新华社美国拉斯维加斯1月8日电 通讯｜"中国智造"在美消费电子展舞台逐浪前行 2026年美国拉斯维加斯消费电子展（CES）6日至9日举行。中国企业展台前人头攒动，创新成果广受瞩 目。在这一全球科技风向标式的年度展会上，"中国智造"正以更高创新密度和清晰技术路径，迈向国际 竞争前沿。 近年来，中国企业已成为CES不可忽视的力量，不仅体现在参与规模上，更体现在对新技术及其应用方 向的引领作用。今年，上千家中国企业参展，既有TCL、海信、京东方、联想等行业领先企业，也有大 批初创企业。特别是多家中国企业斩获"CES创新奖"，彰显市场对中国创新能力的全面认可。 高端显示：从屏幕制造到场景体验 在显示技术领域，中国企业持续展现全球领先实力，展示重点从单一产品参数突破转向人工智能 （AI）技术支撑下的全场景应用革命。 TCL占据了CES最中心和最大规模的展位，也是整个展会中产品展示品类最多的参展商之一，技术创新 覆盖电视屏幕、类纸显示电子手写本、AR眼镜等；海信展示了新一代大屏幕显示方案，实现了色彩空 间的提升，强调画质管理、色彩控制与护眼体验的系统优化；长虹等企业则围绕大尺寸LED和显示技 术，突出沉浸式观看与健康用眼 ...

Core Insights - The 2026 International Consumer Electronics Show (CES2026) is being held in Las Vegas from January 7 to January 10, showcasing innovations in personal transportation and service robots by the company [1] Group 1: Product Launches - The company introduced two new E-bike products aimed at consumers: Segway E-bike Myon and Segway E-bike Muxi, featuring smart technology and AI integration [1] - The company also showcased the Segway Xaber300, an electric off-road motorcycle, along with various electric scooters that attracted significant attention at the CES [2] Group 2: Market Trends - The global E-bike market is rapidly growing, with an estimated market size of $35 billion in 2024, projected to reach $62.25 billion by 2030 [1] Group 3: R&D Investment - The company has increased its R&D investment significantly, spending 872 million yuan in the first three quarters of 2025, a 59% year-on-year increase [2] - As of mid-2025, the company has secured 5,982 global patents and has led or participated in over 110 domestic and international technical standards [2] Group 4: Financial Performance - In the third quarter of 2025, the company reported revenue of 6.65 billion yuan, a year-on-year increase of 56.82%, and a net profit of 550 million yuan, up 45.86% [2] - For the first three quarters of 2025, the company achieved approximately 18.4 billion yuan in revenue, a 68.63% increase year-on-year, with a net profit of about 1.79 billion yuan, reflecting an 84.31% growth [2]

Segway E-bike Myon 凤凰网科技讯1月7日，九号公司在CES2026展会现场发布了多款新品，重点展示了其在电助力自行车 (E-bike)与智能割草机器人领域的技术进展。 九号公司此次展出了两款面向消费端的新款E-bike——Segway E-bike Myon和Segway E-bike Muxi。公司 称其搭载的Segway智驾系统实现了"整车真智能"，并重点升级了智能防盗功能，整合了离车锁车、异 常预警与丢失追回等全场景技术。其中，Myon车型获得了2025年IF设计奖。 Segway E-bike Muxi Segway Xaber300 据官方消息，截至2025年12月，九号公司全球入网用户超3400万；其Navimow割草机器人已拥有超40万 家庭用户。 在服务机器人展区，九号公司子公司未岚大陆集中展示了Navimow无边界智能割草机器人，推出了包括 X4、H2、i2系列及商用机型Terranox在内的多款产品，并首次系统化展示了其"Navimow标准"。 此外，九号公司亦展出了电动越野摩托车Segway Xaber300，以及包括E系列、F系列、ZT系列和GT系 列在内的多款电动滑 ...

