Electrical scooter maker Niu Applied sciences (NASDAQ: NIU) on Monday introduced monetary outcomes for the second quarter of fiscal 2025.
- The corporate’s second-quarter income was RMB1.26 billion, a rise of 33.5% from the prior-year interval
- Niu reported internet earnings of RMB5.9 million for the second quarter, vs. a lack of RMB 24.9 million within the year-ago interval
- On an adjusted foundation, Q2 internet earnings was RMB 13.7 million, in comparison with a lack of RMB 19.5 million in Q2 2024
- Q2 gross margin elevated to twenty.1% from 17.0% within the corresponding quarter final yr
- Through the quarter, the corporate offered a complete of 350,090 e-scooters, up 36.7% yr over yr
- The variety of e-scooters offered in China elevated 53.6% year-over-year to 318,719
- The corporate offered 31,371 e-scooters in worldwide markets, down 35.5% yr over yr
- Income per e-scooter was RMB 3,587 within the June quarter, a lower of two.3% year-over-year
