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Niu Technologies
(NASDAQ:NIU)
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Rating:47Neutral
Price Target:
$2.00
▲(0.50% Upside)
Action:Reiterated
Date:09/10/26
The score is held down primarily by weak technical momentum (below key moving averages with negative MACD) and an earnings profile that remains loss-making despite improvement. Financial performance is improving on margins and cash flow, but the 2025 revenue decline and higher leverage increase execution risk. Valuation is difficult to support with a negative P/E and no dividend yield provided.
Positive Factors
Growing China Demand
Continued unit growth in China supports NIU’s market position in its core geography and indicates ongoing demand for its electric two-wheeler portfolio. The N, M and F series provide coverage across rider segments, creating a durable base for future volume expansion.
Negative Factors
Persistent Losses and Margin Pressure
The return to a quarterly loss while gross margin declined shows that higher sales volume is not yet translating reliably into earnings. Product mix, upstream costs, marketing, and administrative expenses could continue limiting the durability of the profitability recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Growing China Demand
Continued unit growth in China supports NIU’s market position in its core geography and indicates ongoing demand for its electric two-wheeler portfolio. The N, M and F series provide coverage across rider segments, creating a durable base for future volume expansion.
Read all positive factors
Niu Technologies (NIU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$148.24M
Dividend YieldN/A
Average Volume (3M)169.88K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth28.79%
EPS Growth-42.90%
CountryUS
Employees671
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding70,825,080
10 Day Avg. Volume90,020
30 Day Avg. Volume169,885
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 Cap0.08
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.01
Enterprise Value/Ebitda-0.06
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Niu Technologies Business Overview & Revenue Model
Company Description
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 produc...
Niu Technologies Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
54
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.71B | 4.19B | 3.29B | 2.65B | 3.17B | 3.70B |
| Gross Profit | 859.53M | 820.59M | 498.76M | 570.75M | 669.68M | 812.78M |
| EBITDA | -210.02M | 56.25M | -89.04M | -132.54M | 77.21M | 374.50M |
| Net Income | -200.79M | -38.31M | -193.20M | -271.84M | -49.46M | 225.82M |
Balance Sheet | ||||||
| Total Assets | 3.48B | 2.95B | 2.61B | 2.19B | 2.54B | 2.44B |
| Cash, Cash Equivalents and Short-Term Investments | 1.48B | 1.33B | 904.37M | 970.13M | 903.28M | 1.08B |
| Total Debt | 222.56M | 638.65M | 495.69M | 272.66M | 492.14M | 345.23M |
| Total Liabilities | 2.76B | 2.05B | 1.68B | 1.10B | 1.23B | 1.18B |
| Stockholders Equity | 718.15M | 905.51M | 931.28M | 1.09B | 1.31B | 1.26B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 175.46M | -67.46M | 14.80M | -1.76B | 48.43M |
| Operating Cash Flow | 0.00 | 353.27M | 52.29M | 93.74M | -834.96M | 334.17M |
| Investing Cash Flow | 0.00 | -90.60M | -292.43M | 216.31M | 2.73B | -295.06M |
| Financing Cash Flow | 0.00 | 40.16M | 100.27M | -59.35M | -121.94M | 6.25M |
Niu Technologies Technical Analysis
Neutral
1.99
Price Trends
1.96
Negative
2.12
Negative
2.61
Negative
Market Momentum
-0.03
Negative
45.70
Neutral
57.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NIU, the sentiment is Neutral. The current price of 1.99 is above the 20-day moving average (MA) of 1.89, above the 50-day MA of 1.96, and below the 200-day MA of 2.61, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.70 is Neutral, neither overbought nor oversold. The STOCH value of 57.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
47 Neutral | $148.24M | -5.03 | -23.44% | ― | 28.79% | -42.90% | |
45 Neutral | $5.72M | >-0.01 | 913.54% | ― | 146.58% | 75.63% | |
44 Neutral | $27.76M | -0.39 | -253.36% | ― | 112.11% | 96.59% | |
39 Underperform | $35.00M | -0.03 | -153.17% | ― | -39.70% | 13.16% |
* Consumer Cyclical Sector Average
NIU
Niu Technologies
1.89
-2.22
-54.01%
WKHS
Workhorse Group
2.54
-9.58
-79.04%
CENN
Cenntro Electric Group
1.99
-11.23
-84.95%
FFAI
Faraday Future Intelligent Electric
0.48
-202.02
-99.76%
Niu Technologies Corporate Events
Niu Technologies Reports Q3 2026 Sales Growth and China Volume Increase
Oct 5, 2026
On October 5, 2026, Niu Technologies reported third-quarter 2026 sales of 537,457 electric two-wheelers and micro-mobility units, including 490,406 units in China and 47,051 in international markets. Year-to-date 2026 deliveries reached 1,233,768 ...
Niu Technologies Posts Q2 2026 Revenue Growth but Swings to Net Loss
Aug 10, 2026
Niu Technologies reported unaudited results for the quarter ended June 30, 2026, showing revenues of RMB 1,440.4 million, up 14.7% year on year, driven by a 24.2% increase in e-scooter sales volume and strong growth in accessories and app services...
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.