Niu Technologies provided revenues of the first quarter 2023 and full year 2023. For the quarter, the company expects revenue to be in the range of RMB 403 million to RMB 489 million, representing a year-over-year decrease of 15% to 30%.

For the year 2023, company expects the sales volume to be in the range of 1 million to 1.2 million units, representing a year-over-year increase of approximately 20% to 45%.