Significant Sales Growth in China
Total sales volume reached 350,000 units, a 37% year-over-year increase. China market sales surged by 54% to 318,000 units, with revenue growth from scooters increasing by 45% compared to the previous year.
Improved Financial Performance
Revenue reached RMB 1.26 billion, a 34% year-over-year growth. The gross margin stood at 20.1%, up 3.1% year-over-year, driven by product portfolio optimization and cost reduction.
Success in Product Launches and Brand Strategy
New models introduced such as NX Pro Electric Motorcycle and NXL, NL, and FX Pro contributed to sales growth. High-impact marketing and sales events like the 618 shopping campaign resulted in a 128% year-over-year GMV surge.
Strong Cash Flow and Financial Position
Operating cash inflow amounted to RMB 519 million, with ending cash and short-term investments at RMB 1.4 billion.