Niu Technologies Announces Unaudited Second Quarter 2026 Financial Results
Niu Technologies reported Q2 2026 revenue of RMB 1.44 billion, up 14.7% year-over-year, driven by a 24.2% increase in e-scooter sales volume reaching 434,687 units. Despite the top-line growth, the company swung to a net loss of RMB 102.2 million compared to net income of RMB 5.9 million in the prior year, impacted by a decline in gross margin to 16.0% and a 28.6% rise in operating expenses.
Key figures
- Revenue
- RMB 1,440.4 million
- Guidance
- Q3 2026 revenue RMB 1,863M - RMB 2,033M (+10% to +20% YoY)
- Revenue Yoy
- 14.7%
- Units sold
- 434687
- Gross margin
- 16.0%
AI analysis
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