Niu Technologies Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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 & Equivalents	1,152	1,136	846.42	980.24	720.63	432.35
Short-Term Investments	222.55	190.9	274.35	97.56	369	869.31
Cash & Short-Term Investments	1,374	1,327	1,121	1,078	1,090	1,302
Cash Growth	42.78%	18.36%	3.99%	-1.08%	-16.29%	2.37%
Accounts Receivable	37.1	37.37	131.92	94.96	299.74	268.56
Inventory	728.24	652.58	649.18	392.79	417.01	269.64
Other Current Assets	382.64	343.54	267.94	195.07	205.7	56.06
Total Current Assets	2,522	2,360	2,170	1,761	2,012	1,896
Net Property, Plant & Equipment	515.27	496.13	391.24	399.93	483.95	491.42
Other Intangible Assets	0.71	0.78	1.04	1.31	1.86	3.67
Other Long-Term Assets	111.52	93.45	51.07	27.48	38.82	50.21
Total Assets	3,150	2,950	2,613	2,189	2,537	2,441
Accounts Payable	1,321	1,098	1,163	743.01	776.3	682.55
Accrued Expenses	429.79	404.81	201.36	165.51	192.09	198.91
Short-Term Debt	230	240	200	100	160	180
Unearned Revenue	307.05	257.75	86.14	61.06	62.47	50.02
Other Current Liabilities	2.16	2.2	1.07	1.36	1.9	17.6
Total Current Liabilities	2,290	2,003	1,652	1,071	1,193	1,129
Long-Term Leases	2.68	3.96	0.09	0.28	7.57	13.92
Other Long-Term Liabilities	39.65	38.32	29.85	24.5	26.27	33.65
Total Long-Term Liabilities	42.34	42.27	29.94	24.78	33.84	47.58
Total Liabilities	2,332	2,045	1,682	1,096	1,227	1,177
Common Stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional Paid-in Capital	2,022	2,017	1,989	1,964	1,916	1,855
Accumulated Other Comprehensive Income	-17.2	-17.99	-3.13	-9.5	-16.54	-51.12
Retained Earnings	-1,188	-1,094	-1,054	-861.13	-589.29	-539.83
Shareholders' Equity	817.71	904.93	931.28	1,094	1,310	1,265
Total Liabilities & Equity	3,150	2,950	2,613	2,189	2,537	2,441
Total Debt	232.68	243.96	200.09	100.28	167.57	193.92
Net Cash (Debt)	1,142	1,083	920.68	977.52	922.05	1,108
Net Cash Growth	5.46%	17.58%	-5.81%	6.02%	-16.76%	1.48%
Net Cash Per Share	14.01	13.56	11.62	12.47	11.88	13.81
Book Value	817.71	904.93	931.28	1,094	1,310	1,265
Book Value Per Share	10.03	11.33	11.75	13.95	16.89	15.76
Tangible Book Value	817	904.16	930.24	1,092	1,308	1,261
Tangible Book Value Per Share	10.02	11.32	11.74	13.93	16.86	15.72

SEC Filings: 10-K · 10-Q