Taotao Vehicles' first-half net profit attributable to parent rises 57.94% year on year

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.

The Ministry of Transport has proposed to the committee vetting the use of loans under the emergency decree authorizing 200 billion baht in borrowing, requesting budget allocation for two projects totaling approximately 30 billion baht. These include the DLT Support Phase 2 project, worth 6 billion baht, to assist transport operators with fuel costs, and the project to transition seven groups of public vehicles to electric, hybrid, or biodiesel-compatible vehicles such as B20, worth 24 billion baht. This covers taxis, public motorcycles, tricycle taxis, regular and non-regular buses, school buses, and freight trucks. Deputy Transport Minister Siripong Angkhasakulkiat said that if approved, the DLT Phase 2 project could proceed immediately, while the energy transition project is expected to start as early as October 2026. However, if not supported, it may be proposed as a phased plan in the 2028 budget.

Gosuncn released its 2026 semi-annual report on the evening of August 28. In the first half of the year, it achieved operating revenue of 966 million yuan, up 7.76% year on year, and net profit attributable to the parent company of 32.83 million yuan, up 24.87% year on year. The vehicle-mounted terminal business was the main source of revenue growth, with first-half revenue of 508 million yuan and a compound growth rate of more than 50% over the past three years. Among this, shipments of T-box products exceeded 550,000 units, up 25%, overseas shipments surpassed 100,000 units, and the company secured 23 new project designations in China, as well as a new designation from the globally renowned Tier 1 supplier Harman. Overseas business grew rapidly, with first-half overseas revenue of 207 million yuan, up 35.93%, and its share of total revenue rose to 21%. In addition, the digital license plate business for electric bicycles saw a market breakout, with the company winning related projects worth more than 55 million yuan, accounting for over 50% of the public tender market share, and expanding its business to more than 40 cities nationwide. The company's net cash flow from operating activities reached 119 million yuan, up 313.41% year on year.