Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.15, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Auto industry in China. Total returns to shareholders of 7.1% over the past three years. Aankondiging • Jun 30
Ninebot Limited to Report First Half, 2026 Results on Aug 11, 2026 Ninebot Limited announced that they will report first half, 2026 results on Aug 11, 2026 Aankondiging • Jun 05
Ninebot Limited, Annual General Meeting, Jun 26, 2026 Ninebot Limited, Annual General Meeting, Jun 26, 2026, at 14:00 China Standard Time. Price Target Changed • May 03
Price target decreased by 9.0% to CN¥65.08 Down from CN¥71.50, the current price target is an average from 10 analysts. New target price is 49% above last closing price of CN¥43.74. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥2.85 for next year compared to CN¥2.47 last year. Reported Earnings • May 01
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: CN¥0.28 (down from CN¥0.64 in 1Q 2025). Revenue: CN¥5.87b (up 15% from 1Q 2025). Net income: CN¥203.4m (down 55% from 1Q 2025). Profit margin: 3.5% (down from 8.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥26.8b to CN¥25.3b. EPS estimate also fell from CN¥3.08 per share to CN¥2.60 per share. Net income forecast to grow 6.2% next year vs 41% growth forecast for Auto industry in China. Consensus price target down from CN¥71.29 to CN¥68.45. Share price was steady at CN¥43.74 over the past week. Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥27.2b to CN¥26.3b. EPS estimate also fell from CN¥3.49 per share to CN¥3.04 per share. Net income forecast to grow 24% next year vs 31% growth forecast for Auto industry in China. Consensus price target down from CN¥76.28 to CN¥74.12. Share price was steady at CN¥44.77 over the past week. Aankondiging • Mar 30
Ninebot Limited to Report Q1, 2026 Results on Apr 30, 2026 Ninebot Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: CN¥2.44 (vs CN¥1.53 in FY 2024) Full year 2025 results: EPS: CN¥2.44 (up from CN¥1.53 in FY 2024). Revenue: CN¥21.3b (up 50% from FY 2024). Net income: CN¥1.75b (up 62% from FY 2024). Profit margin: 8.2% (up from 7.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 26
Ninebot Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Ninebot Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.78 (up from CN¥0.52 in 3Q 2024). Revenue: CN¥6.65b (up 57% from 3Q 2024). Net income: CN¥545.5m (up 46% from 3Q 2024). Profit margin: 8.2% (down from 8.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 30
Ninebot Limited to Report Q3, 2025 Results on Oct 25, 2025 Ninebot Limited announced that they will report Q3, 2025 results on Oct 25, 2025 Major Estimate Revision • Aug 08
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥19.5b to CN¥20.7b. EPS estimate increased from CN¥2.45 to CN¥2.79 per share. Net income forecast to grow 28% next year vs 38% growth forecast for Auto industry in China. Consensus price target up from CN¥74.60 to CN¥76.33. Share price rose 6.8% to CN¥62.61 over the past week. Reported Earnings • Aug 05
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CN¥1.09 (up from CN¥0.65 in 2Q 2024). Revenue: CN¥6.63b (up 62% from 2Q 2024). Net income: CN¥785.5m (up 71% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 02
Price target increased by 7.8% to CN¥75.60 Up from CN¥70.10, the current price target is an average from 8 analysts. New target price is 29% above last closing price of CN¥58.64. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥1.53 last year. Buy Or Sell Opportunity • Jul 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to CN¥60.52. The fair value is estimated to be CN¥75.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Buy Or Sell Opportunity • Jul 03
Now 24% overvalued Over the last 90 days, the stock has fallen 2.1% to CN¥61.65. The fair value is estimated to be CN¥49.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Aankondiging • Jun 30
Ninebot Limited to Report First Half, 2025 Results on Aug 02, 2025 Ninebot Limited announced that they will report first half, 2025 results on Aug 02, 2025 Price Target Changed • Jun 09
Price target increased by 7.8% to CN¥75.54 Up from CN¥70.10, the current price target is an average from 7 analysts. New target price is 20% above last closing price of CN¥62.78. Stock is up 63% over the past year. The company is forecast to post earnings per share of CN¥2.49 for next year compared to CN¥1.53 last year. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Dandan Xu was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 30
Price target increased by 7.3% to CN¥69.34 Up from CN¥64.64, the current price target is an average from 9 analysts. New target price is 11% above last closing price of CN¥62.75. Stock is up 69% over the past year. The company is forecast to post earnings per share of CN¥2.34 for next year compared to CN¥1.53 last year. Aankondiging • Apr 20
Ninebot Limited, Annual General Meeting, May 09, 2025 Ninebot Limited, Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: Building A4, No. 66, Xixiaokou Road, Haidian District, Beijing China Reported Earnings • Apr 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥1.52 (up from CN¥0.84 in FY 2023). Revenue: CN¥14.2b (up 39% from FY 2023). Net income: CN¥1.08b (up 81% from FY 2023). Profit margin: 7.6% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 15
Price target increased by 8.7% to CN¥64.64 Up from CN¥59.45, the current price target is an average from 9 analysts. New target price is 11% above last closing price of CN¥58.35. Stock is up 102% over the past year. The company is forecast to post earnings per share of CN¥2.29 for next year compared to CN¥1.52 last year. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥53.29, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Auto industry in China. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.50 per share. Aankondiging • Mar 28
