每经AI快讯，1月29日，九号公司(689009.SH)公告称，预计2025年归属于上市公司股东的净利润为16.70 亿元至18.50亿元，同比增加54.04%至70.64%。2025年度，公司持续深化智能短交通与服务机器人两大 核心业务的战略布局。在产品端，持续加大研发投入，不断推动电动两轮车、电动滑板车、服务机器人 及全地形车等核心产品的迭代升级，有效提升产品竞争力与用户满意度；在市场端，积极拓展销售渠 道，强化渠道布局，显著提高市场占有率。上述举措共同推动公司销售规模的扩大与盈利能力的提升。 ...

证券代码：689009 证券简称：九号公司 公告编号：2026-003 九号有限公司 2025 年年度业绩预增公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 （三）本次业绩预告未经注册会计师审计。 二、上年同期业绩情况和财务状况 （一）2024 年年度利润总额：131,944.76 万元。 （二）2024 年年度归属于母公司所有者的净利润：108,412.69 万元。 （三）2024 年年度归属于母公司所有者的扣除非经常性损益的净利润： 106,224.27 万元。 （四）2024 年年度基本每股收益：15.32 元/股。 2025 年 1 月 1 日至 2025 年 12 月 31 日 （二）业绩预告情况 1、经财务部门初步测算，九号有限公司（以下简称"公司"）预计 2025 年年 度实现 归属于 母公司 所有者 的净利 润为人 民币 167,000.00 万元 到 185,000.00 万 元 ， 与 上 年 同 期 （ 法 定 披 露 数 据 ） 相 比 ， 将 增 加 ...

九号公司1月29日公告，预计2025年度归母净利润16.7亿元-18.5亿元，同比增加54.04%-70.64%。2025年 度，公司持续深化智能短交通与服务机器人两大核心业务的战略布局。在产品端，持续加大研发投入， 不断推动电动两轮车、电动滑板车、服务机器人及全地形车等核心产品的迭代升级，有效提升产品竞争 力与用户满意度；在市场端，积极拓展销售渠道，强化渠道布局，显著提高市场占有率。上述举措共同 推动公司销售规模的扩大与盈利能力的提升。 ...

九号公司公告，预计2025年年度实现归属于母公司所有者的净利润为人民币16.7亿元到18.5亿元，与上 年同期相比，将增加人民币5.86亿元到7.66亿元，同比增加54.04%到70.64%。预计归属于母公司所有者 的扣除非经常性损益的净利润为人民币16.2亿元到17.9亿元，与上年同期相比，将增加人民币5.58亿元 到7.28亿元，同比增加52.51%到68.51%。 ...

南财智讯1月29日电，九号公司公告，预计2025年全年归属于上市公司股东的净利润为16.70亿元—18.50 亿元，同比预增54.04%—70.64%；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润 为16.20亿元—17.90亿元，同比预增52.51%—68.51%；主要变动原因为：（一）主营业务影响：2025年 度，公司持续深化智能短交通与服务机器人两大核心业务的战略布局。在产品端，持续加大研发投入， 不断推动电动两轮车、电动滑板车、服务机器人及全地形车等核心产品的迭代升级，有效提升产品竞争 力与用户满意度；在市场端，积极拓展销售渠道，强化渠道布局，显著提高市场占有率。上述举措共同 推动公司销售规模的扩大与盈利能力的提升。（二）非经常性损益的影响：2025年度非经常性损益对净 利润的影响大于上年同期，主要系为有效提升资金的使用效率，利用公司自有闲置资金进行现金管理产 生的收益增加；以及为有效管理汇率波动风险，运用外汇套期保值工具产生的收益增加所致。 ...

Core Viewpoint - The company expects to achieve a net profit attributable to shareholders of RMB 167,000.00 million to RMB 185,000.00 million for the year 2025, representing an increase of RMB 58,587.31 million to RMB 76,587.31 million compared to the previous year, which corresponds to a year-on-year growth of 54.04% to 70.64% [1] Group 1: Financial Projections - The projected net profit for 2025 is between RMB 167,000.00 million and RMB 185,000.00 million [1] - The expected increase in net profit compared to the previous year is between RMB 58,587.31 million and RMB 76,587.31 million [1] - The year-on-year growth rate is estimated to be between 54.04% and 70.64% [1] Group 2: Strategic Focus - The company will continue to deepen its strategic layout in two core businesses: smart short-distance transportation and service robots [1] - There will be an increase in R&D investment to promote the iteration and upgrading of core products such as electric two-wheelers, electric scooters, service robots, and all-terrain vehicles [1] - The company aims to actively expand sales channels and strengthen channel layout to significantly increase market share [1]

Group 1 - The motorcycle and other sectors experienced a decline of 1.6% on January 29, with Zhenghe Industrial leading the drop [1][2] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] - Key stocks in the motorcycle sector showed mixed performance, with Qianjiang Motorcycle up by 1.89% and Zhenghe Industrial down by 5.33% [1][2] Group 2 - The net capital outflow from the motorcycle and other sectors was 165 million yuan, while retail investors saw a net inflow of 131 million yuan [2][3] - Major stocks like Aima Technology and New Day Shares had significant retail inflows, with New Day Shares seeing a retail net inflow of 950.27 million yuan [3] - The capital flow data indicates that institutional investors were net sellers in several stocks, including New Day Shares and Qianjiang Motorcycle [3]

