公司代码：689009 公司简称：九号公司 九号有限公司 2025 年第一次临时股东大会会议资料 2025 年 9 月 九号有限公司 2025 年第一次临时股东大会会议资料 目录 | 2025 年第一次临时股东大会会议须知 | 1 | | | --- | --- | --- | | 2025 年第一次临时股东大会会议议程 | 4 | | | 议案一《2025 | 年半年度利润分配方案》 6 | | | 议案二《关于调整回购股份用途并注销的议案》 | | 7 | | 议案三《关于修订<公司章程>的议案》 | | 8 | | 议案四《关于修订部分治理制度的议案》 | | 9 | 九号有限公司 2025 年第一次临时股东大会会议资料 九号有限公司 2025 年第一次临时股东大会会议须知 2025 年 8 月 27 日，九号有限公司（Ninebot Limited，以下简称"九号公司" 或"公司"）在上海证券交易所网站(http://www.sse.com.cn)披露了《九号有限公 司关于召开 2025 年第一次临时股东大会的通知》（公告编号：2025-060），存托人 中国工商银行股份有限公司披露了《存托人中国工商 ...

目前，九号电动已实现全国9000余家门店全覆盖，构建起行业领先的智能制造体系与技术研发平台。九 号公司表示，面对新国标落地实施后新的市场竞争周期，九号会继续秉持长期主义，坚持以合规为导向 的技术投入，并推动全行业在以安全为核心的技术领域实现新的突破，进而形成持续上升、良性循环的 行业发展态势。 9月8日，九号公司宣布旗下智能两轮电动车国内累计出货量突破900万台，再度刷新行业增长速度纪 录。从700万台到800万台，九号用时64天。而这一次，从800万台到900万台，九号仅用时52天，以更快 增速突破"中国智造"新高度，展现智能两轮领域头部品牌的强劲增长势能。 ...

自2019年12月入局电动两轮车市场以来，九号电动始终坚守"以产品为核心、以用户为导向、以创新为驱动、以安全为底线"的发展理念。从第一台下线车型 到累计出货突破900万台，九号仅用五年多的时间，成为中国电动两轮行业增长最快、用户满意度最高的智能品牌，为"中国智造"注入新活力。 9月8日，九号公司正式宣布，旗下智能两轮电动车中国市场累计出货量突破900万台，再度刷新行业增长纪录。 从700万台到800万台，九号用时64天。而这一次，从800万台到900万台，九号用时仅52天，以更快增速突破"中国智造"新高度，展现智能两轮领域头部品牌 的强劲增长势能，也标志着九号电动全面迈入"冲刺千万台"的高质量增长新阶段。 这一里程碑不仅印证了九号电动车在产品创新与技术研发上的持续领先，更彰显了其在智能两轮出行市场的绝对领先地位，进一步强化了"智能电动车行业 第一品牌"的用户心智。 九号公司中国经营事业部总裁何飞龙表示："九号电动之所以能以持续提速的节奏实现900万台出货目标，靠的不是行业风口的偶然机遇，而是对长期战略的 坚定执行、组织团队的强大韧性，以及千万用户的信任选择。我们始终认为，有价值的增长不在于数字的快速攀升，而在 ...

Market Performance - The motorcycle and other sectors increased by 2.61% on September 5, with Huafang Racing leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Huafang Racing (834058) saw a significant rise of 29.98%, closing at 48.52 with a trading volume of 68,000 shares and a turnover of 327 million yuan [1] - Taotao Vehicle (301345) increased by 8.22%, closing at 199.50 with a trading volume of 26,200 shares and a turnover of 514 million yuan [1] - Other notable performers include Jiang Kui General (603766) up 5.05%, Yong'an Xing (603776) up 4.38%, and Lvtong Technology (301322) up 3.59% [1] Capital Flow - The motorcycle and other sectors experienced a net inflow of 124 million yuan from main funds, while retail funds saw a net outflow of 106 million yuan [1] - Specific stocks like Aima Technology (603529) had a main fund net inflow of 56.95 million yuan, while retail funds showed a net outflow of 27.17 million yuan [2] - Jiang Xin General (603766) also had a main fund net inflow of 27.81 million yuan, with retail funds experiencing a net outflow of 17.87 million yuan [2]

