← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $354.8m |
$769.4m
+116.84%
|
$214.9m
-72.06%
|
$298.2m
+38.76%
|
$374.6m
+25.61%
|
$581.3m
+55.18%
|
$459.4m
-20.97%
|
$2.7b
+477.22%
|
$3.3b
+24.00%
|
$4.3b
+31.01%
|
$4.5b
+5.28%
|
|
| Cost of Revenue | ($367.6m) |
$714.7m
+294.42%
|
$186.0m
-73.97%
|
$228.4m
+22.74%
|
$288.9m
+26.52%
|
$453.8m
+57.06%
|
$362.3m
-20.16%
|
$293.1m
-19.10%
|
$382.2m
+30.39%
|
$495.4m
+29.63%
|
$3.7b
+637.07%
|
|
| Cost of revenues | ($367.6m) |
($714.7m)
-94.42%
|
($1.3b)
-78.99%
|
($1.6b)
-24.28%
|
($1.9b)
-18.58%
|
($2.9b)
-53.39%
|
($2.5b)
+13.58%
|
($2.1b)
+16.72%
|
($2.8b)
-34.05%
|
($3.5b)
-24.19%
|
$3.7b
+205.40%
|
|
| Reconciled Cost Of Revenue | — | — | — | — | — | — | $2.5b |
$2.1b
-16.97%
|
$2.8b
+34.30%
|
$3.4b
+24.29%
|
$3.7b
+6.71%
|
|
| Net Interest Income | — | — | — | — | — | — | $7.1m |
$34.1m
+376.86%
|
$31.5m
-7.64%
|
$20.3m
-35.38%
|
$18.9m
-7.10%
|
|
| Gross Profit | ($12.8m) |
$54.7m
+528.08%
|
$28.9m
-47.19%
|
$69.9m
+141.92%
|
$85.7m
+22.61%
|
$127.5m
+48.84%
|
$97.1m
-23.87%
|
$80.4m
-17.21%
|
$68.3m
-15.00%
|
$120.6m
+76.54%
|
$884.0m
+632.86%
|
|
| Research And Development | $33.1m | $39.5m | $91.8m | $67.2m | $105.3m | $135.2m | $176.5m | $151.0m | $130.1m | $166.5m | $178.0m | |
| Research and Development Expense | — | $39.5m | $13.4m | $9.7m | $16.1m | $21.2m | $25.6m | $21.3m | $17.8m | $23.8m | $178.0m | |
| Selling and Marketing Expense | — | $83.1m | $21.8m | $26.3m | $30.8m | $52.1m | $63.9m | $69.8m | $67.1m | $96.6m | $779.5m | |
| Selling and marketing expenses | ($89.8m) | ($83.1m) | ($150.2m) | ($182.9m) | ($200.8m) | ($332.0m) | ($440.4m) | ($495.7m) | ($489.6m) | ($675.8m) | $779.5m | |
| General and Administrative Expense | — | $76.4m | $39.9m | $11.4m | $16.1m | $22.3m | $23.0m | $34.4m | $17.9m | $13.0m | $101.1m | |
| General and administrative expenses (including allowance for doubtful accounts of RMB139,445,017 and RMB7,632,517 for the years ended December 31, 2023 and 2024, respectively, and a reversal of allowance of RMB5,870,581 for the year ended December 31, 2025) | ($90.8m) | ($76.4m) | ($274.1m) | ($79.6m) | ($104.9m) | ($141.8m) | ($158.5m) | ($244.5m) | ($130.6m) | ($91.0m) | $101.1m | |
| Amortization of Intangible Assets | — | $697k | $2.1m | $2.5m | $2.0m | $1.9m | $1.9m | $557k | — | — | — | |
| Operating Lease, Expense | — | — | — | $10.9m | $14.0m | — | — | — | — | — | — | |
| Other Operating Expenses | — | — | — | — | — | — | ($16.4m) | ($3.0m) | ($912k) | ($1.4m) | — | |
| Operating Expenses | — | — | — | $47.4m | $63.0m | $95.6m | $112.4m | $125.5m | $102.8m | $133.4m | $1.0b | |
| Total operating expenses | — | ($197.4m) | ($514.4m) | ($329.7m) | ($411.0m) | ($609.0m) | ($775.3m) | ($891.2m) | ($750.3m) | ($933.2m) | $1.0b | |
| Operating Income (Loss) | ($226.5m) |
($144.3m)
+36.29%
|
($46.2m)
+68.00%
|
$26.8m
+158.09%
|
$26.2m
-2.49%
|
$39.6m
+51.50%
|
($12.9m)
-132.67%
|
($44.7m)
-245.49%
|
($34.3m)
+23.22%
|
($12.6m)
+63.25%
|
($146.1m)
-1057.75%
|
|
| Interest Expense | — | $3.2m | $1.1m | $1.6m | $1.1m | $968k | $829k | $201k | $5.6m | $6.1m | $6.2m | |
