NIU on Nasdaq

Niu Technologies

Logo: Evilorr, CC BY-SA 4.0, via Wikimedia Commons⁵

Chinese electric scooter company

Niu Technologies (Chinese: 牛电科技; stylized as NIU) is an electric mobility company headquartered in Beijing, China. Yan Li has been its CEO and COO since December 2017. NIU is a publicly traded Chinese company that designs, manufactures and sells smart electric two-wheeled vehicles including scooters, mopeds, electric bicycles, kick-scooters, electric motorcycles and ATVs.³ It was founded by Li Yinan.¹ Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

$616.0MRevenue, fiscal 2025⁶

-$5.6MNet income, fiscal 2025⁶

Sep 18, 2014Founded¹

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TickerNIU on Nasdaq¹
Industrytransport industry¹
HeadquartersChangzhou¹
Websitewww.niu.com
Legal formmotorcycle manufacturer¹
Slogan“Always NEW, Always NIU”¹
Incorporated inCayman Islands⁷
Business addressBuilding C, Rongxin Technology Center, No. 34 Chuangyuan Road, Beijing, 100012⁷
Filer categoryAccelerated filer⁷
LEI549300NJKNSC80EVQ065⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressc/o Maples Corporate Services Limited; PO Box 309, Ugland House, South Church Street, KY1-1104 George Town, Cayman Islands⁴
Registered withGeneral Registry, 293433⁴

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Niu Technologies (Chinese: 牛电科技; stylized as NIU) is an electric mobility company headquartered in Beijing, China. Yan Li has been its CEO and COO since December 2017.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.6%Gross margin⁶

-2.0%Operating margin⁶

-0.9%Net margin⁶

36.7%Revenue growth, 2025⁶

-4.4%Return on equity⁶

$25.1MFree cash flow⁶

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Electric scooter sales brought in 93% of the revenue Niu Technologies broke down this way in fiscal 2025.

Electric scooter sales3.9B CNY⁶93%up 32% from 2024
Accessory and spare parts sales299.2M CNY⁶7%up 24% from 2024

Products and services by year

Products and services	2023	2024	2025
Electric scooter sales	2.4B CNY	3.0B CNY	3.9B CNY
Accessory and spare parts sales	197.6M CNY	241.7M CNY	299.2M CNY

Regions

China brought in 93% of the revenue Niu Technologies broke down this way in fiscal 2025.

China4.0B CNY⁶93%up 41% from 2024
Europe177.8M CNY⁶4%up 3% from 2024
Other Countries126.7M CNY⁶3%down 53% from 2024

Regions by year

Regions	2023	2024	2025
China	2.2B CNY	2.8B CNY	4.0B CNY
Europe	151.5M CNY	172.2M CNY	177.8M CNY
Other Countries	252.6M CNY	270.9M CNY	126.7M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueOther costs

Cost of revenue80¢$495.4M
Research and development4¢$23.8M
Other costs15¢$93.5M
Income tax1¢$3.3M

Out of $616.0M in revenue.⁶ The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

Capital spendingKept or used elsewhere

Capital spending50¢$25.4M
Kept or used elsewhere50¢$25.1M

Out of $50.5M of cash from operations.⁶

Financial statements

Revenue¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶$616.0M in 2025+187% since 2018

Gross profit¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶$120.6M in 2025+318% since 2018

Operating income¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶-$12.6M in 2025−73% since 2018

Net income¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶-$5.6M in 2025−89% since 2018

