Overview

* NIU Q2 revenue rises 33.5% yr/yr to RMB 1,255.7 mln

* Net income of RMB 5.9 mln vs net loss last year

* Gross margin improves to 20.1% from 17.0% in Q2 2024

Outlook

* NIU expects Q3 2025 revenue between RMB 1,433 mln and RMB 1,638 mln

* Company anticipates 40% to 60% revenue growth in Q3 2025

* NIU cites geopolitical and economic uncertainties affecting international sales

Result Drivers

* CHINA SALES - E-scooter sales in China rose 53.6% yr/yr, driving revenue growth despite a 5.3% decrease in revenue per e-scooter

* INTERNATIONAL DECLINE - International e-scooter sales fell 35.5% yr/yr, impacted by geopolitical and economic uncertainties

* COST REDUCTION - Improved gross margin due to cost-reduction initiatives and product mix changes in China

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 RMB 1.26

Revenue bln

Q2 RMB

Adjusted 13.70

Net mln

Income

Q2 Net RMB 5.90

Income mln

Q2 Gross 20.1%

Margin

Q2 RMB

Operatin 264.90

g mln

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto & truck manufacturers peer group is "buy"

* Wall Street's median 12-month price target for NIU Technologies ( NIU ) is $3.80, about 0.5% above its August 8 closing price of $3.78

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)