Niu Technologies Stock Price, News & Analysis

Niu Technologies (NIU) will release its financial results for Q3 2021 on November 22, 2021, before market opening. A conference call will follow at 8:00 AM ET to discuss the results. Interested participants must register to receive dial-in details. The call will also be available via live and archived webcast on NIU's investor relations website. NIU specializes in smart urban mobility solutions, offering a diverse range of electric vehicles including motorcycles, mopeds, and scooters.

Niu Technologies (NASDAQ: NIU) has appointed Ms. Fion Zhou as the new chief financial officer, effective November 15, 2021. With 15 years of finance experience, including her previous role at Sogou Inc. and as a finance director at Alibaba Group, Zhou is expected to enhance NIU's international expansion and technology innovation.

Dr. Yan Li, CEO, expressed confidence in Zhou's ability to contribute significantly to the company’s growth. NIU specializes in smart urban mobility solutions and integrates online and offline retail channels.

NIU Technologies (NASDAQ: NIU) reported a strong third quarter in 2021, selling 397,079 e-scooters, marking a 58.3% year-over-year growth. The China market contributed significantly, with sales of 392,112 units, up 59.9%. However, international sales decreased by 11.2% to 4,967 units due to the COVID-19 resurgence in Europe and shipping challenges. The company expanded its retail network, adding 320 new stores in China, totaling 2,686 stores by the end of September. Sales of lower-margin models negatively affected gross margin.

Niu Technologies (NIU) announced the resignation of Mr. Hardy Peng Zhang as Chief Financial Officer, effective September 30, 2021, due to personal reasons. A search for a new CFO is underway, with Zhang set to assist during the transition for three months. Dr. Yan Li, CEO, expressed gratitude for Zhang’s contributions, emphasizing his role in financial management and key company milestones. NIU continues to focus on providing smart urban mobility solutions, offering a diverse range of electric vehicles.

Niu Technologies (NIU) reported Q2 2021 financial results with revenues of RMB 944.7 million, a 46.5% year-over-year increase, driven by a 58.0% rise in e-scooter sales volume to 252,998. Net income was RMB 91.8 million, up 61.6% from last year. Despite increased sales, gross margin slightly decreased to 22.7% due to rising raw material costs. The company sees strong growth prospects with new product launches and expects Q3 revenues between RMB 1,250 million and RMB 1,450 million, reflecting a 40% to 62% increase year-over-year.

Niu Technologies (NIU) will announce its Q2 2021 financial results on August 16, 2021, before market opening. The corporate presentation and financial spreadsheets will be available on the investor relations website. An earnings conference call will follow at 8:00 AM U.S. Eastern Time. Participants must register in advance for dial-in details. A live and archived webcast will also be accessible on their website. For inquiries, investors can contact Jason Yang, the Investor Relations Manager, via email.

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.