Company Overview - NIU was founded in 2014[3] - The company has 4,304 stores in China[3] - NIU products are sold in 53 countries[3,29] - The company has sold 5.7 million scooters globally[3] Sales Performance (Q2 2025) - China sales volume reached 319,000 units, a 54% year-over-year increase[41] - Overseas sales volume reached 33,000 units, a 36% year-over-year decrease[41] - Total revenue was RMB 1,256 million, a 34% year-over-year increase[41] Financial Metrics (Q2 2025) - Gross margin was 20.1% of revenues[45] - Adjusted operating expenses were 17.0% of revenues[45] - Net margin was -27.2%[50] - Adjusted net margin was -2.1%[53] Balance Sheet (June 30, 2025) - Cash, restricted cash, deposits & short-term investment totaled RMB 1,441 million[48] - Total assets amounted to RMB 3,094 million[48] - Total liabilities amounted to RMB 2,190 million[48]

Core Viewpoint - VOXX International Corporation has been successfully acquired by Gentex Corporation in an all-cash transaction valued at $7.50 per share, marking a significant transformation for VOXX and its future growth potential [1][2]. Group 1: Acquisition Details - The acquisition was announced on December 18, 2024, and received overwhelming approval from VOXX stockholders during a special meeting held on March 31, 2025 [2]. - Gentex completed the acquisition on April 1, 2025, after meeting all regulatory and stockholder approval conditions [2][6]. Group 2: Leadership and Vision - Ari Shalam, Chairman of the Board of VOXX, expressed gratitude to employees and stakeholders, emphasizing the legacy and future potential under Gentex's leadership [3]. - Steve Downing, President and CEO of Gentex, highlighted the intention to continue the legacy of VOXX's founder and expand upon his vision in the automotive and consumer electronics industries [3]. Group 3: Strategic Benefits - Gentex's COO and CTO, Neil Boehm, noted that VOXX's products and market expertise will complement Gentex's existing business lines, particularly in smart home product expansion [4]. - The acquisition includes VOXX's expertise in consumer product distribution and premium audio solutions, enhancing Gentex's capabilities in various sectors [4][5]. Group 4: Company Backgrounds - VOXX International is recognized as a leader in automotive and consumer electronics, with a strong distribution network and market positions in in-vehicle entertainment and automotive security [7]. - Gentex Corporation, founded in 1974, is a technology company known for its electro-optical products and ongoing innovation across multiple verticals [8].