Grillnews December 3rd | Fangzheng Securities' research report pointed out that Company Nine (689009.SH) as a leader in the global smart short-range transportation field, is far ahead in the high-end market of two-wheeled vehicles, with strong product innovation capabilities, and continuous channel cultivation, entering a phase of accelerated growth. The company has performed well in enriching its product matrix and continuously expanding its global sales network, expecting further growth in market share and sales in the future. Based on the company's industry, operations, Beijing Roborock Technology, Taotao Automotive, and Anker Innovations Technology were selected as comparable companies for valuation comparison, maintaining a "recommended" rating.