LI vs NIU
Li Auto Inc. and Niu Technologies, side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | LI | NIU |
|---|---|---|
| Revenue | CNY 112.3B | CNY 4.3B |
| Net income | CNY 1.1B | CNY -39.4M |
| Gross margin | 18.7% | 19.6% |
| Net margin | 1.0% | −0.9% |
| Return on equity | 1.6% | −4.3% |
| Diluted EPS | CNY 0.54 | −CNY 0.25 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY -12.8B | CNY 175.5M |
| Equity | CNY 72.6B | CNY 904.9M |
| Net debt / equity | −0.65× | −0.76× |
| Current ratio | 1.81× | 1.18× |
| Revenue CAGR 5y | 64.0% | 12.0% |
| Profit CAGR 5y | — | — |
LI bills 26.1× the revenue of NIU, and NIU closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
7 years side by side
| Fiscal year | LI | NIU |
|---|---|---|
| FY2025 | CNY 112.3B | CNY 4.3B |
| FY2024 | CNY 144.5B | CNY 3.3B |
| FY2023 | CNY 123.9B | CNY 2.7B |
| FY2022 | CNY 45.3B | CNY 3.2B |
| FY2021 | CNY 27.0B | CNY 3.7B |
| FY2020 | CNY 9.5B | CNY 2.4B |
| FY2019 | CNY 284.4M | CNY 2.1B |
Net income by year
Bottom line
| Fiscal year | LI | NIU |
|---|---|---|
| FY2025 | CNY 1.1B | CNY -39.4M |
| FY2024 | CNY 8.0B | CNY -193.2M |
| FY2023 | CNY 11.8B | CNY -271.8M |
| FY2022 | CNY -2.0B | CNY -49.5M |
| FY2021 | CNY -321.5M | CNY 225.8M |
| FY2020 | CNY -151.7M | CNY 168.7M |
| FY2019 | CNY -2.4B | CNY 190.1M |