---
title: "Brief News: Operating expenses surge, Niu Tech's first-quarter losses widen by 1.4 times"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286854576.md"
description: "Niu Tech announced its first-quarter financial report, with revenue increasing by 33.4% year-on-year to CNY 909.5 million, but net losses widened by 142% to CNY 93.92 million. Total sales grew by 28.7% to 261,600 units, with sales in the Chinese market increasing by 35.4%. Operating expenses rose by 59.7% to CNY 263.6 million, leading to an exacerbation of net losses. The company expects revenue to grow by 25% to 45% in the second quarter. U.S. stocks fell sharply by 14.96% on Monday"
datetime: "2026-05-19T04:45:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286854576.md)
  - [en](https://longbridge.com/en/news/286854576.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286854576.md)
---

# Brief News: Operating expenses surge, Niu Tech's first-quarter losses widen by 1.4 times

Electric two-wheeler brand **Niu Tech** (NIU.US) announced on Monday that for the first quarter ending in March, the company's revenue grew by 33.4% year-on-year to CNY 909.5 million (USD 134 million), but net losses widened from CNY 38.84 million in the same period last year to CNY 93.92 million, an increase of approximately 142% year-on-year.

During the period, the company's total sales volume increased by 28.7% year-on-year to 261,600 units. Among them, sales in the Chinese market grew by 35.4% year-on-year to 247,900 units, while sales in the international market fell by 32.4% year-on-year to 13,700 units. Revenue from the Chinese market increased by 41.6% year-on-year to CNY 773.6 million, mainly driven by increased sales of electric motorcycles, electric bicycles, and revenue from services and accessories; revenue from the international market, however, decreased by 15.2% year-on-year to CNY 50.9 million.

The company's gross margin decreased from 18.9% in the same period last year to 17.3%, mainly affected by changes in product mix, increased promotions, and declining revenue from overseas markets. On the other hand, operating expenses increased by 59.7% year-on-year to CNY 263.6 million, with sales and marketing expenses rising by 56.8% and R&D expenses increasing by 38.8%, contributing to the widening net loss to CNY 93.92 million.

Looking ahead to the second quarter, the company expects revenue to be between CNY 1.57 billion and CNY 1.82 billion, representing a year-on-year growth of approximately 25% to 45%.

Niu Tech's U.S. stock fell sharply by 14.96% on Monday, closing at USD 2.415, down 23.6% year-to-date.

_Li Shida_

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