Overview
NIU Q3 revenue grows 65.4% yr/yr, driven by 49.1% increase in sales volume
Company reports Q3 net income of RMB 81.7 mln, reversing last yr's net loss
Gross margin improves to 21.8% from 13.8% in prior year
Outlook
Company expects Q4 2025 revenue between RMB 737 mln and RMB 901 mln
Company advancing channel expansion and product transition strategies
Result Drivers
CHINA SALES GROWTH - 74.2% increase in e-scooter sales volume in China driven by product portfolio and store expansion, per CEO Dr. Yan Li
INTERNATIONAL SALES DECLINE - E-scooter sales in international markets fell 73.0% year-over-year due to reduced sales volume and lower revenues per e-scooter
GROSS MARGIN IMPROVEMENT - Gross margin increased to 21.8% from 13.8% due to higher e-scooter sales and cost-reduction initiatives in China
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | RMB 1.69 bln | ||
Q3 Adjusted Net Income | RMB 88.40 mln | ||
Q3 Net Income | RMB 81.70 mln | ||
Q3 Gross Margin | 21.80% | ||
Q3 Operating Expenses | RMB 297.10 mln |
Press Release: ID:nGNX6gXc8y
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)