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Niu Technologies Q1 Sales Volume Surge 57% On Solid China Demand
Benzinga· 2025-04-04 11:51
Chinese electric scooter company Niu Technologies NIU disclosed its sales volume results for the first-quarter.In the first quarter, the company sold a total of 203,313 units, comprising e-motorcycles, e-mopeds, e-bikes, kick-scooters, and e-bikes.Of these, 183,065 units were sold in China, while 20,248 units were sold in international markets.Driven primarily by domestic momentum, Niu saw sales increase 57% in the first-quarter, from the 129,139 units sold in the same period last year.The share of the grow ...
Niu Technologies Provides First Quarter 2025 Sales Volume Update
Globenewswire· 2025-04-04 08:05
Core Insights - Niu Technologies reported a significant increase in sales volume for Q1 2025, with a total of 203,313 units sold, representing a 57% year-over-year growth compared to Q1 2024 [2][3] - The company achieved a remarkable 66% growth in the Chinese market, selling 183,065 units, while international markets saw a modest 6% increase with 20,248 units sold [2][3] Sales Performance - In Q1 2025, Niu's sales volume in China reached 183,065 units, up from 110,115 units in Q1 2024, indicating strong demand and effective product strategies [2][3] - International sales increased from 19,024 units in Q1 2024 to 20,248 units in Q1 2025, reflecting ongoing progress in expanding electric motorcycle and micromobility channels [2][4] Product Launch and Market Reception - The launch of the NX Pro in late March 2025 received positive market feedback, generating significant pre-order demand and attracting over 3.5 million viewers during its live debut [3] - The company has a robust pipeline of new product launches and upgrades planned for the year, contributing to its strong first-quarter performance [3] Business Model and Product Portfolio - Niu Technologies operates an omnichannel retail model, integrating both offline and online sales channels to enhance customer reach and service [6] - The company offers a diversified product portfolio, including electric motorcycles, mopeds, bicycles, kick-scooters, and e-bikes, catering to various urban mobility needs [6]
小牛电动(NIU):深度推进产品及渠道变革,有望迎来底部反转
Guoxin Securities· 2025-04-03 12:17
证券研究报告 | 2025年04月03日 小牛电动(NIU.O) 优于大市 积极推进产品及渠道变革,有望迎来底部反转 小牛电动是全球化的智能城市出行解决方案提供商。小牛电动成立于 2014 年,公司开创了智能电动车两轮车的新品类,重点定位高端智能锂电产 品,2024 年后推出高端智能铅酸产品补足短板。2024 年公司电动两轮 车国内销售 75.9 万辆,国内市占率约 1.5%,产品平均单价 3500 元以上。 公司在国内有 3735 家品牌体验店及专卖店,重点布局一二线城市,进 入海外 52 个国家,是全球化的智能城市出行解决方案提供商。 2024 年收入恢复,利润亏损幅度收窄。2021 年之前公司收入快速增长, 2016-2021 年收入复合增速达 59.8%,2021 年后由于碳酸锂涨价,公司 主打的锂电产品价格持续上涨,导致销量下滑,至 2023 年收入下降至 26.52 亿元。2024 年公司首次布局高端铅酸电动两轮车,加强终端渠道 开拓及下沉,2024 年收入 32.88 亿元,同比增长 24%。锂电成本增加导 致公司 2022 年净亏损 0.49 亿元,2023 年公司受欧洲代理商资金短缺、 运营 ...
小牛电动(NIU):高端两轮车鼻祖,静待困境反转
CMS· 2025-03-27 15:25
证券研究报告 | 公司深度报告 2025 年 03 月 27 日 小牛电动(NIU.O) 高端两轮车鼻祖,静待困境反转 消费品/家电 小牛电动作为国内锂电高端电动两轮车鼻祖,2022-2023 年受监管趋严、市场 错配和竞争加剧影响,陷入营收瓶颈、盈利亏损阶段,2024 年重新推动产品和 渠道下沉,国内市场重视铅酸车型开发、全渠道营销赋能、门店加速开拓,海 外加快电动滑板车出货调整,有望推动公司经营困境反转,首次覆盖给与"增 持"投资评级。 ❑ 风险提示:行业竞争加剧、成本提升风险、费用投放失控风险、行业销量下 滑影响、政策相关风险。 财务数据与估值 | 会计年度 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入(百万元) | 2652 | 3288 | 4934 | 6286 | 7938 | | 同比增长 | -16% | 24% | 50% | 27% | 26% | | 营业利润(百万元) | -320 | -252 | 183 | 346 | 472 | | 同比增长 | 203 ...