证券日报网讯12月29日，九号公司在互动平台回答投资者提问时表示，现阶段来看，割草机器人反倾销 调查未对公司构成实质性影响，反而为拓展欧洲业务提供了结构性机遇。产能方面，公司2026年前期对 欧订单主要依托国内产能，预计按目前关税税率交付，剩余部分可通过海外基地灵活供应，对全年出货 计划影响极小。目前海外产能布局在积极推进中，首批试产已经下线。依托电动滑板车等成熟品类的全 球化经验，公司跨区域产能调配与供应链管理能力已形成核心竞争力，能够高效响应欧洲市场订单与补 货需求，助力巩固市场地位。产品与渠道端方面，公司在2026年CES将发布覆盖多元场景的割草机器人 新品，进一步完善产品矩阵；线下布局稳固，全渠道适配能力持续提升，市场覆盖与用户触达效率稳步 增强。综上，本次反倾销调查不会改变公司欧洲市场长期成长逻辑，公司将依托产品、产能与渠道优 势，把握机遇推动业务持续健康发展。 ...

从北京胡同到巴黎街头，从日常代步到山地越野，凭借技术创新驱动的增长动能、全链条安全守护的责 任担当、全球化布局的生态构建，九号正重新定义着全球数千万用户的出行方式。 在2025年财经网新消费 新经济评选中，九号公司凭借其在智能短交通领域的持续创新与生态构建能 力，获得"年度行业领军企业" 称号。 其成功背后，不仅是销量的飙升，更是一套将技术创新、社会责任与全球化视野深度咬合的"价值共 生"体系。 破局，技术浪潮中的"新质生产力" 深厚的智能化基因和平台化能力，是九号公司始终保持高成长性的关键所在。 九号公司成立至今，在科技与研发方面的投入始终保持高位，这一举措也赋能公司各业务板块齐头并 进、产品智能优势持续领先。 2025年前三季度，九号公司公司研发投入达8.72亿元，同比增长59.06%，截至2025年上半年累计获得全 球性知识产权5982项。 这种"系统思维"体现在其产品矩阵中。作为专注于创新短交通和服务机器人领域的高新技术企业，九号 公司构建了覆盖智能电动两轮车、电动平衡车、电动滑板车、全地形车、服务机器人、E-bike等多品类 的产品矩阵。 在传统"油换电"的转型窗口期，M5以接近高端燃油摩托的性能体 ...

来源：环球网 摘要：在新质生产力推动产业升级的背景下，九号公司（Segway-Ninebot）凭借智能化基因与平台化能 力，引领短途出行进入 "体验竞争" 阶段。公司由两大行业先驱合并而成，全球化布局广泛，2025 年前 三季度研发投入 8.72 亿元，累计获 5982 项知识产权，推出国内首个两轮短途出行全域操作系统凌波 OS。其产品矩阵丰富，旗舰电摩 M5 系列等爆款表现亮眼，电动两轮车等业务增长迅猛，2025 年三季 度中国市场累计出货量破 900 万台。公司以 "真智能" 重构出行体验，实现规模化增长，成为行业科技 创新样本。 关键词：九号公司、九号电动、两轮短途出行、电动两轮车、真智能 案例正文： 在新质生产力已成为产业升级核心要素的背景下，科技创新正从"单点参数提升"实现向"系统能力跃 迁"的重大转变。这一转变，具体体现为构建更高效的研发体系、打造更具可复制性的平台化能力、推 动更贴合用户真实需求的产品落地，以及由此催生的规模化增长与显著的行业示范效应。 九号公司所探索的发展路径极具代表性，其凭借智能化基因与平台化能力，成功将短途出行场景从传统 的"工具竞争"阶段引入"体验竞争"的全新阶段。 九号 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [5]. Core Views - The company is positioned for growth driven by the expansion of smart low-speed electric vehicles and proactive engagement in the humanoid robot sector [4][5]. - The company is expected to achieve significant revenue growth, with projections of 38.08 billion, 49.38 billion, and 58.5 billion yuan for 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 27.94%, 29.66%, and 18.47% [5][6]. Summary by Sections Company Overview - Established in 2015, the company focuses on smart low-speed electric vehicles and special vehicles, suitable for various age groups and scenarios. It plans to gradually enter the robotics field by 2025 [4][19]. - As of Q3 2025, the controlling shareholder holds 67.41% of the company's shares, indicating stable ownership. The management team has a strong engineering background, fostering innovation in product development [4][19]. Short-term Outlook - The company is expected to leverage its overseas production capacity and the anticipated high growth of golf carts. It aims to capture market share in the C-end family market and gradually expand into B-end clients [4][5]. - Compared to traditional competitors in North America, the company benefits from a high-quality supply chain and efficient production processes, which enhance its competitive edge [4]. Mid-term Outlook - The company is focused on product upgrades and market expansion, with optimistic growth expectations for all-terrain vehicles (ATVs). It ranks second in ATV exports in the first half of 2025 [4][5]. - The company is developing larger displacement products and has begun mass production of 350cc ATVs, with 500cc ATVs in small batch trials, targeting the North American market [4][5]. Long-term Outlook - The company is actively exploring opportunities in the robotics sector, aiming to integrate robotics into its manufacturing processes to address high labor costs in the U.S. [4][5]. - Strategic partnerships with leading companies in the robotics industry are being pursued to enhance growth potential in this area [4][5]. Industry Analysis - The global electric low-speed vehicle market is projected to grow significantly, with a compound annual growth rate (CAGR) of 25.3% from 2024 to 2029, driven by increasing demand in North America [11][44]. - The company is well-positioned to capitalize on this growth, particularly in the golf cart segment, which is expected to see substantial demand due to the increasing number of golf courses and the shift towards electric vehicles [11][44]. Financial Projections - Revenue is projected to grow from 29.77 billion yuan in 2024 to 38.08 billion yuan in 2025, with a year-on-year growth rate of 27.94% [5][6]. - The net profit attributable to the parent company is expected to reach 8.08 billion yuan in 2025, reflecting a year-on-year increase of 87.3% [5][6].

