Niu Technologies (NIU)

Niu Technologies Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	743.35	872.57	534.29	208.37	227	279.95
Short-Term Investments	301.85	97.56	369	869.31	876.11	484.84
Cash & Short-Term Investments	1,045	970.13	903.28	1,078	1,103	764.79
Cash Growth	-18.40%	7.40%	-16.18%	-2.30%	44.24%	6.70%
Accounts Receivable	185.53	94.96	299.74	268.56	101.32	115.23
Other Receivables	-	19.63	26.82	1.59	2.33	5.37
Receivables	185.53	114.58	326.56	270.14	103.65	120.6
Inventory	699.31	392.79	417.01	269.64	142.17	178.63
Restricted Cash	210.22	107.67	186.34	223.97	168.47	221.66
Other Current Assets	260.62	175.45	178.87	54.47	30.51	25.61
Total Current Assets	2,401	1,761	2,012	1,896	1,548	1,311
Property, Plant & Equipment	385.89	399.93	483.95	491.42	199.05	150.89
Long-Term Investments	-	-	20	35.94	-	-
Other Intangible Assets	1.11	1.31	1.86	3.67	54.44	42.14
Long-Term Deferred Tax Assets	29.35	20.75	6.13	11.91	14.59	-
Other Long-Term Assets	9.93	6.73	12.68	2.37	30.83	6.52
Total Assets	2,827	2,189	2,537	2,441	1,847	1,511
Accounts Payable	1,276	743.01	776.3	682.55	395.83	258.99
Accrued Expenses	212.57	55.33	69.99	88.54	83.86	87.01
Short-Term Debt	200	100	160	180	180	217.39
Current Portion of Leases	-	5.09	7.74	7.69	-	-
Current Income Taxes Payable	1.05	1.36	1.9	17.6	14.56	3.01
Current Unearned Revenue	118.89	61.06	62.47	50.02	61.22	38.58
Other Current Liabilities	-	105.08	114.36	102.68	87.8	88.53
Total Current Liabilities	1,809	1,071	1,193	1,129	823.26	693.51
Long-Term Leases	0.12	0.28	7.57	13.92	-	-
Long-Term Unearned Revenue	16.02	13.17	11.43	10.69	4.18	2.17
Long-Term Deferred Tax Liabilities	5.01	2.36	1.4	1.99	1.11	1.27
Other Long-Term Liabilities	9.54	8.97	13.44	20.97	24.89	22.36
Total Liabilities	1,839	1,096	1,227	1,177	853.44	719.31
Common Stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional Paid-In Capital	1,983	1,964	1,916	1,855	1,802	1,738
Retained Earnings	-981.79	-861.13	-589.29	-539.83	-765.65	-934.3
Comprehensive Income & Other	-13.39	-9.5	-16.54	-51.12	-43.02	-12.37
Total Common Equity	987.68	1,094	1,310	1,265	993.37	791.53
Shareholders' Equity	987.68	1,094	1,310	1,265	993.37	791.53
Total Liabilities & Equity	2,827	2,189	2,537	2,441	1,847	1,511
Total Debt	200.12	105.37	175.31	201.61	180	217.39
Net Cash (Debt)	845.08	864.75	727.97	876.08	923.11	547.4
Net Cash Growth	-28.25%	18.79%	-16.91%	-5.10%	68.64%	1.98%
Net Cash Per Share	10.69	11.03	9.38	10.92	11.70	7.14
Filing Date Shares Outstanding	79.4	77.6	77.14	76.92	76.27	74.75
Total Common Shares Outstanding	79.4	77.56	77.13	76.84	76.18	74.71
Working Capital	592.11	689.68	819.31	766.83	724.64	617.78
Book Value Per Share	12.44	14.10	16.99	16.46	13.04	10.59
Tangible Book Value	986.58	1,092	1,308	1,261	938.93	749.39
Tangible Book Value Per Share	12.42	14.08	16.96	16.41	12.33	10.03
Buildings	-	149.47	148.45	138.37	67.7	64.89
Machinery	-	586.72	552.03	448.43	230.84	141.65
Leasehold Improvements	-	10.79	10.78	10.75	7.56	4.08

Source: S&P Capital IQ. Standard template. Financial Sources.