Niu Q3 Earnings: Scooter Volume Up, But Price Drops And Margins Tighten, Strong Q4 Outlook And More
Niu Q3 Earnings: Scooter Volume Up, But Price Drops And Margins Tighten, Strong Q4 Outlook And More
The number of e-scooters sold increased by 17.5% Y/Y to 312,405, with sales in China growing by 12.4%. International e-scooter sales climbed 50.3% to 53,311 units. The number of franchised stores in China was 3,345 as of September 30, 2024.Chinese electric scooter company Niu Technologies (NASDAQ:NIU) reported a fiscal third-quarter 2024 revenue growth of 10.5% to 1.02 billion Chinese yuan ($145.90 million), mainly due to an increase in sales volume of 17.5%, partially offset by a decrease in revenues per e-scooter of 6.0%.
中國電動車公司小牛電動（納斯達克:NIU）報告稱，2024年第三季度營業收入增長10.5%，達到10.2億人民幣（合14590萬美元），主要是因爲銷售成交量增長了17.5%，部分抵消了每輛電動車收入下降了6.0%。
The company reported loss per ADS of $(0.07). Adjusted net loss was (34.25) million Chinese yuan, compared to (69.96) million Chinese yuan loss a year ago.
該公司每ADS虧損$(0.07)。調整後的淨虧損爲(3425)萬人民幣，而上年同期虧損爲(6996)萬人民幣。
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分析師指出：迪士尼的流媒體利潤和園區復甦正在引領發展的方向。
The number of e-scooters sold increased by 17.5% Y/Y to 312,405, with sales in China growing by 12.4%. International e-scooter sales climbed 50.3% to 53,311 units. The number of franchised stores in China was 3,345 as of September 30, 2024.
電動車銷量同比增長了17.5%，達到312,405輛，中國市場銷量增長了12.4%。國際電動車銷量增長了50.3%，達到53,311輛。截止2024年9月30日，中國的特許連鎖店數量爲3,345家。
The quarterly gross margin declined 760 basis points Y/Y to 13.8%, mainly due to a higher proportion of kick-scooter sales in international markets, changes in the product mix of e-scooters, and increased sales incentives to franchisees in the Chinese market.
季度毛利率同比下降了760個點子，降至13.8%，主要是由於國際市場踢踏車銷量比例增加，電動車產品組合變化，以及增加了中國市場特許經銷商的銷售激勵。
The operating loss for the quarter was (58.49) million Chinese yuan versus a loss of (89.52) million Chinese yuan a year ago. The company held 1.05 billion Chinese yuan in cash and equivalents as of September 30, 2024.
該公司季度運營虧損爲(5849)萬人民幣，而去年同期虧損爲(8952)萬人民幣。截至2024年9月30日，該公司持有10.5億人民幣的現金及等價物。
CEO Yan Li noted that third-quarter sales growth fell short of targets due to recent policy changes in China affecting sales timing. However, retail demand remains robust, and the upcoming product lineup aligns with the new regulations, positioning the company well to manage these shifts. The launch of the NX Hyper electric motorcycle represents a key milestone, emphasizing a focus on performance and innovation.
CEO嚴立指出，由於中國最近的政策變化影響銷售時間，第三季度銷售增長未達到預期。但是，零售需求仍然強勁，並且即將推出的產品陣容符合新規定，使公司能夠很好地應對這些變化。NX Hyper電動摩托車的推出代表着一個重要里程碑，強調了對性能和創新的關注。
Li added that the company has maintained a strong pace of new store openings this year, creating a solid base for future growth. At the recent Milan EICMA event, they introduced a series of new scooters, highlighting advanced design and innovative technology. These models will soon launch in the EU and the US.
嚴立補充道，該公司今年一直在維持新門店開張的強勁步伐，爲未來增長打下了堅實基礎。在最近的米蘭EICMA活動中，他們推出了一系列新的電動車，突顯出先進的設計和創新科技。這些型號將很快在歐盟和美國推出。
Li expressed confidence in navigating market changes and delivering strong performance.
李表達了對市場變化的導航和強勁業績的信懇智能。
Outlook: Niu expects fourth-quarter revenues of 622 million Chinese yuan – 718 million Chinese yuan, representing a 30%-50% Y/Y increase.
展望： 小牛電動預計第四季度營收爲62200萬人民幣至71800萬人民幣，同比增長30%-50%。
Niu Technologies stock plunged 7% year-to-date.
小牛電動股票今年以來下跌了7%。
Price Action: NIU shares closed lower by 0.50% at $1.99 on Friday.
價格走勢： NIU股票週五收跌0.50%，報1.99美元。
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譯文內容由第三人軟體翻譯。