Ninebot Limited to Report Q1, 2025 Results on Apr 30, 2025 Ninebot Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥1.52 (up from CN¥0.84 in FY 2023). Revenue: CN¥14.2b (up 39% from FY 2023). Net income: CN¥1.09b (up 82% from FY 2023). Profit margin: 7.7% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 27
Ninebot Limited to Report Fiscal Year 2024 Results on Mar 29, 2025 Ninebot Limited announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.52 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥4.24b (up 35% from 3Q 2023). Net income: CN¥374.0m (up 139% from 3Q 2023). Profit margin: 8.8% (up from 5.0% in 3Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥44.36, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Auto industry in China. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.41 per share. Aankondiging • Sep 30
Ninebot Limited to Report Q3, 2024 Results on Oct 29, 2024 Ninebot Limited announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥48.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Auto industry in China. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.07 per share. Major Estimate Revision • Aug 08
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥13.6b to CN¥14.0b. EPS estimate increased from CN¥1.24 to CN¥1.39 per share. Net income forecast to grow 67% next year vs 32% growth forecast for Auto industry in China. Consensus price target up from CN¥44.33 to CN¥48.38. Share price rose 9.1% to CN¥44.70 over the past week. Price Target Changed • Aug 07
Price target increased by 7.2% to CN¥47.53 Up from CN¥44.33, the current price target is an average from 7 analysts. New target price is 6.6% above last closing price of CN¥44.58. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥1.33 for next year compared to CN¥0.84 last year. Aankondiging • Jun 29
Ninebot Limited to Report First Half, 2024 Results on Aug 07, 2024 Ninebot Limited announced that they will report first half, 2024 results on Aug 07, 2024 Price Target Changed • Jun 25
Price target increased by 11% to CN¥44.33 Up from CN¥40.00, the current price target is an average from 6 analysts. New target price is 13% above last closing price of CN¥39.27. Stock is up 9.8% over the past year. The company is forecast to post earnings per share of CN¥1.24 for next year compared to CN¥0.84 last year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥43.40, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Auto industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.22 per share. Major Estimate Revision • May 01
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥13.2b to CN¥13.5b. EPS estimate increased from CN¥1.08 to CN¥1.23 per share. Net income forecast to grow 22% next year vs 28% growth forecast for Auto industry in China. Consensus price target up from CN¥38.38 to CN¥40.00. Share price rose 17% to CN¥37.21 over the past week. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.30, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 14x in the Auto industry in China. Total loss to shareholders of 47% over the past three years. Reported Earnings • Apr 05
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.84 (up from CN¥0.64 in FY 2022). Revenue: CN¥10.2b (up 1.0% from FY 2022). Net income: CN¥598.0m (up 33% from FY 2022). Profit margin: 5.9% (up from 4.5% in FY 2022). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Aankondiging • Mar 29
Ninebot Limited to Report Q1, 2024 Results on Apr 25, 2024 Ninebot Limited announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥31.80, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 12x in the Auto industry in China. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥28.04, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 11x in the Auto industry in China. Total loss to shareholders of 71% over the past three years. Aankondiging • Jan 27
Ninebot Limited (SHSE:689009) announces an Equity Buyback for CNY 500 million worth of its shares. Ninebot Limited (SHSE:689009) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its Chinese Depository Receipts (CDR’s). The shares will be purchased at a price not exceeding CNY 58 per share. The repurchased shares will be used for equity incentive plans or employee stock ownership plans. The program will be funded from company's own funds. The program will be valid for 12 months. New Risk • Jan 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Board Change • Jan 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Dandan Xu was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.20 in 3Q 2022). Revenue: CN¥3.15b (up 12% from 3Q 2022). Net income: CN¥156.4m (up 13% from 3Q 2022). Profit margin: 5.0% (up from 4.9% in 3Q 2022). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.18 in 2Q 2022). Revenue: CN¥2.72b (up 13% from 2Q 2022). Net income: CN¥204.9m (up 60% from 2Q 2022). Profit margin: 7.5% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto industry in China. Aankondiging • Jun 28
Ninebot Limited to Report First Half, 2023 Results on Aug 18, 2023 Ninebot Limited announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.024 (vs CN¥0.18 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.024 (down from CN¥0.18 in 1Q 2022). Revenue: CN¥1.66b (down 31% from 1Q 2022). Net income: CN¥17.5m (down 86% from 1Q 2022). Profit margin: 1.1% (down from 5.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto industry in China. Reported Earnings • Mar 01
