Shares of Niu Technologies (NIU) jumped 5.48% in pre-market trading on Monday following the release of its first-quarter 2025 financial results, which showed significant improvement in key metrics and a robust outlook for the second quarter.
The world's leading provider of smart urban mobility solutions reported a 35.1% year-over-year increase in revenues to RMB 682.0 million for Q1 2025. This growth was primarily driven by a 57.4% surge in e-scooter sales volume, reaching 203,313 units. Despite a 14.2% decrease in revenue per e-scooter, the company's strategic focus on volume growth appears to be paying off.
Niu Technologies' net loss narrowed to RMB 38.8 million, compared to a net loss of RMB 54.8 million in the same period last year. The company's gross margin stood at 17.3%, slightly down from 18.9% in Q1 2024. Looking ahead, Niu Technologies provided an optimistic outlook for Q2 2025, projecting revenues between RMB 1,317 million to RMB 1,411 million, representing a year-over-year increase of 40% to 50%. This strong guidance, coupled with the company's ongoing expansion in both domestic and international markets, seems to have boosted investor confidence, leading to the pre-market stock surge.
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