Niu Q3 Earnings: Scooter Volume Up, But Price Drops And Margins Tighten, Strong Q4 Outlook And More

Niu Technologies reported Q3 2024 revenue growth of 10.5% to 1.02 billion Chinese yuan, with an increase in sales volume offset by a decrease in revenues per e-scooter. The company also reported adjusted net loss of (34.25) million Chinese yuan. The number of e-scooters sold increased by 17.5% YoY, with sales in China growing by 12.4% and international sales climbing by 50.3%. The company expects a 30%-50% YoY increase in Q4 revenues.