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Niu Technologies | 6-K: Report of foreign private issuer (related to financial reporting)

Niu Technologies | 6-K: Report of foreign private issuer (related to financial reporting)

小牛电动 | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/11/18 19:14

Moomoo AI 已提取核心信息

Niu Technologies reported Q3 2024 revenues of RMB 1,023.9 million, up 10.5% YoY, driven by a 17.5% increase in e-scooter sales volume to 312,405 units. The company's net loss narrowed to RMB 40.9 million from RMB 79.4 million in Q3 2023, while gross margin declined to 13.8% from 21.4% YoY.China market e-scooter sales grew 12.4% to 259,094 units, while international markets surged 50.3% to 53,311 units. Operating expenses decreased 30.5% YoY to RMB 200.6 million, primarily due to reduced allowance for doubtful accounts. The company maintained a strong financial position with RMB 1,045.2 million in cash and investments.Looking ahead, Niu Technologies expects Q4 2024 revenues between RMB 622-718 million, representing 30-50% YoY growth. The company continues to expand its retail presence and recently showcased new models at Milan EICMA, demonstrating its commitment to innovation despite recent policy changes in China affecting sales timing.
Niu Technologies reported Q3 2024 revenues of RMB 1,023.9 million, up 10.5% YoY, driven by a 17.5% increase in e-scooter sales volume to 312,405 units. The company's net loss narrowed to RMB 40.9 million from RMB 79.4 million in Q3 2023, while gross margin declined to 13.8% from 21.4% YoY.China market e-scooter sales grew 12.4% to 259,094 units, while international markets surged 50.3% to 53,311 units. Operating expenses decreased 30.5% YoY to RMB 200.6 million, primarily due to reduced allowance for doubtful accounts. The company maintained a strong financial position with RMB 1,045.2 million in cash and investments.Looking ahead, Niu Technologies expects Q4 2024 revenues between RMB 622-718 million, representing 30-50% YoY growth. The company continues to expand its retail presence and recently showcased new models at Milan EICMA, demonstrating its commitment to innovation despite recent policy changes in China affecting sales timing.
小牛电动报告2024年第三季度收入为102390万元,同比增长10.5%,主要得益于电动滑板车成交量增加了17.5%,达到312,405辆。公司的净亏损从2023年第三季度的7940万元收窄至4090万元,而毛利率同比下降至13.8%,此前为21.4%。中国市场电动滑板车销量增长12.4%,达到259,094辆,而国际市场激增50.3%,达到53,311辆。营业费用同比减少30.5%,降至20060万元,主要是由于疑账准备减少。公司保持了强大的财务状况,现金和投资总额为104520万元。展望未来,小牛电动预计2024年第四季度收入将在62200万到71800万元之间,代表着30%到50%的同比增长。公司继续扩大零售业务,并在米兰EICMA展会上展示了新车型,尽管中国最近的政策变化对销售时机产生了影响,但仍展现了其对创新的承诺。
小牛电动报告2024年第三季度收入为102390万元,同比增长10.5%,主要得益于电动滑板车成交量增加了17.5%,达到312,405辆。公司的净亏损从2023年第三季度的7940万元收窄至4090万元,而毛利率同比下降至13.8%,此前为21.4%。中国市场电动滑板车销量增长12.4%,达到259,094辆,而国际市场激增50.3%,达到53,311辆。营业费用同比减少30.5%,降至20060万元,主要是由于疑账准备减少。公司保持了强大的财务状况,现金和投资总额为104520万元。展望未来,小牛电动预计2024年第四季度收入将在62200万到71800万元之间,代表着30%到50%的同比增长。公司继续扩大零售业务,并在米兰EICMA展会上展示了新车型,尽管中国最近的政策变化对销售时机产生了影响,但仍展现了其对创新的承诺。
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