Niu Technologies Announces Unaudited Third Quarter 2024 Financial Results
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Niu Technologies reported a 10.5% increase in Q3 2024 revenues to RMB 1,023.9 million, with a reduced net loss of RMB 40.9 million. E-scooter sales rose 17.5% year-over-year, but sales growth was impacted by policy changes in China.
November 18, 2024 | 8:15 am
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Niu Technologies reported a 10.5% increase in Q3 2024 revenues and a reduced net loss. E-scooter sales grew 17.5% year-over-year, but policy changes in China affected sales growth.
The increase in revenues and reduction in net loss are positive indicators for NIU, suggesting improved financial health. However, the impact of policy changes in China on sales growth could pose challenges. Overall, the financial results are likely to have a positive short-term impact on NIU's stock price.
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