Niu Tech (NIU)
NASDAQ:NIU
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Niu Technologies
(NASDAQ:NIU)
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Rating:50Neutral
Price Target:
$3.00
▼(-17.13% Downside)
Action:ReiteratedDate:11/26/25
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
Dominant China volume growth
Sustained, large-scale volume expansion in China provides structural revenue base and scale economies. Strong domestic demand and market share gains support manufacturing efficiency, dealer margins, and bargaining power with suppliers, underpinning durable growth and margin recovery potential.
Negative Factors
Historic profitability inconsistencies
Despite recent quarters of profit, the company has a track record of operating losses and margin variability. Persistent historical unprofitability signals structural operational inefficiencies or cost challenges that could limit sustained earnings power without durable margin improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Dominant China volume growth
Sustained, large-scale volume expansion in China provides structural revenue base and scale economies. Strong domestic demand and market share gains support manufacturing efficiency, dealer margins, and bargaining power with suppliers, underpinning durable growth and margin recovery potential.
Read all positive factors
Niu Technologies (NIU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$218.30M
Dividend YieldN/A
Average Volume (3M)578.29K
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue Growth51.03%
EPS Growth90.70%
CountryUS
Employees642
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.08
Shares Outstanding69,692,960
10 Day Avg. Volume860,677
30 Day Avg. Volume578,287
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)1.11
Price to Sales (P/S)0.31
P/FCF Ratio-15.34
Enterprise Value/Market Cap5.06
Enterprise Value/Revenue0.25
Enterprise Value/Gross Profit1.31
Enterprise Value/Ebitda-25.89
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.15
Revenue Forecast (FY)$5.02B
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 s...
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 a...
Niu Technologies Earnings Call Summary
Earnings Call Date:Mar 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 25, 2026
Earnings Call Sentiment Positive
Overall the call presents a constructive long-term picture: robust full-year revenue and China volume growth, significant gross margin expansion, successful product launches (notably in electric motorcycles), and strengthened retail and digital footprints. These positives are offset by near-term headwinds including meaningful Q4 volume/revenue declines driven by regulatory transitions and channel restructuring, sizable aged inventory (primarily kick scooters), elevated operating expenses and a full-year net loss. Management provided upbeat 2026 guidance and a clear plan to normalize inventories and scale higher-margin channels, indicating confidence in recovery and profitable growth.Positive Updates
Strong Full-Year Volume Growth in China
Total sales volume for 2025 reached ~1.19 million units, up 29% year-over-year; China deliveries surged to ~1.11 million units, a 46% year-over-year increase, driven by portfolio optimization, channel expansion and new product categories.
Negative Updates
Q4 Volume and Revenue Decline
Fourth-quarter sales volume was 172,763 units, down 23.8% year-over-year; Q4 revenue was RMB 676.2 million, down 17.4% year-over-year, reflecting temporary demand and channel transition impacts.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year Volume Growth in China
Total sales volume for 2025 reached ~1.19 million units, up 29% year-over-year; China deliveries surged to ~1.11 million units, a 46% year-over-year increase, driven by portfolio optimization, channel expansion and new product categories.
Read all positive updates
Company Guidance
Guidance centered on a strong 2026 recovery and scale: management expects Q1 2026 revenue of RMB 887 million to RMB 1,023 million (up ~30%–50% year‑over‑year) and full‑year 2026 sales volume of 1.67 million to 1.91 million units; they expect China bicycle demand to remain measured in Q1 with a pronounced recovery thereafter and a full new‑standard product rollout on track by Q2 2026, while 2026 will be devoted to clearing net inventory of about RMB 650 million (with over 50%—>RMB 300 million—coming from aged kick scooters) and to finalize inventory normalization in international micro‑mobility as the business shifts to healthier, higher‑margin channel models.Niu Technologies Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| 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
Negative
3.62
Price Trends
3.32
Negative
3.33
Negative
3.74
Negative
Market Momentum
-0.18
Positive
38.21
Neutral
24.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NIU, the sentiment is Negative. The current price of 3.62 is above the 20-day moving average (MA) of 3.11, above the 50-day MA of 3.32, and below the 200-day MA of 3.74, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 38.21 is Neutral, neither overbought nor oversold. The STOCH value of 24.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NIU.
Niu Technologies Risk Analysis
Niu Technologies disclosed 85 risk factors in its most recent earnings report. Niu Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
Our business is subject to seasonal and quarterly fluctuations, and if our sales fall below our forecasts, our overall financial condition and results of operations could be adversely affected. Q4, 2023
2.
Rising international political tension, including changes in U.S. and international trade policies, particularly with regard to China, may adversely impact our business and operating results. Q4, 2023
Niu Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | $218.30M | -44.16 | -4.13% | ― | 51.03% | 90.70% | |
47 Neutral | $8.26M | -0.21 | -294.40% | ― | 113.69% | -84.50% | |
46 Neutral | $25.92M | ― | -198.95% | ― | 16.74% | 81.14% | |
43 Neutral | $10.88M | -1.12 | -30.79% | ― | -56.89% | 12.17% | |
42 Neutral | $55.40M | ― | -1652.31% | ― | 19.55% | 96.09% |
* Consumer Cyclical Sector Average
NIU
Niu Technologies
2.93
-0.03
-1.01%
WKHS
Workhorse Group
2.53
-11.99
-82.58%
CENN
Cenntro Electric Group
0.13
-0.69
-84.57%
EVTV
Envirotech Vehicles
1.89
-0.60
-24.10%
FFAI
Faraday Future Intelligent Electric
0.22
-0.88
-80.36%
Niu Technologies Corporate Events
Niu Technologies Posts 13% Q4 2025 Sales Drop but Full-Year Volumes Near 1.2 Million Units
Jan 5, 2026
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 stand...
Niu Technologies Reports Robust Q3 2025 Financial Results with Strong Growth in China
Nov 17, 2025
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 turna...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.