HK Stock Market Move | YADEA(01585) Surges Over 6% in Early Trading as New Version of Electric Bicycle 3C Certification Rules to Take Effect from November 1

YADEA(01585) rose over 6% in early trading. As of press time, it was up 6.47% at HK$8.23, with a turnover of HK$37.449 million. On the news front, according to a CCTV News report, the reporter learned on October 23 that the State Administration for Market Regulation has comprehensively upgraded the CCC certification implementation rules this year, and the new CCC certification rules for three categories of products - electric bicycles, toys, and children's vehicles - will take effect from November 1. The new CCC certification rules for electric bicycles require strict implementation of "one vehicle, one battery, one charger, one code." Orient pointed out that since October, regulators have carried out a nationwide certification rectification campaign across the electric bicycle industry. The short-term disruption is concentrated in the electric bicycle category, with October shipments hit most noticeably, and a greater impact on companies with a higher proportion of electric bicycle business; considering that Q4 is a traditional off-season and the year-ago base was low, the impact on the full year is limited.