Niu TechnologiesNIU
Mentioned
Impact on stocks 1
Electrification & Mobility
Niu TechnologiesNiu Technologies beats Q2 revenue estimates, guides for 10-20% growth in Q3
Earnings
Niu Technologies reported second-quarter revenue of $212.29 million, a 14.7% year-over-year increase that beat estimates by $79.02 million. The company posted a GAAP loss of $0.19 per ADS, while gross margin narrowed to 16.0% from 20.1% a year earlier. E-scooter sales rose 24.2% to 434,687 units, driven by a 26.2% jump in China to 402,202 units, while international sales edged up 3.6% to 32,485 units. Niu expects third-quarter revenue between RMB 1,863 million and RMB 2,033 million, representing year-over-year growth of 10% to 20%.
Niu Technologies