Niu Technologies Feels the Cost Squeeze As Supply Chain Pressures Hammer Margins
Niu Technologies stock plunged after swinging to a Q2 loss and gross margin contraction, despite a 14.7% rise in revenue.
Niu made more sales but paid too much for supplies and materials, so it didn't make as much profit—even losing money that quarter. When a company's costs go up faster than its sales, watch to see if they can find ways to make things cheaper or raise prices.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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