Ninebot Ltd

689009 · SHG · Consumer Cyclical / Leisure

32.80CNY-0.35 (-1.06%)

Price History

Full chart

Market Stats

Previous Close33.15

Open33.16

Day Range32.75 – 33.47

52-Week Range31.28 – 66.80

Volume5.33M

Market Cap26.74B

P/E (TTM)17.34

Forward P/E0.00

EPS2.14

Dividend Yield4.47%

Beta0.47

50-Day Avg40.78

200-Day Avg44.72

About

Ninebot Limited engages in the research and development, production, sale, and servicing of short-distance transportation and robot products in China and internationally. It offers electric balance scooters, electric scooters, electric motorcycles, all-terrain vehicles, go-karts, and service robots. The company was founded in 2012 and is based in Beijing, China.

Company Details

SectorConsumer Cyclical
IndustryLeisure
CEOMr. Ye Wang
Employees7.95K
HeadquartersBuilding A4, Beijing, China, 100192, China
Websitehttps://ninebot.com

Leadership

Mr. Lufeng GaoCo-Founder & Chairman · b. 1979
Mr. Ye WangCo-Founder, CEO & Director · b. 1980
Mr. Zhong Yuan ChenPresident & Director · b. 1987
Mr. Xiaojin FanCFO & Accounting Supervisor · b. 1974
Mr. Miao LiuChief Technology Officer · b. 1980
Mr. Peng XuBoard Secretary · b. 1979

Financials

Income Statement

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.38B	4.25B	4.59B	6.00B	9.15B	10.12B	10.22B	14.20B	21.28B
Growth (%)	-	+207.51%	+7.96%	+30.90%	+52.36%	+10.70%	+0.97%	+38.87%	+49.89%
Cost of Revenue	1.07B	3.04B	3.41B	4.38B	7.02B	7.49B	7.65B	10.19B	14.97B
Gross Profit	315.54M	1.21B	1.17B	1.63B	2.12B	2.63B	2.57B	4.01B	6.30B
Gross Margin	22.84%	28.42%	25.61%	27.10%	23.23%	25.97%	25.18%	28.24%	29.63%
Operating Expense	960.33M	2.91B	1.57B	1.48B	1.64B	2.12B	2.15B	2.75B	4.41B
Operating Income	-644.78M	-1.70B	-397.77M	145.31M	488.99M	508.22M	422.57M	1.26B	1.89B
Operating Margin	-46.68%	-40.03%	-8.67%	2.42%	5.35%	5.02%	4.13%	8.84%	8.90%
EBITDA	-568.08M	-1.64B	-331.47M	218.79M	637.10M	726.53M	838.35M	1.54B	2.40B
EBITDA Margin	-41.13%	-38.72%	-7.23%	3.64%	6.97%	7.18%	8.20%	10.85%	11.28%
Net Income	-627.12M	-1.80B	-454.85M	73.47M	410.60M	451.31M	597.99M	1.08B	1.76B
Net Income Margin	-45.40%	-42.47%	-9.92%	1.22%	4.49%	4.46%	5.85%	7.64%	8.26%
R&D	91.33M	123.08M	317.09M	462.19M	503.51M	583.13M	615.94M	826.13M	1.25B
R&D as % of Total Revenue	6.61%	2.90%	6.91%	7.70%	5.51%	5.76%	6.03%	5.82%	5.87%
Interest Expense	0	12.69M	16.71M	11.38M	4.71M	4.98M	8.16M	3.01M	6.59M
Interest Expense % of Total Revenue	0.00%	0.30%	0.36%	0.19%	0.05%	0.05%	0.08%	0.02%	0.03%

Balance Sheet

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.95B	3.70B	3.31B	6.56B	7.67B	9.39B	10.85B	15.68B	21.52B
Total Liabilities	3.22B	6.93B	1.19B	2.86B	3.40B	4.45B	5.32B	9.44B	14.26B
Total Equity	-1.27B	-3.24B	2.12B	3.70B	4.27B	4.90B	5.46B	6.16B	7.16B
Cash	393.04M	1.04B	988.74M	2.20B	1.73B	3.08B	4.97B	7.47B	8.30B
Total Debt	2.60B	833.43M	-	-	-	-	-	-	-
Net Debt	385.90M	-	-	-	-	-	-	-	-

Cash Flow

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	137.48M	376.61M	251.28M	896.35M	-161.45M	1.59B	2.32B	3.35B	4.44B
Investing Cash Flow	-333.17M	218.93M	-358.55M	-1.11B	-	-	-	-	-
Financing Cash Flow	381.17M	57.67M	13.23M	1.45B	-	-	-	-	-
Capital Expenditure	13.24M	97.33M	379.85M	324.41M	266.35M	433.20M	826.70M	546.38M	1.22B
Free Cash Flow	124.24M	279.28M	-128.57M	571.93M	-427.80M	1.16B	1.49B	2.81B	3.22B
Dividends Paid	14.63M	13.76M	16.21M	12.22M	3.96M	653.18K	-	199.88M	1.10B
FCF to OCF	90.37%	74.16%	-51.17%	63.81%	264.97%	72.74%	64.36%	83.71%	72.52%
Dividend Paid to FCF	11.78%	4.93%	-12.60%	2.14%	-0.93%	0.06%	-	7.12%	34.26%

Earnings

Report Date	Oct 30, 2023	Apr 24, 2024	Aug 6, 2024	Oct 28, 2024	Feb 27, 2025	Apr 29, 2025	Aug 1, 2025	Oct 24, 2025	Mar 30, 2026	Apr 29, 2026	Aug 10, 2026
EPS Estimate	0.30	0.07	0.35	0.47	0.11	0.19	0.77	0.72	0.27	0.71	1.03
EPS Actual	1.82	1.98	0.65	0.45	0.19	0.56	1.08	0.64	-0.69	2.40	1.03
Surprise	506.67%	2728.57%	85.71%	-4.26%	72.73%	194.74%	40.26%	-11.11%	-355.56%	238.03%	0.00%
Timing	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap26.74B

Enterprise Value17.20B

Trailing P/E17.34

Forward P/E0.00

Price / Sales1.12

Price / Book3.73

EPS2.14

Book Value10.00

Revenue (TTM)23.89B

Gross Profit (TTM)6.82B

EBITDA2.14B

Profit Margin6.38%

Operating Margin12.26%

Return on Equity22.11%

Return on Assets5.54%

Shares Outstanding720.87M

Shares Float528.42M

Beta0.47

Dividend Yield4.47%

Dividend Rate1.66

Payout Ratio49.09%

Dividends

20261×

1.24Aug 7, 2026

20252×

0.42Oct 31, 20251.13Jun 13, 2025

20241×

0.28May 24, 2024