Niu Technologies reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 3,168.6 million compared to CNY 3,704.54 million a year ago. Net loss was CNY 49.46 million compared to net income of CNY 225.82 million a year ago.

Basic loss per share from continuing operations was CNY 0.64 compared to basic earnings per share from continuing operations of CNY 2.94 a year ago. Diluted loss per share from continuing operations was CNY 0.64 compared to diluted earnings per share from continuing operations of CNY 2.82 a year ago.