Niu Technologies ( (NIU) ) has shared an announcement.
Niu Technologies reported a substantial increase in revenues for the fourth quarter and full year of 2024, with a 71.1% year-over-year growth in the fourth quarter and a 24.0% increase for the year. Despite a net loss of RMB 72.5 million in the fourth quarter, this was an improvement from the previous year’s loss. The company saw significant sales volume growth, particularly in China, and expanded its international presence through strategic partnerships. However, the gross margin decreased due to product mix changes and increased costs.
More about Niu Technologies
Niu Technologies is a leading provider of smart urban mobility solutions, specializing in electric scooters. The company focuses on both domestic and international markets, with a significant presence in China and partnerships with major retailers globally.
YTD Price Performance: 56.32%
Average Trading Volume: 538,353
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $211.1M
For an in-depth examination of NIU stock, go to TipRanks’ Stock Analysis page.