Core Viewpoint - The company is experiencing significant growth in the electric two-wheeler market, with a notable increase in production and sales, indicating a transformative moment akin to the "iPhone moment" in technology [2][9]. Group 1: Company Performance - The company celebrated the production of its 7 millionth electric two-wheeler, with a strong performance in Q1, achieving nearly double the revenue year-on-year and a net profit increase of twofold [2]. - Since its IPO in 2020, the company has consistently reported growth in both revenue and net profit for five consecutive years [2]. - From 2020 to 2024, the company's R&D expenses increased from 462 million to 826 million yuan, while revenue rose from 6 billion to 14.2 billion yuan, and net profit grew from 73.5 million to 1.08 billion yuan [4][5]. Group 2: R&D and Product Development - The company is focused on rapidly converting R&D results into marketable products, exemplified by the upcoming launch of the Super Villain hybrid all-terrain vehicle, currently undergoing testing in Australia [3]. - The company plans to introduce new models in the coming years to meet diverse consumer demands, including a next-generation two-wheeled vehicle expected to launch in 2026 [3][4]. Group 3: Production Efficiency - The company dominates the Chinese smart electric two-wheeler market, with 70% market share, and is expanding its production capacity from 2 million to 5 million units annually [6]. - The introduction of new production lines and automation has led to a 20% increase in production efficiency, with full automation in key components and a comprehensive monitoring system in place [6][7]. Group 4: Market Expansion and Strategy - The implementation of new national standards for electric bicycles is expected to accelerate market consolidation, benefiting leading brands like the company [8]. - The company aims to expand its domestic store count to 10,000, having already surpassed 7,600 stores, while also exploring opportunities in Southeast Asia and other international markets [8][9]. - The company anticipates a shift in revenue structure, with domestic and international markets potentially contributing equally to total revenue in the future [9].
“智能制造+柔性生产”驱动 九号公司瞄准电动两轮车全球第一梯队