Niu Technologies(NIU)Earnings, Financials & Key Ratios
NIU•NASDAQ
$3.19
$253M mkt cap·Price updated May 6, 2026
SectorConsumer CyclicalIndustryAuto ManufacturersSub-IndustryElectric two-wheelers and micromobility
AboutNiu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series electric scooters and motorcycles; KQi series electric kick-scooters; NIU Aero and BQi series e-bikes; RQi and TQi series high-performance motorcycles; and YQi series hybrid motorcycles. It also provides accessories and spare parts under the NIU brand name comprising scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, sweaters and hoodies, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels. In addition, the company, through its NIU app, offers online repair request, DIY repairs, service station locator, theft reporting, and smart services, as well as NIU cover, which provides insurance services; NIU Care that offers maintenance and reserve services in offline service stations; and NIU Wash, which provides free wash coupon on a monthly basis. Niu Technologies sells and services its products through city partners and franchised stores, distributors, and third-party e-commerce platforms and the company's online store. As of December 31, 2021, it operated through 338 city partners and 3,108 franchised stores in approximately 239 cities in the People's Republic of China; and 42 distributors in 50 countries internationally. Niu Technologies was incorporated in 2014 and is headquartered in Beijing, the People's Republic of China.Show more
- Revenue$3.29B+24.0%
- EBITDA-$128M+24.2%
- Net Income-$193M+28.9%
- EPS (Diluted)-2.44+29.5%
- Gross Margin15.17%-29.5%
- EBITDA Margin-3.91%+38.9%
- Operating Margin-7.62%+36.3%
- Net Margin-5.88%+42.7%
- ROE-19.08%+15.6%
- ROIC-37.73%-14.5%
- Debt/Equity0.22-13.3%
- Interest Coverage-44.57+80.0%
NIU Key Insights
Niu Technologies (NIU) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient asset utilization: 1.3x turnover
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 20 (bottom 20%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NIU Price & Volume
Niu Technologies (NIU) stock price & volume — 10-year historical chart
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NIU Growth Metrics
Niu Technologies (NIU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years9.63%
3 Years-3.9%
TTM50.99%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM90.51%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM88.97%
Return on Capital
10 Years-74.67%
5 Years-3.29%
3 Years-18.87%
Last Year-24.1%
NIU Recent Earnings
Niu Technologies (NIU) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (50%)●Beat Revenue 3/12 qtrs (75%)
Q2 2026Latest
Mar 16, 2026EPS
$0.16
Est $0.13
