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Stock impact report

Niu Technologies Announces Unaudited Third Quarter 2024 Financial Results

Niu Technologies - American Depositary Shares (NIU) 
Last niu technologies - american depositary shares earnings: 3/16 03:00 am Check Earnings Report
Company Research Source: GlobeNewswire
-- Third Quarter Revenues of RMB 1,023.9 million, an increase of 10.5% year-over-year -- Third Quarter Net Loss of RMB 40.9 million, compared to Net Loss of RMB 79.4 million in the same period of last year BEIJING, Nov. 18, 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenues were RMB 1,023.9 million, an increase of 10.5% year-over-yearGross margin was 13.8%, compared with 21.4% in the third quarter of 2023Net loss was RMB 40.9 million, compared with net loss of RMB 79.4 million in the third quarter of 2023Adjusted net loss (non-GAAP)1 was RMB 34.2 million, compared with adjusted net loss of RMB 70.0 million in the third quarter of 2023 Third Quarter 2024 Operating Highlights The number of e-scooters sold was 312,405, up 17.5% year-over-yearT Show less Read more
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