Niu Technologies American Depositary Shares - NIU STOCK NEWS

Niu Technologies (NASDAQ: NIU) announced its Q2 2021 e-scooter sales results, with total sales reaching 252,998 units, marking a 58.0% year-over-year increase. The China market saw sales of 246,018 units (up 58.8%), driven by new product launches and retail expansion, adding 450 new stores. International markets contributed 6,980 units (up 34.8%), rebounding from COVID-19 challenges. However, the sales mix included a significant portion of lower-margin models, negatively impacting overall gross margins.

Niu Technologies (NIU) reported strong first-quarter results for 2021, with revenues of RMB 547.3 million, a 135.0% year-over-year increase, driven by a 272.6% rise in e-scooter sales, totaling 149,649 units. The company achieved a reduced net loss of RMB 5.4 million, significantly down from RMB 26.4 million in Q1 2020. Gross margin improved slightly to 23.8%. Despite a 14.5% decline in international sales due to COVID-19 challenges, NIU's focus on retail expansion and new product launches, including multiple e-scooter models, positions it for continued growth. Guidance for Q2 2021 projects revenues between RMB 900 million and RMB 1,030 million.

Niu Technologies (NIU), a leader in smart urban mobility, is set to release its first-quarter 2021 financial results before the market opens on May 17, 2021. The results will be available on NIU's investor relations website, followed by an earnings conference call at 8:00 AM ET the same day. Participants must register to access the call, which will be broadcast live and archived for later viewing. NIU offers a broad range of electric vehicles, emphasizing innovation in urban transportation solutions.

Niu Technologies (NIU) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report, which includes audited consolidated financial statements, can be accessed via the Company's investor relations website and the SEC's site. Shareholders may request a hard copy of the report free of charge through the Company's IR Department. NIU remains a leading provider of smart urban mobility solutions, offering a diverse range of electric bicycles, motorcycles, and kick-scooters through an omnichannel retail model.

NIU Technologies (NASDAQ: NIU) has launched five new electric urban mobility vehicles, including four electric scooters and its first electric kick scooter, at its annual product launch. The NIU KICK SCOOTER aims to enhance urban mobility in the U.S. and Europe and will be available for pre-sale in June 2021, with delivery starting in July 2021. Priced at $599, the kick scooter offers speeds up to 19.8mph and a range of 31 miles. NIU's vehicles are app-connected and utilize advanced lithium-ion battery technology, as part of their strategy to redefine urban mobility.

In Q1 2021, NIU sold 149,649 e-scooters, marking a significant 272.6% year-over-year growth. Sales in the China market soared by 321.5% to 144,654 units, driven by retail expansion and marketing strategies. However, international sales dropped 14.5% to 4,995 units, affected by COVID-19 and shipping challenges. The launch of new models, including the F0, F2, F4, and C0, aims to diversify offerings, particularly in the China market. Despite growth in total sales, the high proportion of lower-margin G0 model sales impacted overall gross margins.

Niu Technologies reported its fourth quarter and full year 2020 financial results, showing a 25.3% year-over-year revenue increase to RMB 672.0 million. E-scooter sales volume surged 41.6% in Q4, with total sales reaching 150,465 units. However, net income declined to RMB 58.2 million from RMB 60.7 million in Q4 2019. For the full year, revenue rose 17.7% to RMB 2,444.3 million, while net income fell to RMB 168.7 million from RMB 190.1 million in 2019. The company anticipates Q1 2021 revenues between RMB 420 million and RMB 478 million, representing a year-over-year growth of 80% to 105%.

NIU Technologies (NASDAQ: NIU), a leading provider of smart urban mobility solutions, will announce its fourth quarter and full year 2020 financial results on March 8, 2021. The results will be available on their investor relations website. Following the release, NIU will host a conference call at 8:00 AM ET to discuss the financial performance. Registration is required to join the call, and a replay will be available until March 16, 2021. For further details, visit their official site.

NIU Technologies (NASDAQ: NIU) reported strong sales results for Q4 2020, selling a total of 149,705 e-scooters, a 40.9% year-over-year growth. Sales in the China market reached 137,586 units, increasing by 35.0%, while international sales soared by 179.6% to 12,119 units. For the full year 2020, NIU sold approximately 600,892 e-scooters, marking a 42.6% increase. The growth was driven by new product releases and expansion of the retail network, despite a negative impact on gross margins from lower-priced models.