Core Insights - Ninebot has achieved a significant milestone by surpassing 10 million units in global electric scooter shipments, setting a record for the fastest sales in the two-wheeler market within six years, and is now focusing on its next target of 20 million units [1][3] - The company has announced three core strategies: dual-branding, globalization, and the "electric cut oil" initiative, aiming to address the challenges of the saturated Chinese two-wheeler market [1][3] Dual-Brand Strategy - Ninebot's dual-brand strategy distinguishes between Ninebot and Segway based on user characteristics rather than price tiers, targeting different consumer segments [5][7] - Ninebot focuses on convenience, safety, and simplicity for the majority of users, while Segway caters to professional riders seeking performance and adventure [5][7] - Both brands share core technologies but operate independently in terms of channels and services, allowing for tailored marketing and product adjustments based on local consumer preferences [7] Electric Cut Oil Initiative - The "electric cut oil" strategy aims to replace traditional fuel-powered two-wheelers with electric alternatives, addressing the environmental and maintenance issues associated with combustion engines [9][10] - Ninebot is enhancing battery technology and vehicle design to achieve significant improvements in energy density and range, with new models expected to offer up to 300 km of range [10][12] - The company is also focused on cost optimization through partnerships and technological advancements to make electric vehicles more accessible [12] Globalization Efforts - Ninebot is pursuing a globalization strategy that emphasizes innovation and localization, moving away from low-cost mass production to create a high-value brand image [13][14] - The company has established subsidiaries in key global cities and employs a diverse workforce to better understand and meet local market demands [14][15] - Ninebot's unique business model, which integrates online and offline sales, has proven effective in China and is being adapted for international markets [17][18] Industry Transformation - Ninebot's strategies reflect a broader shift in the Chinese two-wheeler industry from price competition to technology and value competition, setting a precedent for innovation-driven growth [19] - The company's approach aims to provide a replicable model for other Chinese manufacturers looking to expand globally while contributing to the advancement of smart transportation technologies [19]

Summary of the Conference Call Industry Overview - The conference focused on the automotive industry, specifically strategies and forecasts for 2026, with a review of the automotive market from 2005 to 2025 [1][2]. Key Insights and Arguments 1. **Sales Growth and Valuation**: - Sales growth is a sufficient but not necessary condition for the valuation of the automotive sector to increase. Historical data shows that years with sales growth corresponded with rising valuations, but there were exceptions in years like 2012 and post-2020 [3]. - The automotive sector's valuation tends to respond approximately three months ahead of sales growth before 2020, and this response time has shortened to about one month post-2020 [3]. 2. **Comparison with 2018**: - The year 2026 is expected to mirror 2018, which also faced declining sales due to policy changes. In 2018, the automotive sector began to decline three months before sales dropped significantly [4][5]. 3. **Impact of Policy Changes**: - The introduction of a 5% purchase tax on new energy vehicles in 2026 and changes in subsidy structures are expected to impact demand negatively [1][2]. 4. **Investment Opportunities**: - The focus for 2026 is on new growth areas, particularly in smart driving technologies. Companies in this sector are seen as undervalued, with many trading below 30x P/E ratios while maintaining decent growth rates [7][8]. 5. **Low Valuation and High Growth Stocks**: - Several companies were highlighted as having strong growth potential while being undervalued, including: - **Mastec**: Estimated 20% growth in 2026 with a P/E of 15-16x [10]. - **Yatong**: Expected 30% growth with a P/E of around 20x [10]. - **Fuyou Glass**: Anticipated 15% growth with a P/E of about 15x [11]. - **Weichai Power**: Projected 15% growth with a similar P/E [11]. 6. **Sector-Specific Insights**: - Companies like **Desay SV** and **Kobota** are expected to see significant revenue growth due to their involvement with major clients like Li Auto and NIO, with projected revenues of 90 billion and 21 billion respectively for Q4 [17][21]. - **Huayang Group** is expected to maintain a growth rate of over 20% in 2026, driven by high-margin products [24]. Other Important but Overlooked Content - The conference also discussed the potential risks associated with rising raw material costs, particularly for companies in the forging sector, which could impact earnings realization [13]. - The importance of technological cycles, including the shift towards electric and smart vehicles, was emphasized as a key driver for future growth in the automotive sector [6][7]. - The discussion included a focus on the competitive landscape, with companies like Fuyou Glass expected to benefit from a more favorable market position as competitors exit [30][31]. Conclusion - The automotive industry is facing challenges due to policy changes and market dynamics, but there are significant investment opportunities in undervalued companies with strong growth potential, particularly in the smart driving and electric vehicle segments. The insights from the conference provide a comprehensive overview of the current state and future outlook of the automotive sector.

Group 1 - The motorcycle and other sectors experienced a slight increase of 0.1% on January 27, with Longxin General leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up by 0.18%, while the Shenzhen Component Index closed at 14329.91, up by 0.09% [1] - Key stocks in the motorcycle sector showed varied performance, with Jiangti General rising by 3.23% and Xinlong Health increasing by 0.83% [1] Group 2 - The motorcycle and other sectors saw a net outflow of 20.82 million yuan from main funds, while retail investors contributed a net inflow of 3.25 million yuan [2] - Among individual stocks, Chuncheng Power had a significant net inflow of 28.71 million yuan from main funds, while Xinri Co. experienced a net outflow of 33.22 million yuan from retail investors [3] - The overall trading volume and turnover in the motorcycle sector reflected mixed investor sentiment, with some stocks like Chuncheng Power and Xinlong Health attracting positive attention [3]