-19.7%
Revenue
$97M
Est $91M
+6.6%
Q4 2025
Nov 17, 2025EPS
$0.14
Est $0.13
+206.4%
Revenue
$238M
Est $89M
+166.6%
Q3 2025
Aug 11, 2025EPS
$0.01
Revenue
$175M
Q2 2025
May 19, 2025EPS
$0.07
Revenue
$94M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 16, 2026 | $0.16vs $0.13-19.7% | $97Mvs $91M+6.6% |
| Q4 2025 | Nov 17, 2025 | $0.14vs $0.13+206.4% | $238Mvs $89M+166.6% |
| Q3 2025 | Aug 11, 2025 | $0.01 | $175M |
| Q2 2025 | May 19, 2025 | $0.07 | $94M |
Based on last 12 quarters of dataView full earnings history →
NIU Peer Comparison
Niu Technologies (NIU) competitors in Electric two-wheelers and micromobility — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KNDI | 61.06M | 0.71 | -0.63 | -31.46% | -49.1% | -13.92% | 0.17 | |
 PII | 3.8B | 67.04 | -8.20 | -0.33% | -6.13% | -45.24% | 1.83 | |
 HOG | 2.67B | 23.84 | 8.58 | -13.76% | 5.34% | 7.03% | 0.97 | |
 XPEV | 5.55B | 15.93 | -17.74 | 33.22% | -7.1% | -13.77% | 0.51 | |
 TSLA | 1.5T | 398.53 | 369.01 | -2.93% | 3.96% | 4.75% | 0.10 | |
 QS | 4.87B | 7.95 | -10.46 | -37.3% | 0.06 | |||
 BLNK | 98.22M | 0.86 | -0.44 | -11.16% | -118.72% | -131.92% | 0.09 | |
 CHPT | 137.85M | 6.36 | -0.68 | -1.4% | -53.55% | -353.75% | 12.75 |
Compare NIU vs Peers
Niu Technologies (NIU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NIU Income Statement
Niu Technologies (NIU) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 354.81M | 769.37M | 1.48B | 2.08B | 2.44B | 3.7B | 3.17B | 2.65B | 3.29B | 4.45B |
| Revenue Growth % | - | 116.84% | 92.08% | 40.5% | 17.73% | 51.56% | -14.47% | -16.31% | 24% | 50.99% |
| Cost of Goods Sold | 367.59M | 714.67M | 1.28B | 1.59B | 1.89B | 2.89B | 2.5B | 2.08B | 2.79B | 3.61B |
| COGS % of Revenue | 103.6% | 92.89% | 86.56% | 76.57% | 77.12% | 78.06% | 78.87% | 78.48% | 84.83% | - |
| Gross Profit | -12.78M▲ 0% | 54.7M▲ 528.1% | 198.63M▲ 263.1% | 486.55M▲ 145.0% | 559.15M▲ 14.9% | 812.78M▲ 45.4% | 669.68M▼ 17.6% | 570.75M▼ 14.8% | 498.76M▼ 12.6% | 842.35M▲ 0% |
| Gross Margin % | -3.6% | 7.11% | 13.44% | 23.43% | 22.88% | 21.94% | 21.13% | 21.52% | 15.17% | 18.93% |
| Gross Profit Growth % | - | 528.08% | 263.13% | 144.96% | 14.92% | 45.36% | -17.61% | -14.77% | -12.61% | - |
| Operating Expenses | 212.37M | 198.14M | 514.68M | 299.84M | 388.51M | 560.3M | 758.96M | 888.27M | 749.4M | 918.64M |
| OpEx % of Revenue | 59.86% | 25.75% | 34.83% | 14.44% | 15.89% | 15.12% | 23.95% | 33.5% | 22.79% | - |
| Selling, General & Admin | 180.59M | 159.48M | 424.26M | 262.49M | 305.62M | 473.81M | 598.87M | 600.81M | 620.2M | 764.56M |
| SG&A % of Revenue | 50.9% | 20.73% | 28.71% | 12.64% | 12.5% | 12.79% | 18.9% | 22.66% | 18.86% | - |
| Research & Development | 33.09M | 39.49M | 91.81M | 67.19M | 105.34M | 135.22M | 176.48M | 150.99M | 130.11M | 155.55M |
