Niu(US:NIU) Newsfilter·2025-03-17 08:00Financial 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]