Niu Tech ( (NIU) ) has released its Q1 earnings. Here is a breakdown of the information Niu Tech presented to its investors.
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Niu Technologies, a leading provider of smart urban mobility solutions, specializes in the design, manufacturing, and sale of high-performance electric motorcycles, mopeds, bicycles, kick-scooters, and e-bikes, catering to diverse urban travel needs through an omnichannel retail model.
In the first quarter of 2025, Niu Technologies reported a significant year-over-year revenue increase of 35.1%, reaching RMB 682.0 million, while also reducing its net loss from RMB 54.8 million to RMB 38.8 million. The company continues to expand its market presence, particularly in China, with a notable rise in e-scooter sales.
Key financial highlights include a 57.4% increase in e-scooter sales volume, with 203,313 units sold, and a 39.1% rise in revenues from the Chinese market. However, the gross margin slightly decreased to 17.3% due to changes in product mix and higher costs in international markets. Operating expenses remained stable, while the adjusted net loss improved to RMB 31.4 million.
Looking ahead, Niu Technologies anticipates substantial revenue growth in the second quarter of 2025, projecting a 40% to 50% year-over-year increase. The company plans to continue leveraging its innovative product development and expanding retail network to drive further market penetration and sustainable global growth.