NIU Technologies Announces Q2 2019 Financial Results: Strong Growth across International Markets, NIU Expands Global Influence
Niu Technologies - American Depositary Shares (NIU)
Last niu technologies - american depositary shares earnings: 3/16 03:00 am
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Source: Business Wire
BEIJING--(BUSINESS WIRE)--NIU Technologies (“NIU”, or “the Company”) (NASDAQ:NIU), the world’s leading provider of smart urban mobility solutions, announced its financial results for the second quarter ended June 30th, 2019.Revenues and profit had grown steadily in the second quarter of 2019The revenues and sales volume of NIU has grown steadily in Q2 2019. Revenues for the Q2 2019 reached RMB 531 million, an increase of 38% YoY.As expansion grew in international markets, Q2 2019 saw a 14% increase in unit sales for a total of 99,365 scooters globally.Q2 2019 witnessed a profitable quarter with adjusted net income (non-GAAP) of RMB 54 million and adjusted net income margin of 10.2%, improved 19 percentage points compared with Q2 2018. Gross margin also improved to 23.7% in Q2 2019, up 8.6% YoY.NIU continues to lead urban mobility as a lifestyle brand. In Q2 2019, non-scooter related revenue accounts for 15% of total revenues.NIU remained strong growth across international marketsA
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NIU
News
- Niu Technologies Files Its Annual Report on Form 20-FGlobeNewswire
- Niu Technologies to Report First Quarter 2024 Financial Results on May 20, 2024GlobeNewswire
- Global Electric Kick Scooter Market Size To Worth USD 9.5 Billion By 2033 | CAGR of 10.19% [Yahoo! Finance]Yahoo! Finance
- Niu Technologies Provides First Quarter 2024 Sales Volume Update [Yahoo! Finance]Yahoo! Finance
- Niu Technologies Provides First Quarter 2024 Sales Volume UpdateGlobeNewswire
NIU
Sec Filings
- 4/24/24 - Form S-8
- 4/24/24 - Form 20-F
- 4/5/24 - Form 6-K
- NIU's page on the SEC website