Niu(US:NIU)2022-08-15 15:34Company Overview - NIU has sold 3 million scooters globally as of June 30, 2022[1] - The company operates in 52 countries with 3,329 dedicated stores[5, 19] - NIU has 53 country distributors and 336 city partners[18] Product and Market Expansion - NIU is expanding its product lines in China, targeting the mass-medium market with models like NQi, MQi, UQi, and G series[7] - The company is extending its brand into new categories in the EU and US markets with products like KQi, BQi, and RQi series[11] - NIU introduced high-end and mid-end models in Indonesia as a starter in Asian markets[12] Financial Performance - The company has a solid balance sheet with a strong cash position, holding RMB 1,050 million in cash, restricted cash, deposits, and short-term investments as of June 30, 2022[38] - Total assets amounted to RMB 2,453 million, with total liabilities and equity also at RMB 2,453 million[38] - As of June 30, 2022, notes and accounts payable were RMB 690 million, and short-term bank borrowings were RMB 180 million[36]