NIU Technologies
NASDAQ:NIU

  • LAST PRICE
    1.9900
  • TODAY'S CHANGE (%)
    -0.1400 (-6.5728%)
  • Bid / Lots
    1.9700/ 8
  • Ask / Lots
    2.0500/ 21
  • Open / Previous Close
    2.1000 / 2.1300
  • Day Range
    1.9700
    2.1200
  • 52 Week Range
    1.5650
    4.8150
  • Volume
    391,617

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  • May 20, 2024

      Show headlines and story abstract

    • 3:02AM ET on Monday May 20, 2024 by Dow Jones
      Companies Mentioned: NIU

    • 3:00AM ET on Monday May 20, 2024 by GlobeNewswire
      Companies Mentioned: NIU

    • 3:00AM ET on Monday May 20, 2024 by Dow Jones
      Companies Mentioned: NIU
      Total liabilities 1,095,715,415 1,327,638,196 183,875,767 ============= ============= ============ SHAREHOLDERS' EQUITY: Class A ordinary shares 90,031 90,215 12,495 Class B ordinary shares 10,316 10,316 1,429 Additional paid-in capital 1,964,138,365 1,970,596,785 272,924,502 Accumulated other comprehensive loss (9,495,674) (8,989,181) (1,244,987) Accumulated deficit (861,126,804) (915,924,417) (126,854,067) ------------- ------------- ------------ Total shareholders' equity 1,093,616,234 1,045,783,718 144,839,372 ------------- ------------- ------------ Total liabilities and shareholders' equity 2,189,331,649 2,373,421,914 328,715,139 ============= ============= ============ NIU TECHNOLOGIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS Three Months Ended March 31, -------------------------------------------- 2023 2024 ------------- ----------------------------- RMB RMB US$ Revenues 417,236,018 504,734,575 69,904,931 Cost of revenues(a) (326,861,860) (409,184,315) (56,671,373) ------------ ------------ ----------- Gross profit 90,374,158 95,550,260 13,233,558 Operating expenses: Selling and marketing expenses(a) (72,360,079) (105,333,173) (14,588,476) Research and development expenses(a) (35,004,134) (28,930,975) (4,006,894) General and administrative expenses(a) (50,324,650) (30,612,959) (4,239,846) ------------ ------------ ----------- Total operating expenses (157,688,863) (164,877,107) (22,835,216) Government grants 298,853 3,756 520 ------------ ------------ ----------- Operating loss (67,015,852) (69,323,091) (9,601,138) Interest expenses (66,667) (966,400) (133,845) Interest income 8,112,383 9,254,711 1,281,763 Investment income 426,836 - - ------------ ------------ ----------- Loss before income taxes (58,543,300) (61,034,780) (8,453,220) Income tax (expense) benefit (1,794,824) 6,237,167 863,838 ------------ ------------ ----------- Net loss (60,338,124) (54,797,613) (7,589,382) ============ ============ =========== Other comprehensive loss Foreign currency translation adjustment, net of nil income taxes (5,693,250) 506,493 70,148 Unrealized gain on available-for-sale securities, net of reclassification (345,356) - - ------------ ------------ ----------- Comprehensive loss (66,376,730) (54,291,120) (7,519,234) ============ ============ =========== Net loss per ordinary share --Basic (0.39) (0.35) (0.05) --Diluted (0.39) (0.35) (0.05) Net loss per ADS --Basic (0.77) (0.69) (0.10) --Diluted (0.77) (0.69) (0.10) Weighted average number of ordinary shares and ordinary shares equivalents outstanding used in computing net loss per ordinary share --Basic 155,766,833 157,713,699 157,713,699 --Diluted 155,766,833 157,713,699 157,713,699 Weighted average number of ADS outstanding used in computing net loss per ADS --Basic 77,883,417 78,856,850 78,856,850 --Diluted 77,883,417 78,856,850 78,856,850 Note: (a) Includes share-based compensation expenses as follows: Three Months Ended March 31, -------------------------------------------- 2023 2024 ------------- ----------------------------- RMB RMB US$ Cost of revenues 290,987 303,535 42,039 Selling and marketing expenses 3,128,077 2,010,112 278,397 Research and development expenses 6,370,625 1,441,278 199,615 General and administrative expenses 4,402,524 2,555,850 353,981 ------------ ------------ ----------- Total share-based compensation expenses 14,192,213 6,310,775 874,032 NIU TECHNOLOGIES RECONCILIATION OF GAAP AND NON-GAAP RESULTS Three Months Ended March 31, ----------------------------------------- 2023 2024 ------------ --------------------------- RMB RMB US$ Net loss (60,338,124) (54,797,613) (7,589,382) Add: Share-based compensation expenses 14,192,213 6,310,775 874,032 ----------- ----------- ---------- Adjusted net loss (46,145,911) (48,486,838) (6,715,350)

  • Apr 24, 2024

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