Niu Technologies Reports Strong Q3 2025 Growth
Niu Technologies reported strong Q3 2025 financial growth with revenues of RMB 1,693.9 million, a 65.4% increase from last year, and a net income of RMB 81.7 million, reversing a previous net loss. The gross margin improved to 21.8%, driven by a 74.2% surge in Chinese e-scooter sales, despite a 73.0% decline internationally. The company plans to expand channels and adapt products, projecting Q4 revenues between RMB 737 million and RMB 901 million.
Niu Tech ( (NIU) ) has released its Q3 earnings. Here is a breakdown of the information Niu Tech presented to its investors.
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Niu Technologies is a leading provider of smart urban mobility solutions, specializing in the design, manufacture, and sale of high-performance electric motorcycles, mopeds, bicycles, kick-scooters, and e-bikes. The company operates in the electric vehicle industry, known for its diversified product portfolio and omnichannel retail model.
In the third quarter of 2025, Niu Technologies reported significant financial growth, with revenues reaching RMB 1,693.9 million, marking a 65.4% increase compared to the previous year. The company also achieved a net income of RMB 81.7 million, a notable turnaround from a net loss of RMB 40.9 million in the same period last year.
Key financial highlights include a gross margin improvement to 21.8% from 13.8% a year earlier, driven by a strong performance in the Chinese market where e-scooter sales surged by 74.2%. However, international sales faced challenges, with a 73.0% decline in e-scooter sales volume. Despite this, the company maintained a robust presence with 4,542 franchised stores in China and a distribution network spanning 53 countries.
Looking ahead, Niu Technologies is focused on expanding its channels and transitioning its product offerings in response to evolving market dynamics. The company anticipates fourth-quarter revenues to range between RMB 737 million and RMB 901 million, reflecting a cautious yet optimistic outlook amidst global economic conditions.
