证券代码：689009 证券简称：九号公司 公告编号：2024-103 九号有限公司 关于子公司对外投资的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 投资金额：根据目前初步筹备规划，项目总投资预计约 14.1 亿元（最终 投资金额以项目建设实际投入为准） 项目尚处于筹备启动阶段，投资总额、建设工期等均为预估数，具体数 据以实际情况为准。本次对外投资事项涉及项目的实施尚需履行有关主管部门 的审批、许可等前置审批手续。 一、对外投资概述 （一）对外投资的基本情况 根据九号有限公司（以下简称"公司"）战略发展规划，为快速推进公司 电动两轮车产品高质量发展，优化完善产能布局，提升行业竞争力，公司拟在 广东省珠海市投资建设集研发、生产、销售为一体的智能电动车华南基地项目。 本项目总投资约 14.1 亿元，最终投资金额以项目建设实际投入为准。 （二）对外投资的决策与审批程序 公司于 2024 年 12 月 26 日召开第二届董事会第二十八次会议，审议通过 《关于子公司对外投资的议案》。为确保本项目尽快启动并顺利开展，公司董 事 ...

关于 2021 年限制性股票激励计划预留授予部分 第一个归属期归属条件成就的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 本次拟归属的限制性股票对应存托凭证数量：9,373.8 股限制性股票对应 的 93,738 份存托凭证； 归属股票来源：九号有限公司（以下简称"公司"）向存托人发行 A 类普 通股，再由存托人向激励对象定向签发公司存托凭证和/或从二级市场回购的存 托凭证。 一、本次股权激励计划批准及实施情况 （一）本次限制性股票激励计划的主要内容 证券代码：689009 证券简称：九号公司 公告编号：2024-104 九号有限公司 1、股权激励方式：第二类限制性股票对应的存托凭证。 2、授予数量：本激励计划预留授予 3.1847 万股限制性股票对应 31.8470 万份存托凭证（按照 1 股/10 份存托凭证的比例进行转换），占授予时公司存托 凭证总份数的 0.05%。 3、授予价格（调整后）：18.6602 元/份。 4、激励人数：5 人。 5、预留授予限制性股票对应存托凭证的具体归属安排如下： ...

证券代码：689009 证券简称：九号公司 公告编号：2024-100 九号有限公司 员工认股期权计划第二次行权限售存托凭证 上市流通公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次存托凭证上市类型为股权激励存托凭证；存托凭证认购方式为网下，上 市存托凭证数量为 3,198,790 份。 本次存托凭证上市流通总数为 3,198,790 份，占公司存托凭证总数的比例为 0.45%，限售期为自行权之日起三年。 本次存托凭证上市流通日期为 2024 年 12 月 30 日。 一、本次境内限售存托凭证上市类型 截至 2019 年 4 月 2 日，2015 年期权计划、2019 年期权计划、创始人期权计 划已全部授予完毕，目前尚未行权完毕。其中 2015 年期权计划和 2019 年期权计 划行权条件为，如本公司在中国境内成功上市，则员工所有尚未达到可行权条件 的股票期权于本公司成功在中国境内上市时（"加速日"）立即可行权并按照约 定的行权价格取得本公司股份。创始人期权计划行权条件为公司上市成功。2015 年 ...

