The Sci-Tech Innovation 50 Index fell over 1%, Ninebot and Piotech dropped over 5%, and Cambricon fell over 3%

Ninebot Q3 Net Profit Up 45.9% Y/Y

Ninebot Ltd (689009.SS):SAYS Q3 NET PROFIT UP 45.9% Y/Y

Ninebot: Plans to distribute a cash dividend of 300 million yuan for the mid-term depositary receipts in 2025

Ninebot announced that it will distribute a total cash dividend of 300 million yuan to all shareholders in mid-2025, with a distribution of 4.2073 yuan per share. This distribution plan has been approved at the first extraordinary general meeting of shareholders in 2025, with the ex-dividend date and cash dividend payment date set for October 31

Ninebot: Share repurchase completed, will implement differentiated equity distribution for the first half of 2025

Ninebot announced that it has completed its share repurchase, with a repurchase amount of 300 million to 500 million yuan, and the repurchase price not exceeding 58 yuan per share, with a duration of 12 months. As of April 1, 2024, it has repurchased 11.4978 million shares, holding 3.4097 million shares, accounting for 0.47537% of the total. The company plans to implement a differentiated equity distribution in the first half of 2025, distributing a cash dividend of 4.2073 yuan for every 10 shares, totaling 300 million yuan

JINGU signed a strategic cooperation framework agreement with Ninebot Technology Co., Ltd

JINGU signed a strategic cooperation framework agreement with Ninebot Technology Co., Ltd. Both parties will jointly develop lightweight and high-strength materials to replace traditional structures, responding to the national electric bicycle safety technical specifications' plastic restriction requirements. Ninebot will leverage its technological advantages in the fields of smart short-distance transportation and service robots to assist JINGU in advancing the application of new materials and enhancing competitiveness in the electric transportation sector. This agreement will help JINGU form a new material product matrix and strengthen its comprehensive competitiveness in the high-end manufacturing field