Niu(NIU) - 2023 Q2 - Quarterly Report

Exhibit 99.1 Niu Technologies Announces Second Quarter 2023 Financial Results -- Second Quarter Total Volume of e-scooter sales up 1.5% year over year -- Second Quarter Revenues of RMB 828.8 million, up 0.1% year over year -- Second Quarter Net Loss of RMB 1.9 million, compared to net income of RMB 14.4 million in the same period of last year BEIJING, China, Aug 14, 2023 – Niu Technologies ("NIU", or "the Company") (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announce ...