Niu Technologies (STU:0O9)

Q4 2024 NIU Technologies Earnings Call Transcript

Mar 17, 2025 / 12:00PM GMT

Release Date Price: €3.12 (+26.32%)

Transcript

Key Points

Positve

Niu Technologies (NIU) achieved a significant 65% year-over-year growth in total sales volume for Q4 2024, with 226,600 units sold.
Total revenue for Q4 2024 increased by 71% year-over-year, reaching RMB819 million.
The company expanded its product offerings with the introduction of the new F-Series and high-performance NX and NXT Series, enhancing its competitive product portfolio.
Niu Technologies (NIU) successfully opened approximately 900 new stores in 2024, with plans to open another 1,000 to 1,500 stores in 2025, strengthening its market presence.
The overseas market saw a substantial 64% growth in sales volume in Q4 2024, driven by strategic market expansion and operational optimization.

Negative

The overall gross margin for Q4 2024 decreased to 12.4%, down 6.6 percentage points compared to the same period last year.
The overseas branded scooter ASP decreased by 25% due to a change in product mix, with kick-scooters accounting for 98% of total overseas scooter sales volume.
The company faced significant headwinds in the micro mobility market due to a 25% US tariff increase on key products, impacting margins.
Niu Technologies (NIU) reported a net loss of RMB73 million for Q4 2024 and a full-year net loss of RMB193 million.
The company experienced a decline in gross margin for the full year 2024, down from 21.5% in 2023 to 15.2%, primarily due to overseas factors and domestic market challenges.

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Niu Technologies fourth-quarter 2024 earnings release conference call. (Operator Instructions) Please be advised that today's conference is being recorded. If you have any objections, you may disconnect at this time.

I would like now to turn the conference over to Kristal Li, Investor Relations Manager of Niu Technologies Ms. Li, please go ahead.

Kristal Li

NIU Technologies - Investor Relations Manager

Thank you, operator. Hello, everyone. Welcome to today's conference call to discuss Niu Technologies' results for the fourth quarter and full year 2024. The earnings press release, corporate presentation, and financial spreadsheet has been posted on our Investor Relations website. This call is being webcast from our company's IR site as well, and a replay of the call will be available soon.

Please note, today's discussion will contain forward-looking statements made under the safe harbor provision of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements

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