On the 9th, the company sold 329700 electric two-wheelers in the third quarter, and its revenue increased by 97.42% over the same period last year.

CTOnews.com October 25 news, No. 9 Co., Ltd. today released the third quarter report of 2022, with operating income of 2.812 billion yuan in the third quarter, an increase of 13.20 percent over the same period last year. Net profit belonging to shareholders of listed companies was 138 million yuan, up 2.77 percent from the same period last year. The growth rate in the third quarter was higher than that in the previous three quarters as a whole.

The revenue of the company in the first three quarters of the 9th was 7.632 billion yuan, up 5.97% from the same period last year; the net profit belonging to shareholders of the listed company was 394 million yuan, up 1.37% from the same period last year.

CTOnews.com learned that the third quarter operating income of Company 9 is divided by sales channel as follows:

1. The sales revenue of independent brands is 1.879 billion yuan, an increase of 36.56% over the same period last year. Of these, 329700 electric two-wheelers were sold, with an income of 1.075 billion yuan, an increase of 97.42 percent over the same period last year; 287100 independent-brand retail scooters were sold, with an income of 617 million yuan, an increase of 29.25 percent over the same period last year; and other income was 187 million yuan.

2. The sales revenue of ToB products was 637 million yuan, an increase of 60.81% over the same period last year.

3. The distribution revenue of Xiaomi customized products was 296 million yuan, down 58.47% from the same period last year.

On August 31, the company announced that the cumulative actual sales and shipments of intelligent electric two-wheelers in China exceeded 1 million. From May 2020 to August 2022, it took Electric 9 more than two years to achieve a leap in sales of high-end smart electric two-wheelers from 1 to 1 million.

The No. 9 smart electric two-wheeler set an industry record of more than 100000 in its first year on the market in 2020, and then reached 420000 in 2021, an increase of nearly 300 percent year-on-year, according to official data.