Niu Technologies (Nasdaq: NIU) today released its Earnings Reports for the fourth quarter and full year of 2024, ending December 31. In the fourth quarter, revenue was 0.8192 billion yuan, a year-on-year increase of 71.1%. The net loss was 72.5 million yuan, compared to a net loss of 0.1302 billion yuan in the same period of 2023. On a non-GAAP basis, the adjusted net loss was 66.7 million yuan, compared to an adjusted net loss of 0.1224 billion yuan in the same period of 2023. For the full year of 2024, revenue was 3.2883 billion yuan, an increase of 24.0% compared to 2023. The net loss was 0.1932 billion yuan, compared to a net loss of 0.2718 billion yuan in 2023. On a non-GAAP basis, the adjusted net loss was 0.169 billion yuan, compared to an adjusted net loss of 0.2242 billion yuan in 2023.