Niu Tech (NIU)
NASDAQ:NIU
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Niu Technologies
(NASDAQ:NIU)
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Rating:50Neutral
Price Target:
$2.50
▼(-30.94% Downside)
Action:Reiterated
Date:05/27/26
The score is held back mainly by weak technicals (downtrend and negative momentum) and a still-fragile financial profile despite clear cash-flow and margin improvement. Offsetting factors include a constructive earnings-call outlook with strong Q2 revenue guidance and product traction, but near-term profitability remains pressured by elevated spending and planned discounting.
Positive Factors
Improved cash generation
Sustained positive operating and free cash flow provides durable financial flexibility: it funds inventory normalization, product launches and marketing without immediate dilution. Improved cash conversion reduces refinancing risk and supports multi‑quarter investments tied to strategic growth.
Negative Factors
Ongoing GAAP losses
Despite revenue momentum, the company remains loss‑making and reported a wider GAAP loss in Q1 driven by front‑loaded marketing and investment. Continued negative GAAP profitability raises questions about sustained operating leverage and whether margins will normalize without recurring high spend.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Sustained positive operating and free cash flow provides durable financial flexibility: it funds inventory normalization, product launches and marketing without immediate dilution. Improved cash conversion reduces refinancing risk and supports multi‑quarter investments tied to strategic growth.
Read all positive factors
Niu Technologies (NIU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$103.60M
Dividend YieldN/A
Average Volume (3M)328.21K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth32.60%
EPS Growth45.00%
CountryUS
Employees642
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.49
Shares Outstanding70,825,080
10 Day Avg. Volume519,231
30 Day Avg. Volume328,206
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)1.87
Price to Sales (P/S)0.40
P/FCF Ratio9.64
Enterprise Value/Market Cap9.02
Enterprise Value/Revenue0.22
Enterprise Value/Gross Profit1.11
Enterprise Value/Ebitda-14.74
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.14
Revenue Forecast (FY)$5.37B
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 primarily makes money by selling electric scooters and related vehicles. Its core revenue stream is hardware sales: it designs and sources components, assembles/outsources manufacturing (depending on product and period), and sells...
Niu Technologies Earnings Call Summary
Earnings Call Date:May 18, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Positive
The call presents a constructive strategic narrative: strong top-line growth (revenue +33% YoY; unit volume +~29% YoY), a clear and successful product/brand shift (notably a 3x surge in electric motorcycles and successful new-product launches), substantial marketing and technology investments to capture future premium demand, and improved gross margins. Offsetting these positives are meaningful near-term headwinds: a wider GAAP loss, a large deliberate increase in operating and marketing spend, overseas micro-mobility declines and elevated inventories that will require discounting and depress margins in the near term. Management frames many negatives as temporary, strategic trade-offs to achieve longer-term, higher-quality growth.Positive Updates
Strong Unit and Revenue Growth
Total sales volume of ~261–262k units, up ~28.7%–29% year-over-year; revenue of RMB 909.5–910 million, up ~33.4% year-over-year (RMB +228m).
Negative Updates
Widening GAAP Net Loss
GAAP net loss increased to RMB 94 million (net loss margin 10.3%) in Q1 from RMB 39 million (5.7% margin) a year ago; non-GAAP net loss was RMB 88 million (9.7% margin), reflecting higher operating expense and front-loaded investments.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Unit and Revenue Growth
Total sales volume of ~261–262k units, up ~28.7%–29% year-over-year; revenue of RMB 909.5–910 million, up ~33.4% year-over-year (RMB +228m).
