Brief: Niu Technologies Reports Qtrly Basic And Diluted Net Loss Per ADS $0.05

Niu Technologies

18/05/2020 08:07

May 18 (Reuters) - NIU Technologies  NIU.O :
    * ANNOUNCES FIRST QUARTER 2020 FINANCIAL RESULTS
    * SEES Q2 2020 REVENUE RMB 585 MILLION TO RMB 655 MILLION
    * Q1 REVENUE FELL 34.4 PERCENT TO RMB 232.9 MILLION
    * Q1 TOTAL VOLUME OF E-SCOOTER SALES DOWN 39.4% YEAR OVER
YEAR
    * QTRLY BASIC AND DILUTED NET LOSS PER ADS WERE BOTH RMB
0.35 (US$
0.05)
    * AS OF MARCH 31, 2020, HAD CASH AND CASH EQUIVALENTS, TERM
DEPOSITS AND SHORT-TERM INVESTMENTS OF RMB 724.7 MILLION IN
AGGREGATE

Source text for Eikon:  ID:nGNX39n9rt 
Further company coverage:  NIU.O 

 ((Reuters.Briefs@thomsonreuters.com;))