Yahoo Finance Niu Technologies First Quarter 2023 Earnings: CN¥0.78 loss per share (vs CN¥0.38 loss in 1Q 2022)
Niu Technologies (NASDAQ:NIU) First Quarter 2023 Results
Key Financial Results
Revenue: CN¥417.2m (down 28% from 1Q 2022).
Net loss: CN¥60.3m (loss widened by 104% from 1Q 2022).
CN¥0.78 loss per share (further deteriorated from CN¥0.38 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Niu Technologies Earnings Insights
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are up 30% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Niu Technologies' balance sheet and an in-depth analysis of the company's financial position.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
