Brief News: Operating expenses surge, Niu Tech's first-quarter losses widen by 1.4 times
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Niu Tech announced its first-quarter financial report, with revenue increasing by 33.4% year-on-year to CNY 909.5 million, but net losses widened by 142% to CNY 93.92 million. Total sales grew by 28.7% to 261,600 units, with sales in the Chinese market increasing by 35.4%. Operating expenses rose by 59.7% to CNY 263.6 million, leading to an exacerbation of net losses. The company expects revenue to grow by 25% to 45% in the second quarter. U.S. stocks fell sharply by 14.96% on Monday
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