-- Second Quarter Revenues of RMB 1,255.7 million, increase 33.5% year over year -- Second Quarter Net Income of RMB 5.9 million, compared to net loss of RMB 24.9 million in the same period of last year BEIJING, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights Revenues were RMB 1,255.7 million, an increase of 33.5% year over year Gross margin was 20.1%, compared with 17.0% in the second quarter of 2024 Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024 Adjusted net income (non-GAAP) 1 was RMB 13.7 million, compared with adjusted net loss of RMB 19.5 million in the second quarter of 2024 Second Quarter 2025 Operating Highlights The number of e-scooters sold was 350,090, up 36.7% year over year The number of e-scooters sold in China was 318,719, up 53.6% year over year The number of e-scooters sold in the international markets was 31,371, down 35.5% year over year The number of franchised stores in China was 4,304 as of June 30, 2025 The number of distributors in our international sales network was 57, covering 53 countries as of June 30, 2025 Dr. Yan Li, Chief Executive Officer of the Company, remarked, "During China's e-commerce peak season in May and June, our products consistently ranked among the best-selling mid to high-end models in the electric bicycle and electric motorcycle sectors.
