Nine Company 2025 Performance: Revenue of 21.3 billion yuan, up 50.22%, net profit of 1.755 billion yuan

On February 27th, Ninebot (689009) released its 2025 annual performance forecast, showing significant growth in the company’s full-year operating results, with all key financial indicators performing impressively.

Data shows that in 2025, the company achieved a total operating revenue of 21.325 billion yuan, a 50.22% increase compared to 14.196 billion yuan in the same period last year; net profit attributable to shareholders of the parent company was 1.755 billion yuan, a 61.84% year-over-year increase; and net profit after deducting non-recurring gains and losses was 1.705 billion yuan, up 60.50% year-over-year. Profitability also improved, with basic earnings per share of 24.39 yuan, a 59.20% increase year-over-year, and weighted average return on net assets reaching 25.03%, up 5.93 percentage points from the previous year.

In terms of financial condition, as of the end of 2025, the company’s total assets were 21.334 billion yuan, a 36.08% increase from the beginning of the period; shareholders’ equity attributable to the parent company was 7.168 billion yuan, a 16.43% increase, indicating a stable overall financial structure.

Regarding the reasons for performance growth, Ninebot stated that the core driver is the continuous deepening of its smart short-distance transportation and service robot businesses. Sales of core products such as electric two-wheelers, skateboards, and service robots have steadily increased, boosting both revenue and gross profit. Meanwhile, the growth in costs and expenses has been lower than revenue growth, further releasing scale effects. Additionally, the company’s improved cash management and collection efficiency, along with a reasonable increase in inventory reserves, have also contributed to steady asset growth.