信达证券给予九号公司买入评级，九号公司：电动两轮车量价齐升，多元化产品矩阵表现靓丽

Group 1 - The core viewpoint of the report is that the company, Ninebot (689009.SH), is rated as a "buy" due to its strong performance and optimistic outlook for the electric two-wheeler market [2] - The company has released its semi-annual report for 2025, highlighting significant growth in electric two-wheelers and a positive annual forecast [2] - The latest flagship model of the robotic lawn mower has received a favorable response, and the company is deepening its penetration in overseas channels [2] - Scale effects and product capabilities are enhancing the company's profitability, with continuous improvement in operational efficiency [2]