# Taking Nine as a Sample: The Two-Wheeled EV Industry Has Reached the De-Storytelling Stage

- Source: 钛媒体
- Published: 2026-11-02T03:29:00.000Z
- RoboHot: https://robohot.news/en/items/iwyqj4qci6zo0igx5kfd6m1bg
- Original: https://www.tmtpost.com/8189706.html

## Summary

Nine Company reported third-quarter revenue of 7.585 billion yuan, up 14.1% year on year, and net profit attributable to shareholders of 343 million yuan, but profit declined in the first three quarters and its valuation fell back to the industry midpoint. In the first half of the year, electric two-wheeler sales reached 2.844 million units, up 19% year on year, driven by entry-level lead-acid models trading price for volume, with gross profit per unit falling from about 676 yuan to 453 yuan; the lawn-mower robot business had revenue of 3.655 billion yuan, up 66% year on year, with a gross margin of 46.57%, but was weighed down by rising raw material prices and investment in overseas channels.