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 | ¥112.3B | ¥4.3B |
| Net income | ¥1.1B | ¥-39.4M |
| Gross margin | 18.7% | 19.6% |
| Net margin | 1.0% | −0.9% |
| Return on equity | 1.6% | −4.3% |
| Diluted EPS | — | — |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | ¥-12.8B | ¥175.5M |
| Equity | ¥72.6B | ¥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.
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Revenue by year
7 years side by side
| Fiscal year | LI | NIU |
|---|---|---|
| FY2025 | ¥112.3B | ¥4.3B |
| FY2024 | ¥144.5B | ¥3.3B |
| FY2023 | ¥123.9B | ¥2.7B |
| FY2022 | ¥45.3B | ¥3.2B |
| FY2021 | ¥27.0B | ¥3.7B |
| FY2020 | ¥9.5B | ¥2.4B |
| FY2019 | ¥284.4M | ¥2.1B |
Net income by year
Bottom line
| Fiscal year | LI | NIU |
|---|---|---|
| FY2025 | ¥1.1B | ¥-39.4M |
| FY2024 | ¥8.0B | ¥-193.2M |
| FY2023 | ¥11.8B | ¥-271.8M |
| FY2022 | ¥-2.0B | ¥-49.5M |
| FY2021 | ¥-321.5M | ¥225.8M |
| FY2020 | ¥-151.7M | ¥168.7M |
| FY2019 | ¥-2.4B | ¥190.1M |
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