Niu Technologies Stock Price, News & Analysis

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.

On November 23, 2020, NIU announced changes to its board of directors. Ms. Jenny Hong Wei Lee has resigned as an independent director and chairperson of the compensation committee. Her resignation was not due to any disagreement with the company. Mr. John Jinshu Zhang will take her place as chairperson of the compensation committee. Following these changes, the board will consist of six members, with four being independent directors. NIU continues to position itself as a leader in smart urban mobility solutions, offering a range of electric bicycles and motorcycles.

Niu Technologies (NASDAQ: NIU) reported strong financial results for Q3 2020, with a 36.7% increase in revenues, reaching RMB 894.5 million. The total volume of e-scooter sales surged 67.9% year over year, with 250,889 units sold. Net income rose to RMB 80.0 million from RMB 66.4 million last year. However, gross margin decreased to 20.9% from 22.2%, attributed to sales promotions and a higher share of lower-priced models. The company anticipates launching the new Gova product in Indonesia, signaling growth opportunities.

Niu Technologies (NIU) will announce its third quarter 2020 financial results on November 23, 2020, before the market opens. A corporate presentation and financial spreadsheets will be available on its investor relations website. The company will host an earnings conference call at 8:00 AM ET on the same day to discuss the results, which requires advance registration. Access links for the call and replay options will also be provided. NIU is recognized for its high-performance electric bicycles and motorcycles, offering a product portfolio designed for urban mobility.

Niu Technologies (NIU) reported a strong performance in Q3 2020, selling 250,889 e-scooters, a 67.9% increase from the previous year. Sales in China reached 245,293, growing by 70.2%, driven by new models like G0. However, the G0 model's lower price and margin impacted overall revenues. Internationally, sales hit 5,596, a modest growth of 6.3% despite challenges from COVID-19. Year-to-date sales totaled 451,187, marking a 43.2% year-over-year increase. The company attributes growth to product demand recovery but faces risks from potential COVID-19 rebounds.

Niu Technologies (NASDAQ: NIU) announced on August 17, 2020, changes to its board of directors. Mr. Xiaojun Li has resigned as an independent director and from both the audit and compensation committees; his departure did not stem from any disagreement with the Company. Mr. John Jinshu Zhang will replace Li on the Audit Committee. Following these changes, the Board now comprises seven members, five of whom are independent directors. NIU is recognized for its innovative electric bicycles and motorcycles, catering to urban mobility needs.

Niu Technologies (NIU) reported a strong second quarter for 2020, with revenues of RMB 644.9 million, up 21.6% year-over-year, driven by a 61.2% increase in e-scooter sales volume to 160,138 units. Net income rose to RMB 56.8 million compared to RMB 51.0 million in Q2 2019. Revenues from the Chinese market grew 58.5%, but international sales plummeted 53.2%, impacted by COVID-19. Despite a decrease in gross margin to 23.0% from 23.7%, the company anticipates Q3 revenues of RMB 850-950 million, a 30-45% increase year-over-year.