Niu Technologies - American Depositary Shares (NIU)
3.8800
+0.0800 (2.11%)
Niu Technologies is a leading manufacturer and provider of electric scooters and smart mobility solutions, focusing on environmentally friendly transportation alternatives
The company designs and produces a range of stylish electric scooters equipped with advanced technology, offering consumers efficient and convenient urban mobility options. Niu is dedicated to promoting sustainable transportation and reducing urban congestion while catering to a growing demand for eco-friendly vehicles. Additionally, the company leverages IoT technology to enhance user experience through features like connectivity and smart navigation.
Chinese electric scooter company Niu Technologies reported strong Q4 and 2024 sales growth, with plans for continued expansion and a positive outlook for 2025.
Niu Technologies shares up premarket after reporting strong sales volume in Q4 and full year 2024. China saw 65% growth, international markets also up. D2C sales platform launched.
Niu Technologies reported Q3 2024 revenue growth of 10.5% to 1.02 billion Chinese yuan, with an increase in sales volume offset by a decrease in revenues per e-scooter. The company also reported adjusted net loss of (34.25) million Chinese yuan. The number of e-scooters sold increased by 17.5% YoY, with sales in China growing by 12.4% and international sales climbing by 50.3%. The company expects a 30%-50% YoY increase in Q4 revenues.
Key Takeaways: Niu Technologies has returned to growth after an overhaul last year, opening a net 300 new stores in the first half of the year Analysts are becoming more bullish on the electric scooter maker, with all three polled by Yahoo Finance rating the company either a “buy” or “strong buy”
Niu Technologies reported 21% revenue growth in Q1 2024, with an increase in sales volume but decrease in revenues per e-scooter. Earnings per ADS were $(0.10) and the company expects further revenue growth in Q2 and 2024. Investors can access the stock through Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS). NIU stock has declined 46% in the last year.
Key Takeaways: Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16% The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement By Edith Terry
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