国泰君安证券股份有限公司 关于九号有限公司 员工认股期权计划第二次行权限售存托凭证 上市流通的核查意见 国泰君安证券股份有限公司（以下简称"国泰君安"或"保荐机构"）作为 九号有限公司（以下简称"九号公司"或"公司"）公开发行存托凭证并在科创 板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所 科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号 ——规范运作》等有关规范性文件的要求，对九号公司员工认股期权计划第二次 行权限售存托凭证上市流通的事项进行了审慎核查，核查情况如下： 一、本次境内限售存托凭证上市类型 2015 年 1 月 27 日，公司召开了董事会和股东大会，决议通过了 2015 年员 工股票期权计划（简称"2015 年期权计划"）。2019 年 4 月 2 日，公司召开了董事 会和股东大会，决议通过了 2019 年员工股票期权计划（简称"2019 年期权计划"） 和创始人期权计划。 截至 2019 年 4 月 2 日，2015 年期权计划、2019 年期权计划、创始人期权计 划已全部授予完毕，目前尚未行权完毕。其中 2015 年期权计划和 2019 年期权 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 47.93 [1][176][177] Core Views - The company is positioned to benefit from the "old-for-new" policy and new safety standards, which are expected to drive the high-end electric two-wheeler market and robust growth in the lawn mower business [1][3][4] - The electric two-wheeler segment has become a new foundation for growth, with strong product capabilities and rapid expansion of offline stores supporting growth [1][3][12] - The lawn mower segment is anticipated to replicate the growth trajectory of robotic vacuum cleaners, with strong product and channel support driving significant growth [1][3][12] Summary by Sections Electric Two-Wheelers - The industry is catalyzed by the "old-for-new" policy and new safety standards, with product optimization and the development of instant retail enabling long-term growth [1][3][17] - The company has a strong product lineup focused on high-end, intelligent, and long-range capabilities, with offline stores rapidly expanding [1][3][12] - The market for electric two-wheelers is expected to grow significantly, with a projected CAGR of 7% from 2023 to 2028 [1][17] Lawn Mowers - The global demand for lawn maintenance is substantial, particularly in Europe and the US, where the market for lawn mowers is expected to expand significantly [1][3][107] - The company has successfully sold its smart lawn mowers in over 30 countries and has become a leading brand in the market [1][3][139] - The report estimates that the global lawn mower market could reach $4 billion by 2030, with a CAGR of 14.8% [1][122] Financial Projections - The company is expected to achieve significant revenue growth, with projected revenues of 14.02 billion, 18.93 billion, and 23.63 billion for 2024, 2025, and 2026 respectively [1][4][163] - The net profit is projected to reach 1.10 billion, 1.71 billion, and 2.26 billion for the same years [1][4][163] Market Positioning - The company is well-positioned in the high-end market, with a strong brand presence and product capabilities that align with industry trends [1][3][12] - The report highlights the company's competitive advantages in product performance, safety, and intelligent features, which are expected to drive market share growth [1][3][12] Research and Development - The company has a robust R&D capability, with a significant increase in R&D personnel and investment, supporting its innovation in smart transportation and service robots [1][3][59] - The collaboration with NVIDIA to develop autonomous mobile robots is expected to enhance the company's technological capabilities and market reach [1][3][151]

证券代码：689009 证券简称：九号公司 公告编号：2024-099 九号有限公司 存托凭证持有人减持存托凭证结果公告 本公司董事会、全体董事及相关存托凭证持有人保证本公告内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依 法承担法律责任。 一、减持主体减持前基本情况 上述减持主体无一致行动人。 二、减持计划的实施结果 重要内容提示： 存托凭证持有人持有存托凭证的基本情况 本次减持存托凭证计划实施前，存托凭证持有人 People Better Limited （以下简称："People Better"）持有公司存托凭证 43,206,399 份，占公司存 托凭证总数的 6.03%。上述存托凭证均来源于公司公开发行前其持有的公司股票 转化的存托凭证，并已于 2021 年 10 月 29 日起上市流通。 减持计划的实施结果情况 公司于 2024 年 8 月 24 日在上海证券交易所网站(www.sse.com.cn)披露了 《九号有限公司存托凭证持有人减持存托凭证计划公告》（公告编号：2024-078）。 存托凭证持有人 People Better 计划于减持计划披露之日起 ...

Summary of Conference Call Notes Company and Industry Involved - The discussion primarily revolves around the electric two-wheeler industry and the company's operations within this sector, including electric scooters and related products. Key Points and Arguments Market Dynamics and Production - The company is currently exporting approximately $1 billion worth of products to the U.S., with a focus on retail scooters produced in Vietnam due to favorable tariff conditions [1] - The company has no immediate plans to establish manufacturing facilities in the U.S. as current export volumes do not justify the investment [1] - The company anticipates profitability this year, contrasting with a slight loss last year, and is focused on building its social team rather than immediate profit [2] Regulatory Changes and Product Development - Recent regulatory changes, including the new battery standards and certifications, are expected to stabilize the market, with the company nearing completion of necessary certifications [4] - The introduction of new models is planned in response to upcoming regulations, with several designs already in internal review [5][6] - The company is preparing for potential delays in the implementation of new national standards, which could extend the transition period [4] Sales and Market Strategy - The company aims to increase its market share, currently at a low level with only 250,000 units sold this year, targeting a revenue goal of $700 million by 2027 [24] - The company plans to expand its dealer network to approximately 9,000 by next year, up from 7,300-7,500 this year [23] - The electric two-wheeler market is projected to grow, with an estimated total market size of 50 million units [23] Product Features and Innovations - The company emphasizes its advanced technology in electric scooters, including smart features that enhance user experience and safety [33][34] - The company is exploring the integration of robotics technology into its products, aiming to differentiate itself in the competitive market [10][19] Future Outlook and Challenges - The company maintains a cautious outlook on industry growth due to uncertainties surrounding regulatory timelines and market conditions [38] - There is a recognition of potential consumer behavior changes in response to new regulations, which may lead to a temporary increase in demand for existing models before new standards are enforced [40] Collaborations and Partnerships - The company is collaborating with NVIDIA and BMW, focusing on technology integration and safety enhancements in its products [15][20] Other Important but Possibly Overlooked Content - The company is actively monitoring consumer preferences and market trends to adapt its product offerings accordingly [6][27] - There is an ongoing discussion about the impact of new regulations on production and sales strategies, with a focus on ensuring compliance while meeting market demands [41]

