Niu(US:NIU)2025-03-17 12:37Company Overview - NIU was founded in 2014 and has sold 5 million scooters globally[2] - The company has a total production capacity of approximately 2 million units per year[22] Sales Performance - China sales volume in 4Q24 was 182 thousand units, a 65% year-over-year increase[29] - Overseas sales volume in 4Q24 was 44 thousand units, a 64% year-over-year increase[29] - Total revenue for 4Q24 was RMB 819 million[29], representing a 71% year-over-year increase[29] - Total revenue in 2024 reached RMB 3288 million, a 24% year-over-year increase[47] Financial Metrics - Gross margin in 4Q24 was 124% of revenues[33] - Adjusted operating expenses in 4Q24 were 190% of revenues[33] - Net margin in 4Q24 was -272%[37] - Adjusted net margin in 4Q24 was -256%[39] Balance Sheet - As of December 31, 2024, cash, restricted cash, deposits & short-term investment totaled RMB 1121 million[35] - Total assets as of December 31, 2024, were RMB 2613 million[35] - Total liabilities as of December 31, 2024, were RMB 1682 million[35]