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-- BEIJING , China , August 16 , 2021 - Niu Technologies ( " NIU " , or " the Company " ) ( NASDAQ : NIU ) , the world's leading provider of smart urban mobility solutions , today announced its financial results for the second quarter 2021 . Second Quarter 2021 Financial Highlights Revenues were RMB 944.7 million , an increase of 46.5 % year over year Gross margin was 22.7 % , compared with 23.0 % in the second quarter of last year Net income was RMB 91.8 million , an increase of 61.6 % compared with RMB 56.8 million in the second quarter of last year Adjusted net income ( non - GAAP ) ¹ was RMB 104.0 million , an increase of 53.4 % compared with RMB 67.8 million in the second quarter of last year Second Quarter 2021 Operating Highlights The number of e - scooters sold reached 252,998 , up 58.0 % year over year The number of e - scooters sold in China reached 246,018 , up 58.8 % year over year The number of e - scooters sold in the international markets reached 6,980 , up 34.8 % year over year The number of franchised stores in China was 2,366 , an increase of 450 since March 31 , 2021 International sales network expanded to 40 distributors covering 48 countries ● ● ● ถูก เบ A NIU WAY FORWARD Niu Technologies Announces Second Quarter 2021 Financial Results -- Second Quarter Total Volume of e - scooter sales up 58.0 % year over year -- Second Quarter Revenues of RMB 944.7 million , up 46.5 % year over year Second Quarter Net Income of RMB 91.8 million , compared with RMB 56.8 million in the same period of last year ● Dr. Yan Li , Chief Executive Officer of the Company , commented : " We delivered another strong quarter with China sales volume up by 58.8 % and international markets sales volume up by 34.8 % year - over year despite continued challenges with COVID - 19 and international logistics . Our new products FO and F2 have been well received by customers and contributed to the volume growth . Our online sales accounted for 21.4 % of our total sales volume , and reached a historical high due to successful launch of FO through e - commerce platform . Our product mix also improved compared with previous quarter . The sales volume from low - priced models GO and FO represented 30.4 % of total sales volume , compared with the 38.2 % in the first quarter . As a result , revenues per e - scooter improved by 8.3 % over previous quarter . " Dr. Li continued , " in July , we started to deliver another new model CO which was specifically designed for female customers . The retail sales price for CO model starts from RMB 3,399 , higher than the prices for GO and FO . We also began the pre - sale of our newly launched kick - scooter , the KQi3 model , in ¹ Adjusted net income / loss ( non - GAAP ) is defined as net income / loss excluding share - based compensation expense