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Thanks to the positive performance of the financial report, the stock price of Yaduo Group (NASDAQ: TAT) surged by 13.32%, with strong Q2 performance growth. As of the close of August 29th Eastern Time, the company's stock price was $18.72 and its market value exceeded $2.5 billion. According to the financial report, in the second quarter of 2024, Yaduo Group achieved a revenue of 1.797 billion yuan, a year-on-year increase of 64.5%; Adjusted net profit of 328 million yuan, a year-on-year increase of 31.6%; Adjusted EBITDA was RMB 443 million, a year-on-year increase of 28.6%. Based on positive expectations for the company's performance growth, Yaduo Group has released its annual performance guidance, expecting a year-on-year revenue growth of 48% -52% in 2024. In addition, Yaduo Group has also disclosed its shareholder return dividend policy for the next three years, with a planned annual cumulative dividend payout of no less than 50% of the net profit of the previous fiscal year.
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