Investment Rating - The report gives Ninebot a "Buy" rating with a target price of 57.89 yuan/CDR, based on a 2025 PE valuation of 25x [4] Core Views - Ninebot is a global leader in smart short-distance transportation, with a diversified product portfolio including balance bikes, scooters, two-wheelers, all-terrain vehicles, and robotic lawn mowers [2] - The company's competitive advantage lies in its deep R&D expertise in underlying technologies for short-distance transportation and its strong overseas brand and channel presence through the acquisition of Segway [2] - Ninebot's revenue reached 10.22 billion yuan in 2023, with a net profit of 598 million yuan, representing a year-on-year increase of 32.50% [2] - The company's two-wheeler business is rapidly growing, contributing 50.8% of total revenue in H1 2024, with a year-on-year growth of 114.8% [3] - New businesses such as all-terrain vehicles and robotic lawn mowers are expanding rapidly in overseas markets, with H1 2024 revenue shares of 7.6% and 6.7%, respectively [3] Business Overview Main Business: Two-Wheelers and Scooters - Ninebot's two-wheeler business focuses on the high-end market, leveraging advanced smart features and trendy designs to meet the social needs of young consumers [3] - The company's two-wheeler revenue reached 3.38 billion yuan in H1 2024, accounting for 50.8% of total revenue, with a year-on-year growth of 114.8% [3] - The balance bike and scooter business has recovered from the adjustment period, with self-branded retail sales reaching 1.079 million units in 2023 and contributing 1.031 billion yuan in H1 2024, a year-on-year increase of 21.4% [3] New Businesses: All-Terrain Vehicles and Robotic Lawn Mowers - Ninebot's all-terrain vehicles target the European and American markets, with 17,700 units sold in 2023 and a revenue share of 7.6% in H1 2024 [3] - The robotic lawn mower business is also focused on overseas markets, with products offering cost-effectiveness and smart features, contributing 6.7% of revenue in H1 2024 [3] Financial Projections and Valuation - The report forecasts a 116% year-on-year growth in net profit for 2024, followed by 28% and 23% growth in 2025 and 2026, respectively [4] - The current stock price implies a 2025 PE of 20.9x, and the report assigns a 25x PE valuation for 2025, resulting in a target price of 57.89 yuan/CDR [4] Competitive Advantages - Ninebot has accumulated deep expertise in underlying technologies such as robotics, vehicle platform development, and IoT/data capabilities [2] - The acquisition of Segway in 2015 provided the company with a strong overseas brand and channel presence, facilitating global market expansion [2] - The company's high R&D investment and extensive patent portfolio further strengthen its competitive position in the smart short-distance transportation industry [54]

上市公司: 九号有限公司 股票上市地: 上海证券交易所 股票简称:九号公司 九号有限公司 简式权益变动报告书 四、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反公司 章程或内部规则中的任何条款，或与之相冲突。 股票代码 : 689009 信息披露义务人: People Better Limited 公司住址： Vistra Corporate Services Centre,Wickhams Cay II,Road Town,Tortola,VG1110,British Virgin Islands 通讯地址：北京市海淀区西二旗中路33号小米移动互联网产业园 股份变动性质:持有存托凭证比例降至5%以下 签署日期: 2024 年 12 月 10 日 l 声 明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公司收购管 理办法》《公开发行证券的公司信息披露内容与格式准则第15号—权益变动报告书》 等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反信息 披露义务人章程或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》《上市 ...

证券代码：689009 证券简称：九号公司 公告编号：2024-098 九号有限公司 关于 5%以上存托凭证持有人权益变动的提示性公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 九号有限公司（以下简称"公司"）于近日收到公司存托凭证持有人 People Better 出具的《简式权益变动报告书》，现将本次权益变动情况公告如下： 一、本次权益变动基本情况 | 企业名称 | People Better Limited | | --- | --- | | 注册地 | Vistra Corporate Services Centre,Wickhams Cay II, | | | Road Town,Tortola,VG1110,British Virgin Islands | | 法定代表人/ 主要负责人 | 林世伟（LAM SAI WAI LAIN） | | 注册证明书编号 | 1820881 | | 企业类型 | BVI 商事公司 | （一）信息披露义务人的基本信息 重要内容提示： 本次权益变动属于被动稀释和存托凭证持有人 ...