https://ir.niu.com/news-releases/...audited-fourth-quarter-and-full-1Fourth Quarter 2024 Financial Highlights
Revenues were RMB 819.2 million, an increase of 71.1% year over year
Gross margin was 12.4%, compared with 19.0% in the fourth quarter of 2023
Net loss was RMB 72.5 million, compared with net loss of RMB 130.2 million in the fourth quarter of 2023
Adjusted net loss (non-GAAP)1 was RMB 66.7 million, compared with adjusted net loss of RMB 122.4 million in the fourth quarter of 2023
Fourth Quarter 2024 Operating Highlights
The number of e-scooters sold was 226,634, up 64.9% year over year
The number of e-scooters sold in China was 182,333, up 65.1% year over year
The number of e-scooters sold in the international markets was 44,301, up 63.9% year over year
The number of franchised stores in China was 3,735 as of December 31, 2024
The number of distributors in our international sales network was 57, covering 53 countries as of December 31, 2024