← Niu Technologies
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($49.5m) | ($271.8m) | ($193.2m) | ($39.4m) | ($39.4m) | |
| Net loss | ($232.7m) | ($184.7m) | ($349.0m) | $190.1m | $168.7m | $225.8m | ($49.5m) | ($271.8m) | ($193.2m) | ($39.4m) | — | |
| Net Income (Loss) Attributable to Parent | — | ($184.7m) |
($50.8m)
+72.51%
|
$27.3m
+153.79%
|
$25.8m
-5.34%
|
$35.4m
+37.10%
|
($7.2m)
-120.24%
|
($38.3m)
-433.89%
|
($26.5m)
+30.87%
|
($5.6m)
+78.72%
|
— | |
| Depreciation, Depletion and Amortization | $5.2m | $9.7m | $2.7m | $4.7m | $7.7m | $15.0m | $20.7m | $20.9m | $16.7m | $15.9m | $111.0m | |
| Depreciation | $5.2m | $9.0m | $16.8m | $29.5m | $47.5m | $93.6m | $140.8m | $147.5m | $121.9m | $110.7m | $111.0m | |
| Amortization of Intangible Assets | — | $697k | $2.1m | $2.5m | $2.0m | $1.9m | $1.9m | $557k | — | — | — | |
| Amortization Cash Flow | — | — | — | — | — | $1.9m | $1.9m | $557k | — | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | $1.9m | $1.9m | $557k | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $142.7m | $148.1m | $122.1m | $111.0m | $111.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $754k | ($2.8m) | $678k | ($881k) | ($1.5m) | ($3.2m) | ($3.5m) | ($24.2m) | |
| Deferred income tax benefit | — | — | — | $754k | ($18.2m) | $4.3m | ($6.1m) | ($11.0m) | ($23.3m) | ($24.2m) | ($24.2m) | |
| Deferred Tax | — | — | — | — | — | — | ($6.1m) | ($11.0m) | ($23.3m) | ($24.2m) | ($24.2m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $62.5m | $38.7m | $2.8m | $6.1m | $7.4m | $8.4m | $6.7m | $3.3m | $4.0m | $27.7m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $58.2m | $47.7m | $24.2m | $27.7m | $27.7m | |
| Share-based compensation (Note 13) | $78.3m | $62.5m | $265.9m | $19.6m | $39.6m | $47.2m | $58.2m | $47.7m | $24.2m | $27.7m | $27.7m | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $1.7m | $1.2m | $1.2m | $924k | $711k | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $9.0m | $21.7m | $30.0m | $89.2m | $89.2m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($291.9m) | $17.3m | $81.8m | $197.2m | $197.2m | |
| Increase (Decrease) in Accounts Receivable | — | ($8.3m) | $6.2m | $9.2m | ($2.1m) | $26.4m | $8.1m | ($9.2m) | $6.1m | ($14.5m) | $101.3m | |
| Accounts receivable | ($19.2m) | $8.3m | ($42.8m) | ($63.9m) | $13.4m | ($168.5m) | ($56.1m) | $65.4m | ($44.9m) | $101.3m | $101.3m | |
| Change In Receivables | — | — | — | — | — | — | ($69.5m) | $78.7m | ($44.9m) | $101.3m | $101.3m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($56.1m) | $65.4m | ($44.9m) | $101.3m | $101.3m | |
| Increase (Decrease) in Inventories | — | $21.4m | $10.5m | $6.7m | ($4.7m) | $20.6m | $22.6m | ($370k) | $39.5m | $12.8m | ($89.5m) | |
| Inventory Write-down | — | $0 | $2.7m | $1.5m | $890k | $577k | $1.3m | $3.1m | $4.1m | $12.8m | — | |
| Write-downs of inventories (Note 4) | $0 | $0 | $18.3m | $10.5m | $5.8m | $3.7m | $9.0m | $21.7m | $30.0m | $89.2m | — | |
| Inventories | ($37.3m) | ($21.4m) | ($72.4m) | ($46.7m) | $30.6m | ($131.2m) | ($156.1m) | $2.6m | ($288.2m) | ($89.5m) | ($89.5m) | |
| Change In Inventory | — | — | — | — | — | — | ($156.1m) | $2.6m | ($288.2m) | ($89.5m) | ($89.5m) | |
| Increase (Decrease) in Accounts Payable | — | $53.1m | $18.1m | $1.3m | $21.0m | $45.0m | $13.6m | ($4.7m) | $58.0m | ($9.3m) | ($64.9m) | |
