Brief Introduction

Ninebot Limited is a smart mobility company with two prominent brands, Ninebot and Segway. With an international perspective and the mission to “simplify the movement of people and objects, and make life more convenient and fun”, Ninebot is dedicated to leading the innovation of short-distance transportation and robotics.

As a high-tech enterprise integrating R&D, manufacturing, sales and service, Ninebot owns over 2,400 patents in global industries which have been applied to products including self-balancing scooter, kickscooter, electric moped, all-terrain vehicle, electric go-kart, mecha kit, delivery robot and intelligent shared scooter. Ninebot strives to fulfill diverse and personal needs of customers, and to stay at the forefront of development of the industry.

On October 29th, 2020, Ninebot Limited (Stock Code: 689009) rang the bell in celebration of its IPO on STAR Market of Shanghai Stock Exchange, and became China's first public company in the structure of VIE and CDR.

Company Overview

Full name Ninebot Limited
Abbreviations Ninebot
Code 689009
Founded 2014-12-10
Listing 2020-10-29
Domicile Grand Cayman, Cayman Islands
Website www.ninebot.com
www.segway.com
www.segwayrobotics.com
Email ir@ninebot.com
STAR Theme High-end Equipment
CSRC Sector C39 Manufacturing of computers, communications and other electronic equipment
Has weighted voting rights structure? Y

Financials

Highlights

  2020 2019 2018
Earnings Per Share 1.17 -10.35 -65.88
EarningsPer CDR 0.12 -1.03 -6.59
R&D expenditure as a % of operating revenue 7.70% 6.91% 2.90%
Operating Revenue 6,002.74 4,585.89 4,247.65
Net Income 73.47 -454.85 -1,803.96

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 6,002.74 4,585.89 4,247.65
Operating Costs 4,340.55 3,328.53 3,021.85
Operating Income 1,662.19 1,257.36 1,225.80
Pretax Income 152.20 -400.20 -1,695.77
Income Tax 78.72 54.65 108.19
Net Income 73.47 -454.85 -1,803.96

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 5,363.56 2,350.39 3,141.67
Non-current Assets-Total 1,194.08 958.90 553.96
Total Assets 6,557.64 3,309.29 3,695.63
Liabilities
Current Liabilities-Total 2,710.88 1,039.36 6,027.36
Non-current Liabilities-Total 149.98 150.31 904.27
Total Liabilities 2,860.86 1,189.67 6,931.63
Stockholder's Equity
Share Capital 7,406.06 5,866.15 76.82
Retained Profits -3,709.28 -3,746.53 -3,312.82
Minority Interests 0 0 0
Total Owners' Equity 3,696.78 2,119.62 -3,236.00

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 896.35 251.28 376.61
Net Cash Flows-Investing -1,107.91 -358.55 218.93
Net Cash Flows-Financing 1,453.93 13.23 57.67

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%
As of 2021-3-31

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