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.

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