Brief: Niu Technologies Reports Quarterly Basic & Diluted Net Income Per ADS Of RMB 0.19 (US$ 0.03) And RMB 0.18 (US$ 0.03)

Niu Technologies

15/08/2022 09:13

Aug 15 (Reuters) - NIU Technologies  NIU.O :
    * ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS
    * Q2 REVENUES OF RMB 827.6 MILLION, DOWN 12.4% YEAR OVER
YEAR
    * QTRLY BASIC AND DILUTED NET INCOME PER ADS WERE RMB 0.19
(US$
0.03) AND RMB 0.18 (US$ 0.03), RESPECTIVELY
    * NUMBER OF E-SCOOTERS SOLD IN Q2 WAS 208,857, DOWN 17.4%
YEAR
OVER YEAR
    * ADJUST FULL YEAR SALES VOLUME GUIDANCE TO RMB 1-1.2
MILLION.
    * EXPECTS Q3 REVENUES FOR 2022 TO BE IN RANGE OF RMB 1,165
MILLION
(REPRESENTING A YEAR-OVER-YEAR DECREASE OF 5%) TO RMB 1,349
MILLION

Source text for Eikon:  ID:nGNX6Q2ZgG 
Further company coverage:  NIU.O 

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