Niu Technologies Full Year 2023 Earnings: Misses Expectations

Niu Technologies (NASDAQ:NIU) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.65b (down 16% from FY 2022).
• Net loss: CN¥271.8m (loss widened by 450% from FY 2022).
• CN¥3.47 loss per share (further deteriorated from CN¥0.64 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Niu Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 21%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are up 18% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Niu Technologies has 1 warning sign we think you should be aware of.

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