On the evening of August 10th, Company Nine Limited (stock code: 689009, abbreviated as "Company Nine") officially released its 2026 semi annual report. The report shows that in the first half of 2026, the company achieved a total operating revenue of 14.36 billion yuan, a year-on-year increase of 22%; The net profit attributable to shareholders of the listed company was 1.01 billion yuan, and the net cash flow generated from operating activities was 1.97 billion yuan. The company's core business maintained a steady development trend, and the operating fundamentals continued to improve.

While promoting steady business development, Company 9 continues to prioritize shareholder returns. In the first half of 2026, the company implemented repurchase and cancellation to boost shareholder confidence. As of July 31, a total of 5.71 million CDRs have been repurchased, with a total amount of 220 million yuan.

Breaking through against the trend, the electric two wheeler business maintains high growth rate

In the first half of this year, the sales of the electric two wheeler industry were under short-term pressure due to various factors. In this context, Company 9 continues to promote product iteration and upgrading, achieving counter trend growth through intelligent technology barriers and differentiated product matrices, and outperforming the industry in sales year-on-year in the first half of the year. During the reporting period, the company sold 2.844 million units of intelligent electric two wheelers, a year-on-year increase of 19%; Achieved a revenue of 7.49 billion yuan, a year-on-year increase of 10%.

In recent years, the No. 9 intelligent electric two wheeler has repeatedly broken industry growth records. On July 31st, Company 9 announced that its cumulative shipment of intelligent electric vehicles in China has officially exceeded 13 million units.

A significant change from the fledgling "industry dark horse" to the industry leader with shipments exceeding 13 million units today is that Jiuhao has established a complete capability system covering product research and development, intelligent technology, channels, and user operations, continuously transforming technological accumulation into market competitiveness.

On the product side, Jiuhao insists on iterative upgrading and has built a complete product matrix covering different groups of people, usage scenarios, and price ranges.

On the technical side, Jiuhao has always been investing in core technologies. In the first half of 2026, the company's R&D investment reached 750 million yuan, a year-on-year increase of 44%. From keyless unlocking to RideyFUN intelligent driving system, RideyLONG long-range system and other functions, No. 9 continuously explores the combination of intelligent technology and daily riding scenarios, gradually transforming two wheeled electric vehicles from simple means of transportation to intelligent travel terminals that understand users better.

The ultimate goal of technology and products is to continuously optimize the user experience. In order to enhance the user's full lifecycle experience, in March 2026, Jiuhao Electric released the "Service365" service strategy, investing 30 million yuan in a special resource pool to ensure the comprehensive implementation of the service system, in order to bring a "professional+warm" after-sales service experience to all Jiuhao users.

As of the first half of this year, there are over 11500 electric two wheeler specialty stores in China, covering more than 2200 counties and cities. With the continuous growth of user base and sales outlets, Jiuhao can also obtain richer product feedback, further accelerating product iteration and service optimization.

Diversified business collaboration and continuous deepening of global layout

Except for the main business of intelligent electric two wheelers, the company's diversified business matrix has maintained steady development, and the synergistic effect continues to emerge. Electric scooters, balance bikes and other businesses continue to consolidate their global market leading advantages, with products covering more than 100 countries and regions worldwide.

During the reporting period, the sales revenue of Nine's self owned brand retail electric scooters reached 1.7 billion yuan, a year-on-year increase of 28%. As of the first half of this year, the cumulative global sales of the No. 9 electric scooter exceeded 16 million units.

At the same time, the all terrain vehicle business relies on the company's long-term accumulation in the fields of power systems, chassis technology, and intelligent control, and continues to launch products that are suitable for outdoor entertainment and professional work scenarios. Its products are selling well in multiple regional markets around the world with strong performance, gradually opening up the global market. In the first half of 2026, the sales revenue of all terrain vehicles reached 710 million yuan, a year-on-year increase of 32%, becoming an important supplement to revenue growth.

During the reporting period, the company continued to promote its core strategy of "dual brand, globalization, and electric cutting oil". "Ninebot Nine" focused on intelligence, convenience, and safety, targeting the mass consumer market; Segway focuses on driving performance and exploration attributes, targeting the mid to high end fuel motorcycle replacement market, and covering a wider range of user groups and regional markets with differentiated brand positioning.

In terms of overseas layout, the company has over ten years of experience in global operations, continuously improving its differentiated product matrix, and promoting the further popularization of intelligent short transportation products in the global market.

At present, the marginal improvement trend of the electric two wheeler industry after short-term adjustment is clear, and the market share is accelerating towards intelligent leaders. The intelligent short transportation and service robot track deeply cultivated by Company 9 still has broad development space. The company stated that it will continue to use technological innovation as the core driving force, promote product upgrades and global layout, and create long-term and stable value returns for shareholders and investors.