Niu(US:NIU)2025-08-11 13:11Financial Performance - Second quarter revenues reached RMB 1,255.7 million, representing a 33.5% year-over-year increase[3] - Net income for the second quarter was RMB 5.9 million, compared to a net loss of RMB 24.9 million in the same period last year[3] - Revenues for Q2 2025 reached RMB 1,255,706,686, a 33.4% increase from RMB 940,485,316 in Q2 2024[30] - Adjusted net income (non-GAAP) was RMB 13.7 million, compared to an adjusted net loss of RMB 19.5 million in the same period last year[14] - The company reported a comprehensive loss of RMB 1,235,031 for Q2 2025, a significant improvement from a comprehensive loss of RMB 22,892,203 in Q2 2024[30] - Adjusted net loss for the first half of 2025 was RMB 17,613,706, compared to RMB 68,035,676 in the same period of 2024, indicating a narrowing loss[34] Sales and Market Performance - The number of e-scooters sold was 350,090, up 36.7% year over year, with sales in China increasing by 53.6%[3] - Revenues from e-scooter sales in the China market were RMB 1,056.9 million, a 45.4% increase year-over-year, accounting for 91.1% of total e-scooter revenues[4] - Revenues from international e-scooter sales decreased by 20.9% year-over-year to RMB 103.1 million, representing 8.9% of total e-scooter revenues[5] Operational Efficiency - Gross margin improved to 20.1%, up from 17.0% in the second quarter of 2024[9] - Operating loss for Q2 2025 decreased to RMB 12,463,701 from RMB 32,145,991 in Q2 2024, indicating improved operational efficiency[30] - Operating expenses increased by 38.1% year over year to RMB 264.9 million, representing 21.1% of revenues[9] - Research and development expenses for Q2 2025 were RMB 43,716,913, up from RMB 32,257,721 in Q2 2024, reflecting a focus on innovation[30] Cash and Assets - As of June 30, 2025, the company had cash and cash equivalents totaling RMB 1,226.6 million[16] - Total current assets increased to RMB 2,604,498,793 as of June 30, 2025, up from RMB 2,169,806,471 as of December 31, 2024[29] - Cash and cash equivalents increased to RMB 1,091,655,358 as of June 30, 2025, from RMB 630,021,303 as of December 31, 2024[29] - Total liabilities rose to RMB 2,190,409,661 as of June 30, 2025, compared to RMB 1,681,875,947 as of December 31, 2024[29] Future Outlook - The company expects third quarter 2025 revenues to be between RMB 1,433 million and RMB 1,638 million, indicating a year-over-year increase of 40% to 60%[17]