Niu Technologies (ADR) (NIU)
Designs and sells smart electric two-wheelers and micro-mobility products through online and offline channels.
$2.10
vs last close+0.04 (+2.00%)
In millions of USD, except per-share figures · converted from CNY at the latest rate
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 139 | 72 | 75 | 141 | 153 | 122 | 102 | 188 | 253 | 100 | 135 | 215 |
| Cost of revenue | 109 | 58 | 61 | 117 | 132 | 107 | 84 | 150 | 198 | 84 | 112 | 181 |
| Gross profit | 30 | 14 | 14 | 24 | 21 | 15 | 18 | 38 | 55 | 15 | 24 | 34 |
| 43 | 37 | 25 | 29 | 30 | 29 | 25 | 40 | 44 | 30 | 39 | 51 | |
| Research & development | 6 | 5 | 4 | 5 | 5 | 6 | 4 | 7 | 6 | 7 | 6 | 8 |
| 37 | 11 | 20 | 24 | 25 | 23 | 20 | 33 | 38 | 12 | 33 | 43 | |
| Selling & marketing | 18 | 29 | 16 | 18 | 19 | 20 | 17 | 30 | 32 | 12 | 27 | 36 |
| General & administrative | 19 | −18 | 5 | 6 | 6 | 3 | 3 | 3 | 6 | 0 | 6 | 8 |
| Other expenses | 0 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 0 | 0 |
| Operating income | −13 | −23 | −10 | −5 | −9 | −14 | −7 | −2 | 11 | −15 | −16 | −16 |
| 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Interest income | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | −2 | −2 | −1 | −1 | −2 | −1 | −1 | −1 | −1 | −1 | −1 | −1 |
| Income before tax | −12 | −22 | −9 | −4 | −7 | −12 | −6 | −1 | 12 | −14 | −15 | −15 |
| Income tax expense | 0 | −2 | −1 | 0 | −1 | −1 | 0 | −2 | 0 | −1 | −1 | 0 |
| Net income from continuing operations | −12 | −19 | −8 | −4 | −6 | −11 | −6 | 1 | 12 | −13 | −14 | −15 |
| Net income | −12 | −19 | −8 | −4 | −6 | −11 | −6 | 1 | 12 | −13 | −14 | −15 |
| EPS, basic | −$0.15 | −$0.25 | −$0.10 | −$0.04 | −$0.08 | −$0.13 | −$0.07 | $0.01 | $0.15 | −$0.16 | −$0.17 | −$0.19 |
| EPS, diluted | −$0.15 | −$0.25 | −$0.10 | −$0.04 | −$0.08 | −$0.14 | −$0.07 | $0.01 | $0.15 | −$0.16 | −$0.17 | −$0.19 |
| Weighted average shares, basic | 79 | 78 | 79 | 79 | 79 | 79 | 80 | 80 | 80 | 80 | 81 | 81 |
| Weighted average shares, diluted | 79 | 79 | 79 | 79 | 79 | 79 | 80 | 82 | 83 | 80 | 81 | 81 |
| EBITDA | −12 | −22 | −9 | −3 | −7 | −12 | −6 | −1 | 12 | −14 | −15 | −15 |
| EBIT | −12 | −22 | −9 | −3 | −7 | −12 | −6 | −1 | 12 | −14 | −15 | −15 |
