From Yahoo Finance: 2025-05-19 07:55:00

Niu Technologies reported a 35.1% revenue growth in the fiscal first-quarter to 682.0 million Chinese yuan. Sales volume increased by 57.4%, with 203,313 e-scooters sold, 66.2% in China and 6.4% internationally. The quarterly gross margin declined to 17.3%. Operating loss was 46.58 million Chinese yuan.

The company held 747.2 million Chinese yuan in cash. CEO Dr. Yan Li highlighted advancements in intelligent product development and expanding retail network. Niu expects second-quarter revenues of 1.317 billion Chinese yuan to 1.411 billion Chinese yuan, a 40% to 50% Y/Y increase. Stock trading lower by 3.92% at $3.68 premarket.

Read more: Niu Clocks 57% e-Scooter Sales Surge, But Tariffs Impact Margins