| R&D % of Revenue | 9.33% | 5.13% | 6.21% | 3.24% | 4.31% | 3.65% | 5.57% | 5.69% | 3.96% | - |
| Other Operating Expenses | -1.31M | 0 | 0 | -29.83M | -22.44M | -48.73M | -16.39M | 136.48M | -911.56K | -1.47M |
| Operating Income | -226.46M▲ 0% | -141.83M▲ 37.4% | -314.41M▼ 121.7% | 186.71M▲ 159.4% | 170.63M▼ 8.6% | 252.48M▲ 48.0% | -89.28M▼ 135.4% | -317.52M▼ 255.6% | -250.63M▲ 21.1% | -76.28M▲ 0% |
| Operating Margin % | -63.83% | -18.43% | -21.28% | 8.99% | 6.98% | 6.82% | -2.82% | -11.97% | -7.62% | -1.71% |
| Operating Income Growth % | - | 37.37% | -121.69% | 159.38% | -8.61% | 47.97% | -135.36% | -255.64% | 21.07% | - |
| EBITDA | -221.27M | -132.08M | -295.53M | 219.14M | 220.87M | 347.95M | 53.43M | -169.46M | -128.49M | -42.68M |
| EBITDA Margin % | -62.36% | -17.17% | -20% | 10.55% | 9.04% | 9.39% | 1.69% | -6.39% | -3.91% | -0.96% |
| EBITDA Growth % | - | 40.31% | -123.75% | 174.15% | 0.79% | 57.54% | -84.64% | -417.16% | 24.18% | 84.44% |
| D&A (Non-Cash Add-back) | 5.19M | 9.75M | 18.88M | 32.43M | 50.24M | 95.47M | 142.71M | 148.06M | 122.15M | 0 |
| EBIT | -230.4M | -181.51M | -341.31M | 209.7M | 197.12M | 279.02M | -65.5M | -280.6M | -211.18M | -42.68M |
| Net Interest Income | -1.66M | -2.15M | -4.72M | 5.5M | 1.41M | -791.84K | 7.14M | 34.07M | 31.47M | 23.77M |
| Interest Income | 660.6K | 1.01M | 3M | 16.9M | 8.79M | 5.38M | 12.86M | 35.49M | 37.09M | 29.69M |
| Interest Expense | 2.32M | 3.15M | 7.72M | 11.4M | 7.38M | 6.17M | 5.72M | 1.42M | 5.62M | 5.92M |
| Other Income/Expense | -6.26M | -40.39M | -34.62M | 11.59M | 19.1M | 20.38M | 18.06M | 35.49M | 33.82M | 27.69M |
| Pretax Income | -232.72M▲ 0% | -184.66M▲ 20.7% | -349.03M▼ 89.0% | 198.3M▲ 156.8% | 189.74M▼ 4.3% | 272.86M▲ 43.8% | -71.22M▼ 126.1% | -282.03M▼ 296.0% | -216.81M▲ 23.1% | -48.6M▲ 0% |
| Pretax Margin % | -65.59% | -24% | -23.62% | 9.55% | 7.76% | 7.37% | -2.25% | -10.64% | -6.59% | -1.09% |
| Income Tax | 2.32M | 0 | 0 | 8.21M | 21.09M | 47.04M | -21.76M | -10.19M | -23.61M | -24.78M |
| Effective Tax Rate % | -1% | 0% | 0% | 4.14% | 11.11% | 17.24% | 30.55% | 3.61% | 10.89% | 50.99% |
| Net Income | -232.72M▲ 0% | -184.66M▲ 20.7% | -349.03M▼ 89.0% | 190.08M▲ 154.5% | 168.65M▼ 11.3% | 225.82M▲ 33.9% | -49.46M▼ 121.9% | -271.84M▼ 449.6% | -193.2M▲ 28.9% | -23.82M▲ 0% |
| Net Margin % | -65.59% | -24% | -23.62% | 9.16% | 6.9% | 6.1% | -1.56% | -10.25% | -5.88% | -0.54% |
| Net Income Growth % | - | 20.65% | -89.01% | 154.46% | -11.28% | 33.9% | -121.9% | -449.58% | 28.93% | 90.51% |
| Net Income (Continuing) | -232.72M | -184.66M | -349.03M | 190.08M | 168.65M | 225.82M | -49.46M | -271.84M | -193.2M | -23.82M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -22.56▲ 0% | -2.48▲ 89.0% | -4.94▼ 99.2% | 2.48▲ 150.2% | 2.14▼ 13.7% | 2.82▲ 31.8% | -0.66▼ 123.4% | -3.46▼ 424.2% | -2.44▲ 29.5% | -0.29▲ 0% |
