as an officer and became the general manager of Guangdong Yadea in August 2010. Mr. Zhou has been the general manager of our Wuxi facility since October 2014 and is responsible for the operations of the Wuxi facility. 

Mr. Bo Xue - Senior Management

Mr. Bo Xue, aged 41, has been the chief officer of products of the Group since he joined the Group in April 2013. He is responsible for the product development and planning of the Group. Prior to joining the Group, Mr. Xue was an officer of Jiangsu Tianjue Motorcycle Technology Co., Ltd. (江苏天爵机车科技有限公司) between October 2006 and February 2010, and was the officer of Longxin Motorcycle Co., Ltd. (隆鑫摩托有限公司) between July 1997 and October 2006.

Mr. Shuchang Xu - Senior Management

Mr. Shuchang Xu, aged 33, has been the deputy general manager of Yadea Sales since October 2014 and is responsible for the business operations of Yadea Sales. Mr. Xu joined our Group in February 2007 as the assistant of the general manager of Zhejiang Yadea and was the deputy general manager of our Wuxi facility between May 2013 and October 2014.

Mr. Jinlong Wang - Senior Management

Mr. Jinlong Wang , aged 41, has been the technical supervisor of Yadea Group since October 2014 and is responsible for the operations of our research and development center. Mr.Wang first joined the Group in April 2004 as a production deputy manager of JiangsuYadea. Mr.Wang left the Group temporarily in December 2006 and became the general manager of Wuxi Auspicious Lion Technology Co., Ltd. (无锡吉祥狮科技有限公司) from February 2007 to May 2012. Mr. Wang rejoined the Group in October 2012 as the deputy general manager of Jiangsu Yadea and became the supervisor of our research and development center for electric scooters between July 2013 and October 2014.

+ More Board of Directors
AUDIT COMMITTEE
We have established an audit committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The primary duties of the audit committee are to review and supervise our financial reporting process and internal control system of the Group, oversee the audit process, provide advice and comments to our Board and perform other duties and responsibilities as may be assigned by the Board. The audit committee consists of three members, namely Mr. Zongwei Li (李宗炜), Mr. Biguang Wu (吴邲光) and Mr. Naisheng Yao (姚乃胜). The chairman of the audit committee is Mr. Zongwei Li (李宗炜), who is the independent non-executive Director with the appropriate professional qualifications.
 
 
REMUNERATION COMMITTEE
We have established a remuneration committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The primary duties of the remuneration committee are to establish, review and make recommendations to our Directors on our policy and structure concerning the remuneration of our Directors and senior management and on the establishment of a formal and transparent procedure for developing policies concerning such remuneration, determine the terms of the specific remuneration package of each executive Director and senior management and review and approve performance-based remuneration by reference to corporate goals and objectives resolved by our Directors from time to time.
 
The remuneration committee consists of three members, namely Mr. Biguang Wu (吴邲光), Mr. NaishengYao (姚乃胜) and Mr.Yeming Liu (刘晔明). The chairman of the remuneration committee is Mr. Biguang Wu (吴邲光).
 
 
NOMINATION COMMITTEE
We have established a nomination committee with written terms of reference in compliance with the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Listing Rules. The primary duties of the nomination committee are to review the structure, size and composition of our Board on a regular basis and make recommendations to the Board regarding any proposed changes, identify, select or make recommendations to our Board on the selection of individuals nominated for directorship, assess the independence of our independent non-executive Directors and make recommendations to the Board on relevant matters relating to the appointment, reappointment and removal of our Directors and succession planning for our Directors.
 
The nomination committee consists of five members, namely Mr. Dong, Ms. Qian, Mr. Naisheng Yao (姚乃胜), Mr. Biguang Wu (吴邲光) and Mr. Zongwei Li (李宗炜). The chairman of the nomination committee is Mr. Dong.
 
 

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COMPANY INFORMATION

Listed Date 19 May 2016

Address 36/F, Tower Two, Times Square,1 Matheson Street,
Causeway Bay, Hong Kong

Telephone (0086) 0510-88100267

Facsimile (0086) 0510-88100267

Email export@yadea.com.cn

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