Financial Data and Key Metrics Changes - Total sales volume reached over 238,000 vehicles in Q4 2021, a 58.3% year-over-year increase [6] - Total revenue in Q4 was RMB 986 million, up 46.7% year-over-year, driven by increased sales volume [27] - Gross margin in Q4 was 22.6%, 2.6 percentage points lower than the same period last year [30] - GAAP net income was RMB 47.6 million, with a net margin of 4.8% [35] Business Line Data and Key Metrics Changes - Sales volume in the China market increased by 49.2% year-over-year, reaching 205,000 vehicles [6] - International sales volume reached nearly 33,000 vehicles, including over 18,000 mopeds and nearly 15,000 kick-scooters, a significant 40% year-over-year increase [6][25] - The proportion of N, M, U series products in China rebounded from 24% to 47%, while Gova products accounted for the remaining 53% [25] Market Data and Key Metrics Changes - The company expanded its market coverage to 50 countries with a total of 174 flagship and premium stores globally [16] - The international market saw a 156% increase in revenue, with e-motorcycles and e-mopeds accounting for a significant portion of sales [27] Company Strategy and Development Direction - The company is implementing a 2.0 growth strategy focused on leveraging design technology to create electric urban mobility solutions [8] - Plans to launch five new models and several product upgrades in 2022 to enhance market presence [20] - The company aims to add over 1,000 new branded stores in 2022 to support sales network expansion [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2022, targeting annual sales volume between 1.5 million to 1.7 million vehicles [23] - The implementation of the China National Standard for electric bicycles is expected to accelerate the conversion to lithium battery-powered models [20] - The company is observing a fast growth in the light electric motorcycle market, driven by enhanced battery and powertrain solutions [21] Other Important Information - The company launched five new products in 2021, which accounted for 27% of total sales [9] - The average selling price (ASP) in Q4 declined by 7.3% year-over-year but improved by 34% quarter-over-quarter [28] - Operating expenses increased by 60.6% year-over-year, primarily due to higher branding and marketing expenses [32] Q&A Session Summary Question: Sales performance in the first two months of 2022 - Management reported sales orders above RMB 100,000, with 78,000 units delivered, including 12,000 kick-scooters [40] Question: Breakdown of full-year volume by product line - Expected sales units for 2022 are around 1.3 to 1.4 million in China and 200,000 to 300,000 in international markets, with a product mix of N, M, U series to Gova series at approximately 3 to 7 [40] Question: Product differentiation for higher-priced products - Management acknowledged the need for stronger product differentiation and plans to focus on extended drive range products in 2022 [43] Question: Expectations for overall expense ratio - Management anticipates operating expenses ratio to remain around 15% to 16% for the year, with selling and marketing expenses at 8% to 9% of revenue [47] Question: Strategy regarding gross margin and battery prices - Management noted that lithium battery prices have increased significantly, and they have raised prices by 5% to maintain margins while exploring cost reductions [49]

Niu Technologies (NASDAQ:NIU) Q3 2021 Earnings Conference Call November 22, 2021 8:00 AM ET Company Participants Jason Yang - Investor Relations Manager Yan Li - Chairman, Chief Executive Officer & Chief Operating Officer Wenjuan Zhou - Chief Financial Officer Conference Call Participants Shenghao Yu - Needham & Company Jing Chang - CICC Bin Wang - Credit Suisse Wei Shen - UBS Investment Bank Operator Good day, ladies and gentlemen. Thank you for standing by and welcome to the Niu Technologies Second Quarte ...

Niu Technologies (NASDAQ:NIU) Q2 2021 Earnings Conference Call August 16, 2021 8:00 AM ET Company Participants Yan Li – President and Chief Executive Officer Hardy Zhang – Chief Financial Officer Jason Yang – Investor Relations Manager Conference Call Participants Vincent Yu – Needham & Company Bin Wang – Credit Suisse Winnie Dong – Piper Sandler Jing Chen – CICC Operator Good day and thanks for standing by. Welcome to the Niu Technologies Second Quarter earnings release conference call. At this time, all p ...

�UIU小牛电动 2Q 2021 COLORS USED: Data as of June 30, 2021. NIU at a glance 2014 Founded 8 Series of electric two wheelers 2,300+ Stores in China 45+ Countries 2.0mn Scooters Sold Globally 8.3bn km Riding Data 2 分 UIU小牛电动 COLORS USED: China: We continue to rapidly expand our product lines, now extending to the mass-medium market NQi MQi UQi G DVR F 2015 / 2019* 2016 / 2021* 2017 / 2021* 2019 / 2021* 2021 2021 Year introduced Notes: * Year of performance upgrades ００００ 3 守 ⁄ Ո U 小 牛 电 动 COLORS USED: EU and US: Ou ...

Niu Technologies (NASDAQ:NIU) Q1 2021 Earnings Conference Call May 17, 2021 8:00 AM ET Company Participants Jason Yang - Manager, Investor Relations Yan Li - Chairman, Chief Executive Officer Hardy Zhang - Chief Financial Officer Conference Call Participants Alexander Potter - Piper Sandler Vincent Yu - Needham & Company Xinchi Yin - CITIC Bin Wang - Credit Suisse Operator Good day ladies and gentlemen. Thank you for standing by and welcome to the Niu Technologies First Quarter 2021 Earnings Conference Call ...