| EPS Growth % | - | 89.01% | -99.19% | 150.2% | -13.71% | 31.78% | -123.4% | -424.24% | 29.48% | 88.97% |
| EPS (Basic) | -22.56 | -2.48 | -4.94 | 2.54 | 2.24 | 2.94 | -0.66 | -3.46 | -2.44 | - |
| Diluted Shares Outstanding | 10.32M | 74.34M | 70.51M | 76.62M | 78.92M | 80.23M | 75.45M | 78.41M | 79.23M | 82.82M |
| Basic Shares Outstanding | 10.32M | 74.34M | 70.51M | 74.51M | 75.45M | 76.84M | 75.45M | 78.41M | 79.23M | 79.91M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
NIU Balance Sheet
Niu Technologies (NIU) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 260.44M | 407.69M | 1.12B | 1.31B | 1.55B | 1.9B | 2.01B | 1.76B | 2.17B | 2.85B |
| Cash & Short-Term Investments | 141.21M | 197.18M | 716.75M | 764.79M | 1.1B | 1.08B | 903.28M | 970.13M | 904.37M | 1.58B |
| Cash Only | 91.12M | 112M | 569.06M | 279.95M | 227M | 208.37M | 534.29M | 872.57M | 630.02M | 1.09B |
| Short-Term Investments | 50.09M | 85.19M | 147.69M | 484.84M | 876.11M | 869.31M | 369M | 97.56M | 274.35M | 493.56M |
| Accounts Receivable | 32.44M | 13.85M | 62.94M | 129.28M | 113.4M | 285.65M | 430.96M | 237.91M | 131.92M | 64.52M |
| Days Sales Outstanding | 33.37 | 6.57 | 15.55 | 22.73 | 16.93 | 28.14 | 49.64 | 32.75 | 14.64 | 9.07 |
| Inventory | 66.78M | 88.23M | 142.38M | 178.63M | 142.17M | 269.64M | 417.01M | 392.79M | 649.18M | 676.02M |
| Days Inventory Outstanding | 66.31 | 45.06 | 40.63 | 41.01 | 27.53 | 34.03 | 60.91 | 68.89 | 84.94 | 69.38 |
| Other Current Assets | 542.95K | 104.63M | 181.71M | 226.95M | 174.22M | 227.32M | 206.1M | 124.09M | 484.33M | 527.31M |
| Total Non-Current Assets | 128.1M | 95.94M | 65.51M | 199.55M | 298.91M | 545.3M | 524.63M | 428.72M | 443.35M | 543.86M |
| Property, Plant & Equipment | 14.11M | 28.7M | 40.99M | 150.89M | 199.05M | 491.42M | 483.95M | 402.16M | 399.92M | 463.87M |
| Fixed Asset Turnover | 25.15x | 26.81x | 36.06x | 13.76x | 12.28x | 7.54x | 6.55x | 6.59x | 8.22x | 10.56x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.97M | 1.28M | 7.72M | 42.14M | 54.44M | 3.67M | 1.86M | 1.31M | 1.04M | 843.63K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 35.94M | 20M | 0 | 0 | 0 |
| Other Non-Current Assets | 112.02M | 65.97M | 16.81M | 6.52M | 30.83M | 2.37M | 12.68M | 4.5M | 42.39M | 109.33M |
| Total Assets | 388.54M▲ 0% | 503.63M▲ 29.6% | 1.19B▲ 135.3% | 1.51B▲ 27.5% | 1.85B▲ 22.2% | 2.44B▲ 32.2% | 2.54B▲ 3.9% | 2.19B▼ 13.7% | 2.61B▲ 19.4% | 3.39B▲ 0% |
| Asset Turnover | 0.91x | 1.53x | 1.25x | 1.37x | 1.32x | 1.52x | 1.25x | 1.21x | 1.26x | 1.53x |
| Asset Growth % | - | 29.62% | 135.34% | 27.47% | 22.24% | 32.19% | 3.91% | -13.69% | 19.36% | 58.56% |
