Niu Technologies (NIU)

Niu Technologies Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	540.5	630.02	872.57	534.29	208.37	227
Short-Term Investments	206.73	274.35	97.56	369	869.31	876.11
Cash & Short-Term Investments	747.23	904.37	970.13	903.28	1,078	1,103
Cash Growth	-23.57%	-6.78%	7.40%	-16.18%	-2.31%	44.24%
Accounts Receivable	106.78	131.92	94.96	299.74	268.56	101.32
Other Receivables	-	22.54	19.62	26.82	1.59	2.33
Receivables	106.78	154.46	114.57	326.56	270.14	103.65
Inventory	699.91	649.18	392.79	417.01	269.64	142.17
Restricted Cash	215.35	216.4	107.67	186.34	223.97	168.47
Other Current Assets	284.88	245.4	175.46	178.87	54.47	30.51
Total Current Assets	2,054	2,170	1,761	2,012	1,896	1,548
Property, Plant & Equipment	399.53	391.24	399.93	483.95	491.42	199.05
Long-Term Investments	-	-	-	20	35.94	-
Other Intangible Assets	0.98	1.04	1.31	1.86	3.67	54.44
Long-Term Deferred Tax Assets	35.06	31.75	20.75	6.13	11.91	14.59
Other Long-Term Assets	18.07	19.32	6.73	12.68	2.37	30.83
Total Assets	2,508	2,613	2,189	2,537	2,441	1,847
Accounts Payable	1,026	1,163	743.01	776.3	682.55	395.83
Accrued Expenses	211.99	64.65	55.24	69.99	88.54	83.86
Short-Term Debt	220	200	100	160	180	180
Current Portion of Leases	-	1.25	5.09	7.74	7.69	-
Current Income Taxes Payable	1.07	1.07	1.36	1.9	17.6	14.56
Current Unearned Revenue	116.21	86.14	61.06	62.47	50.02	61.22
Other Current Liabilities	-	135.45	105.17	114.36	102.68	87.8
Total Current Liabilities	1,576	1,652	1,071	1,193	1,129	823.26
Long-Term Leases	5.17	0.09	0.28	7.57	13.92	-
Long-Term Unearned Revenue	16.68	16.89	13.17	11.43	10.69	4.18
Long-Term Deferred Tax Liabilities	3.74	3.27	2.36	1.4	1.99	1.11
Other Long-Term Liabilities	9.56	9.7	8.97	13.44	20.97	24.89
Total Liabilities	1,611	1,682	1,096	1,227	1,177	853.44
Common Stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional Paid-In Capital	1,996	1,989	1,964	1,916	1,855	1,802
Retained Earnings	-1,093	-1,054	-861.13	-589.29	-539.83	-765.65
Comprehensive Income & Other	-6.12	-3.13	-9.5	-16.54	-51.12	-43.02
Total Common Equity	896.98	931.28	1,094	1,310	1,265	993.37
Shareholders' Equity	896.98	931.28	1,094	1,310	1,265	993.37
Total Liabilities & Equity	2,508	2,613	2,189	2,537	2,441	1,847
Total Debt	225.17	201.34	105.37	175.31	201.61	180
Net Cash (Debt)	522.06	703.03	864.75	727.97	876.08	923.11
Net Cash Growth	-32.86%	-18.70%	18.79%	-16.91%	-5.10%	68.64%
Net Cash Per Share	6.57	8.87	11.03	9.38	10.92	11.70
Filing Date Shares Outstanding	79.66	77.96	77.6	77.14	76.92	76.27
Total Common Shares Outstanding	79.66	77.92	77.56	77.13	76.84	76.18
Working Capital	478.49	517.87	689.68	819.31	766.83	724.64
Book Value Per Share	11.26	11.95	14.10	16.99	16.46	13.04
Tangible Book Value	896	930.24	1,092	1,308	1,261	938.93
Tangible Book Value Per Share	11.25	11.94	14.08	16.96	16.41	12.33
Buildings	-	152.38	149.47	148.45	138.37	67.7
Machinery	-	670.7	586.72	552.03	448.43	230.84
Leasehold Improvements	-	10.88	10.79	10.78	10.75	7.56

Updated May 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q