Read all positive updates
Company Guidance
Management guided Q2 revenue to RMB 1.57 billion–RMB 1.82 billion, implying year‑over‑year growth of about 25%–45% (outlook as of the call and subject to change). That guidance follows Q1 revenue of ~RMB 909–910 million on ~261–262k units sold (China ~248k, overseas ~13–14k), a Q1 gross profit >RMB 159 million with a 17.4% gross margin, and a front‑loaded marketing push (Q1 selling & marketing ~RMB 180 million, ~19.8% of revenue, a 4x+ YoY increase) which management expects to normalize in Q2. Management also expects the electric‑bicycle market to recover gradually through Q2, will phase the NXT2/Y Series ahead of the June/618 selling season, plans targeted price promotions to clear elevated international micro‑mobility inventories (with inventory normalization largely complete by H2 2026 but depressing micro‑mobility contribution margins in the near term), and expects the international electric‑motorcycle dealer footprint to exceed 400 locations by year‑end (up from 360 in Q1).Niu Technologies Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
54
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.19B | 3.29B | 2.65B | 3.17B | 3.70B |
| Gross Profit | 820.59M | 498.76M | 570.75M | 669.68M | 812.78M |
| EBITDA | 25.60M | -89.04M | -132.54M | 77.21M | 374.50M |
| Net Income | -38.31M | -193.20M | -271.84M | -49.46M | 225.82M |
Balance Sheet | |||||
| Total Assets | 2.95B | 2.61B | 2.19B | 2.54B | 2.44B |
| Cash, Cash Equivalents and Short-Term Investments | 1.33B | 904.37M | 970.13M | 903.28M | 1.08B |
| Total Debt | 638.65M | 201.34M | 272.66M | 175.31M | 201.61M |
| Total Liabilities | 2.05B | 1.68B | 1.10B | 1.23B | 1.18B |
| Stockholders Equity | 905.51M | 931.28M | 1.09B | 1.31B | 1.26B |
Cash Flow | |||||
| Free Cash Flow | 175.46M | -67.46M | 14.80M | -1.76B | 48.43M |
| Operating Cash Flow | 353.27M | 52.29M | 93.74M | -834.96M | 334.17M |
| Investing Cash Flow | -90.60M | -292.43M | 216.31M | 2.73B | -295.06M |
| Financing Cash Flow | 40.16M | 100.27M | -59.35M | -121.94M | 6.25M |
Niu Technologies Technical Analysis
Negative
3.62
Price Trends
2.89
Negative
3.15
Negative
3.61
Negative
Market Momentum
-0.18
Positive
31.06
Neutral
19.73
Positive
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 2.77, above the 50-day MA of 2.89, and above the 200-day MA of 3.61, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 31.06 is Neutral, neither overbought nor oversold. The STOCH value of 19.73 is Positive, 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 | $103.60M | -13.87 | -10.26% | ― | 32.60% | 45.00% | |
50 Neutral | $49.67M | -0.61 | -204.85% | ― | 320.74% | 94.41% | |
47 Neutral | $30.52M | -1.15 | 1245.96% | ― | 360.39% | 28.58% | |
44 Neutral | $95.58M | -0.19 | 2910.56% | ― | -14.19% | 84.05% | |
43 Neutral | $6.70M | -0.09 | -30.79% | ― | -42.93% | >-0.01% |
* Consumer Cyclical Sector Average
NIU
Niu Technologies
2.35
-1.23
-34.36%
WKHS
Workhorse Group
3.83
-6.91
-64.34%
CENN
Cenntro Electric Group
4.50
-46.80
-91.23%
EVTV
Envirotech Vehicles
2.06
0.19
9.93%
FFAI
Faraday Future Intelligent Electric
0.36
-0.79
-68.43%
Niu Technologies Corporate Events
Niu Technologies Posts Strong Q1 2026 Revenue Growth but Wider Losses on Higher Costs
May 18, 2026
Niu Technologies reported unaudited results for the first quarter ended March 31, 2026, showing revenues of RMB 909.5 million, up 33.4% year over year, driven by a 28.7% increase in e-scooter sales and higher revenue per unit. Despite a stable gro...
Niu Technologies Posts 29% Q1 2026 Sales Jump on Strong China Demand, Unveils AI-Enabled NXT2.0
Apr 6, 2026
On April 6, 2026, Niu Technologies reported that it sold 261,624 units in the first quarter of 2026, a 29% year-on-year increase, driven by a 35% rise in China sales to 247,938 units while international volumes fell 32% to 13,686 units. The MT2026...
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.