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Revenues	4.3B CNY	3.3B CNY	2.7B CNY
Cost of revenues	-3.5B CNY	-2.8B CNY	-2.1B CNY
Gross profit	843.6M CNY	498.8M CNY	570.7M CNY
Selling and marketing expenses	-675.8M CNY	-489.6M CNY	-495.7M CNY
Research and development expenses	-166.5M CNY	-130.1M CNY	-151.0M CNY
General and administrative expenses (including allowance for doubtful accounts of RMB139,445,017 and RMB7,632,517 for the years ended December 31, 2023 and 2024, respectively, and a reversal of allowance of RMB5,870,581 for the year ended December 31, 2025)	-91.0M CNY	-130.6M CNY	-244.5M CNY
Total operating expenses	-933.2M CNY	-750.3M CNY	-891.2M CNY
Government grants	1.4M CNY	911.6K CNY	3.0M CNY
Operating loss	-88.2M CNY	-250.6M CNY	-317.5M CNY
Interest expenses	-6.1M CNY	-5.6M CNY	-1.4M CNY
Interest income	26.5M CNY	37.1M CNY	35.5M CNY
Investment income	5.5M CNY	2.4M CNY	1.4M CNY
Loss before income taxes	-62.4M CNY	-216.8M CNY	-282.0M CNY
Income tax benefit	23.0M CNY	23.6M CNY	10.2M CNY
Net loss	-39.4M CNY	-193.2M CNY	-271.8M CNY
Foreign currency translation adjustment, net of nil income taxes	-14.9M CNY	6.4M CNY	7.4M CNY
Unrealized gain on available-for-sale securities, net income taxes of RMB3,080, nil and nil for the year 2023, 2024 and 2025, respectively			17.5K CNY
Less: reclassification adjustment for gain on available-for-sale securities realized in net loss, net of RMB64,025, nil and nil income taxes for the year 2023, 2024 and 2025, respectively			-362.8K CNY
Comprehensive loss	-54.2M CNY	-186.8M CNY	-264.8M CNY
-Basic	-0.25 CNY	-1.22 CNY	-1.73 CNY
-Diluted	-0.25 CNY	-1.22 CNY	-1.73 CNY
-Basic	159.7M shares	158.5M shares	156.8M shares
-Diluted	159.7M shares	158.5M shares	156.8M shares
Allowance for doubtful accounts	5.9M CNY	7.6M CNY	139.4M CNY
Foreign currency translation adjustment, income tax	0 CNY	0 CNY	0 CNY
Unrealized gain on available for sale securities, income tax	0 CNY	0 CNY	3.1K CNY
Reclassification adjustment for gain on available for sale securities realized in net income, income tax	0 CNY	0 CNY	64.0K CNY

Total assets¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶$421.9M in 2025+145% since 2018

Total liabilities¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶$292.5M in 2025+227% since 2018

Shareholders’ equity¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶$129.4M in 2025+56% since 2018

