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MARKETS / NASDAQ / NIU
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
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
2B4B2016201720182019202020212022202320242025
Compound annual growth
+10.8%
+12.0%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%2016201720182019202020212022202320242025
ROE
FY2025 · ROE -4.3%
-100%-200%2016201720182019202020212022202320242025

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
80M160M-100M-200M2016201720182019202020212022202320242025
Net buybacks CNY M Dividends CNY M
FY2018 · Dividends — · Net buybacks 4.2
2M4M2018

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
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 %··········
ROE %−4.3−19.1−22.6−3.820.018.927.9−284.7··
Shares out B········0.06·

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

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 47 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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