On August 12th, Xiaoniu Electric announced its unaudited financial performance for the second quarter, with revenue of 940.5 million yuan, a year-on-year increase of 13.5%; The net loss was 24.9 million yuan, compared to a net loss of 1.9 million yuan in the same period last year; The adjusted net loss (non GAAP) was 19.5 million yuan, while the adjusted net income for the same period last year was 14.4 million yuan.
It is expected that the revenue for the third quarter of 2024 will be between 1.298 billion yuan and 1.483 billion yuan, a year-on-year increase of 40% to 60%.