Niu Technologies (NIU) has released an update.
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Niu Technologies, a global leader in smart urban mobility solutions, has reported a 21% year-over-year increase in revenues for Q1 2024, reaching RMB 504.7 million. Despite this revenue growth, the company recorded a net loss of RMB 54.8 million, which is a slight improvement over last year’s RMB 60.3 million loss for the same quarter. The number of e-scooters sold surged by 36.8%, with significant sales growth expected in China and continued international expansion efforts.
For further insights into NIU stock, check out TipRanks’ Stock Analysis page.