| Interest expenses | ($2.3m) | ($3.2m) | ($7.7m) | ($11.4m) | ($7.4m) | ($6.2m) | ($5.7m) | ($1.4m) | ($5.6m) | ($6.1m) | $6.2m | |
| Investment Income, Interest | — | $1.0m | $436k | $2.4m | $1.3m | $844k | $1.9m | $5.0m | $5.1m | $3.8m | — | |
| Interest income | $661k | $1.0m | $3.0m | $16.9m | $8.8m | $5.4m | $12.9m | $35.5m | $37.1m | $26.5m | $25.1m | |
| Investment income | $370k | $2.3m | $4.6m | $6.1m | $17.7m | $21.2m | $10.9m | $1.4m | $2.4m | $5.5m | — | |
| Net Non Operating Interest Income Expense | — | — | — | — | — | — | $7.1m | $34.1m | $31.5m | $20.3m | $18.9m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $1.6m | $239k | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Investments | — | $2.3m | $669k | $875k | $2.7m | $3.3m | $1.6m | $201k | $323k | $793k | — | |
| Gain On Sale Of Security | $370k | $2.3m | $4.6m | $6.1m | $17.7m | $21.2m | $10.9m | $1.4m | $2.4m | $5.5m | $5.6m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | $5.7m | $1.4m | $770k | $877k | $6.2m | |
| Other Income Expense | $370k | $2.3m | $4.6m | $6.1m | $17.7m | $21.2m | $10.9m | $1.4m | $2.4m | $5.5m | $5.6m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | ($34.3m) | ($121.6m) | |
| Loss before income taxes | ($232.7m) | ($184.7m) | ($349.0m) | $198.3m | $189.7m | $272.9m | ($71.2m) | ($282.0m) | ($216.8m) | ($62.4m) | — | |
| Pre-Tax Income | ($232.7m) | ($184.7m) | ($349.0m) | $198.3m | $189.7m | $272.9m | ($71.2m) | ($282.0m) | ($216.8m) | ($62.4m) | ($121.6m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | ($184.7m) | ($50.8m) | $28.5m | $29.1m | $42.8m | ($10.3m) | ($39.7m) | ($29.7m) | ($8.9m) | ($121.6m) | |
| Income tax benefit | — | $0 | $0 | ($8.2m) | ($21.1m) | ($47.0m) | $21.8m | $10.2m | $23.6m | $23.0m | — | |
| Foreign currency translation adjustment, net of nil income taxes | ($2.7m) | $10.0m | ($28.4m) | $8.9m | ($30.1m) | ($9.7m) | $37.3m | $7.4m | $6.4m | ($14.9m) | — | |
| Less: reclassification adjustment for gain on available-for-sale securities realized in net loss, net of RMB64,025, nil and nil income taxes for the year 2023, 2024 and 2025, respectively | ($370k) | ($2.3m) | ($4.6m) | ($4.6m) | ($13.3m) | ($15.9m) | ($9.2m) | ($363k) | — | — | — | |
| Unrealized gain on available-for-sale securities, net income taxes of RMB3,080, nil and nil for the year 2023, 2024 and 2025, respectively | $457k | $2.4m | $4.7m | $6.1m | $12.8m | $17.4m | $6.5m | $17k | — | — | — | |
| Current Income Tax Expense (Benefit) | — | $0 | $0 | $7.5m | $39.2m | $42.7m | ($15.7m) | $759k | ($320k) | $1.2m | ($27.1m) | |
| Income Tax Expense (Benefit) | — | — | — | $1.2m | $3.2m | $7.4m | ($3.2m) | ($1.4m) | ($3.2m) | ($3.3m) | ($27.1m) | |
| Net loss | ($232.7m) | ($184.7m) | ($349.0m) | $190.1m | $168.7m | $225.8m | ($49.5m) | ($271.8m) | ($193.2m) | ($39.4m) | — | |
| Net Income From Continuing And Discontinued Operation | ($232.7m) | ($184.7m) | ($349.0m) | $190.1m | $168.7m | $225.8m | ($49.5m) | ($271.8m) | ($193.2m) | ($39.4m) | ($94.5m) | |
| Net Income (Loss) Attributable to Parent | $457k |
($184.7m)
-40466.03%
|
($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%
|
($94.5m)
