Brief: NIU Technologies Reports Qtrly Basic And Diluted Net Loss Per ADS Of RMB 0.48 (US$ 0.07)

Niu Technologies

20/03/2023 08:19

March 20 (Reuters) - Niu Technologies  NIU.O :
    * ANNOUNCES UNAUDITED FOURTH QUARTER AND FULL YEAR 2022
FINANCIAL
RESULTS
    * Q4 REVENUE FELL 37.9 PERCENT TO RMB 612.3 MILLION
    * QTRLY BASIC AND DILUTED NET LOSS PER ADS WERE BOTH RMB
0.48 (US$
0.07)
    * NUMBER OF E-SCOOTERS SOLD IN Q4 WAS 138,279, DOWN 41.9%
    * SAYS EXPECTS REVENUES OF Q1 2023 TO BE IN RANGE OF RMB 403
MILLION TO RMB 489 MILLION
    * EXPECTS SALES VOLUME FY2023TO BE IN RANGE OF 1 MILLION TO
1.2
MILLION UNITS,  INCREASE OF ABOUT 20% TO 45%

Source text for Eikon:  ID:nGNX90rqQ0 
Further company coverage:  NIU.O 

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