crouchingtigerhiddendragon1| Changes in U.S. stocks 丨 Mavericks Electric plunged 11.5% Q1 adjusted net loss of 48.5 million yuan

Mavericks Electric (NIUcrouchingtigerhiddendragon1.US) U.S. stocks fell sharply 11.5% to $2.11. The company's revenue in the first quarter was 504.7 million yuan, a year-on-year increase of 21.0%. The net loss was 54.8 million yuan, compared with a net loss of 60.3 million yuan for the same period in 2023. Not in accordance with U.S. GAAP, adjustedcrouchingtigerhiddendragon1The net loss of the Group was 48.5 million yuan, compared with a net loss of 46.1 million yuan for the same period in 2023.