Niu Technologies: Q4 and Full Year 2024 Financial Results and Operational Highlights
On March 17, 2025, Niu Technologies (NIU), the world-renowned provider of smart urban mobility solutions, unveiled its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Let’s delve into the key figures and operational highlights.
Financial Highlights
The company reported RMB 819.2 million in revenues for the fourth quarter, representing a 71.1% year-over-year increase. Gross margin stood at 12.4%, a decrease from 19.0% in the same quarter of 2023. The net loss amounted to RMB 72.5 million, a marked improvement from the net loss of RMB 130.2 million in the fourth quarter of 2023. Adjusted net loss (non-GAAP) was RMB 66.7 million, a decrease from RMB 122.4 million in the fourth quarter of 2023.
Operational Highlights
Niu Technologies sold a total of 226,634 e-scooters during the fourth quarter, a 64.9% increase year over year. In China, the number of e-scooters sold reached 182,333, a 65.1% year-over-year increase. The international markets saw a sales volume of 44,301 e-scooters, marking a 63.9% year-over-year increase. As of December 31, 2024, the company had 3,735 franchised stores in China and 57 distributors in its international sales network, covering 53 countries.
Impact on Consumers
With Niu Technologies’ continued growth and expansion, consumers can expect more innovative and advanced e-scooters. The company’s focus on increasing its presence in international markets means that consumers in various parts of the world will have access to Niu’s smart urban mobility solutions. This growth also indicates a strong consumer demand for e-scooters, signaling a shift towards sustainable and affordable urban transportation.
Impact on the World
Niu Technologies’ financial and operational success has significant implications for the world. The company’s commitment to providing affordable and sustainable urban mobility solutions aligns with the global push towards reducing carbon emissions and addressing traffic congestion in cities. Furthermore, its expansion into international markets contributes to the globalization of the e-scooter industry and fosters competition, leading to innovation and advancements in the technology.
Conclusion
In summary, Niu Technologies’ impressive fourth quarter and full year 2024 financial results demonstrate the strong consumer demand for smart urban mobility solutions and the company’s commitment to innovation and expansion. The growth in sales volume, both in China and internationally, positions Niu Technologies as a key player in the e-scooter industry. The company’s impact on consumers and the world extends beyond just providing an affordable and sustainable transportation option; it represents a shift towards a more sustainable and interconnected urban future.
- Niu Technologies reported RMB 819.2 million in revenues for Q4 2024, a 71.1% year-over-year increase.
- Gross margin stood at 12.4%, a decrease from 19.0% in the same quarter of 2023.
- Net loss was RMB 72.5 million, an improvement from the net loss of RMB 130.2 million in Q4 2023.
- Adjusted net loss (non-GAAP) was RMB 66.7 million, a decrease from RMB 122.4 million in Q4 2023.
- 226,634 e-scooters were sold in Q4 2024, a 64.9% year-over-year increase.
- 182,333 e-scooters were sold in China, a 65.1% year-over-year increase.
- 44,301 e-scooters were sold in international markets, a 63.9% year-over-year increase.
- As of December 31, 2024, Niu Technologies had 3,735 franchised stores in China and 57 distributors in its international sales network.
- The growth in sales volume and expansion into international markets positions Niu Technologies as a key player in the e-scooter industry.
- Niu Technologies’ impact on consumers and the world extends beyond just providing an affordable and sustainable transportation option; it represents a shift towards a more sustainable and interconnected urban future.
