NIUNasdaqMotor Vehicles & Passenger Car BodiesFiscal year ends December 31

Niu Technologies

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026

$1.86−0.05 (-2.62%)

Close on Oct 19, 2026

Niu Technologies income statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Revenue	4,308	3,288	2,652	3,169	3,705	2,444	2,076	1,478	769	355
Cost of Revenue	3,464	2,790	2,081	2,499	2,892	1,885	1,590	1,279	715	368
Gross Profit	844	499	571	670	813	559	487	199	55	-13
Research & Development	166	130	151	176	135	105	67	92	39	33
Selling, General & Admin	767	620	740	599	474	306	262	423	158	181
Selling & Marketing	676	490	496	440	332	201	183	150	83	90
General & Administrative	91	131	245	158	142	105	80	272	75	91
Advertising Expenses	313	183	178	192	160	87	80	77	28	51
Operating Expenses	933	750	891	775	609	411	330	514	197	–
Operating Income	-88	-251	-318	-89	252	171	187	-314	-142	-226
Interest Expense	6.13	5.62	1.42	5.72	6.17	7.38	11	7.72	3.15	2.32
Interest & Investment Income	26	37	35	13	5.38	8.79	17	3.00	1.01	0.66
Gain (Loss) on Investments	5.54	2.36	1.43	11	21	18	6.09	4.60	2.32	0.37
Gain (Loss) on Sale of Assets	-2.31	-0.47	-0.02	-0.48	-0.24	-0.02	-0.05	-0.23	0.00	–
Pretax Income	-62	-217	-282	-71	273	190	198	-349	-185	-233
Income Tax Expense	-23	-24	-10	-22	47	21	8.21	0	0	–
Net Income incl. Noncontrolling Interests	-39	-193	-272	-49	226	169	190	-349	-185	-233
Net Income	-39	-193	-272	-49	226	169	190	-349	-185	-233
EPS (Basic)(per share)	-0.25	-1.22	-1.73	-0.32	1.47	1.12	1.28	-5.30	-7.02	-22.35
EPS (Diluted)(per share)	-0.25	-1.22	-1.73	-0.32	1.41	1.07	1.24	-5.30	-7.02	-22.35
Shares Outstanding (Basic, Weighted)(shares)	160	158	157	155	154	151	149	66	26	10
Shares Outstanding (Diluted, Weighted)(shares)	160	158	157	155	160	158	153	66	26	10
EBITDA	23	-128	-169	53	348	221	219	-296	-132	-221

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 19.6%
Operating margin: -2.0%
Net margin: -0.9%
Return on equity, FY2025: -4.3%

Financial strength

Current ratio: 1.18
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 46.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.