-1577.22%
|
|
| Earnings Per Share, Basic | — | ($7.02) | ($5.30) | $0.18 | $0.17 | $0.23 | ($0.05) | ($0.24) | ($0.17) | ($0.04) | ($1.18) | |
| Earnings Per Share, Diluted | ($22.35) | ($7.02) | ($5.30) | $0.18 | $0.16 | $0.22 | ($0.05) | ($0.24) | ($0.17) | ($0.04) | ($1.18) | |
| Weighted Average Number of Shares Outstanding, Basic | — | 26.3m | 65.8m | 149.0m | 150.9m | 153.7m | 155.2m | 156.8m | 158.5m | 159.7m | 80.2m | |
| Basic Average Shares | — | — | — | — | — | — | $77.6m | $78.4m | $79.2m | $79.9m | $80.2m | |
| Diluted Average Shares | — | — | — | — | — | — | $77.6m | $78.4m | $79.2m | $79.9m | $80.2m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 26.3m | 65.8m | 153.2m | 157.8m | 160.5m | 155.2m | 156.8m | 158.5m | 159.7m | 80.2m | |
| Additional Financial Items | ||||||||||||
| Government grants | $1.3m | $833k | $1.4m | $29.8m | $22.4m | $48.7m | $16.4m | $3.0m | $912k | $1.4m | — | |
| Comprehensive loss | ($235.3m) | ($174.6m) | ($377.4m) | $200.5m | $138.0m | $217.7m | ($14.9m) | ($264.8m) | ($186.8m) | ($54.2m) | — | |
| -Basic | — | $26.3m | $65.8m | $149.0m | $150.9m | $153.7m | $155.2m | $156.8m | $158.5m | $159.7m | ($1) | |
| -Diluted | — | $26.3m | $65.8m | $153.2m | $157.8m | $160.5m | $155.2m | $156.8m | $158.5m | $159.7m | ($94.5m) | |
| Depreciation Amortization Depletion Income Statement | — | — | — | — | — | — | $112.8m | $117.1m | $85.7m | $68.3m | $68.3m | |
| Depreciation And Amortization In Income Statement | — | — | — | — | — | — | $112.8m | $117.1m | $85.7m | $68.3m | $68.3m | |
| Depreciation Income Statement | — | — | — | — | — | — | $112.8m | $117.1m | $85.7m | $68.3m | $68.3m | |
| Diluted EPS | — | — | — | — | — | — | ($0.64) | ($3.46) | ($2.44) | ($0.50) | ($1.18) | |
| Diluted NI Availto Com Stockholders | ($232.7m) | ($184.7m) | ($349.0m) | $190.1m | $168.7m | $225.8m | ($49.5m) | ($271.8m) | ($193.2m) | ($39.4m) | ($94.5m) | |
| Normalized EBITDA | — | — | — | — | — | — | $66.3m | ($134.0m) | ($91.4m) | $49.2m | ($115.4m) | |
| Normalized Income | — | — | — | — | — | — | ($57.0m) | ($273.2m) | ($195.3m) | ($42.9m) | ($98.8m) | |
| Other Gand A | — | — | — | — | — | — | $125.3m | $96.0m | $115.9m | $79.2m | — | |
| Provision For Doubtful Accounts | — | — | — | — | — | — | $25.0m | $139.4m | $7.6m | $5.9m | $5.9m | |
| Reconciled Depreciation | — | — | — | — | — | — | $142.7m | $148.1m | $122.1m | $111.0m | $68.3m | |
| Selling General And Administration | — | — | — | — | — | — | $461.0m | $483.8m | $526.9m | $692.5m | — | |
| Tax Effect Of Unusual Items | — | — | — | — | — | — | $3.3m | $52k | $257k | $2.0m | $1.2m | |
| Tax Provision | — | — | — | — | — | — | ($21.8m) | ($10.2m) | ($23.6m) | ($23.0m) | ($27.1m) | |
| Tax Rate For Calcs | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Operating Expense | — | — | — | — | — | — | $759.0m | $888.3m | $749.4m | $931.8m | $1.0b | |
| Total Unusual Items | $370k | $2.3m | $4.6m | $6.1m | $17.7m | $21.2m | $10.9m | $1.4m | $2.4m | $5.5m | $5.6m | |
| Total Expenses | — | — | — | — | — | — | $3.3b | $3.0b | $3.5b | $4.4b | $4.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.