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Stock impact report

Niu Technologies Announces Third Quarter 2018 Financial Results

Niu Technologies ADS (NIU)  More Company Research Source: GlobeNewswire
PDF -- Total volume of e-scooter sales up 76.3% year over year -- Total net revenues of RMB493.2 million, up 86.1% year over year -- Net loss of RMB2.2 million, improved by RMB37.1 million year over year -- Adjusted net income1 of RMB4.9 million, improved by RMB16.5 million year over year -- Urban mobility market remains robust BEIJING, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Niu Technologies (“Niu”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its financial results for the third quarter ended September 30, 2018. Third Quarter 2018 Financial Highlights Net revenues for the third quarter of 2018 were RMB493.2 million, an increase of 86.1% year over year.Gross margin was 12.4%, up from 8.8% for the third quarter of 2017.Net loss for the third quarter of 2018 was RMB2.2 million, improved by RMB37.1 million compared with net loss of RMB39.3 million in the third quarter of 2017.Adjusted net income (non-GAAP) was RMB4.9 mill [Read more]
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