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Niu Technologies reports developments in smart urban mobility, including electric motorcycles, mopeds, bicycles, kick-scooters and e-bikes. The company’s product portfolio includes the NQi, MQi, UQi and FQi vehicle series, along with the KQi kick-scooter series and BQi e-bike series.
Recurring company updates cover quarterly and annual financial results, unit sales volumes, China and international market performance, revenue by product category, gross margin, net income or loss, and retail-channel activity. NIU also discusses its omnichannel sales model, product portfolio changes, domestic franchised-store network, and international operating priorities.
Niu Technologies (NIU), a leader in smart urban mobility, will release Q2 2020 financial results on August 17, 2020. The results will be available on its investor relations website, followed by an earnings conference call at 8:00 AM ET. Participants must register in advance to join the call. NIU focuses on high-performance electric bicycles and motorcycles, utilizing an omnichannel retail model. The company aims to meet modern urban travel demands with various product series designed for different segments.
NIU Technologies (NASDAQ: NIU) launched the G0, an entry-level e-bicycle, on May 25, 2020, under the Gova series in China. The G0 complies with the New National Standard of Electric Bicycle and features a 400-watt motor. NIU also plans to release another model, the G2, in June 2020. Additionally, the company opened five new flagship stores in international markets during May 2020, while postponing some expansion plans due to COVID-19. NIU focuses on smart urban mobility solutions, offering a diverse range of electric bicycles and scooters.
Niu Technologies (NIU) reported Q1 2020 results with revenues of RMB 232.9 million, down 34.4% year-over-year. E-scooter sales volume decreased by 39.4%, with a net loss of RMB 26.4 million compared to a net income of RMB 12.0 million last year. The gross margin improved to 23.6%. The international sales segment saw a 5.9% increase, while domestic sales suffered a 43.5% decline. Despite the challenges posed by COVID-19, NIU anticipates Q2 revenues to range from RMB 585 million to RMB 655 million, reflecting a potential growth of 10% to 23% year-over-year.
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