Core Viewpoint - Niu Technologies reported significant growth in sales volume for Q4 and FY2024, driven by new product launches and strong demand in both domestic and international markets [1][2][3]. Sales Performance - In Q4 2024, the company sold a total of 226,634 units, a 65% increase from Q4 2023, with 182,333 units sold in China and 44,301 units in international markets [2][5]. - For the full year 2024, total sales reached 924,340 units, up from 709,802 units in 2023, with 759,094 units sold in China and 165,246 units internationally [2][5]. Market Dynamics - The 65% year-over-year growth in China was attributed to the successful launch of new models and the fulfillment of backlog orders following new safety standards [3]. - Over 70% of Q4 sales were from new models tailored to various consumer segments, particularly appealing to Gen Z and female riders [3]. International Growth - The micro-mobility segment saw a 65% year-over-year growth in Q4 and a 57% increase for the full year [4]. - The company celebrated its 10th anniversary at EICMA with the introduction of innovative products, enhancing its global brand presence [4]. Product Portfolio - Niu Technologies offers a diverse range of products, including electric motorcycles, mopeds, bicycles, kick-scooters, and e-bikes, catering to various urban mobility needs [7]. - The company employs an omnichannel retail model, integrating both offline and online sales channels [7].

Core Viewpoint - Niu Technologies is being initiated with a "Buy" rating and a 24-month investment horizon, indicating a positive outlook for the manufacturer and seller of electric scooters [1]. Company Summary - Niu Technologies operates in the electric scooter market, which is experiencing growth due to increasing demand for eco-friendly transportation options [1]. Investment Thesis - The investment thesis is based on the anticipated growth in the electric scooter sector, driven by urbanization and a shift towards sustainable mobility solutions [1].

Core Insights - NIU Technologies has launched a nationwide direct-to-consumer (D2C) sales platform for its electric dirt bikes, the XQi3 Wild and XQi3 Street, enhancing accessibility for customers [1][2] - The NIU Moto Sales Platform (NMSP) integrates e-commerce with a dealer network, allowing customers to shop, finance, and finalize purchases online [2][3] - The platform aims to revolutionize the electric vehicle (EV) industry by providing a seamless purchasing experience, regardless of local dealer adaptation [3] Company Developments - The NMSP allows for real-time titling, registration, and financing options, with bikes shipped directly to customers or local dealers for assembly [2] - NIU has partnered with Ekho Dealer to enhance the sales processing engine and assist dealers in digitizing transactions [4] - The company has sold over 4.6 million electric vehicles since its inception in 2015, with users traveling over 25 billion kilometers globally [6] Industry Impact - The launch of the NMSP is seen as a significant milestone for both NIU and the broader EV industry, promoting innovation and accessibility [3][5] - The platform is expected to drive online-to-offline traffic, benefiting both NIU and its network of over 100 dealers across the U.S. [3]

Financial Data and Key Metrics Changes - Total sales volume in Q3 2024 was 312,000 units, representing a year-over-year increase of 17.5% [8] - Total revenue for Q3 2024 was RMB1.02 billion, an increase of 10.5% year-over-year [9] - Gross margin for Q3 2024 was 13.8%, down 7.6 percentage points year-over-year [40] Business Line Data and Key Metrics Changes - In China, sales volume increased by 12.4% year-over-year to 259,000 units, while overseas sales volume surged by 50% to 53,000 units [8] - Revenue from scooters in China was RMB797 million, up 12% year-over-year [37] - Overseas revenue was RMB144 million, accounting for 14% of total revenue, with scooter revenue including e-motorcycles and kick scooters amounting to RMB130 million [39] Market Data and Key Metrics Changes - The average selling price (ASP) of scooters in China remained flat year-over-year at RMB3,078, but saw a quarter-over-quarter decline of 12% [38] - The ASP for overseas scooters decreased from RMB3,430 to RMB2,444 year-over-year due to a shift in product mix [39] Company Strategy and Development Direction - The company is focused on expanding product offerings and sales channels, with a commitment to refining strategies to meet market demand [9] - Plans for Q4 and 2025 include accelerating store expansions, targeting over a thousand new stores, particularly in Tier 3 cities [32] - The strategy for 2025 emphasizes robust growth in both micro-mobility and electric two-wheeler markets, with a focus on direct sales and enhanced product lineup [33] Management's Comments on Operating Environment and Future Outlook - Management expects gross margin to recover in Q4 2024 and continue rising in 2025 due to cost-saving initiatives and improved product mix [54] - The company anticipates Q4 revenue to be in the range of RMB622 million to RMB718 million, representing a year-over-year increase of 30% to 50% [46] Other Important Information - The company ended the quarter with RMB1.3 billion in cash and short-term investments, unchanged from the previous quarter [45] - The introduction of new products has significantly contributed to sales, with over 60% of sales volume in China coming from new launches [37] Q&A Session Summary Question: What is the expected trend of domestic average selling price considering the new national standard? - Management expects the ASP to increase due to new materials required by the upcoming standard [52] Question: What is the outlook for gross margin? - Management indicated that Q3 gross margin hit a low point but expects recovery in Q4 and 2025 due to cost-saving initiatives and improved product mix [54][55] Question: What is the sales volume of kick scooters overseas in the first three quarters and the outlook for next year? - The sales volume for kick scooters overseas was around 120,000 to 130,000 units, with an expectation to finish the year at 160,000 to 170,000 units, and a growth outlook of 50% to 60% for next year [56][58]