Niu Technologies: Maintaining Bullish View Even After The Stock Doubled
Seeking Alpha· 2025-03-18 15:20
Group 1 - Niu Technologies (NASDAQ: NIU) is considered significantly undervalued with growth acceleration anticipated in the near future [1] - Coverage on Niu Technologies was initiated on December 19, 2024, with a "Buy" rating [1] Group 2 - No stock, option, or similar derivative positions are held by the analyst in any of the companies mentioned [1] - The article expresses the analyst's own opinions and is not influenced by compensation from any company [1]
Niu Technologies: Good Results And Even Better Prospects
Seeking Alpha· 2025-03-18 09:35
Group 1 - The research service "Asia Value & Moat Stocks" targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1][2] - Niu Technologies (NASDAQ: NIU) is viewed positively, with an emphasis on its strategy of offering more expensive bikes and the influence of industry policies, as previously discussed in a September 23, 2024 update [1]
Niu(NIU) - 2024 Q4 - Earnings Call Transcript
2025-03-17 20:17
Financial Data and Key Metrics Changes - In Q4 2024, the company achieved total sales volume of 226,600 units, a significant 65% year-over-year growth, with total revenue reaching RMB819 million, reflecting a 71% increase compared to the same period last year [7][51] - For the full year 2024, total sales volume was 924,000 units, representing a 30% year-over-year increase, and total revenue reached RMB3.29 billion, up 24% from 2023 [8][53] - The gross margin for Q4 was 12.4%, a decrease of 6.6 percentage points compared to the same period last year, while the full year gross margin was 15.2%, down from 21.5% in the previous year [56][58] Business Line Data and Key Metrics Changes - In Q4 2024, sales volume in China reached 182,000 units, marking an 80% share of total sales, while overseas sales volume was 44,000 units, accounting for 20% [50] - The ASP for China e-scooters reached RMB3,544, a 15% increase quarter-over-quarter and a 10% increase year-over-year [52] - The N series accounted for 39% of total sales volume in China, a substantial increase from just 5% in 2023, demonstrating strong market demand [15] Market Data and Key Metrics Changes - The overseas market saw a substantial 54% growth in sales volume in Q4 and a 52% growth for the full year 2024 [33] - The overseas branded scooter ASP decreased to nearly RMB2,000, down around 10% year-over-year, primarily due to a higher sales contribution from kick-scooters [52] Company Strategy and Development Direction - The company remains focused on expanding its product offerings, strengthening sales channels, and broadening market reach, with a commitment to refine its strategy to achieve ambitious targets [9][23] - In 2024, the company opened approximately 900 new stores, with plans to open another 1,000 to 1,500 stores in 2025 to strengthen market presence [26][27] - The company plans to enhance its core product series while ensuring broader market coverage to meet diverse rider needs [23][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the China market and overseas market, expecting to reach sales volume of 1.3 million to 1.6 million units in 2025 [39][47] - The company anticipates a recovery in profitability in 2025, with expectations for quarterly profits starting in Q2 2025 [81][85] Other Important Information - The company received a five-star safety certification from China Merchant Vehicle Research Institute, reinforcing its commitment to product safety [12] - The company has made significant strides in expanding its sales channels, ensuring broader consumer base access [26] Q&A Session Summary Question: What is your sales target for kick-scooters in 2025? - The company targets a sales growth of 30% to 50% for kick-scooters in 2025, expecting profitability to return due to adjustments in pricing related to tariffs [67][69] Question: What is your outlook for average selling price and gross profit margin in the domestic market in 2025? - The company expects a slight increase in ASP in the domestic market and improved gross margins due to economies of scale and increased sales volume [72][74] Question: Can you provide guidance on expected net profit margin by 2025? - The company is not sharing specific net profit margin guidance yet but anticipates overall profitability in 2025 [81] Question: Which quarter in 2025 is expected to see the company's net profit turn from loss to profit? - The company expects to achieve quarterly profits starting in Q2 2025, which is typically a peak quarter for revenue [85]
Niu(NIU) - 2024 Q4 - Earnings Call Transcript
2025-03-17 15:21
Niu Technologies (NASDAQ:NIU) Q4 2024 Earnings Conference Call March 17, 2025 8:00 AM ET Company Participants Kristal Li - Investor Relations Manager Yan Li - Chief Executive Officer Fion Zhou - Chief Financial Officer Conference Call Participants Yating Chen - CICC Operator Ladies and gentlemen, thank you for standing by. Welcome to Niu Technologies Fourth Quarter 2024 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer se ...
Niu(NIU) - 2024 Q4 - Earnings Call Presentation
2025-03-17 12:37
4Q 2024 NIU at a glance 2014 Founded 8 Series of electric two wheelers 3,735 Stores in China 53 Countries 5mn Scooters Sold Globally 28bn km Riding Data Data as of December 31, 2024. 2 China market: Enriched product matrix based on the existing product series Series Premium Year introduced EU and US: We started with e-moped and e-motorcycle, now extend to kick-scooters and e-bike 2019 2020 Year introduced Data as of December 31, 2024. 2021 2021/2023/2024* 2022 4 South East Asia: We have introduced a high-en ...
Niu Technologies Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results
Newsfilter· 2025-03-17 08:00
Financial Performance - Fourth Quarter Revenues reached RMB 819.2 million, representing a 71.1% increase year-over-year [3][4] - Fourth Quarter Net Loss was RMB 72.5 million, an improvement from a net loss of RMB 130.2 million in the same period last year [4][9] - Full Year Revenues totaled RMB 3,288.3 million, reflecting a 24.0% increase year-over-year [13][14] - Full Year Net Loss was RMB 193.2 million, compared to a net loss of RMB 271.8 million in 2023 [16] Sales and Market Performance - The number of e-scooters sold in Q4 2024 was 226,634, up 64.9% year-over-year [4] - E-scooter sales from the China market accounted for RMB 646.2 million, an increase of 81.9% year-over-year, representing 88.1% of total e-scooter revenues [11] - E-scooter sales from international markets reached RMB 87.2 million, a 47.8% increase year-over-year, representing 11.9% of total e-scooter revenues [11] Cost and Margin Analysis - Cost of revenues for Q4 was RMB 717.2 million, an increase of 85.0% year-over-year [6] - Gross margin decreased to 12.4% from 19.0% in the same period of 2023 [4][7] - Operating expenses were RMB 193.0 million, a decrease of 21.6% from the same period of 2023 [7][8] Future Outlook - The company expects Q1 2025 revenues to be between RMB 631 million and RMB 707 million, representing a year-over-year increase of 25% to 40% [19] - Projected sales volume for the full year 2025 is estimated to be between 1.3 million and 1.6 million units, indicating a year-over-year increase of approximately 40% to 70% [19]