Niu Technologies announces fourth quarter and full year 2019 financial results.

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    • Abstract:
      B Fourth Quarter 2019 Financial Results b Revenues were RMB 536.1 million, an increase of 25.4% year over year, due to in E-scooter sales represented 83.7% of total revenues, while accessories, spare parts sales and service revenues represented 16.3% of total revenues. China represented 90.4% of total e-scooter revenues, while international markets represented 9.6% of total e-scooter revenues. creased sales volume of 13.5% and increased revenues per e-scooter of 10.5%. Research and development expenses were RMB 19.1 million (including RMB 1.9 million of share-based compensation), a decrease of 13.6% from RMB 22.1 million in the fourth quarter of 2018, mainly due to the decrease of share-based compensation expenses of RMB 7.3 million. [Extracted from the article]
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