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.63 (up from CN¥0.58 in FY 2021). Revenue: CN¥10.1b (up 11% from FY 2021). Net income: CN¥445.7m (up 8.5% from FY 2021). Profit margin: 4.4% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Auto industry in China. Major Estimate Revision • Dec 06
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥10.9b to CN¥10.4b. EPS estimate also fell from CN¥0.85 per share to CN¥0.74 per share. Net income forecast to grow 93% next year vs 34% growth forecast for Auto industry in China. Consensus price target down from CN¥55.70 to CN¥51.09. Share price rose 5.5% to CN¥35.21 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Hongfei Zhao was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorated over the past week After last week's 27% share price decline to CN¥32.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Auto industry in China. Total loss to shareholders of 49% over the past year. Price Target Changed • Oct 26
Price target decreased to CN¥55.70 Down from CN¥61.62, the current price target is an average from 5 analysts. New target price is 62% above last closing price of CN¥34.45. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥0.85 for next year compared to CN¥0.58 last year. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.19 in 3Q 2021). Revenue: CN¥2.81b (up 13% from 3Q 2021). Net income: CN¥138.1m (up 2.8% from 3Q 2021). Profit margin: 4.9% (down from 5.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto industry in China. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥12.4b to CN¥11.6b. EPS estimate also fell from CN¥1.10 per share to CN¥0.99 per share. Net income forecast to grow 120% next year vs 40% growth forecast for Auto industry in China. Consensus price target up from CN¥57.36 to CN¥61.62. Share price fell 6.0% to CN¥51.28 over the past week. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.33 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.33 in 2Q 2021). Revenue: CN¥2.90b (down 1.3% from 2Q 2021). Net income: CN¥217.1m (down 5.0% from 2Q 2021). Profit margin: 7.5% (down from 7.8% in 2Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 19% growth forecast for the Auto industry in China. Price Target Changed • Aug 17
Price target increased to CN¥61.62 Up from CN¥57.36, the current price target is an average from 5 analysts. New target price is 17% above last closing price of CN¥52.50. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.58 last year. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥44.12, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Auto industry in China. Total loss to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.73 per share. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥43.79, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Auto industry in China. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.22 per share. Price Target Changed • Apr 27
Price target decreased to CN¥62.54 Down from CN¥75.54, the current price target is an average from 4 analysts. New target price is 79% above last closing price of CN¥35.00. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥1.10 for next year compared to CN¥0.58 last year. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.58 (up from CN¥0.12 in FY 2020). Revenue: CN¥9.15b (up 52% from FY 2020). Net income: CN¥410.6m (up 459% from FY 2020). Profit margin: 4.5% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 38%, compared to a 14% growth forecast for the industry in China. Price Target Changed • Apr 15
Price target decreased to CN¥75.54 Down from CN¥85.71, the current price target is an average from 4 analysts. New target price is 88% above last closing price of CN¥40.20. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥1.15 for next year compared to CN¥0.59 last year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥43.83, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Auto industry in China. Total loss to shareholders of 29% over the past year. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: CN¥9.13b (up 52% from FY 2020). Net income: CN¥414.9m (up 465% from FY 2020). Profit margin: 4.5% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 52%, compared to a 30% growth forecast for the industry in China. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.29 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.48b (up 7.2% from 3Q 2020). Net income: CN¥134.3m (down 21% from 3Q 2020). Profit margin: 5.4% (down from 7.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.94b (up 118% from 2Q 2020). Net income: CN¥228.5m (up CN¥203.1m from 2Q 2020). Profit margin: 7.8% (up from 1.9% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥1.04 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.00b (up 31% from FY 2019). Net income: CN¥73.5m (up CN¥528.3m from FY 2019). Profit margin: 1.2% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥61.72 The company is down 10.0% from its price of CN¥68.75 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto industry, which is down 12% over the same period. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥1.04 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.00b (up 31% from FY 2019). Net income: CN¥73.3m (up CN¥528.2m from FY 2019). Profit margin: 1.2% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 33%, compared to a 29% growth forecast for the Auto industry in China. Aankondiging • Oct 30
Ninebot Limited has completed an IPO in the amount of CNY 133.354968 million. Ninebot Limited has completed an IPO in the amount of CNY 133.354968 million.
Security Name: Class A Common Shares
Security Type: Common Stock
Securities Offered: 7,040,917
Price\Range: CNY 18.94
Discount Per Security: CNY 1.0417
Transaction Features: Sponsor Backed Offering 
