Niu Technologies Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2019
Revenue	3,288	2,652	3,169	3,705	2,444	Upgrade
Revenue Growth (YoY)	24.00%	-16.31%	-14.47%	51.56%	17.73%	Upgrade
Cost of Revenue	2,790	2,081	2,499	2,892	1,885	Upgrade
Gross Profit	498.76	570.75	669.68	812.78	559.15	Upgrade
Selling, General & Admin	620.2	740.25	598.87	473.81	305.62	Upgrade
Research & Development	130.11	150.99	176.48	135.22	105.34	Upgrade
Other Operating Expenses	-0.91	-2.97	-16.39	-48.73	-22.44	Upgrade
Operating Expenses	749.4	888.27	758.96	560.3	388.51	Upgrade
Operating Income	-250.63	-317.52	-89.28	252.48	170.63	Upgrade
Interest Expense	-5.62	-1.42	-5.72	-6.17	-7.38	Upgrade
Interest & Investment Income	39.45	36.92	23.78	26.54	26.49	Upgrade
EBT Excluding Unusual Items	-216.81	-282.03	-71.22	272.86	189.74	Upgrade
Pretax Income	-216.81	-282.03	-71.22	272.86	189.74	Upgrade
Income Tax Expense	-23.61	-10.19	-21.76	47.04	21.09	Upgrade
Net Income	-193.2	-271.84	-49.46	225.82	168.65	Upgrade
Net Income to Common	-193.2	-271.84	-49.46	225.82	168.65	Upgrade
Net Income Growth	-	-	-	33.90%	-11.28%	Upgrade
Shares Outstanding (Basic)	79	78	78	77	75	Upgrade
Shares Outstanding (Diluted)	79	78	78	80	79	Upgrade
Shares Change (YoY)	1.05%	1.06%	-3.29%	1.66%	2.99%	Upgrade
EPS (Basic)	-2.44	-3.47	-0.64	2.94	2.24	Upgrade
EPS (Diluted)	-2.44	-3.47	-0.64	2.82	2.14	Upgrade
EPS Growth	-	-	-	31.78%	-13.71%	Upgrade
Free Cash Flow	-67.46	14.8	-257.21	48.43	353.85	Upgrade
Free Cash Flow Per Share	-0.85	0.19	-3.31	0.60	4.48	Upgrade
Gross Margin	15.17%	21.52%	21.14%	21.94%	22.88%	Upgrade
Operating Margin	-7.62%	-11.97%	-2.82%	6.82%	6.98%	Upgrade
Profit Margin	-5.88%	-10.25%	-1.56%	6.10%	6.90%	Upgrade
Free Cash Flow Margin	-2.05%	0.56%	-8.12%	1.31%	14.48%	Upgrade
EBITDA	-128.49	-169.46	53.43	347.95	220.87	Upgrade
EBITDA Margin	-3.91%	-6.39%	1.69%	9.39%	9.04%	Upgrade
D&A For EBITDA	122.15	148.06	142.71	95.47	50.24	Upgrade
EBIT	-250.63	-317.52	-89.28	252.48	170.63	Upgrade
EBIT Margin	-7.62%	-11.97%	-2.82%	6.82%	6.98%	Upgrade
Effective Tax Rate	-	-	-	17.24%	11.11%	Upgrade

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q