Niu Technologies (NIU)

Niu Technologies Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	630.02	872.57	534.29	208.37	227
Short-Term Investments	274.35	97.56	369	869.31	876.11
Cash & Short-Term Investments	904.37	970.13	903.28	1,078	1,103
Cash Growth	-6.78%	7.40%	-16.18%	-2.31%	44.24%
Accounts Receivable	131.92	94.96	299.74	268.56	101.32
Other Receivables	-	19.63	26.82	1.59	2.33
Receivables	131.92	114.58	326.56	270.14	103.65
Inventory	649.18	392.79	417.01	269.64	142.17
Restricted Cash	216.4	107.67	186.34	223.97	168.47
Other Current Assets	267.94	175.45	178.87	54.47	30.51
Total Current Assets	2,170	1,761	2,012	1,896	1,548
Property, Plant & Equipment	391.24	399.93	483.95	491.42	199.05
Long-Term Investments	-	-	20	35.94	-
Other Intangible Assets	1.04	1.31	1.86	3.67	54.44
Long-Term Deferred Tax Assets	31.75	20.75	6.13	11.91	14.59
Other Long-Term Assets	19.32	6.73	12.68	2.37	30.83
Total Assets	2,613	2,189	2,537	2,441	1,847
Accounts Payable	1,163	743.01	776.3	682.55	395.83
Accrued Expenses	201.36	55.33	69.99	88.54	83.86
Short-Term Debt	200	100	160	180	180
Current Portion of Leases	-	5.09	7.74	7.69	-
Current Income Taxes Payable	1.07	1.36	1.9	17.6	14.56
Current Unearned Revenue	86.14	61.06	62.47	50.02	61.22
Other Current Liabilities	-	105.08	114.36	102.68	87.8
Total Current Liabilities	1,652	1,071	1,193	1,129	823.26
Long-Term Leases	0.09	0.28	7.57	13.92	-
Long-Term Unearned Revenue	16.89	13.17	11.43	10.69	4.18
Long-Term Deferred Tax Liabilities	3.27	2.36	1.4	1.99	1.11
Other Long-Term Liabilities	9.7	8.97	13.44	20.97	24.89
Total Liabilities	1,682	1,096	1,227	1,177	853.44
Common Stock	0.1	0.1	0.1	0.1	0.1
Additional Paid-In Capital	1,989	1,964	1,916	1,855	1,802
Retained Earnings	-1,054	-861.13	-589.29	-539.83	-765.65
Comprehensive Income & Other	-3.13	-9.5	-16.54	-51.12	-43.02
Total Common Equity	931.28	1,094	1,310	1,265	993.37
Shareholders' Equity	931.28	1,094	1,310	1,265	993.37
Total Liabilities & Equity	2,613	2,189	2,537	2,441	1,847
Total Debt	200.09	105.37	175.31	201.61	180
Net Cash (Debt)	704.28	864.75	727.97	876.08	923.11
Net Cash Growth	-18.56%	18.79%	-16.91%	-5.10%	68.64%
Net Cash Per Share	8.89	11.03	9.38	10.92	11.70
Filing Date Shares Outstanding	79.46	77.6	77.14	76.92	76.27
Total Common Shares Outstanding	79.46	77.56	77.13	76.84	76.18
Working Capital	517.87	689.68	819.31	766.83	724.64
Book Value Per Share	11.72	14.10	16.99	16.46	13.04
Tangible Book Value	930.24	1,092	1,308	1,261	938.93
Tangible Book Value Per Share	11.71	14.08	16.96	16.41	12.33
Buildings	-	149.47	148.45	138.37	67.7
Machinery	-	586.72	552.03	448.43	230.84
Leasehold Improvements	-	10.79	10.78	10.75	7.56

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q