Niu Technologies reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 417.24 million compared to CNY 575.48 million a year ago. Net loss was CNY 60.34 million compared to CNY 29.58 million a year ago.

Basic loss per share from continuing operations was CNY 0.78 compared to CNY 0.38 a year ago. Diluted loss per share from continuing operations was CNY 0.78 compared to CNY 0.38 a year ago.