Niu Technologies reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was CNY 612.27 million compared to CNY 986.06 million a year ago. Net loss was CNY 37.13 million compared to net income of CNY 47.65 million a year ago.

Basic loss per share from continuing operations was CNY 0.48 compared to basic earnings per share from continuing operations of CNY 0.62 a year ago. Diluted loss per share from continuing operations was CNY 0.48 compared to diluted earnings per share from continuing operations of CNY 0.6 a year ago.