Niu Technologies
NIU · Motor Vehicles & Passenger Car Bodies · EDGAR filings ↗
Grade
D52Chinese e-scooter maker with strong revenue growth and margins but still near-breakeven losses and a sharp profit decline.
Strengths
- Revenue growth 31% (70th pct) and gross margin 72nd pct
- Positive operating cash flow and FCF (57th pct), ample cash
Risks
- Net income down 80% (18th pct); operating and net margins still negative
- VIE/China withholding and regulatory exposure; weak quick ratio (40th pct)
Notable findings
- Net lossNet loss (net margin -0.9%)
- Strong balance sheetStrong balance sheet — $141M cash & investments
Key metrics
Gross margin
19.6%
Operating margin
-2.0%
Net margin
-0.9%
Return on equity
-4.4%
Return on assets
-1.3%
Revenue growth (QoQ)
36.7%
Current ratio
1.2×
Free cash flow
$25M
EBITDA
$3M
Tangible book value
$129M
Cash & investments
$141M
Stock comp / revenue
0.6%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-17 | 2025-12-31 | 0001104659-26-044568 ↗ |
| 20-F | 2025-04-18 | 2024-12-31 | 0001410578-25-000798 ↗ |
| 20-F | 2024-04-24 | 2023-12-31 | 0001104659-24-050776 ↗ |
| 20-F | 2023-04-21 | 2022-12-31 | 0001104659-23-047988 ↗ |
| 20-F | 2022-04-27 | 2021-12-31 | 0001104659-22-051148 ↗ |
| 20-F | 2021-04-09 | 2020-12-31 | 0001104659-21-048371 ↗ |
| 20-F | 2020-04-24 | 2019-12-31 | 0001104659-20-050585 ↗ |
| 20-F | 2019-04-25 | 2018-12-31 | 0001104659-19-023545 ↗ |