Cash¹¹¹²¹³¹⁴¹⁵¹⁶⁶$132.2M in 2025+23% since 2018

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	924.7M CNY	630.0M CNY
Term deposits	128.2M CNY	274.4M CNY
Restricted cash	210.9M CNY	216.4M CNY
Short-term investments	62.7M CNY
Accounts receivable, net	37.4M CNY	131.9M CNY
Inventories	652.6M CNY	649.2M CNY
Prepayments and other current assets	343.5M CNY	267.9M CNY
Total current assets	2.4B CNY	2.2B CNY
Property, plant and equipment, net	420.2M CNY	320.0M CNY
Intangible assets, net	776.3K CNY	1.0M CNY
Operating lease right-of-use assets	76.0M CNY	71.2M CNY
Deferred income tax assets	57.5M CNY	31.8M CNY
Other non-current assets	36.0M CNY	19.3M CNY
Total non-current assets	590.3M CNY	443.4M CNY
Total assets	3.0B CNY	2.6B CNY
Short-term bank borrowings	240.0M CNY	200.0M CNY
Notes payable (including notes payable of VIE without recourse to the Company were RMB294,348,768 and RMB394,285,714 as of December 31, 2024 and 2025, respectively)	394.3M CNY	294.3M CNY
Income taxes payable (including income taxes payable of VIE without recourse to the Company of RMB909,115 and RMB933,612 as of December 31, 2024 and 2025, respectively)	2.2M CNY	1.1M CNY
Total current liabilities	2.0B CNY	1.7B CNY
Deferred revenue-non-current (including deferred revenue non-current of VIE without recourse to the Company of RMB16,886,859 and RMB23,316,175 as of December 31, 2024 and 2025, respectively)	23.3M CNY	16.9M CNY
Other non-current liabilities (including other non-current liabilities of VIE without recourse to the Company of RMB9,697,841 and RMB12,941,916 as of December 31, 2024 and 2025, respectively)	12.9M CNY	9.7M CNY
Total non-current liabilities	42.3M CNY	29.9M CNY
Total liabilities	2.0B CNY	1.7B CNY
Additional paid-in capital	2.0B CNY	2.0B CNY
Accumulated other comprehensive loss	-18.0M CNY	-3.1M CNY
Accumulated deficit	-1.1B CNY	-1.1B CNY
Total shareholders' equity	904.9M CNY	931.3M CNY	1.1B CNY	1.3B CNY
Total liabilities and shareholders' equity	3.0B CNY	2.6B CNY
Accounts payable	704.1M CNY	869.0M CNY
Advances from customers	182.6M CNY	35.9M CNY
Deferred revenue-current	75.1M CNY	50.2M CNY
Accrued expenses and other current liabilities	404.8M CNY	201.4M CNY
Deferred income tax liabilities	2.1M CNY	3.3M CNY
Operating lease liabilities	4.0M CNY	90.0K CNY
Ordinary shares, authorized	5.0B shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	924.7M CNY	630.0M CNY
Term deposits	128.2M CNY	274.4M CNY
Restricted cash	210.9M CNY	216.4M CNY
Short-term investments	62.7M CNY
Accounts receivable, net	37.4M CNY	131.9M CNY
Inventories	652.6M CNY	649.2M CNY
Prepayments and other current assets	343.5M CNY	267.9M CNY
Total current assets	2.4B CNY	2.2B CNY
Property, plant and equipment, net	420.2M CNY	320.0M CNY
Intangible assets, net	776.3K CNY	1.0M CNY
Operating lease right-of-use assets	76.0M CNY	71.2M CNY
Deferred income tax assets	57.5M CNY	31.8M CNY
Other non-current assets	36.0M CNY	19.3M CNY
Total non-current assets	590.3M CNY	443.4M CNY
Total assets	3.0B CNY	2.6B CNY
Short-term bank borrowings	240.0M CNY	200.0M CNY
Notes payable (including notes payable of VIE without recourse to the Company were RMB294,348,768 and RMB394,285,714 as of December 31, 2024 and 2025, respectively)	394.3M CNY	294.3M CNY
Income taxes payable (including income taxes payable of VIE without recourse to the Company of RMB909,115 and RMB933,612 as of December 31, 2024 and 2025, respectively)	2.2M CNY	1.1M CNY
Total current liabilities	2.0B CNY	1.7B CNY
Deferred revenue-non-current (including deferred revenue non-current of VIE without recourse to the Company of RMB16,886,859 and RMB23,316,175 as of December 31, 2024 and 2025, respectively)	23.3M CNY	16.9M CNY
Other non-current liabilities (including other non-current liabilities of VIE without recourse to the Company of RMB9,697,841 and RMB12,941,916 as of December 31, 2024 and 2025, respectively)	12.9M CNY	9.7M CNY
Total non-current liabilities	42.3M CNY	29.9M CNY
Total liabilities	2.0B CNY	1.7B CNY
Additional paid-in capital	2.0B CNY	2.0B CNY
Accumulated other comprehensive loss	-18.0M CNY	-3.1M CNY
Accumulated deficit	-1.1B CNY	-1.1B CNY
Total shareholders' equity	904.9M CNY	931.3M CNY	1.1B CNY	1.3B CNY
Total liabilities and shareholders' equity	3.0B CNY	2.6B CNY
Accounts payable	704.1M CNY	869.0M CNY
Advances from customers	182.6M CNY	35.9M CNY
Deferred revenue-current	75.1M CNY	50.2M CNY
Accrued expenses and other current liabilities	404.8M CNY	201.4M CNY
Deferred income tax liabilities	2.1M CNY	3.3M CNY
Operating lease liabilities	4.0M CNY	90.0K CNY
Ordinary shares, authorized	5.0B shares

Cash from operations¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁶$50.5M in 2025+4365% since 2018

