Niu(US:NIU)2023-08-14 12:01Company Overview - NIU has sold 3.8 million scooters globally [2] - The company has a sales network that includes 2,844 dedicated stores in China [23] and 55 country distributors [22], covering 53 countries [23] - NIU's current production capacity is 2 million units [26] Financial Performance - In 2022, the company's total revenues reached RMB 3705 million [46] - The company's gross margin was 23.1% [32] - The company's S&M expenses accounted for 13.2% of revenues [32], R&D expenses accounted for 3.4% of revenues [32], and G&A expenses accounted for 7.0% of revenues [32] Balance Sheet - As of June 30, 2023, the company had RMB 1,132 million in cash, restricted cash, deposits & short-term investments [37] - As of June 30, 2023, the company's total assets were RMB 2,385 million [37] and total liabilities were RMB 1,091 million [37] - As of June 30, 2023, the company's total equity was RMB 1,294 million [37]