Niu Technologies reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CNY 828.81 million compared to CNY 827.62 million a year ago. Net loss was CNY 1.91 million compared to net income of CNY 14.36 million a year ago. Basic loss per share from continuing operations was CNY 0.02 compared to basic earnings per share from continuing operations of CNY 0.18 a year ago. Diluted loss per share from continuing operations was CNY 0.02 compared to diluted earnings per share from continuing operations of CNY 0.18 a year ago.
For the six months, sales was CNY 1,246.05 million compared to CNY 1,403.1 million a year ago. Net loss was CNY 62.24 million compared to CNY 15.21 million a year ago. Basic loss per share from continuing operations was CNY 0.8 compared to CNY 0.2 a year ago. Diluted loss per share from continuing operations was CNY 0.8 compared to CNY 0.2 a year ago.