Niu Technologies delivered a robust third quarter with revenues up 65% YoY and a return to net income, fueled by a 74% surge in China e-scooter sales. Gross margin expanded significantly to 21.8%.

Niu Technologies delivered RMB 1.26B in revenue for Q2 2025, up 33.5% year-over-year, as China e-scooter sales surged 53.6% in volume. Net income reached RMB 5.9M compared to a loss last year, and adjusted net income rose to RMB 13.7M. International e-scooter sales volumes fell, but gross margin improved to 20.1%.

Niu Technologies experienced a 35.1% year-over-year revenue growth in Q1 2025, primarily due to a 57.4% surge in e-scooter sales volume. Despite continued net losses, the company's operating efficiency improved, and losses narrowed compared to last year.

Niu Technologies posted a significant 71.1% year-over-year revenue increase in Q4 2024, reaching RMB 819.2 million. However, the company reported a net loss of RMB 72.5 million, though reduced from the previous year's RMB 130.2 million loss. Gross margin declined to 12.4%, reflecting higher costs and pricing dynamics. The company continues to expand its market presence both domestically and internationally.