Niu Technologies - ADR

NASDAQ:NIU  
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Other Pre-Announcement

Niu Technologies Says Q1 Revenue Increased 5.1% To RMB 575.5 Million

Published: 05/23/2022 08:23 GMT
Niu Technologies - ADR (NIU) - Announces First Quarter 2022 Financial Results.
Q1 Revenues of Rmb 575.5 Million.
Q1 Total Volume of E-scooter Sales Up 9.4% Year Over Year.
Qtrly Basic and Diluted Net Loss per Ads Were Both Rmb 0.38 (us$ 0.06).
Expects Revenues for the Second Quarter of 2022 to Be in the Range of Rmb 803 Million to Rmb 945 Million.
Qtrly Number of E-scooters Sold Reached 163,659, Up 9.4% Year Over Year.
Qtrly Revenues Were Rmb 575.5 Million, an Increase of 5.1% Year Over Year.