NIU vs XPEV
Niu Technologies and XPeng Inc., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | NIU | XPEV |
|---|---|---|
| Revenue | ¥4.3B | ¥76.7B |
| Net income | ¥-39.4M | ¥-1.1B |
| Gross margin | 19.6% | 18.9% |
| Net margin | −0.9% | −1.5% |
| Return on equity | −4.3% | −3.7% |
| Diluted EPS | — | — |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | ¥175.5M | ¥5.1B |
| Equity | ¥904.9M | ¥30.4B |
| Net debt / equity | −0.76× | −0.29× |
| Current ratio | 1.18× | 1.09× |
| Revenue CAGR 5y | 12.0% | 67.4% |
| Profit CAGR 5y | — | — |
XPEV bills 17.8× the revenue of NIU, and both 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
8 years side by side
| Fiscal year | NIU | XPEV |
|---|---|---|
| FY2025 | ¥4.3B | ¥76.7B |
| FY2024 | ¥3.3B | ¥40.9B |
| FY2023 | ¥2.7B | ¥30.7B |
| FY2022 | ¥3.2B | ¥26.9B |
| FY2021 | ¥3.7B | ¥21.0B |
| FY2020 | ¥2.4B | ¥5.8B |
| FY2019 | ¥2.1B | ¥2.3B |
| FY2018 | ¥1.5B | ¥9.7M |
Net income by year
Bottom line
| Fiscal year | NIU | XPEV |
|---|---|---|
| FY2025 | ¥-39.4M | ¥-1.1B |
| FY2024 | ¥-193.2M | ¥-5.8B |
| FY2023 | ¥-271.8M | ¥-10.4B |
| FY2022 | ¥-49.5M | ¥-9.1B |
| FY2021 | ¥225.8M | ¥-4.9B |
| FY2020 | ¥168.7M | ¥-2.7B |
| FY2019 | ¥190.1M | ¥-3.7B |
| FY2018 | ¥-349.0M | ¥-1.4B |
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