| Accounts payable and notes payable | $48.6m | $53.1m | $124.7m | $9.3m | $136.8m | $286.7m | $93.7m | ($33.3m) | $423.0m | ($64.9m) | ($64.9m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $65.0m | ($55.8m) | $455.5m | $102.7m | ($64.9m) | |
| Deferred revenue | $4.9m | $5.1m | $2.9m | $20.4m | ($7.9m) | $18.1m | $5.5m | $6.0m | $12.2m | $31.3m | — | |
| Accrued expenses and other current liabilities | $26.9m | $39.2m | $55.6m | $25.7m | $9.7m | $15.3m | ($13.1m) | ($21.9m) | $32.8m | $166.5m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | ($13.1m) | ($21.9m) | $32.8m | $166.5m | $166.5m | |
| Prepayments and other current assets | ($11.0m) | $24.5m | ($19.6m) | ($3.9m) | $1.1m | ($24.8m) | ($125.9m) | ($5.1m) | ($58.8m) | ($77.8m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($1.8m) | $6.3m | ($6.1m) | ($16.9m) | ($16.9m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($16.6m) | ($9.7m) | ($4.4m) | ($661k) | ($661k) | |
| Net Cash Provided by (Used in) Operating Activities | ($123.1m) |
$80.1m
+165.06%
|
$1.1m
-98.59%
|
$25.7m
+2168.38%
|
$71.4m
+178.02%
|
$52.4m
-26.51%
|
($17.7m)
-133.69%
|
$13.2m
+174.73%
|
$7.2m
-45.74%
|
$50.5m
+605.22%
|
$353.3m
+599.31%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($5k) | ($33k) | ($7k) | ($3k) | ($37k) | ($69k) | ($3k) | ($64k) | ($330k) | ($7.3m) | |
| Payments to Acquire Property, Plant, and Equipment | ($10.3m) | $23.2m | $4.7m | ($114.2m) | ($111.7m) | ($285.7m) | ($135.3m) | $11.1m | $16.4m | $25.4m | ($177.8m) | |
| Gain (Loss) on Investments | — | $2.3m | $669k | $875k | $2.7m | $3.3m | $1.6m | $201k | $323k | $793k | ($5.5m) | |
| Cash paid for purchase of short-term investments | ($110.0m) | ($412.0m) | ($1.3b) | ($1.8b) | ($2.7b) | ($6.0b) | ($2.6b) | ($420.0m) | ($2.0b) | ($3.4b) | — | |
| Cash received from sale of short-term investments | $60.4m | $379.3m | $1.3b | $1.6b | $2.3b | $6.0b | $3.2b | $581.4m | $2.0b | $3.4b | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | $96k | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($59.9m) | ($55.9m) | ($15.1m) | ($67.2m) | ($82.0m) | ($46.3m) | $57.7m | $30.5m | ($40.1m) | ($13.0m) | ($90.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from short-term bank borrowings | $112.8m | $118.7m | $200.0m | $266.3m | $180.0m | $340.0m | $340.0m | $100.0m | $200.0m | $240.0m | — | |
| Repayment for short-term bank borrowings | ($49.8m) | ($50.0m) | ($188.2m) | ($228.9m) | ($217.4m) | ($340.0m) | ($360.0m) | ($160.0m) | ($100.0m) | ($200.0m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $340.0m | $100.0m | $200.0m | $240.0m | $240.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($20.0m) | ($60.0m) | $100.0m | $40.0m | $40.0m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($20.0m) | ($60.0m) | $100.0m | $40.0m | $40.0m | |
| Short Term Debt Issuance | — | — | — | — | — | — | $340.0m | $100.0m | $200.0m | $240.0m | $240.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($360.0m) | ($160.0m) | ($100.0m) | ($200.0m) | ($200.0m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($360.0m) | ($160.0m) | ($100.0m) | ($200.0m) | ($200.0m) | |
| Payments for Repurchase of Common Stock | — | — | $611k | — | — | — | — | — | — | — | — | |
| Net cash (used in) provided by financing activities | $225.0m |
$2.4m
-98.93%
|
$555.4m
+22899.97%
|
$35.3m
-93.65%
|
($13.2m)
-137.31%
|
$6.2m
+147.45%
|
($17.8m)
-384.92%
|
($59.3m)
-233.46%
|
$100.3m
+268.95%
|
$40.2m
-59.94%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $2.4m |
