Niu Technologies (NIU) Appoints RMB 575.5M, Net Loss of RMB 16.3M

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Go back to Niu Technologies (NIU) Appoints RMB 575.5M, Net Loss of RMB 16.3M

Niu Technologies Announces First Quarter 2022 Financial Results

May 23, 2022 4:15 AM EDT

-- First Quarter Total Volume of e-scooter sales up 9.4% year over year

-- First Quarter Revenues of RMB 575.5 million, up 5.1% year over year

-- First Quarter Net Loss of RMB 29.6 million, compared with net loss of RMB 5.4 million in the same period of last year

BEIJING, May 23, 2022 (GLOBE NEWSWIRE) -- Niu Technologies (NIU, or the Company) (NASDAQ: NIU), the worlds leading provider of smart urban mobility solutions, today announced its financial results for the first quarter ended March 31, 2022.

First Quarter 2022... More