ゲロIU小牛电动 3Q 2024 �UIU小牛电动 NIU at a glance 2014 8 Series of 3,345 Stores in China Founded electric two wheelers 4.9mn Scooters Sold Globally 25bn km 53 Countries Riding Data Data as of September 30, 2024. ００００ 2 分 UIU小牛电动 2023 3 China market: Enriched product matrix based on the existing product series Premium Series ROi Year introduced 2015/2019*/2024* 2016/2023/2024* 2017/2022*/2024* 2022 Year introduced Mass-Premium Series 2020/2023 2020/2023 2024* ０００００ Notes: * Year of performance upgrades Data as of Se ...

-- Third Quarter Revenues of RMB 1,023.9 million, an increase of 10.5% year-over-year -- Third Quarter Net Loss of RMB 40.9 million, compared to Net Loss of RMB 79.4 million in the same period of last year BEIJING, Nov. 18, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Reven ...

Core Insights - Niu Technologies is launching a significant over-the-air (OTA) software update for its XQi3 electric dirt bike, enhancing performance and making it more competitive in the market [1][4]. Performance Enhancements - The OTA update increases the XQi3's total power output from 8 kW to 10.6 kW, improving top speed from 47 mph to 50 mph and enhancing acceleration [2][5]. - Continuous power output has been increased by 28%, while "Boost Mode" power output has risen by 36%, allowing riders to reach the previous top speed of 47 mph over two seconds faster than before [2][5]. Riding Experience - The update improves low- to mid-range torque, providing a more responsive riding experience on both straightaways and rugged terrains [3]. - The off-road version will update automatically via the NIU app, while the street version allows users to choose when to update based on local regulations [3]. Market Positioning - NIU has reduced the retail price of both the XQi3 Wild and Street models from $4,999 to $3,999, enhancing their competitiveness in the dirt bike market [4]. - The company emphasizes that these performance enhancements come at no additional cost to users, avoiding the need for expensive aftermarket components [4]. Company Overview - NIU Technologies is a global leader in electric two-wheeled vehicles, having sold over 4.6 million electric vehicles since its inception in 2015 [6]. - The company operates in 52 countries and has a mission to redefine urban mobility, with users collectively traveling over 25 billion kilometers worldwide [6].

• Starting today, NIU’s top-rated electric two-wheeled vehicles will be up to 60% off • Products will be available online and in store at major retailers including Best Buy, Amazon, Target, Walmart and more • The all new 100 Series kick scooters will be on sale for the first time since the initial launch in September LOS ANGELES, Nov. 01, 2024 (GLOBE NEWSWIRE) --  Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its hol ...

BEIJING, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU” or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced that it will report its financial results for the third quarter ended September 30, 2024 before the U.S. market opens on Monday, November 18, 2024. The corporate presentation and financial spreadsheets will be posted on NIU’s investor relations website at:https://ir.niu.com/financial-information/quarterly-results The Company will ...

BEIJING, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today provides its sales volume results for the third quarter of 2024.          3Q 2024 3Q 2023 YTD 2024 YTD 2023China Market259,094 230,445 576,761 490,540International Markets53,311 35,468 120,945 81,786Total312,405 265,923 697,706 572,326         In the third quarter of 2024, NIU sold 312,405 units, including e-motorcycles, e-mopeds, e-bicycl ...