Will Ninebot become the next DJI?

After entering August, it is once again the season of gathering semi annual reports.

According to the just released semi annual report, Ninebot earned 6.6 billion yuan in the first half of the year, with a net profit of 596 million yuan, a year-on-year increase of 52% in revenue, and a net profit growth of 168%.

In the current environment, such good performance is rare, and such good companies are also scarce. As soon as the performance is announced, the secondary market also surged by 10%, and the total market value of the company now exceeds 32 billion.

1. Both Ninebot and DJI are companies that produce technology products;

2. DJI's overseas business has developed very well, and in terms of revenue proportion, the overseas revenue proportion of Ninebot has almost reached half.

In the first half of this year, the revenue of lawn mowing robots was 449 million, a threefold increase. Mainly sold to Europe and US.

Lawn mowing robots are very similar to floor sweeping robots, and the market space for lawn mowing robots may not necessarily be larger, so the future valuation situation is still difficult to say.