| Total Current Liabilities | 341.84M | 578.5M | 597M | 693.51M | 823.26M | 1.13B | 1.19B | 1.07B | 1.65B | 2.36B |
| Accounts Payable | 71.82M | 124.94M | 249.67M | 258.99M | 395.83M | 538.93M | 459.47M | 575.72M | 869.01M | 1.29B |
| Days Payables Outstanding | 71.31 | 63.81 | 71.24 | 59.46 | 76.64 | 68.02 | 67.11 | 100.98 | 113.71 | 100.02 |
| Short-Term Debt | 216.26M | 319.79M | 179.98M | 217.39M | 180M | 180M | 160M | 267.28M | 200M | 440M |
| Deferred Revenue (Current) | 17.5M | 58.36M | 33.17M | 38.58M | 61.22M | 50.02M | 62.47M | 61.06M | 0 | 577.87M |
| Other Current Liabilities | 2.59M | 4.24M | 9.17M | 27.95M | 42.14M | 205.62M | 389.88M | 73.98M | 85.96M | 0 |
| Current Ratio | 0.76x | 0.70x | 1.88x | 1.89x | 1.88x | 1.68x | 1.69x | 1.64x | 1.31x | 1.31x |
| Quick Ratio | 0.57x | 0.55x | 1.64x | 1.63x | 1.71x | 1.44x | 1.34x | 1.28x | 0.92x | 0.92x |
| Cash Conversion Cycle | 28.37 | -12.18 | -15.07 | 4.28 | -32.18 | -5.85 | 43.44 | 0.66 | -14.12 | -21.57 |
| Total Non-Current Liabilities | 259.89M | 250.37M | 17.84M | 25.8M | 30.18M | 47.58M | 33.84M | 24.78M | 29.94M | 42.43M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 13.92M | 7.57M | 280.42K | 89.99K | 15.18M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 1.27M | 1.11M | 1.99M | 1.4M | 2.36M | 0 | 13.11M |
| Other Non-Current Liabilities | 259.2M | 250.22M | 17.61M | 22.36M | 24.89M | 20.97M | 13.44M | 8.97M | 29.85M | 45.2M |
| Total Liabilities | 601.73M | 828.87M | 614.84M | 719.31M | 853.44M | 1.18B | 1.23B | 1.1B | 1.68B | 2.41B |
| Total Debt | 216.26M | 319.79M | 179.98M | 217.39M | 180M | 201.61M | 175.31M | 272.66M | 201.34M | 444.75M |
| Net Debt | 125.14M | 207.8M | -389.08M | -62.55M | -47M | 129.17M | -49.89M | -599.92M | -429.93M | -644.45M |
| Debt / Equity | - | - | 0.32x | 0.27x | 0.18x | 0.16x | 0.13x | 0.25x | 0.22x | 0.22x |
| Debt / EBITDA | - | - | - | 0.99x | 0.81x | 0.58x | 3.28x | - | - | -10.42x |
| Net Debt / EBITDA | - | - | - | -0.29x | -0.21x | 0.37x | -0.93x | - | - | 15.10x |
| Interest Coverage | -97.61x | -44.97x | -40.72x | 16.38x | 23.12x | 40.94x | -15.62x | -222.99x | -44.57x | -7.21x |
| Total Equity | -213.19M▲ 0% | -325.24M▼ 52.6% | 570.41M▲ 275.4% | 791.53M▲ 38.8% | 993.37M▲ 25.5% | 1.26B▲ 27.3% | 1.31B▲ 3.6% | 1.09B▼ 16.5% | 931.28M▼ 14.8% | 988.72M▲ 0% |
| Equity Growth % | - | -52.55% | 275.38% | 38.77% | 25.5% | 27.3% | 3.6% | -16.52% | -14.84% | -41.09% |
| Book Value per Share | -20.66 | -4.38 | 8.09 | 10.33 | 12.59 | 15.76 | 17.36 | 13.95 | 11.75 | 11.94 |
| Total Shareholders' Equity | -213.19M | -325.24M | 570.41M | 791.53M | 993.37M | 1.26B | 1.31B | 1.09B | 931.28M | 988.72M |
