Niu Technologies (NIU) AI Stock Analysis

• Market Cap: $349.28M
• Dividend Yield: N/A
• Average Volume (3M): 766.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: 32.95%
• EPS Growth: 49.69%
• Country: US
• Employees: 642
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): <0.01
• Shares Outstanding: 69,692,960
• 10 Day Avg. Volume: 591,101
• 30 Day Avg. Volume: 766,270
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.42
• Enterprise Value/Revenue: 0.04
• Enterprise Value/Gross Profit: 0.28
• Enterprise Value/Ebitda: -1.07
• 1Y Price Target: $4.50
• Price Target Upside: -3.02% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 59 Neutral
• Price Target: $4.50 ▼(-3.02% Downside)

Niu Technologies' overall stock score is primarily influenced by its financial challenges and valuation concerns, which are offset by strong technical indicators and positive earnings call highlights. The company's domestic market success and improved profitability are significant positives, but overseas market challenges and negative valuation metrics weigh on the score.

Niu Technologies Business Overview & Revenue Model

Company Description

Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series electric scooters and motorcycles; KQi series electric kick-scooters; NIU Aero and BQi series e-bikes; RQi and TQi series high-performance motorcycles; and YQi series hybrid motorcycles. It also provides accessories and spare parts under the NIU brand name comprising scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, sweaters and hoodies, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels. In addition, the company, through its NIU app, offers online repair request, DIY repairs, service station locator, theft reporting, and smart services, as well as NIU cover, which provides insurance services; NIU Care that offers maintenance and reserve services in offline service stations; and NIU Wash, which provides free wash coupon on a monthly basis. Niu Technologies sells and services its products through city partners and franchised stores, distributors, and third-party e-commerce platforms and the company's online store. As of December 31, 2021, it operated through 338 city partners and 3,108 franchised stores in approximately 239 cities in the People's Republic of China; and 42 distributors in 50 countries internationally. Niu Technologies was incorporated in 2014 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Niu Technologies generates revenue primarily through the sale of its electric scooters and motorcycles, which are marketed to both individual consumers and fleet operators. The company's revenue model includes direct sales through retail channels, online platforms, and partnerships with dealers and distributors. Key revenue streams consist of product sales, as well as after-sales services such as maintenance and repairs. The company also benefits from strategic partnerships with battery manufacturers and technology providers, which enhance its product offerings and optimize production costs. Additionally, NIU explores opportunities in ancillary services, such as software solutions for fleet management, contributing further to its earnings.

Niu Technologies Financial Statement Overview

Summary

Niu Technologies faces financial challenges, particularly with profitability and cash flow stability. The income statement reflects ongoing operational losses, while the balance sheet shows declining equity. The cash flow statement highlights issues in generating consistent positive cash flow, which is critical for future growth and investments.

Income Statement

Niu Technologies has experienced fluctuating revenue trends, with a recent increase from 2023 to 2024. However, the company's profitability metrics are concerning, with consistent negative net income and EBIT over the years, indicating operational challenges. The decline in gross profit margin from previous years, coupled with negative EBITDA and EBIT margins, highlights ongoing profitability issues.

Balance Sheet

The balance sheet of Niu Technologies shows a moderate debt-to-equity ratio, indicating a reasonable leverage level. However, the declining stockholders' equity and the negative return on equity signal potential risks in generating shareholder value. The equity ratio suggests a balanced capital structure, yet the trend of decreasing equity is concerning.

Cash Flow

Niu Technologies' cash flow reveals significant challenges, with periods of negative free cash flow and operating cash flow. The absence of substantial free cash flow growth and inconsistent cash flow generation relative to net income indicate financial instability. This could hinder the company's capacity to reinvest and grow sustainably.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.47B	3.29B	2.65B	3.17B	3.70B	2.44B
Gross Profit	521.29M	498.76M	570.75M	669.68M	812.78M	559.15M
EBITDA	-137.19M	-102.57M	-132.54M	53.43M	374.50M	247.36M
Net Income	-177.25M	-193.20M	-271.84M	-49.46M	225.82M	168.65M
Balance Sheet
Total Assets	2.51B	2.61B	2.19B	2.54B	2.44B	1.85B
Cash, Cash Equivalents and Short-Term Investments	747.23M	904.37M	970.13M	903.28M	1.08B	1.10B
Total Debt	585.17M	200.09M	272.66M	484.40M	337.54M	180.00M
Total Liabilities	1.61B	1.68B	1.10B	1.23B	1.18B	853.44M
Stockholders Equity	896.98M	931.28M	1.09B	1.31B	1.26B	993.37M
Cash Flow
Free Cash Flow	0.00	-67.46M	14.80M	-1.76B	48.43M	314.02M
Operating Cash Flow	0.00	52.29M	93.74M	-834.96M	334.17M	465.60M
Investing Cash Flow	0.00	-292.43M	216.31M	2.73B	-295.06M	-535.23M
Financing Cash Flow	0.00	100.27M	-59.35M	-121.94M	6.25M	-13.16M

Niu Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NIU, the sentiment is Positive. The current price of 4.64 is above the 20-day moving average (MA) of 4.34, above the 50-day MA of 4.19, and above the 200-day MA of 3.20, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 63.91 is Neutral, neither overbought nor oversold. The STOCH value of 76.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NIU.

Niu Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NIU	59 Neutral	$349.28M	―	-15.19%	―	32.95%	49.69%
WKHS	45 Neutral	17.22M	-0.04	-365.78%	―	11.73%	74.79%
FFAI	45 Neutral	242.90M	-0.20	-309.52%	―	-43.10%	98.55%
EVTV	44 Neutral	7.31M	-0.20	-42.29%	―	2.97%	-11.17%
CENN	40 Neutral	30.02M	-0.44	-57.64%	―	7.86%	-22.19%
PEVM	38 Underperform	8.23M	-0.40	―	―	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Niu Technologies Corporate Events

Niu Technologies Reports Strong Q2 2025 Financial Performance

Niu Technologies reported a significant financial turnaround in the second quarter of 2025, with revenues reaching RMB 1,255.7 million, a 33.5% increase year-over-year, and a net income of RMB 5.9 million compared to a net loss in the previous year. This growth was driven by a 36.7% increase in e-scooter sales, particularly in China, where sales rose by 53.6%, despite a decline in international sales. The company expanded its domestic retail network and improved its gross margin to 20.1%, reflecting successful cost-reduction strategies. However, geopolitical and economic uncertainties affected international sales, particularly in the micromobility segment.

Niu Technologies Reports Strong Q2 2025 Sales Growth

Niu Technologies reported its sales volume for the second quarter of 2025, revealing a total of 350,090 units sold, with 318,719 units in China and 31,371 units internationally. The company focused on enhancing its product line in China, achieving top rankings during the ‘618 Shopping Festival’ on major e-commerce platforms, thus reinforcing its position in the premium market. Internationally, Niu expanded its portfolio with new electric motorcycle models and strengthened its distribution network, despite challenges in the micromobility sector.