Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
NIU · Nasdaq · United States · Motor Vehicles & Passenger Car Bodies
In shortNiu Technologies is loss-making, generates cash and holds more cash than debt, with revenue growing (+31.0% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -2.0% | 10/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -0.9% | 16/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -4.3% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -4.9% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.18× | 32/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.27× | 96/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -14.39× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.15 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 4.1% | 36/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 29.7% | 1/100 |
| Operating margin volatility | 7.0% | 45/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 10.8% | 77/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3,705 | 3,169 | 2,652 | 3,288 | 4,308 |
| Cost of revenue | 2,892 | 2,499 | 2,081 | 2,790 | 3,464 |
| Gross profit | 813 | 670 | 571 | 499 | 844 |
| Research & development | 135 | 176 | 151 | 130 | 166 |
| Operating income | 252 | (89) | (318) | (251) | (88) |
| Interest expense | 6.2 | 5.7 | 1.4 | 5.6 | 6.1 |
| Pre-tax income | 273 | (71) | (282) | (217) | (62) |
| Income tax | 47 | (22) | (10) | (24) | (23) |
| Net income | 226 | (49) | (272) | (193) | (39) |
| Diluted EPS | ¥1.41 | −¥0.32 | −¥1.73 | −¥1.22 | −¥0.25 |
| Diluted shares (millions) | 160 | 155 | 157 | 158 | 160 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−0.15 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 17, 2026