Niu Technologies reports strong electric scooter sales, strong growth in revenue in it’s Q4 and 2019 financial report

NIU designs, manufactures and sells electric bicycles, motorcycles, and scooters aimed at the urban mobility market.

NIU reports »

— Fourth Quarter Total volume of e-scooter sales up 13.5% year over year

— Fourth Quarter Revenues of RMB 536.1 million, up 25.4% year over year

— Fourth Quarter Net income of RMB 60.7 million, compared to net loss of RMB 32.0 million in the fourth quarter of last year

— Full Year Total volume of e-scooter sales up 24.1% year over year

— Full Year Revenues of RMB 2,076.3 million, up 40.5% year over year

— Full Year Net income of RMB 190.1 million, compared to net loss of RMB 349.0 million in 2018

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