Ninebot Ltd

Ninebot announced on September 1 that as of August 31, 2026, the company had repurchased a cumulative 5.71 million depositary receipts, accounting for 0.78% of the total, with a repurchase amount of 220 million yuan. The actual repurchase price range was 36.47 yuan to 41.8 yuan per receipt. In the first half of 2026, Ninebot achieved revenue of 14.358 billion yuan and net profit attributable to the parent of 1.008 billion yuan.

Ninebot announced that as of August 31, 2026, the company had repurchased a cumulative 5.7116 million depositary receipts, accounting for 0.78% of the total, with a total payment of about 220 million yuan. The buyback plan was approved in June 2026, with total funds of no less than 150 million yuan and no more than 300 million yuan. The repurchase price ceiling was adjusted to no more than 58.78 yuan per receipt due to equity distribution, and all repurchased shares will be cancelled. In the first half of 2026, the company achieved operating revenue of 14.358 billion yuan and net profit attributable to the parent of 1.008 billion yuan. Revenue from software service fees for electric two-wheelers reached 108 million yuan, and the company is boosting membership penetration through a 66 yuan per year VIP value-added service. In overseas business, two eBike models for the US market, Myon and MUXI, have gone on sale, and the global eBike market has exceeded 100 billion yuan. In addition, the Zhuhai manufacturing base is scheduled to begin production in 2027, and the first electric vehicle has already rolled off the line. Since its listing, the company has returned about 2.7 billion yuan to shareholders, including about 2.2 billion yuan in dividends and about 500 million yuan in buybacks.

Ninebot has released its 2026 semi-annual report. Revenue in the first half reached 14.357 billion yuan, up 22.28 percent year on year, but net profit attributable to the parent company was 1.008 billion yuan, down 18.79 percent, mainly due to exchange losses from currency fluctuations. The electric two-wheeler business, its largest revenue source, bucked the trend. Sales of smart electric two-wheelers reached 2.844 million units, up 19 percent year on year, with revenue of 7.49 billion yuan, up 10 percent. Over the same period, overall domestic industry sales were 28.252 million units, down 12.6 percent. Niu Technologies released its second-quarter report on the same day. Second-quarter revenue was 1.44 billion yuan, up 14.7 percent year on year, with total vehicle sales of 435,000 units, up 24.2 percent. Sales in the Chinese market reached 402,000 units, up 26.2 percent. The company expects third-quarter revenue to be between 1.863 billion and 2.033 billion yuan. Luyuan Group Holding issued a profit warning on July 28, expecting that profit attributable to company owners in the first half will fall by no more than 35 percent compared with the same period last year, mainly due to slowing demand during the consumer adaptation period after the transition to new national standards, and a significant increase in research and development and upfront investment for new business expansion.

Segway-Ninebot announced that cumulative domestic shipments of its smart e-scooters have officially surpassed 13 million units. The milestone was reached on July 31, marking significant progress for the company's smart e-scooter business in the domestic market.

Over the past week, STAR Market companies have been sending a flurry of positive signals. More than 30 companies announced new share buyback plans or progress updates, over 20 disclosed their 2026 half-year earnings forecasts with most reporting upbeat results, and several others signed major contracts or revealed R&D breakthroughs. The semiconductor supply chain is showing a cluster of strong performances. Puya Semiconductor expects first-half net profit attributable to the parent of about 825 million yuan, a more than 19-fold increase year-on-year. Dosilicon expects between 640 million and 680 million yuan, swinging from a loss to a profit. Yuanjie Technology expects net profit attributable to the parent of 600 million to 650 million yuan, up about 12-fold. Lianxun Instruments expects 510 million to 580 million yuan, up over 8-fold. Amlogic expects about 608 million yuan, up 22 percent. China Micro Semicon expects about 165 million yuan, up 91 percent, covering segments from memory and optical chips to SoCs. In biopharma, OPM Biosciences expects revenue of about 450 million yuan, up roughly 1.5 times, and net profit attributable to the parent of about 124 million yuan, up around 229 percent. In new energy and new materials, Minmetals New Energy and Oulai New Materials both expect to swing from losses to profits in net profit attributable to the parent. In the low-altitude economy, AVIC UAS expects revenue of 1.58 billion to 1.68 billion yuan, a more than 2.6-fold increase. On the buyback front, Montage Technology plans to repurchase 300 million to 600 million yuan worth of shares. Kingsoft Office has set a buyback cap of 500 million yuan and has already repurchased about 75 million yuan. Segway-Ninebot has cumulatively repurchased about 220 million yuan. Hoymiles Power Electronics' buyback ratio has exceeded 1 percent. Baimtec Material completed about 100 million yuan in buybacks using over-raised funds. Wasion Information completed 50 million yuan in buybacks. Controlling shareholders of Puya Semiconductor and Biwin Storage have proactively proposed buybacks. Market participants say the intensive buybacks and positive earnings forecasts reflect the growing quality of hard-tech companies and the accelerating release of industrial clustering effects.

Ninebot announced that as of July 17, 2026, it had repurchased 5.71 million depositary receipts, representing 0.78% of the total, for a total amount of 220 million yuan, at a price range of 36.47 yuan to 41.5 yuan per receipt. In the first quarter of 2026, the company achieved revenue of 5.87 billion yuan and net profit attributable to the parent of 203 million yuan.