Segway-Ninebot reported first-half 2026 revenue of 14.36 billion yuan, up 22.28% from a year earlier, while attributable net profit fell 18.79% to 1.01 billion yuan as foreign exchange losses linked to RMB fluctuations weighed on earnings. The company posted especially strong second-quarter results, with revenue of 8.49 billion yuan rising 28.03% year over year and attributable net profit reaching 805 million yuan. Growth was led by upgrades to core products and wider sales channels, with the electric two-wheeler business remaining the company’s main revenue pillar. First-half smart electric two-wheeler sales reached 2.844 million units, up 19%, generating 7.49 billion yuan in revenue, up 10%. Segway-Ninebot also expanded its China retail footprint to more than 11,500 franchise stores across over 2,200 counties and cities by the end of the reporting period. Profitability was hit mainly by financial expenses rather than operations. RMB exchange-rate moves produced a foreign exchange loss of 371 million yuan in the first half, versus a foreign exchange gain of 257 million yuan in the same period of 2025, creating a swing of more than 600 million yuan in total profit. Recurring net profit fell 26.21% to 969 million yuan, while first-half R&D spending climbed 43.68% to 751 million yuan, or 5.23% of operating revenue. The company said it will continue using technological innovation as its core driver for product upgrades and global expansion, while analysts cited in the report said exchange-rate trends will remain a key factor for full-year performance.