前言 当1.3亿外国游客带着942亿美元涌入中国，用脚步和消费投票时，那些曾戴着有色眼镜的西方媒体，正 被迫重新审视这片土地。 从北京的故宫到西安的兵马俑，从上海迪士尼到各地的免税店，外国游客的亲身经历，正悄然改写着外 界对中国的认知。 Visa便利与移动支付的普及，更是将"中国体验"推向了全球。 免签、退税、多语种服务、移动支付全打通，连一句中文不会说的老外，也能在王府井扫二维码买最新 款手机。 2024年，中国接待了1.32亿入境游客，花了942亿美元，暴涨77.8%！这还只是开始。要知道，外国人在 华消费占GDP才0.5%，而欧美普遍在1%到3%之间。差距就是潜力。 所以规划直接点题：打造国际消费中心城市。北京、上海、广州、深圳、西安等15城已入选试点，国家 真金白银支持翻新商圈、建退税网点、配AI翻译。 今年上半年，离境退税商店超7200家，退税人数翻了快一倍——这不是数据，是实打实的人气。 我跟你讲，现在去中国旅游购物，体验感拉满。常用支付软件早就支持Visa、Mastercard；机场扫码就 能领240小时过境免签；买完东西当场"即买即退"，效率提升40%。 截至2025年7月底，75国免签、55 ...

Core Viewpoint - The company, TaoTao Vehicle, focuses on providing outdoor leisure and electric mobility solutions, with a diverse range of products aimed at short-distance travel and outdoor activities [1] Group 1: Business Overview - The company offers electric mobility products, including electric low-speed vehicles, electric bicycles, and electric scooters, catering to community, indoor, and outdoor short-distance travel needs [1] - The company also specializes in outdoor specialty vehicles, such as all-terrain vehicles and off-road motorcycles, under the category of power sports [1] Group 2: Future Directions - In addition to its core business, the company is actively researching and maintaining interest in intelligent products, such as robots, and is exploring further sales opportunities in this area [1] - The company currently does not utilize equipment from Yizhiming [1]

Core Viewpoint - TaoTao Automotive (301345.SZ) is focused on providing outdoor leisure and electric mobility solutions, with a diverse product range including electric low-speed vehicles and outdoor specialty vehicles [1] Group 1: Business Overview - The company specializes in electric mobility products, catering to short-distance travel needs in communities, venues, and rural areas [1] - Product offerings include electric low-speed vehicles, electric bicycles, and electric scooters [1] - The company also engages in the outdoor specialty vehicle market, which includes all-terrain vehicles and off-road motorcycles [1] Group 2: Future Focus - In addition to its core business, the company is exploring and researching intelligent products such as robots [1] - There are plans for further sales development in the intelligent product segment [1] Group 3: Equipment Usage - Currently, the company does not utilize equipment from Yizhiming [1]