Press release from Niu Technologies (NASDAQ:NIU): Q4 GAAP EPAD of -$0.23.
Revenues equal to 67.42 million dollars (-21.8% y/y).
The number of electric scooters sold was 137,476, down 0.6% year-on-year.
The number of electric scooters sold in China was 110,454, down 6.4% year-on-year.
THE The number of electric scooters sold in international markets was 27,022, up 33.7% year-on-year.
The number of franchise stores in China was 2,856 as of December 31, 2023.
The international sales network has been expanded to 56 distributors covering 54 countries as of December 31, 2023.
View: NIU expects first quarter 2024 revenue to be between RMB438 million and RMB480 million, a year-over-year increase of 5% to 15%. NIU expects full-year 2024 sales volume to be between 1.0 and 1.2 million units, representing a year-over-year increase of approximately 41% to 69%.