Electric scooter maker Niu Technologies (NASDAQ: NIU) on Monday announced financial results for the second quarter of fiscal 2025.
- The company’s second-quarter revenue was RMB1.26 billion, an increase of 33.5% from the prior-year period
- Niu reported net income of RMB5.9 million for the second quarter, vs. a loss of RMB 24.9 million in the year-ago period
- On an adjusted basis, Q2 net income was RMB 13.7 million, compared to a loss of RMB 19.5 million in Q2 2024
- Q2 gross margin increased to 20.1% from 17.0% in the corresponding quarter last year
- During the quarter, the company sold a total of 350,090 e-scooters, up 36.7% year over year
- The number of e-scooters sold in China increased 53.6% year-over-year to 318,719
- The company sold 31,371 e-scooters in international markets, down 35.5% year over year
- Revenue per e-scooter was RMB 3,587 in the June quarter, a decrease of 2.3% year-over-year