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NASDAQ · MOTOR VEHICLES & PASSENGER CAR BODIES · MID CAP

Niu Technologies NIU

10 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 4.3B
▲ 31.0% YoY
CNY -39.4M
CNY 175.5M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Niu Technologies designs, manufactures and sells electric motorcycles, mopeds and bicycles, as well as kick-scooters and e-bikes. It sold 1,192,039 e-scooter units in 2025, of which 1,112,021 units were sold in the China market and 80,018 units were sold in international markets. As of December 31, 2025, it sold its products through 4,540 franchised stores in 320 cities in China and through business partners in more than 40 countries overseas. It operates two manufacturing facilities in Changzhou, China. As of December 31, 2025, it held 617 patents, developed in part through its research and development team. It organizes its vehicle lineup into two model categories: an electric motorcycle, moped and bicycle series comprising the NQi, MQi, UQi and FQi series, and a micro-mobility series comprising the KQi kick-scooter series and the BQi e-bike series.

Written from the business description in Niu Technologies's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth

CNY 4.3B
Revenue, FY2025 · full 10-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 4.3 · Net income -0.0
2B4B
2016201920222025
Compound annual growth
+10.8%
+12.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−1 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2.0% · Net -0.9%
5%-20%-40%-60%
201620202025
ROE
FY2025 · ROE -4.3%
10%20%-10%-20%
201620202025
Three returns, three denominators.

Each CNY of equity lost 4 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF 175.5
100M200M-100M-200M
201620202025
Net buybacks CNY M Dividends CNY M
FY2018 · Dividends · · Net buybacks 4.2
2M3M
2018

Total assetsCNY 3.0B
EquityCNY 904.9M
CashCNY 924.7M
Gross debtCNY 240.0M
Net debtCNY -684.7M
Current ratio1.18×

The company holds more cash than debt.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
NIU, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue CNY B4.33.32.73.23.72.42.11.50.80.4
Operating income CNY B−0.1−0.3−0.3−0.10.30.20.2−0.3−0.1−0.2
EBITDA CNY B0.0−0.1−0.20.10.30.20.2−0.3−0.1−0.2
Income tax CNY B−0.0−0.0−0.0−0.00.00.00.00.00.0◌
Net income CNY B−0.0−0.2−0.3−0.00.20.20.2−0.3−0.2−0.2
Free cash flow CNY B0.2−0.10.0−0.30.0◌◌−0.00.1−0.1
EPS, diluted CNY −0.25−1.22−1.73−0.321.411.071.24−5.30−7.02−22.35
Dividend / sh CNY ◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %−4.3−19.1−22.6−3.820.018.927.9———
Shares out B◌◌◌◌◌◌◌◌0.06◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

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