Capital spending¹⁰¹⁵¹⁶⁶$25.4M in 2025+446% since 2018

Free cash flow¹⁰¹⁵¹⁶⁶$25.1M in 2025

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁶

Period ending	2025-12-31	2024-12-31	2023-12-31
Net loss	-39.4M CNY	-193.2M CNY	-271.8M CNY
Allowance for doubtful accounts	-5.9M CNY	7.6M CNY	139.4M CNY
Share-based compensation (Note 13)	27.7M CNY	24.2M CNY	47.7M CNY
Depreciation and amortization	111.0M CNY	122.1M CNY	148.1M CNY
Reduction in the carrying amount of right-of-use assets	5.0M CNY	6.7M CNY	8.3M CNY
Investment income	-5.5M CNY	-2.4M CNY	-1.4M CNY
Unrealized foreign exchange gain	-4.1M CNY	-2.0M CNY	-4.6M CNY
Deferred income tax benefit	-24.2M CNY	-23.3M CNY	-11.0M CNY
Loss on disposal of property, plant and equipment	2.3M CNY	470.4K CNY	22.1K CNY
Write-downs of inventories (Note 4)	89.2M CNY	30.0M CNY	21.7M CNY
Accounts receivable	101.3M CNY	-44.9M CNY	65.4M CNY
Inventories	-89.5M CNY	-288.2M CNY	2.6M CNY
Prepayments and other current assets	-77.8M CNY	-58.8M CNY	-5.1M CNY
Other non-current assets	-16.9M CNY	-6.1M CNY	6.3M CNY
Accounts payable and notes payable	-64.9M CNY	423.0M CNY	-33.3M CNY
Advances from customers	146.7M CNY	16.6M CNY	-5.7M CNY
Deferred revenue	31.3M CNY	12.2M CNY	6.0M CNY
Other non-current liabilities	3.2M CNY	729.3K CNY	-1.3M CNY
Income tax receivable			13.3M CNY
Income taxes payable	1.1M CNY	-286.0K CNY	-540.2K CNY
Accrued expenses and other current liabilities	166.5M CNY	32.8M CNY	-21.9M CNY
Operating lease liabilities	-3.9M CNY	-5.2M CNY	-8.5M CNY
Net cash provided by operating activities	353.3M CNY	52.3M CNY	93.7M CNY
Cash paid for purchase of property, plant and equipment	-177.8M CNY	-119.7M CNY	-78.9M CNY
Cash paid for purchase of term deposits	-50.0M CNY	-379.8M CNY	-379.4M CNY
Cash received from redemption of term deposits	195.0M CNY	204.7M CNY	513.2M CNY
Cash paid for purchase of short-term investments	-3.4B CNY	-2.0B CNY	-420.0M CNY
Cash received from sale of short-term investments	3.4B CNY	2.0B CNY	581.4M CNY
Net cash provided by (used in) investing activities	-90.6M CNY	-292.4M CNY	216.3M CNY
Cash received from exercise of employee stock options	164.6K CNY	267.3K CNY	654.0K CNY
Proceeds from short-term bank borrowings	240.0M CNY	200.0M CNY	100.0M CNY
Repayment for short-term bank borrowings	-200.0M CNY	-100.0M CNY	-160.0M CNY
Net cash (used in) provided by financing activities	40.2M CNY	100.3M CNY	-59.3M CNY
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash	-13.6M CNY	6.1M CNY	8.9M CNY
Net increase (decrease) in cash, cash equivalents and restricted cash	289.2M CNY	-133.8M CNY	259.6M CNY
Interest paid	5.9M CNY	5.5M CNY	1.6M CNY
Income tax paid	89.9K CNY	142.3K CNY	1.1M CNY
Construction payable	55.4M CNY	19.8M CNY	13.4M CNY

Compare Niu Technologies with another company

Corporate structure

Niu Technologies sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Niu Technologies

Glory Achievement Fund Ltd Filed SCHEDULE 13D/A on Niu Technologies, latest Jul 24, 2026 (11 filings since Jan 26, 2022)
Amova Asset Management Americas, Inc. Filed SC 13G/A on Niu Technologies, latest Feb 10, 2023 (2 filings since Feb 14, 2022)
Token Yilin Hu Filed SC 13G/A on Niu Technologies, latest Feb 9, 2023 (2 filings since Jan 26, 2022)
Wellington Management Company Filed SC 13G/A on Niu Technologies, latest Feb 6, 2023 (2 filings since Feb 4, 2022)
Sumitomo Mitsui Trust Group Filed SC 13G/A on Niu Technologies, latest Feb 3, 2023 (2 filings since Feb 4, 2022)

Niu Technologies Beijing, China
- Niutron Subsidiary · Beijing

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Niu Technologies reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	995.6M CNY⁶ Dec 31, 2025	834.0M CNY⁶ Dec 31, 2024	+19.4%
Accumulated depreciation	575.5M CNY⁶ Dec 31, 2025	513.9M CNY⁶ Dec 31, 2024	+12.0%
Property and equipment, net	$60.1M⁶ Dec 31, 2025	$43.8M¹⁶ Dec 31, 2024	+37.0%
Operating-lease assets (leased space)	$10.9M⁶ Dec 31, 2025	$9.8M¹⁶ Dec 31, 2024	+11.3%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$132.2M⁶ Dec 31, 2025	$86.3M¹⁶ Dec 31, 2024	+53.2%
Marketable securities, current	$9.0M⁶ Dec 31, 2025

Intangibles and goodwill

Item	Latest	A year before	Change
Finite-lived intangibles, net	$111.0K⁶ Dec 31, 2025	$143.0K¹⁶ Dec 31, 2024	−22.4%

Inventory

Item	Latest	A year before	Change
Inventory, total	$93.3M⁶ Dec 31, 2025	$88.9M¹⁶ Dec 31, 2024	+4.9%
Finished goods	475.8M CNY⁶ Dec 31, 2025	471.5M CNY⁶ Dec 31, 2024	+0.9%

The story

Founded by Li Yinan on Sep 18, 2014.¹

The company was founded in 2014 by Baidu's former chief technology officer, Li Yinan, and Token Yilin Hu. The first Niu scooters were crowdfunded. It differentiated itself by using lithium-ion batteries as opposed to the cheaper lead-acid alternatives widely used in Chinese e-scooters at the time.

