Profile
Sector:
Consumer CyclicalIndustry:
Auto ManufacturersCountry:
ChinaIPO:
19 October 2018Website:
http://www.niu.comNext earnings report:
18 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 22:18:50 GMTDividend
Analysts recommendations
Institutional Ownership
NIU Latest News
BEIJING, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU” or “the Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the third quarter ended September 30, 2024 before the U.S. market opens on Monday, November 18, 2024.
BEIJING, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today provides its sales volume results for the third quarter of 2024.
China has rolled out subsidies to encourage consumers to purchase new electric two-wheeled vehicles, and this is a key policy tailwind for NIU. Niu Technologies' products are focused on the premium segment of China's electric two-wheeled vehicle market, and a recent survey indicates that consumers are seeking out premium and higher-priced products. I maintain a Buy rating for NIU, as the stock trades at a significant discount to its peer despite relatively more favorable growth prospects than the latter.
LOS ANGELES, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced the launch of two new electric kick scooters - the KQi 100 series - for the 2024 holiday season that will be available in Walmart, Best Buy and Kohl's nationwide. NIU specializes in creating products that uniquely combine affordability, quality and technology, a blend rarely found in a single offering, and the KQi 100 series underscores this approach.
-- Second Quarter Revenues of RMB 940.5 million, an increase of 13.5% year-over-year -- Second Quarter Net Loss of RMB 24.9 million, compared to Net Loss of RMB 1.9 million in the same period of last year BEIJING, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenues were RMB 940.5 million, an increase of 13.5% year-over-year Gross margin was 17.0%, compared with 23.1% in the second quarter of 2023 Net loss was RMB 24.9 million, compared with net loss of RMB 1.9 million in the second quarter of 2023 Adjusted net loss (non-GAAP) 1 was RMB 19.5 million, compared with adjusted net income of RMB 14.4 million in the second quarter of 2023 Second Quarter 2024 Operating Highlights The number of e-scooters sold was 256,162, up 20.8% year-over-year The number of e-scooters sold in China was 207,552, up 16.2% year-over-year The number of e-scooters sold in the international markets was 48,610, up 45.4% year-over-year The number of franchised stores in China was 3,124 as of June 30, 2024 The number of distributors of our international sales network was 54, covering 52 countries as of June 30, 2024 Dr. Yan Li, Chief Executive Officer of the Company, remarked, "The new products we introduced this year captured over 50% of our expanding domestic sales volume in the first half of the year.
BEIJING, July 15, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU” or “the Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced that it will report its financial results for the second quarter 2024 before the U.S. market opens on Monday, August 12, 2024.
Niu Technologies, the world's leading provider of smart urban mobility solutions, today provides its sales volume results for the second quarter 2024.
-- In the first quarter of 2024, Niu Technologies reported revenues of RMB 504.7 million, a 21.0% increase compared to the same period last year. The net loss for the quarter was RMB 54.8 million, an improvement from the net loss of RMB 60.3 million in the first quarter of 2023. The CEO, Dr. Yan Li, noted the strong reception of the company's new products in the domestic market since their launch in February.
The electric vehicle industry has had a difficult year. Valuations have tumbled as investors have begun to ask more questions about long-term pricing and competition within the industry.
Niu Technologies is an innovative leader in electric scooters with strong growth potential. The market has overlooked Niu Technologies, but their international expansion plans are likely to drive strong profitability. Profits are expected to roll in within 2-3 years, rewarding patient investors with a potential stock price increase.
- 1(current)
What type of business is Niu Technologies?
Niu Technologies designs, manufactures, and sells electric scooters in the People's Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles. It also provides accessories and spare parts under the NIU brand name comprising scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, jeans, hats, bags, jewelry, notebooks, badges, key chain, and mugs; and performance upgrade components consisting of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels. In addition, the company operates NIU app, which provides online repair request, service station locator, theft reporting, smart check, smart services, scooter status, historical riding data, and key diagnostics, as well as NIU cover, which provides insurance services. It sells and services its products through city partners and franchised stores, distributors, third-party e-commerce platforms, and its online store. The company was incorporated in 2014 and is headquartered in Beijing, the People's Republic of China.
What sector is Niu Technologies in?
Niu Technologies is in the Consumer Cyclical sector
What industry is Niu Technologies in?
Niu Technologies is in the Auto Manufacturers industry
What country is Niu Technologies from?
Niu Technologies is headquartered in China
When did Niu Technologies go public?
Niu Technologies initial public offering (IPO) was on 19 October 2018
What is Niu Technologies website?
https://www.niu.com
Is Niu Technologies in the S&P 500?
No, Niu Technologies is not included in the S&P 500 index
Is Niu Technologies in the NASDAQ 100?
No, Niu Technologies is not included in the NASDAQ 100 index
Is Niu Technologies in the Dow Jones?
No, Niu Technologies is not included in the Dow Jones index
When was Niu Technologies the previous earnings report?
No data
When does Niu Technologies earnings report?
The next expected earnings date for Niu Technologies is 18 November 2024