$80.8m
+3245.21%
|
$5.1m
-93.73%
|
($2.0m)
-139.81%
|
$980k
+148.59%
|
($2.6m)
-363.24%
|
($8.4m)
-223.94%
|
$13.7m
+264.34%
|
$5.7m
-58.19%
|
$40.2m
+599.31%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $44.1m | $20.9m | $457.1m | ($246.7m) | ($106.1m) | $36.9m | $288.3m | $259.6m | ($133.8m) | $289.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $20.9m | $66.5m | ($35.4m) | ($16.3m) | $5.8m | $41.8m | $36.6m | ($18.3m) | $41.4m | $1.1b | |
| Beginning Cash Position | — | — | — | — | — | — | $432.3m | $720.6m | $980.2m | $846.4m | $846.4m | |
| Cash, cash equivalents and restricted cash at the beginning of the year | $91.1m | $112.0m | $569.1m | $501.6m | $395.5m | $432.3m | $720.6m | $980.2m | $846.4m | $1.1b | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($5.7m) | ($365k) | $1.0m | ($3.6m) | ($1.3m) | — | — | — | — | ($13.6m) | |
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash | — | — | — | $7.2m | ($23.3m) | ($8.5m) | $30.0m | $8.9m | $6.1m | ($13.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $16.3m | $82.8m | $72.1m | $60.6m | $67.8m | $104.5m | $138.1m | $116.0m | $162.4m | $1.1b | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $30.0m | $8.9m | $6.1m | ($13.6m) | ($13.6m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income Tax Expense (Benefit) | — | — | — | $1.2m | $3.2m | $7.4m | ($3.2m) | ($1.4m) | ($3.2m) | ($3.3m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $770k | $877k | — | |
| Operating Lease, Expense | — | — | — | $10.9m | $14.0m | — | — | — | — | — | — | |
| Operating lease liabilities | — | — | — | — | — | ($8.4m) | ($7.2m) | ($8.5m) | ($5.2m) | ($3.9m) | — | |
| Additional Financial Items | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | — | $143k | $3.7m | $980k | $319k | $92k | $37k | $24k | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $1.6m | $239k | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | ($220k) | ($16k) | $102k | ($515k) | ($295k) | $1.1m | $642k | $269k | $583k | — | |
| General and Administrative Expense | — | $76.4m | $39.9m | $11.4m | $16.1m | $22.3m | $23.0m | $34.4m | $17.9m | $13.0m | — | |
| Investment Income, Interest | — | $1.0m | $436k | $2.4m | $1.3m | $844k | $1.9m | $5.0m | $5.1m | $3.8m | — | |
| Operating Expenses | — | — | — | $47.4m | $63.0m | $95.6m | $112.4m | $125.5m | $102.8m | $133.4m | — | |
| Allowance for doubtful accounts | $48k | $1.9m | ($1.2m) | $3.1m | $506k | $1.3m | $25.0m | $139.4m | $7.6m | ($5.9m) | — | |
| Reduction in the carrying amount of right-of-use assets | — | — | — | — | — | $10.7m | $8.5m | $8.3m | $6.7m | $5.0m | — | |
| Investment income | ($370k) | ($2.3m) | ($4.6m) | ($6.1m) | ($17.7m) | ($21.2m) | ($10.9m) | ($1.4m) | ($2.4m) | ($5.5m) | — | |
| Unrealized foreign exchange gain | $4.4m | $220k | $109k | ($707k) | $3.4m | $1.9m | ($7.5m) | ($4.6m) | ($2.0m) | ($4.1m) | — | |
| Other non-current assets | — | — | ($130k) | ($2.4m) | ($392k) | $1.5m | ($1.8m) | $6.3m | ($6.1m) | ($16.9m) | — | |
| Advances from customers | $5.6m | $35.2m | ($28.0m) | ($13.0m) | $32.7m | ($22.8m) | $7.5m | ($5.7m) | $16.6m | $146.7m | — | |
| Other non-current liabilities | — | $5.7m | $5.2m | $532k | $5.8m | ($4.4m) | ($9.4m) | ($1.3m) | $729k | $3.2m | — | |
| Income tax receivable | — | — | — | — | — | — | ($13.3m) | $13.3m | — | — | — | |
| Income taxes payable | — | — | — | $3.0m | $11.5m | $3.0m | ($15.7m) | ($540k) | ($286k) | $1.1m | — | |
