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Niu Applied sciences (“Niu”) revenues have been RMB 986.1 million in This fall 2021, a rise of 46.7% 12 months over 12 months, in accordance with its monetary outcomes.
The gross margin was 22.6%, in contrast with 25.2% within the fourth quarter of final 12 months. Internet earnings was RMB 47.6 million, a lower of 18.1% in contrast with RMB 58.2 million within the fourth quarter of final 12 months. Adjusted web earnings (non-GAAP) was RMB 60.2 million, a lower of 12.2% in contrast with RMB 68.6 million within the fourth quarter of final 12 months.
The variety of Niu e-scooters bought reached 238,188, up 58.3% 12 months over 12 months:
- The variety of e-scooters bought in China reached 205,239, up 49.2% 12 months over 12 months
- The variety of e-scooters bought within the worldwide markets was 32,949, up 155.8% 12 months over 12 months
The variety of franchised shops in China was 3,108 as of December 31, 2021, a rise of 422 from September 30, 2021. The worldwide gross sales community expanded to 42 distributors protecting 50 nations.
In This fall, Niu efficiently delivered 14,916 models of kick-scooters within the worldwide markets. Moreover, it debuted 5 thrilling new merchandise at EICMA 2021 in Milan for the worldwide markets, together with its strongest 125cc electrical moped, the MQiGT-EVO, the primary 150cc hybrid moped, the YQi, e-bike BQi, and two further KQi collection kick scooters.
Revenues in full-year 2021 have been RMB 3,704.5 million, a rise of 51.6% 12 months over 12 months, primarily pushed by 72.5% will increase in e-scooter gross sales quantity.
E-scooter gross sales revenues from China market represented 89.9% of its complete revenues from e-scooter gross sales, and e-scooter gross sales revenues from abroad markets represented 10.1% of the whole revenues from e-scooter gross sales.
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