Q2 2021 NIU Technologies Earnings Call
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The sales of oil for the fifth quarter globally anywhere between 5 million units two 7 million units.
And then where do you factor in the kids ones are not the kids line.
So you know I do think that it's possible for us in the next few years to get to the <unk>.
One minute units for the kick scooters and.
If you look at our first <unk> three that's the key.
Scooter that we'd see that we'd do the launch.
Launched in the Gogo is basically a pro funding website and and we quickly able to get.
More than 2000 unit orders and keep in mind that.
The people, who order those pick scooters.
See the profit real product, the only sort of peak trough.
And also the orders number won't be delivered to them until literally until starting August or September so where are they actually putting money in July and August.
They had to wait for a couple of months.
<unk> come in.
No.
What are those things that we're still managed to actually to get into more than 2000 of orders. So it actually demonstrate our strong capability in the product designs.
You know the kick scooter is gaining traction from our global users.
And obviously, having a single product line for that kicks would or wouldn't get up to 1 million units.
I think our product pipeline, we actually have about two or three more.
Product lines of product peers in that kicks scooter anywhere it can create.
From from a cheaper.
Our product to a more expensive product to provide a wider range of clicks quarter product that will allow us to get to the $1 million.
I think thats what.
Near future targets that we're setting our cell phone.
I'll have hardy to talk about a little bit on this on the same store sales then.
The source for.
So the same store sales.
Separately I think one is the company open to survive hospital associated in prostate cancer.
Declining but have been great.
We believe.
Growth is a leading indicator there really needs to think about it.
And as a company for today and the future is.
A couple of tools.
It leads to higher order growth I can't give you a map of your numbers.
For example, if you look at the Q2.2019.
In Q2, 2019, we opened only around 134.
And intuitively it opened around 464, I think you covered the same store sales and the other thing.
So I don't really see that.
The faster growth of our stores.
They make our same store.
Last competitive compared with what you are thinking about it.
This is a one off item.
Is that correct.
As I mentioned.
Building new stores. They always have had for the collateral material. Therefore is kind of leading Kate Hudson did anything in Uruguay to think about it was one of the lessons.
Fixed timing Tomas has ample of integrated care for that or combined loss.
2018 that in 2018, because we are very busy with the leasing in the U S. Bill has already announced 300 stores in 2018 because of the slow opened more stores in 2018.
Kind of did not support our profit growth in 2019. So thats. Another example, you can think about it shortly.
Fossil imports will in some way make our same store sales looks.
That's very good but we still believe that's a very important lesson of doing so.
Looking for long term growth for our company. It's a one way if you look on the numbers.
The store is also a very important result.
The location is.
Very important overwhelming.
Customers will also take this opportunity in China to grab some of the very first location ample cash position ourselves.
Uh huh.
Gross production in the future.
Today some of the other.
A competitor of ours. They also released there.
Second quarter results, if you compare it to our investors are resulting in any event I think because we are we are willing to invest in the retail network expansion. That's because we have more confidence to grow our sales growth over the next few quarters. So these are some comments to you, especially on a same store sales.
Got it thank you thought your sponsors.
Okay.
Thank you once again for those who wish to ask a question. Please press star and the number one on your telephone.
Telephone keypads.
Daniel.
Three questions. Please first Taiwan.
We need to be announced.
Okay.
Okay.
There are no further questions I'd now like to hand, the conference back to the question is.
Thank you.
Alright, Thank you operator, and thank you all for participating in today's call for your support we appreciate your interest and look forward to reporting to you again next quarter on our progress.
Thank you.
Okay.
Thank you and this concludes today's conference call. Thank you for participating.
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