Niu Technologies (NIU)
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No price history available.
Key financial summary
Financials in CNY| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | CNY m | 2,444 | 3,705 | 3,169 | 2,652 | 3,288 | 4,190 | 4,705 | 5,180 |
| Operating profit | CNY m | -87 | -243 | ||||||
| Net profit | CNY m | 169 | 226 | -49 | -272 | -193 | -38 | -201 | -191 |
| EPS reported | CNY | -0.48 | -2.54 | ||||||
| Operating cashflow per share | CNY | 4.42 | 0.00 | ||||||
| Capex per share | CNY | 2.23 | 0.00 | ||||||
| FCF per share | CNY | 2.20 | 0.00 | ||||||
| Free cash flow | CNY m | 175 | 0 | ||||||
| Net debt | CNY m | -696 | -1,256 | ||||||
| Book value equity | CNY m | 906 | 718 | ||||||
| Book value per share | CNY | 11.34 | 8.86 | ||||||
| Number of shares | m | 79.86 | 81.1 | ||||||
| DPS (TTM paid) | CNY | 0.00 | 0.00 |
Financial summary
Financials in CNY| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 1.87 | 2.36 | ||||||
| P/S LTM | x | 0.40 | 0.36 | ||||||
| P/FCF LTM | x | 9.64 | 0.00 | ||||||
| EV/EBITDA LTM | x | 20.57 | -5.69 | ||||||
| EV/Sales LTM | x | 0.29 | 0.04 | ||||||
| Earnings Yield LTM | % | -2.26% | -17.68% | ||||||
| FCF Yield | % | +10.37% | 0.00% | ||||||
| Quality | |||||||||
| ROE | % | -4.23% | -23.44% | ||||||
| ROIC | % | -3.47% | -22.84% | ||||||
| Operating margin | % | -2.08% | -5.15% | ||||||
| Gross margin | % | +19.58% | +18.27% | ||||||
| FCF/Sales | % | +4.19% | 0.00% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +27.44% | +43.09% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.27 | 0.00 | ||||||
| Net Debt/EBITDA | x | -8.57 | 4.23 | ||||||
| EBIT/Net interest | x | -14.62 | -39.73 | ||||||
| Net debt/market cap | % | +37.49% | +20.03% | ||||||
| Net debt/Equity | x | -0.77 | -1.75 | ||||||
| Gross debt/equity | x | 0.71 | 0.31 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Niu Technologies, a Chinese company established in 2014 and headquartered in Beijing, specializes in the design, production, and sale of intelligent electric vehicles, primarily focusing on the People's Republic of China market. Its diverse product portfolio covers a broad spectrum of electric mobility, including popular series like the NQi, MQi, UQi, and Gova electric scooters and motorcycles. The company also manufactures KQi electric kick-scooters, NIU Aero and BQi e-bikes, high-performance RQi and TQi electric motorcycles, and YQi hybrid motorcycles. Beyond vehicles, Niu also offers a comprehensive range of NIU-branded accessories and spare parts. These fall into three main categories: practical scooter accessories (e.g., rain gear, gloves, storage solutions, phone holders), lifestyle merchandise (e.g., apparel, bags, stationery, keychains), and performance-enhancing components (e.g., upgraded wheels, suspension, brakes, carbon fiber panels). The company also leverages its dedicated NIU mobile application to provide a suite of digital services. Users can access online repair requests, DIY repair guides, a service station locator, theft reporting, and various smart features. The app also facilitates services such as NIU Cover (insurance), NIU Care (maintenance and reservations at offline service centers), and NIU Wash (monthly complimentary wash coupons). Niu Technologies distributes and services its products through a multi-channel approach, including its network of city partners and franchised stores, independent distributors, third-party e-commerce platforms, and its own official online store. As of December 31, 2021, Niu's operational footprint was substantial: within China, it boasted 338 city partners and 3,108 franchised stores spanning approximately 239 cities. Internationally, its reach extended to 50 countries, supported by 42 distributors.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Niu Technologies, a Chinese company established in 2014 and headquartered in Beijing, specializes in the design, production, and sale of intelligent electric vehicles, primarily focusing on the People's Republic of China market. Its diverse product portfolio covers a broad spectrum of electric mobility, including popular series like the NQi, MQi, UQi, and Gova electric scooters and motorcycles. The company also manufactures KQi electric kick-scooters, NIU Aero and BQi e-bikes, high-performance RQi and TQi electric motorcycles, and YQi hybrid motorcycles. Beyond vehicles, Niu also offers a comprehensive range of NIU-branded accessories and spare parts. These fall into three main categories: practical scooter accessories (e.g., rain gear, gloves, storage solutions, phone holders), lifestyle merchandise (e.g., apparel, bags, stationery, keychains), and performance-enhancing components (e.g., upgraded wheels, suspension, brakes, carbon fiber panels). The company also leverages its dedicated NIU mobile application to provide a suite of digital services. Users can access online repair requests, DIY repair guides, a service station locator, theft reporting, and various smart features. The app also facilitates services such as NIU Cover (insurance), NIU Care (maintenance and reservations at offline service centers), and NIU Wash (monthly complimentary wash coupons). Niu Technologies distributes and services its products through a multi-channel approach, including its network of city partners and franchised stores, independent distributors, third-party e-commerce platforms, and its own official online store. As of December 31, 2021, Niu's operational footprint was substantial: within China, it boasted 338 city partners and 3,108 franchised stores spanning approximately 239 cities. Internationally, its reach extended to 50 countries, supported by 42 distributors.
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