NIU Technologies Announces Q1 2019 Financial Results: Profitable Quarter with Significant Revenue and Gross Margin Increase
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 first quarter ended March 31, 2019. During the reporting period, the revenue of the Company reached RMB 355.2 million, a year-over-year (yoy) increase of 105.5%. Robust Performance in Q1 2019: Achieved Profit with rapid growth in sales and income The revenue and sales volume of NIU has continued to deliver a significant growth trend in Q1 2019. In the first quarter, the Company sold 66,284 units of e-scooters globally, up 75.7% yoy. Revenues doubled to RMB 355.2 million with an increase of 105.5% yoy. Gross margin also indicated great improvement to 21.3% from 12.7% in Q1 2018, mainly driven by lower raw material costs, higher retail prices and favorable changes in product model mix and increasing revenue from
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NIU
Sec Filings
- 11/18/24 - Form 6-K
- 10/4/24 - Form 6-K
- NIU's page on the SEC website