以下文章来源于凤凰网科技 ，作者凤凰网科技 来源丨 凤凰网科技（ID：ifeng_tech） 9月1日正式实施的电动自行车新国标，把整个行业推上风口浪尖。新规明确了速度、重量、电池容 量、整车尺寸等多方面的限制，既要"去摩托化"，也要保证骑行安全。 作者丨姜凡、王佩薇 编辑丨董雨晴 图源丨摄图网 凤凰网科技 . 凤凰科技频道官方账号，带你直击真相。 新规变化内容截图 这意味着，过去几年以"超标车""电摩化"作为增长动力的部分品牌，将面临巨大调整。 对于整个电动车行业而言，这次标准不是微调，而是新一轮洗牌。谁能快速适配，谁就能在新一轮竞 争中抢占先机；而动作迟缓者与小品牌，则有可能出局。 在这样的背景下，雅迪、爱玛、台铃、绿源、小牛等传统品牌各有各的烦恼，但最值得关注的，或许 是九号。 新国标改变了什么？ 凤凰网科技走访北京多地九号电动车店面发现，即便是工作日，店里的客人也并不少，许多人都是赶 在新国标三个月窗口期（9月1日后旧车还能再卖3个月，12月1日后无法上牌登记），来买旧版车 型。 原因也简单，尽管电动自行车一直有限速要求，即最高时速25km/h，但许多人在买完车后都会去店 里解除限速，日常最高可以骑到 ...

Core Points - The new national standard for electric bicycles (GB 17761—2024) was officially implemented on September 1, 2024, introducing stricter technical requirements in areas such as fire resistance, plastic composition, anti-tampering, and braking performance [1] - The transition period allows for the sale of old standard vehicles until November 30, 2024, after which only new standard electric bicycles will be permitted for sale [1] - Many stores in Beijing are still selling old standard bicycles, as new standard models have not yet arrived [1] - Companies are preparing to recycle unsold old standard vehicles after the transition period to ensure a smooth switch to new models [3] Market Dynamics - The production cost of electric bicycles is expected to increase by 600 to 900 yuan due to the new technical requirements, which may lead to higher retail prices [7] - Consumers are concerned about the potential price increase of new standard electric bicycles [7] - The new standard emphasizes battery safety, prompting companies to accelerate technological advancements in battery management systems and overall product performance [9] Consumer Policies - The "old-for-new" policy will be implemented to encourage consumers to upgrade their old electric bicycles, with specific subsidy schemes announced in various regions [3][5] - In Shenzhen, consumers can receive a subsidy of 500 yuan when trading in an old electric bicycle for a new one priced at 1500 yuan or more, valid from January 1, 2025, to December 31, 2025 [6]

即便在新国标面前九号有一定优势，但前方还有许多未知数，多位经销商都对凤凰网科技表示，目前还没见过新国标下的新车，但根据各项要 求，产品的成本必然上升，这部分成本是否转嫁给消费者，还是让经销商扛下均未得知。 9月1日正式实施的电动自行车新国标，把整个行业推上风口浪尖。新规明确了速度、重量、电池容量、整车尺寸等多方面的限制，既要"去摩托化"，也要 保证骑行安全。 图｜新规变化内容截图 这意味着，过去几年以"超标车""电摩化"作为增长动力的部分品牌，将面临巨大调整。 图｜来源于网络 此外，电池容量、功率和整车重量都有严格规定，同时要求智能联网功能必须符合安全规范。 在不少九号店员看来，新车确实更像"自行车"。凤凰网科技注意到，北京多家九号店内有一些现车已挂上"已售"字样。"现在没什么现货了"，该店员表 示，多款旧车型涨价浮动在200元到300元不等但依旧不愁卖，而新车到店预计还需要1个月左右。 对于整个电动车行业而言，这次标准不是微调，而是新一轮洗牌。谁能快速适配，谁就能在新一轮竞争中抢占先机；而动作迟缓者与小品牌，则有可能出 局。 在这样的背景下，雅迪、爱玛、台铃、绿源、小牛等传统品牌各有各的烦恼，但最值得关注的 ...

