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Niu Technologies (NIU)
NASDAQ: NIU · Real-Time Price · USD
1.960
+0.020 (1.03%)
At close: Aug 25, 2026, 4:00 PM EDT
1.925
-0.035 (-1.78%)
Pre-market: Aug 26, 2026, 4:01 AM EDT

Niu Technologies Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-39.39-193.2-271.84-49.46225.82
Depreciation & Amortization
110.96122.15148.06142.7195.47
Loss (Gain) From Sale of Assets
2.310.470.020.480.24
Stock-Based Compensation
27.7324.2347.6658.2247.22
Provision & Write-off of Bad Debts
-5.877.63139.4525.041.27
Other Operating Activities
60.359.1613.05-6.99-0.55
Change in Accounts Receivable
101.33-44.8965.37-56.15-168.52
Change in Inventory
-89.47-288.22.63-156.11-131.19
Change in Accounts Payable
-64.93423.03-33.393.75286.73
Change in Unearned Revenue
178.0628.770.313.06-4.65
Change in Income Taxes
1.13-0.2912.8-29.053.05
Change in Other Net Operating Assets
71.05-36.58-30.46-157.36-20.71
Operating Cash Flow
353.2752.2993.74-121.86334.17
Operating Cash Flow Growth
575.64%-44.22%---28.23%

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-177.81-119.75-78.93-135.35-285.75
Investment in Securities
87.21-172.68295.25533.24-8.7
Other Investing Activities
-----0.61
Investing Cash Flow
-90.6-292.43216.31397.89-295.06

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
240200100340340
Total Debt Issued
240200100340340
Short-Term Debt Repaid
-200-100-160-360-340
Total Debt Repaid
-200-100-160-360-340
Net Debt Issued (Repaid)
40100-60-20-
Issuance of Common Stock
0.160.270.652.26.25
Financing Cash Flow
40.16100.27-59.35-17.86.25

Net Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-13.656.058.9130.04-8.49
Net Cash Flow
289.19-133.82259.61288.2836.87

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
175.46-67.4614.8-257.2148.43
Free Cash Flow Growth
-----86.31%
Free Cash Flow Margin
4.07%-2.05%0.56%-8.12%1.31%
Free Cash Flow Per Share
2.20-0.850.19-3.310.60
Levered Free Cash Flow
232.24-123.64176.57-200.73-64.41
Unlevered Free Cash Flow
236.07-120.13177.46-197.16-60.55

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
5.95.461.625.716.35
Cash Income Tax Paid
0.090.141.0713.3739.67
Change in Working Capital
197.1881.8517.33-291.86-35.29
SEC Filings: 10-K · 10-Q