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Niu Tech E-Scooter Sales Jump 37% YoY In Q2, China Demand Soars 54% YoY While International Sales Slide 35.5% YoY

Benzinga · 4d ago

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Niu Technologies ("NIU", or "the Company") (NASDAQ:NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2025.

Second Quarter 2025 Financial Highlights

Revenues were RMB 1,255.7 million, an increase of 33.5% year over year
Gross margin was 20.1%, compared with 17.0% in the second quarter of 2024
Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024
Adjusted net income (non-GAAP)1 was RMB 13.7 million, compared with adjusted net loss of RMB 19.5 million in the second quarter of 2024

Second Quarter 2025 Operating Highlights

The number of e-scooters sold was 350,090, up 36.7% year over year
The number of e-scooters sold in China was 318,719, up 53.6% year over year
The number of e-scooters sold in the international markets was 31,371, down 35.5% year over year
The number of franchised stores in China was 4,304 as of June 30, 2025
The number of distributors in our international sales network was 57, covering 53 countries as of June 30, 2025

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