| Cash paid for purchase of term deposits | — | — | ($95.5m) | ($172.4m) | ($411.3m) | ($357.2m) | ($635.5m) | ($379.4m) | ($379.8m) | ($50.0m) | — | |
| Cash received from redemption of term deposits | — | — | $75.6m | $27.6m | $445.8m | $353.3m | $551.8m | $513.2m | $204.7m | $195.0m | — | |
| Cash received from exercise of employee stock options | — | — | — | $997k | $24.2m | $6.2m | $2.2m | $654k | $267k | $165k | — | |
| Construction payable | — | — | — | — | $6.3m | $11.3m | $7.5m | $13.4m | $19.8m | $55.4m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($17.8m) | ($59.3m) | $100.3m | $40.2m | $40.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $397.9m | $216.3m | ($292.4m) | ($90.6m) | ($90.6m) | |
| Change In Account Payable | — | — | — | — | — | — | $93.7m | ($33.3m) | $423.0m | ($64.9m) | ($64.9m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $13.1m | $296k | $28.8m | $178.1m | $178.1m | |
| Change In Payable | — | — | — | — | — | — | $78.0m | ($33.8m) | $422.7m | ($63.8m) | ($64.9m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($125.9m) | ($5.1m) | ($58.8m) | ($77.8m) | ($77.8m) | |
| Change In Tax Payable | — | — | — | — | — | — | ($15.7m) | ($540k) | ($286k) | $1.1m | $1.1m | |
| Changes In Cash | — | — | — | — | — | — | $258.2m | $250.7m | ($139.9m) | $302.8m | $302.8m | |
| End Cash Position | — | — | — | — | — | — | $720.6m | $980.2m | $846.4m | $1.1b | $1.1b | |
| Financing Cash Flow | — | — | — | — | — | — | ($17.8m) |
($59.3m)
-233.46%
|
$100.3m
+268.95%
|
$40.2m
-59.94%
|
$40.2m
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($257.2m) | $14.8m | ($67.5m) | $175.5m | $175.5m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($10.9m) | ($1.4m) | ($2.4m) | ($5.5m) | ($5.5m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $478k | $22k | $470k | $2.3m | $2.3m | |
| Investing Cash Flow | — | — | — | — | — | — | $397.9m | $216.3m | ($292.4m) | ($90.6m) | ($90.6m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($7.5m) | ($4.6m) | ($2.0m) | ($4.1m) | ($4.1m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($135.3m) | ($78.9m) | ($119.7m) | ($177.8m) | ($177.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($17.9m) | ($6.0m) | ($3.9m) | ($7.3m) | ($7.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | $8.5m | $8.3m | $6.7m | $5.0m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $2.2m | $654k | $267k | $165k | $165k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $25.0m | $139.4m | $7.6m | ($5.9m) | ($5.9m) | |
| Purchase Of Intangibles | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($135.3m) | ($78.9m) | ($119.7m) | ($177.8m) | ($177.8m) | |
| Stock Based Compensation | — | — | — | — | — | — | $58.2m | $47.7m | $24.2m | $27.7m | $27.7m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $533.2m | $295.2m | ($172.7m) | $87.2m | $87.2m | |
| Purchase Of Investment | — | — | — | — | — | — | ($3.2b) | ($799.4m) | ($2.4b) | ($3.5b) | ($3.5b) | |
| Sale Of Investment | — | — | — | — | — | — | $3.8b | $1.1b | $2.3b | $3.6b | $3.6b | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $288.3m | $259.6m | ($133.8m) | $289.2m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.2m | $3.1m | $1.1m | $1.4m | $1.4m | $996k | $828k | $228k | $748k | $844k | — | |
| Income Taxes Paid, Net | — | — | — | $639k | $4.2m | $6.2m | $1.9m | $150k | $19k | $13k | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.