Electrical scooter maker Niu Applied sciences (NASDAQ: NIU) on Monday reported a narrower web loss for the fourth quarter of 2024. Revenues elevated sharply in the course of the three months.
The corporate reported a web lack of RMB72.5 million or RMB0.91 per ADS within the fourth quarter, in comparison with a lack of RMB130.17 million or RMB1.65 per ADS in This autumn 2023.
Complete gross sales elevated 71% year-over-year to RMB819.2 million within the fourth quarter. E-scooter gross sales volumes in China and worldwide markets grew by 65% and 63%, respectively. For the primary quarter of 2025, the administration expects revenues to be within the vary of RMB631 million to RMB707 million.
