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- NasdaqGM:NIU
Niu Technologies First Quarter 2024 Earnings: CN¥0.69 loss per share (vs CN¥0.78 loss in 1Q 2023)
Niu Technologies (NASDAQ:NIU) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥504.7m (up 21% from 1Q 2023).
- Net loss: CN¥54.8m (loss narrowed by 9.2% from 1Q 2023).
- CN¥0.69 loss per share (improved from CN¥0.78 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Niu Technologies Earnings Insights
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are down 13% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Niu Technologies that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Niu Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:NIU
Niu Technologies
Designs, manufactures, and sells electric scooters in the People's Republic of China, Europe, and internationally.
High growth potential and good value.