Niu Technologies (NIU) AI Stock Analysis

• Market Cap: $254.94M
• Dividend Yield: N/A
• Average Volume (3M): 630.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 51.03%
• EPS Growth: 90.70%
• Country: US
• Employees: 642
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 0.07
• Shares Outstanding: 69,692,960
• 10 Day Avg. Volume: 331,322
• 30 Day Avg. Volume: 630,910
• PEG Ratio: 0.18
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 0.31
• P/FCF Ratio: -15.34
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $3.00 ▼(-17.13% Downside)

Niu Technologies' overall stock score reflects significant financial challenges, particularly in profitability and cash flow. While the earnings call provided some positive insights into growth and operational efficiency, technical analysis and valuation metrics indicate ongoing risks. The company's strong performance in China is a positive factor, but overseas market challenges and regulatory uncertainties weigh on the outlook.

Positive Factors

Leading China unit growth

Sustained, large-scale unit growth in China demonstrates strong product-market fit and distribution reach. High domestic volumes support procurement scale, channel economics, and brand recognition, creating a durable competitive base that can fund new model rollouts and margin improvement over multiple quarters.

Gross margin and profitability improvement

Meaningful margin expansion alongside a return to quarterly net profit signals improving unit economics and operational leverage. If sustained, higher gross margins and recurring profitability enhance free cash generation potential and allow reinvestment in R&D, channels, and product differentiation over the medium term.

Product innovation and channel expansion

Rapid sell-through of new, higher-priced models and addition of net new stores indicate effective product-market alignment and expanding retail footprint. A strong new-model pipeline combined with deeper channel coverage supports a durable mix shift to higher ASPs and customer loyalty among urban and Gen Z riders.

Negative Factors

Weak cash flow generation

Intermittent negative operating and free cash flow undermines the company's ability to self-fund growth, capex, and working capital needs. Continued weak cash conversion elevates refinancing risk, constrains strategic flexibility, and may force dilution or higher-cost debt if profitability momentum falters.

Declining shareholders' equity and leverage concerns

A trend of falling equity and negative ROE signals erosion of shareholder value and limited internal capital cushions. Moderate leverage alongside shrinking equity reduces financial flexibility, increasing vulnerability to demand shocks and raising the cost of funding international expansion or product investments.

Overseas weakness and regulatory uncertainty

Severe declines in international micromobility volumes and sensitivity to regulatory shifts create a durable headwind to geographic diversification. Reliance on China to drive growth concentrates operational risk and leaves global expansion exposed to structural demand weakness and evolving standards that can compress near-term revenues.

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 bicycles. The company has a diversified revenue model that includes direct sales to consumers through its retail outlets and e-commerce platforms, as well as sales through third-party distributors and dealerships. In addition to hardware sales, Niu also earns revenue from the sale of accessories and parts related to its products. The company has formed strategic partnerships with various companies and local governments to promote electric mobility initiatives, which can further enhance its sales and market reach. Furthermore, Niu may explore additional revenue streams through services such as maintenance, repair, and potentially subscription models for battery usage or mobility services in the future.

Niu Technologies Financial Statement Overview

Summary

Niu Technologies faces financial challenges with fluctuating revenues and consistent negative net income. The balance sheet shows moderate leverage but declining equity, and cash flow issues highlight financial instability. These factors suggest the need for strategic improvements.

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	4.45B	3.29B	2.65B	3.17B	3.70B	2.44B
Gross Profit	842.35M	498.76M	570.75M	669.68M	812.78M	559.15M
EBITDA	-42.68M	-89.04M	-132.54M	77.21M	374.50M	247.36M
Net Income	-23.82M	-193.20M	-271.84M	-49.46M	225.82M	168.65M
Balance Sheet
Total Assets	3.39B	2.61B	2.19B	2.54B	2.44B	1.85B
Cash, Cash Equivalents and Short-Term Investments	1.58B	904.37M	970.13M	903.28M	1.08B	1.10B
Total Debt	444.75M	201.34M	272.66M	175.31M	201.61M	180.00M
Total Liabilities	2.41B	1.68B	1.10B	1.23B	1.18B	853.44M
Stockholders Equity	988.72M	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: Neutral
• Last Price: 3.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Neutral. The current price of 3.62 is above the 20-day moving average (MA) of 3.20, above the 50-day MA of 3.45, and below the 200-day MA of 3.78, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 46.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NIU.

Niu Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
NIU	50 Neutral	$254.94M	-70.63	-2.29%	―	51.03%	90.70%
EVTV	47 Neutral	$14.97M	-0.27	-267.76%	―	113.69%	-84.50%
FFAI	46 Neutral	$214.16M	-0.23	-1210.96%	―	19.55%	96.09%
WKHS	42 Neutral	$11.52M	―	-162.44%	―	16.74%	81.14%
CENN	40 Neutral	$13.41M	-0.13	-30.79%	―	-56.89%	12.17%

Niu Technologies Corporate Events

Niu Technologies Posts 13% Q4 2025 Sales Drop but Full-Year Volumes Near 1.2 Million Units

On January 5, 2026, Niu Technologies reported that it sold 178,702 units in the fourth quarter of 2025, down 13% year-on-year as seasonal weakness in China’s smart urban mobility market, front-loaded demand ahead of new national e-bike standards in the third quarter and a strong prior-year base weighed on volumes. Fourth-quarter sales in China reached 158,782 units and international sales 19,920 units, while for full-year 2025 the company delivered 1,197,978 units—1,112,021 in China and 85,957 abroad—marking strong domestic growth versus 2024 but a decline in international volumes; management highlighted robust reception for its new FX “Windstorm” e-motorcycle among Gen Z riders and positive feedback on standards-compliant e-bicycle models, positioning the company to refresh its product mix and refine its micromobility strategy as it seeks to navigate a challenging global environment and sustain its competitive standing in electric two-wheelers.

The most recent analyst rating on (NIU) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Niu Technologies stock, see the NIU Stock Forecast page.

Niu Technologies Reports Robust Q3 2025 Financial Results with Strong Growth in China

Niu Technologies reported a strong financial performance for the third quarter of 2025, with revenues reaching RMB 1,693.9 million, marking a 65.4% increase year-over-year. The company achieved a net income of RMB 81.7 million, a significant turnaround from a net loss in the same period last year. This growth was primarily driven by a 74.2% increase in e-scooter sales in China, despite a decline in international sales. The gross margin improved to 21.8%, supported by cost-reduction initiatives and a higher sales volume in China. The company continues to expand its market presence with a strategic focus on channel expansion and product transition strategies to adapt to evolving market dynamics.

The most recent analyst rating on (NIU) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Niu Technologies stock, see the NIU Stock Forecast page.