| Common Stock | 39.95K | 39.95K | 95.96K | 96.47K | 98.5K | 99.35K | 99.74K | 100.35K | 100.86K | 101.27K |
| Retained Earnings | -586.49M | -771.16M | -1.12B | -934.3M | -765.65M | -539.83M | -589.29M | -861.13M | -1.05B | -1.01B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.5M | 5.6M | -22.79M | -12.37M | -43.02M | -51.12M | -16.54M | -9.5M | -3.13M | -16.57M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NIU Cash Flow Statement
Niu Technologies (NIU) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -123.05M | 80.06M | 7.78M | 178.68M | 465.6M | 334.17M | -834.96M | 93.74M | 52.29M | 52.29M |
| Operating CF Margin % | -34.68% | 10.41% | 0.53% | 8.61% | 19.05% | 9.02% | -26.35% | 3.53% | 1.59% | - |
| Operating CF Growth % | - | 165.06% | -90.28% | 2196.85% | 160.58% | -28.23% | -349.86% | 111.23% | -44.22% | 0% |
| Net Income | -232.72M | -184.66M | -349.03M | 190.08M | 168.65M | 225.82M | -338.92M | -271.84M | -193.2M | -23.82M |
| Depreciation & Amortization | 5.19M | 9.75M | 18.88M | 32.43M | 50.24M | 95.47M | 977.86M | 148.06M | 122.14M | 0 |
| Stock-Based Compensation | 78.3M | 62.53M | 265.87M | 19.62M | 39.61M | 47.22M | 398.92M | 47.66M | 24.23M | 21.21M |
| Deferred Taxes | 0 | -182.56K | 12.77M | 753.8M | -18.15M | 4.32M | -41.66M | -10.95M | -23.29M | 0 |
| Other Non-Cash Items | 4.12M | 43.01M | 33.71M | -747M | -8.01M | -3.37M | 168.66M | 163.47M | 40.55M | 2.61M |
| Working Capital Changes | 22.05M | 149.63M | 25.57M | -70.26M | 233.26M | -35.29M | -2B | 17.33M | 81.85M | 0 |
| Change in Receivables | -19.22M | 8.31M | -42.83M | -63.86M | 13.4M | -168.52M | -384.71M | 78.71M | -44.89M | 0 |
| Change in Inventory | -37.32M | -21.44M | -72.41M | -46.74M | 30.57M | -131.19M | -1.07B | 2.63M | -288.2M | 0 |
| Change in Payables | 48.62M | 53.12M | 124.73M | 9.32M | 136.84M | 286.73M | 642.36M | -33.3M | 423.03M | 0 |
| Cash from Investing | -59.95M | -55.93M | -103.59M | -467.89M | -535.23M | -295.06M | 2.73B | 216.31M | -292.43M | 0 |
| Capital Expenditures | -10.32M | -23.24M | -53.29M | -141.01M | -151.58M | -285.75M | -927.41M | -78.93M | -119.75M | 0 |
| CapEx % of Revenue | 2.91% | 3.02% | 3.61% | 6.79% | 6.2% | 7.71% | 29.27% | 2.98% | 3.64% | - |
| Acquisitions | 0 | 0 | 21.27M | 26.78M | 39.84M | 0 | -3.65B | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -49.63M | -32.68M | -21.27M | -26.78M | -39.84M | -614.07K | 3.65B | 0 | -153 | 0 |
| Cash from Financing | 225.01M | 2.41M | 555.38M | 35.28M | -13.16M | 6.25M | -121.94M | -59.35M | 100.27M | 0 |
| Debt Issued (Net) | 178.77M | 68.7M | 11.74M | 37.42M | -37.39M | 0 | -20M | -60M | 100M | 0 |
| Equity Issued (Net) | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -4.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -64.71M | 0 | -20.09M | -2.13M | 24.23M | 6.25M | -101.94M | 654.02K | 267K | 0 |
