Niu Technologies Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Equivalents	980.24	720.63	432.34	395.47	501.6	748.32	216.54	91.12
Short-Term Investments	97.56	369	869.31	876.11	484.84	147.69	85.19	50.09
Cash & Cash Equivalents	1,078	1,090	1,302	1,272	986.45	896.02	301.73	141.21
Cash Growth	-1.09%	-16.29%	2.37%	28.91%	10.09%	196.96%	113.68%	-
Receivables	94.96	299.74	268.56	101.32	115.23	54.42	10.38	20.6
Inventory	392.79	417.01	269.64	142.17	178.63	142.38	88.23	66.78
Other Current Assets	195.07	205.7	56.06	32.83	30.98	26.92	7.35	31.85
Total Current Assets	1,761	2,012	1,896	1,548	1,311	1,120	407.69	260.44
Property, Plant & Equipment	399.93	483.95	491.42	199.05	150.89	40.99	28.7	14.11
Long-Term Investments	0	20	35.94	0	0	0	65.34	110.99
Goodwill and Intangibles	1.31	1.86	3.67	54.44	42.14	7.72	1.28	1.97
Other Long-Term Assets	27.48	18.82	14.27	45.42	6.52	16.81	0.63	1.02
Total Long-Term Assets	428.72	524.63	545.3	298.91	199.55	65.51	95.94	128.1
Total Assets	2,189	2,537	2,441	1,847	1,511	1,185	503.63	388.54
Accounts Payable	575.72	459.47	538.93	395.83	258.99	249.67	124.94	71.82
Deferred Revenue	54.92	48.97	43.45	25.33	33.28	12.9	10	4.85
Current Debt	267.28	476.83	323.62	180	217.39	179.98	319.79	216.26
Other Current Liabilities	173.01	207.49	223.08	222.1	183.85	154.46	123.77	48.91
Total Current Liabilities	1,071	1,193	1,129	823.26	693.51	597	578.5	341.84
Long-Term Debt	0	0	13.92	0	0	0	0	0
Other Long-Term Liabilities	24.78	33.84	33.65	30.18	25.8	17.84	12.52	7.38
Total Long-Term Liabilities	24.78	33.84	47.58	30.18	25.8	17.84	12.52	7.38
Total Liabilities	1,096	1,227	1,177	853.44	719.31	614.84	591.02	349.22
Total Debt	267.28	476.83	337.54	180	217.39	179.98	319.79	216.26
Debt Growth	-43.95%	41.26%	87.52%	-17.20%	20.79%	-43.72%	47.87%	-
Retained Earnings	-861.13	-589.29	-539.83	-765.65	-934.3	-1,124.39	-771.16	-586.49
Comprehensive Income	-9.5	-16.54	-51.12	-43.02	-12.37	-22.79	5.6	-4.5
Shareholders' Equity	1,094	1,310	1,265	993.37	791.53	570.41	-325.24	-213.19
Net Cash / Debt	810.51	612.79	964.11	1,092	769.05	716.04	-18.06	-75.05
Net Cash / Debt Growth	32.27%	-36.44%	-11.68%	41.94%	7.40%	-	-	-
Net Cash Per Share	5.17	3.95	6.01	6.92	5.02	10.88	-0.69	-7.21
Working Capital	689.68	819.31	766.83	724.64	617.78	522.74	-170.81	-81.4
Book Value Per Share	13.95	16.89	16.46	13.17	10.62	17.33	-24.74	-40.94

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).