Niu Technologies (NIU)

NASDAQ: NIU · Real-Time Price · USD

1.970

+0.090 (4.79%)

At close: Oct 9, 2026, 4:00 PM EDT

1.940

-0.030 (-1.52%)

After-hours: Oct 9, 2026, 7:54 PM EDT

Niu Technologies Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,720	4,308	3,288	2,652	3,169	3,705
Revenue Growth	24.84%	31.01%	24.00%	-16.31%	-14.47%	51.56%
Gross Profit	861.91	843.57	498.76	570.75	669.68	812.78
Operating Income	-243.72	-88.25	-250.63	-317.52	-89.28	252.48
Net Income	-202.57	-39.39	-193.2	-271.84	-49.46	225.82
Earnings Per Share	-2.52	-0.50	-2.44	-3.47	-0.64	2.82
EPS Growth	-	-	-	-	-	31.78%

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
China	4,003	2,845	2,248	2,584	3,159
Europe	177.78	172.2	151.52	343.16	430.2
Others	126.69	270.93	252.64	241.6	115.37
Total	4,308	3,288	2,652	3,169	3,705

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,476	1,116	904.37	970.13	903.28	1,078
Total Debt	222.56	247.14	201.34	105.37	175.31	201.61
Net Cash (Debt)	1,253	868.49	703.03	864.75	727.97	876.08
Net Cash Growth	25.14%	23.54%	-18.70%	18.79%	-16.91%	-5.10%
Net Cash Per Share	15.57	10.88	8.87	11.03	9.38	10.92

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-	353.27	52.29	93.74	-121.86	334.17
Capital Expenditures	-	-177.81	-119.75	-78.93	-135.35	-285.75
Free Cash Flow	-	175.46	-67.46	14.8	-257.21	48.43
Free Cash Flow Growth	-	-	-	-	-	-86.31%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	18.26%	19.58%	15.17%	21.52%	21.14%	21.94%
Operating Margin	-5.16%	-2.05%	-7.62%	-11.97%	-2.82%	6.82%
Pretax Margin	-4.62%	-1.45%	-6.59%	-10.64%	-2.25%	7.37%
Profit Margin	-4.29%	-0.91%	-5.88%	-10.25%	-1.56%	6.10%
FCF Margin	-	4.07%	-2.05%	0.56%	-8.12%	1.31%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	-	-	34.57
Forward PE	-	16.03	23.35	4.94	11.14	18.61
P/FCF Ratio	5.89	9.42	-	81.36	-	161.18
PS Ratio	0.22	0.38	0.31	0.45	0.88	2.11