Strong Sales Volume Growth in China
In Q3 2025, Niu Technologies achieved a total sales volume of 465,000 units, marking a 49.1% year-over-year increase. Sales in China rose to 451,000 units, up 74% year-over-year.
Revenue and Gross Margin Expansion
Total revenue grew 65% year-over-year to RMB 1.69 billion. Gross margin expanded to 21.8%, up 8.0 percentage points from the prior year.
Successful Product Launches
The FX Windstorm model sold 14,000 units in the first 5 hours, generating RMB 68 million in GMV, and ranked #1 on several e-commerce platforms.
Improved Net Profit and Operational Efficiency
Net profit for Q3 2025 was RMB 81.69 million, continuing the profitability momentum from Q2. Operational efficiency was enhanced, contributing to this improvement.
Expansion in Lower-Tier Cities and Store Network
The company added 238 net new stores in Q3, with nearly half in lower-tier cities, supporting deeper market penetration.