Brief: Niu Technologies Says Q1 Revenue Increased 5.1% To RMB 575.5 Million

Niu Technologies

23/05/2022 09:18

May 23 (Reuters) - NIU Technologies  NIU.O :
    * ANNOUNCES FIRST QUARTER 2022 FINANCIAL RESULTS
    * Q1 REVENUES OF RMB 575.5 MILLION
    * Q1 TOTAL VOLUME OF E-SCOOTER SALES UP 9.4% YEAR OVER YEAR
    * QTRLY BASIC AND DILUTED NET LOSS PER ADS WERE BOTH RMB
0.38 (US$
0.06)
    * EXPECTS REVENUES FOR THE SECOND QUARTER OF 2022 TO BE IN
THE
RANGE OF RMB 803 MILLION TO RMB 945 MILLION
    * QTRLY NUMBER OF E-SCOOTERS SOLD REACHED 163,659, UP 9.4%
YEAR
OVER YEAR
    * QTRLY REVENUES WERE RMB 575.5 MILLION, AN INCREASE OF 5.1%
YEAR
OVER YEAR

Source text for Eikon:  ID:nGNXbWxGP7 
Further company coverage:  NIU.O 

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