Investment Rating - The report maintains a "Positive" investment rating for the electric two-wheeler industry [10]. Core Insights - The electric two-wheeler market is experiencing a high-end upgrade, with companies like Niu, Ninebot, and Jike leveraging technology and user needs to capture market share. Niu focuses on urban user demands for convenience, security, and safety, while Ninebot capitalizes on the 3C certification transition to enhance its market position. Jike emphasizes product reliability through extreme testing and community engagement [4][8][41]. Summary by Sections Review of the High-End Electric Two-Wheeler Journey - Niu Electric has effectively identified and addressed three key pain points: charging convenience, theft prevention, and safety. By utilizing Panasonic lithium batteries, Niu has reduced weight and improved performance, leading to significant revenue growth from 769 million yuan in 2017 to 3.288 billion yuan in 2024, with a CAGR of 23.07% [19][33]. Niu: Redefining High-End Electric Two-Wheelers - Niu's strategy includes using high-quality components like Bosch motors and advanced battery management systems to enhance performance and safety. The company has also implemented a user-friendly app for remote vehicle control, contributing to its brand recognition and market penetration [20][27]. Current Competitive Landscape of High-End Two-Wheelers - The competitive landscape features new brands like Jike, Ninebot, and Niu, which focus on community engagement and product reliability. Traditional brands like Yadi and Aima are improving core technologies but lag in smart features compared to new entrants [7][70]. Ninebot: Differentiated Positioning in the Mid-High-End Market - Ninebot has rapidly grown its revenue, reaching 14.196 billion yuan in 2024, with a 38.87% year-on-year increase. The company has successfully transitioned to a major player in the electric two-wheeler market, with a focus on smart technology and user engagement [44][41]. Investment Recommendations: New Force Brands Stand Out - The report recommends focusing on new force leaders like Ninebot and Chuncheng Power, which have demonstrated significant advantages in technology and market positioning. These companies are well-positioned to capture the growing demand for high-end electric two-wheelers [8][11].

Core Viewpoint - The A-share market is experiencing a significant transformation in its dividend distribution patterns, with an increasing number of companies announcing mid-term dividend plans, reflecting a stronger focus on shareholder returns [1][2]. Group 1: Dividend Distribution Trends - As of August 28, 2025, 713 A-share companies have disclosed mid-term dividend plans, surpassing last year's 704, indicating a continuous upward trend in dividend distribution [4]. - The number of companies distributing mid-term dividends has increased from under 200 annually to several hundred, showcasing a shift towards prioritizing shareholder returns [1][4]. - The scale of mid-term dividends has significantly increased since 2024, with notable growth in the number of companies offering substantial dividends per share [4][9]. Group 2: Industry Insights - Traditional high cash flow sectors such as finance, energy, and telecommunications remain the primary contributors to dividends, while consumer and manufacturing sectors are rapidly unlocking their dividend potential [1][12]. - Leading companies like China Mobile and JiBit have established a stable and predictable high-dividend style, with China Mobile's dividend per share increasing from 222.47 yuan in 2023 to 250.25 yuan in 2025 [10][12]. - The introduction of new policies linking dividend behavior to refinancing and shareholding actions has significantly enhanced companies' motivation to distribute dividends [2][4]. Group 3: Future Outlook - The A-share dividend system is expected to evolve towards greater stability, transparency, and efficiency, driven by market and regulatory collaboration [2][11]. - More companies are adopting long-term dividend plans, enhancing predictability and investor confidence, with firms like Mindray Medical committing to distribute at least 65% of their distributable profits over the next three years [12][14]. - The increasing focus on dividends is also reflected in the performance of dividend-linked financial products, which have seen net value increases in 2025, highlighting the growing appeal of high-dividend assets [13][14].

Market Performance - The motorcycle and other sectors rose by 2.19% on August 29, with Ninebot leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Stock Performance - Ninebot Company (code: 6000689) closed at 73.15, with an increase of 8.02% and a trading volume of 331,100 shares, amounting to a transaction value of 2.341 billion yuan [1] - Other notable stocks included: - Chunfeng Power (code: 603129) at 266.69, up 3.18% [1] - Qianli Technology (code: 601777) at 11.82, up 2.16% [1] - Aima Technology (code: 603529) at 36.70, up 0.82% [1] - New Vision Co. (code: 603787) at 12.98, up 0.62% [1] Capital Flow - The motorcycle and other sectors saw a net inflow of 247 million yuan from main funds, while retail investors experienced a net outflow of 140 million yuan [3][4] - Ninebot Company had a main fund net inflow of 178 million yuan, representing 7.59% of its total [4] - Qianli Technology experienced a net inflow of 85 million yuan from main funds, accounting for 9.80% [4] ETF Overview - The Food and Beverage ETF (code: 515170) tracked the sub-index with a recent five-day change of 0.50% and a P/E ratio of 20.74 [6] - The Gaming ETF (code: 159869) tracked the animation and gaming index with a five-day change of 3.39% and a P/E ratio of 44.92 [6] - The Semiconductor ETF (code: 588170) tracked the semiconductor materials and equipment index with a five-day change of 10.78 and a net inflow of 2.3759 million yuan [6]