Brief Introduction

Ninebot Limited was established in 2014. Ninebot Limited is a high-tech enterprise focused on smart mobility and service robots. Integrating design, R&D, manufacturing, sales and service of intelligent short-distance transporters, Ninebot Limited has developed an extensive product lines including self-balancing scooters, electric scooters, smart service robots, etc.

Ninebot Limited owns over 1,000 basic core patents in global industries, with core products being distributed in more than 100 countries and regions around the world. It has established partnerships with numerous global companies and renowned brands in mobility area including Lamborghini, Ferrari, Ford Motor, BMW and Spin. With continuous development over years and the mission to "simplify the movement of people and objects, and make life more convenient", Ninebot Limited has accumulated relative advantages in intelligent technology innovation, industrial design, supply chain management, scale and branding, and expanded the business to areas including smart delivery robots, electric motorcycle, electric bike and all-terrain vehicles.

Company Overview

Full name Ninebot Limited
Abbreviations Ninebot
Code 689009
Founded 10 December 2014
Listing 29 October 2020
Domicile Cayman Islands
Website www.ninebot.com
www.segway.com
www.segwayrobotics.com
Email ir@ninebot.com
STAR Theme High-end Equipment
CSRCSector C39 Manufacturing of computers, communications and other electronic equipment
Has weighted voting rights structure? Y

Financials

Highlights

  2019 2018 2017
Earnings Per Share -10.35 -65.88 -22.91
EarningsPer CDR -1.03 -6.59 -2.29
R&D expenditure as a % of operating revenue 6.91% 2.90% 6.61%
Operating Revenue 4,585.89 4,247.65 1,381.30
Net Income -454.85 -1,803.96 -627.12

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 4,585.89 4,247.65 1,381.30
Operating Costs 3,328.53 3,021.85 1,053.34
Operating Income 1,257.36 1,225.80 327.96
Pretax Income -400.20 -1,695.77 -621.19
Income Tax 54.65 108.19 5.93
Net Income -454.85 -1,803.96 -627.12

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 2,350.39 3,141.67 1,488.95
Non-current Assets-Total 958.90 553.96 463.15
Total Assets 3,309.29 3,695.63 1,952.10
Liabilities
Current Liabilities-Total 1,039.36 6,027.36 521.81
Non-current Liabilities-Total 150.31 904.27 2,696.10
Total Liabilities 1,189.67 6,931.63 3,217.91
Stockholder's Equity
Share Capital 5,866.15 76.82 68.16
Retained Profits -3,746.53 -3,312.82 -1,333.97
Total Owners' Equity 2,119.62 -3,236.00 -1,265.81

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 251.28 376.61 137.48
Net Cash Flows-Investing -358.55 218.93 -333.17
Net Cash Flows-Financing 13.23 57.67 381.17

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Sequoia Capital China GF Holdco III-A, Ltd. 106.47 15.12%
People Better Limited 69.12 9.82%
Shunwei TMT III Limited 69.12 9.82%
Hctech II L.P. 51.61 7.33%
Putech Limited 46.41 6.59%
Cidwang Limited 45.95 6.53%
WestSummit Global Technology Fund, L.P. 35.29 5.01%
Wtmtech Limited 31.11 4.42%
Hctech I L.P. 22.85 3.25%
INTEL CAPITAL CORPORATION 21.05 2.99%
28 Oct 2020

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