| Net Change in Cash | 44.07M▲ 0% | 20.88M▼ 52.6% | 457.06M▲ 2089.5% | -246.72M▼ 154.0% | -106.13M▲ 57.0% | 36.87M▲ 134.7% | 1.98B▲ 5257.2% | 259.61M▼ 86.9% | -133.82M▼ 151.5% | 0▲ 0% |
| Free Cash Flow | -133.37M▲ 0% | 56.82M▲ 142.6% | -45.51M▼ 180.1% | 37.67M▲ 182.8% | 314.02M▲ 733.7% | 48.43M▼ 84.6% | -1.76B▼ 3739.0% | 14.8M▲ 100.8% | -67.46M▼ 555.8% | 0▲ 0% |
| FCF Margin % | -37.59% | 7.39% | -3.08% | 1.81% | 12.85% | 1.31% | -55.62% | 0.56% | -2.05% | - |
| FCF Growth % | - | 142.6% | -180.1% | 182.76% | 733.68% | -84.58% | -3739.04% | 100.84% | -555.81% | - |
| FCF per Share | -12.92 | 0.76 | -0.65 | 0.49 | 3.98 | 0.60 | -23.36 | 0.19 | -0.85 | -0.85 |
| FCF Conversion (FCF/Net Income) | 0.53x | -0.43x | -0.02x | 0.94x | 2.76x | 1.48x | 16.88x | -0.34x | -0.27x | -0.00x |
| Interest Paid | 0 | 0 | 0 | 9.71M | 8.94M | 6.35M | 5.71M | 1.62M | 5.46M | 0 |
| Taxes Paid | 0 | 0 | 0 | 4.45M | 27.7M | 39.67M | 13.37M | 1.07M | 142.31K | 0 |
NIU Key Ratios
Niu Technologies (NIU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -284.72% | 27.91% | 18.9% | 20% | -3.84% | -22.62% | -19.08% | -2.56% |
| Return on Invested Capital (ROIC) | - | -738.21% | 30.77% | 15.28% | 17.18% | -6.06% | -32.96% | -37.73% | -37.73% |
| Gross Margin | 7.11% | 13.44% | 23.43% | 22.88% | 21.94% | 21.13% | 21.52% | 15.17% | 18.93% |
| Net Margin | -24% | -23.62% | 9.16% | 6.9% | 6.1% | -1.56% | -10.25% | -5.88% | -0.54% |
| Debt / Equity | - | 0.32x | 0.27x | 0.18x | 0.16x | 0.13x | 0.25x | 0.22x | 0.22x |
| Interest Coverage | -44.97x | -40.72x | 16.38x | 23.12x | 40.94x | -15.62x | -222.99x | -44.57x | -7.21x |
| FCF Conversion | -0.43x | -0.02x | 0.94x | 2.76x | 1.48x | 16.88x | -0.34x | -0.27x | -0.00x |
| Revenue Growth | 116.84% | 92.08% | 40.5% | 17.73% | 51.56% | -14.47% | -16.31% | 24% | 50.99% |
NIU Frequently Asked Questions
Niu Technologies (NIU) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Niu Technologies (NIU) reported $4.45B in revenue for fiscal year 2024. This represents a 1154% increase from $354.8M in 2016.
Niu Technologies (NIU) grew revenue by 24.0% over the past year. This is strong growth.
Niu Technologies (NIU) reported a net loss of $23.8M for fiscal year 2024.
Dividend & Returns
Niu Technologies (NIU) has a return on equity (ROE) of -19.1%. Negative ROE indicates the company is unprofitable.
Niu Technologies (NIU) had negative free cash flow of $67.5M in fiscal year 2024, likely due to heavy capital investments.
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Niu Technologies (NIU) financial analysis — history, returns, DCA and operating performance tools
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