NIU - Niu Technologies

แหล่งรวบรวมข้อมูลของหุ้นประเทศ All for one, one for global
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PK-TYW
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NIU - Niu Technologies

Posts by PK-TYW » Fri Dec 11, 2020 10:41 am

NIU ทำธุรกิจE-scooter กินmarketashare26%ในจีน พยายามตีตลาดeu,indonesiaอยู่ น่าจะเป็นอันดับ1ของโลกด้านe-scooterครับ

growthปีละ50% และเริ่มมีกำไรบ้างแล้ว ส่วนvaluationถูกกว่ากลุ่มev, tech next-gen พอสมควร

product: https://www.niu.com/en/



PK-TYW
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Re: NIU - Niu Technologies

Posts by PK-TYW » Fri Dec 11, 2020 10:58 am




PK-TYW
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Re: NIU - Niu Technologies

Posts by PK-TYW » Fri Dec 11, 2020 1:04 pm

Niuกำลังdevelop 2 productใหม่คือ

E-motorcycle- R serie

E-commuter-T serie (เป็นautonomous driving)ตัวนี้ถ้าทำได้ก็disruptอุตสาหกรรม



PK-TYW
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Re: NIU - Niu Technologies

Posts by PK-TYW » Thu Jan 07, 2021 7:50 pm

Niu Technologies reports sales volume increased 40.9% in Q4
Jan. 07, 2021 5:30 AM ETNiu Technologies (NIU)By: Niloofer Shaikh, SA News Editor2 Comments
Niu Technologies (NASDAQ:NIU) reports sales volume rose 40.9% Y/Y to 149,705 e-scooters in Q4, led by 179.6% growth in international markets driven by the demand recovery.
The number of e-scooters sold in the China markets grew 35% to 137,586, driven by retail network expansion and new products such as G0, MQi2 and MQiS, launched earlier this year.
The total units of G0 sold during the Q4 represents ~21.5% and MQi2 and MQiS represents ~21.2% of total China market volume.
For FY2020, the company sold ~600,892 e-scooters, +42.6% Y/Y.



Noinar
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Re: NIU - Niu Technologies

Posts by Noinar » Thu Jan 07, 2021 8:41 pm

Niu Technologies: Completion Of VC Exit Could Create Another Inflection Point

ummary
NIU share price has increased over 5x since $6.2 March low this year despite IDG and GGV Capital, two of its largest VC backers, liquidating large volumes of shares throughout.

Based on precedents and industry practice, we expect GGV to continue reducing its shareholding in the next 2 quarters before completely exiting the investment.

Given the growth thesis intact, the exit of this nonfundamental large seller could reshape the balance of the order book and create an inflection point for stock price.

NIU is the dominant player in China's growing lithium scooter market
Founded in 2015, NIU is China's leader in the growing lithium electric scooter market with the largest 26% market share by unit volume, according to CITIC Securities. Started as an urban mobility solution provider solving the congestion problem, it IPO'd in 2018 and has since grown to a fashionable household brand commanding defensible pricing premium. Despite volume weighted ASP is already 2x higher than competitors, NIU successfully raised prices 3 years straight (2017-2019) while keeping cost per scooter largely flat (around 3800 CNY). In FY19, NIU for the first time made $23 profit on $300 revenue at 7.4% EBITDA margin. This year, sales have accelerated on the dual tailwind of COVID (as people look for public transport alternative) and favorable regulatory regime change (more below). 2Q revenue grew 22% YoY on 82% China volume growth; and the momentum continued into 3Q as China volume grew another 70% (all compared to same quarter last year). We estimate the whole year volume growth ends up around 50% this year, overtaking the 24% of FY19 by a large margin.

NIU Existing Product Portfolio, from 2Q20 Corporate Presentation
90% of NIU's revenue comes from scooter sales, with the rest being parts and services revenue. Within the scooter segment, China sales account for 86% of revenue (followed by Europe 10%) of which 70-80% comes from top 30 tier 1/2 cities where it has over 1,080 retail stores.

Chinese lithium-battery scooters sales are forecasted to grow at CAGR 84.4% by 2022, as penetration increase from 14% to 45%. This is primarily driven by a new piece of regulation. China is the world's largest scooter market with 250m existing units and over 30m annual unit sales, and most are lead-battery scooters. Though the market is already saturated, recent regulation is bringing a new era to the competitive landscape: April 2019's implementation of the new National Standards on Electric Bicycles (first revision since 1999) is driving a historic replacement cycle of 250m existing lead-scooters to lithium-scooters by 2021/2022.

Drafted in May 2018 and implemented April 2019, New National Standards on Electric Bicycles (GB17761-2018) for the first time clarified differentiated regulatory definitions and treatments for electric bicycles (e-bike) versus electric motorbikes (e-motorbike): e-bikes are <25km/h speed, <55kg; whereas above those limits are counted as e-motorbikes. Both e-bikes and e-motorbikes will require real-name registration and are assigned different license plates, except that e-motorbikes would additionally require a driver's license, mandatory insurance, far more expensive license plates (in some cities even limited numbers), and will be regulated as motorized vehicles.

According to CITIC research, 90% of the 250m existing scooters in China are non-compliant under e-bike classification (either >55kg or does not meet other technical standards). Though the regulation came out in 2Q19, many cities gave 1-3 years as a transition period (by issuing interim licenses) before their strict enforcement. Therefore, by 3Q22, most of the 250m scooters are expected to have been replaced. Because lithium batteries are only 1/4 the weight of lead (which alone is 44kg), the 55kg rule is also implicitly pushing the sector to transition from lead to lithium. Hence why NIU, the largest lithium scooter manufacturer, is so well positioned for this opportunity.

Price not cheap but could see another inflection point
Admittedly, much of this growth outlook is already priced in. NIU shares have surged 5x this year since March low and are currently trading at 3.5x NTM revenue and 34x forward EBITDA. This is not cheap. Assuming the spread between ASP and cost per scooter to remain and volume grows in line with company target (reaching 1-1.5m by 2022), our DCF model estimates NIU's EBITDA to reach 680m CNY ($105m) in 2022 on 80% CAGR from this year. The current $34 share price ($2.4 billion EV), therefore, implies a 23x 2021 forward EV/EBITDA multiple, higher than both Russell 2000 and the NASDAQ index with which it has historically traded in line.

" Risk comes from not knowing what you’re doing " Warrent Buffett


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mr.bullish
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Re: NIU - Niu Technologies

Posts by mr.bullish » Thu Jan 07, 2021 10:12 pm

คู่แข่งกับ
yadea(雅迪) สิครับเน่ย

ฝากติดตาม เพจลงทุนหุ้นจีน หุ้นต่างประเทศเพิ่มเติม ที่เพจ ขงเบ้ง ลงทุน ครับ

https://www.facebook.com/kongminginvest


PK-TYW
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Re: NIU - Niu Technologies

Posts by PK-TYW » Thu Jan 07, 2021 10:31 pm

mr.bullish wrote:
Thu Jan 07, 2021 10:12 pm
คู่แข่งกับ
yadea(雅迪) สิครับเน่ย
คู่แข่วทำe bikeได้ยังครับ? Niuถ้าทำe bikeได้หุ้นจะเซ็กซี่ขึ้นอีกเยอะ



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