Michael Siemens's questions to NIU Technologies (NIU) leadership • Q2 2025
Question
Michael Siemens from Global View noted that revenue growth has recently lagged sales volume growth and asked if the Q3 guidance of 40-60% revenue growth implies that revenue growth will finally outpace scooter volume growth.
Answer
CEO Yan Li responded that he expects revenue growth and volume growth to be very similar and in line for Q3. He explained that Q3 is traditionally a lower ASP quarter due to being a peak sales season in China where lower-end models represent a higher percentage of sales. Based on historical trends and the first 40 days of the quarter, the company estimates the growth rates for revenue and volume will be comparable.