Segway-Ninebot Reports 22% Revenue Growth to 14.358 Billion Yuan in H1, but Net Profit Slips 19% Year-over-Year

On August 12, it was reported that Segway-Ninebot released its 2026 semi-annual report on August 11, showing that the company's total revenue reached 14.358 billion yuan in the first half of the year, up 22.28% year-over-year. The revenue growth was mainly driven by product iteration and channel expansion of core categories such as electric two-wheelers, direct-to-consumer e-scooters, all-terrain vehicles and robotic lawn mowers. Among them, sales of electric two-wheelers reached 1.6164 million units, generating revenue of 4.112 billion yuan; direct-to-consumer e-scooter sales hit 527,100 units, bringing in 1.176 billion yuan in revenue, with cumulative shipments exceeding 16 million units; all-terrain vehicle sales stood at 10,300 units, contributing 424 million yuan in revenue. However, the company faced pressure on profitability during the reporting period: total profit reached 1.221 billion yuan, down 29.17% year-over-year; net profit attributable to shareholders of the listed company was 1.008 billion yuan, down 18.79% year-over-year; non-GAAP net profit (excluding non-recurring gains and losses) was 969 million yuan, down 26.21% year-over-year. 【Source: Ebrun Go, an automated writing robot developed by Ebrun that delivers real-time e-commerce industry insights powered by algorithms. This tool is still in its early stages of development. You are welcome to contact run@ebrun.com or leave a message to help it improve.】