Brief: Niu Technologies Announces Q3 Basic And Diluted Net Income Per ADS Of RMB 0.04 (US$ 0.01)

Niu Technologies

21/11/2022 07:34

Nov 21 (Reuters) - Niu Technologies  NIU.O :
    * ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS
    * QTRLY REVENUES WERE RMB 1,153.2 MILLION, A DECREASE OF
6.0% YEAR
OVER YEAR
    * QTRLY BASIC AND DILUTED NET INCOME PER ADS WERE RMB 0.04
(US$
0.01) AND RMB 0.04 (US$ 0.01), RESPECTIVELY
    * NIU EXPECTS ITS REVENUES FOR Q4 OF 2022 TO BE IN RANGE OF
RMB
789 MILLION TO RMB 986 MILLION
    * NUMBER OF E-SCOOTERS SOLD IN Q3 WAS 320,798, DOWN 19.2%
YEAR
OVER YEAR
    * QTRLY ADJUSTED NET INCOME (NON-GAAP) WAS RMB 20.2 MILLION

Source text for Eikon:  ID:nGNX1vPPHK 
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