Mobility solutions firm NIU Technologies' Q3 revenue rises on higher e-scooter sales

Niu Technologies

17/11/2025 09:11

Overview

NIU Q3 revenue grows 65.4% yr/yr, driven by 49.1% increase in sales volume

Company reports Q3 net income of RMB 81.7 mln, reversing last yr's net loss

Gross margin improves to 21.8% from 13.8% in prior year

Outlook

Company expects Q4 2025 revenue between RMB 737 mln and RMB 901 mln

Company advancing channel expansion and product transition strategies

Result Drivers

CHINA SALES GROWTH - 74.2% increase in e-scooter sales volume in China driven by product portfolio and store expansion, per CEO Dr. Yan Li

INTERNATIONAL SALES DECLINE - E-scooter sales in international markets fell 73.0% year-over-year due to reduced sales volume and lower revenues per e-scooter

GROSS MARGIN IMPROVEMENT - Gross margin increased to 21.8% from 13.8% due to higher e-scooter sales and cost-reduction initiatives in China

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 1.69 bln
Q3 Adjusted Net Income
RMB 88.40 mln
Q3 Net Income
RMB 81.70 mln
Q3 Gross Margin
21.80%
Q3 Operating Expenses
RMB 297.10 mln


Press Release: ID:nGNX6gXc8y

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)