Ninebot's profit to grow significantly in 2024

Ninebot's operating income in 2024 reached 14.2 billion yuan, a year-on-year increase of 38.9%, and its net profit reached 1.08 billion yuan, a significant year-on-year increase of 81.3%. This growth was mainly due to the rapid expansion of electric two-wheeled vehicles, lawn mowers, all-terrain vehicles and other businesses. The company's electric two-wheeled vehicle business revenue reached 7.211 billion yuan in 2024, a year-on-year increase of 70.4%, the robot business revenue reached 900 million yuan, a year-on-year increase of 254.8%, and the all-terrain vehicle business revenue reached 980 million yuan, a year-on-year increase of 39.8%.