In 2018, NIU listed on the NASDAQ stock exchange under the ticker symbol NIU.

In 2019, Revel Transit launched in New York City with 1,000 Niu electric scooters, later expanding to Washington DC, Austin and Miami. In 2021, the company broadened its portfolio to include electric bikes.

In 2023, NIU announced the XQi3, its first electric dirt bike, offered in both street-legal and off-road versions. The same year it also introduced the KQi3 Max and the KQi Air Series.

NIU turned its focus back to mopeds in 2024, previewing the NQiX Series, a redesign of its NQi-Series. At EICMA 2025 in Milan, the company announced 2026 updates to the range, including onboard Google Maps navigation, and premiered the FQiX Series, a new urban moped platform in 150 and 300 variants, which reached European dealers in July 2026.

On 2 September 2026, NIU announced a partnership with gaming-hardware company Razer, with a co-branded FQiX Special Edition as its first product. Pre-orders opened in Europe the same day, with first deliveries scheduled for the first quarter of 2027.

From Wikipedia’s article on Niu Technologies, shared under CC BY-SA 4.0.⁸

Leadership

Who has led Niu Technologies, and when. Pick a name to see everywhere that person has worked.

Chief executive

Yan Li2017–now

Chief financial officer

Fion Wenjuan Zhou2026–now

201520202025

FounderLi Yinan¹
Chief executive officerYan Li Dec 2017 to now¹⁷
Chief financial officerFion Wenjuan Zhou Mar 6, 2026 to now¹⁸

Board members and other officers (6)

Chief operating officerYan Li Dec 2017 to now¹
Board memberChangqing Ye Mar 4, 2026 to now¹⁹
Board memberJinshu Zhang Mar 4, 2026 to now²⁰
Board memberMei Wei Cheng Mar 4, 2026 to now²¹
Board memberFion Wenjuan Zhou Mar 6, 2026 to now¹⁸
Board memberYan Li Mar 6, 2026 to now²²

Products and brands

electric motorcycle

Listed on Wikidata.¹

NIU's product range covers electric mopeds and scooters, electric motorcycles, kick-scooters and e-bikes, sold under model families including NQiX, FQiX, NQi, MQi, UQi, FQi, XQi, RQi, KQi and BQi. The company has launched most of its recent European models at the EICMA motorcycle show in Milan.

NQiX Series

In November 2024, NIU previewed the NQiX Series, a redesign of its original NQi moped line, in 150, 300 and 500 variants. A top NQiX 1000 version was announced for Europe from the third quarter of 2025. The series introduced the "NIU Link Crown", a handlebar dial that lets riders adjust acceleration and torque while riding. NIU's website presents the series as a tribute to the NQi, which marked its tenth anniversary.

At EICMA 2025 on 4 November 2025, NIU announced 2026 updates for all NQiX models, including onboard Google Maps navigation and efficiency improvements to the battery and motor, along with a new flagship, the NQiX 1000. NIU stated the NQiX 1000 has a peak power of 15.5 kW, a top speed of 125 km/h and a range of over 100 km from three removable 72 V batteries, with European availability planned from the third quarter of 2026 at a starting price of €6,499.

FQiX Series

The FQiX Series succeeds the FQi 300 and FQi 500 shown in 2024. It had its world premiere at EICMA 2025 as a new urban design platform with a 5-inch TFT display, rear radar and the Link Crown interface. It can be unlocked by Bluetooth, NFC, the NIU app or a passcode.

Read the full text

The series comprises two models. The FQiX 150 is in the AM licence class (50 cc equivalent), with a top speed of 45 km/h. The FQiX 300 is in the A1 class (125 cc equivalent), with a top speed of 80 km/h. Both quote a range of up to 110 km with two batteries. By July 2026 the series was on sale at participating European dealers, from €2,499 (FQiX 150) and €2,999 (FQiX 300), including a special edition developed with gaming brand Razer.

XQi Series

NIU announced its first electric dirt bike, the XQi3, in 2023, in street-legal and off-road versions. At EICMA 2025 the company announced a relaunched XQi 300 and two new models, the XQi 400 and XQi 500 Street, for European markets in the second half of 2026. NIU stated the street-legal XQi 500 Street has a peak power of 28.8 kW

From Wikipedia’s article on Niu Technologies, shared under CC BY-SA 4.0.⁸

Subsidiaries and ownership

Subsidiaries

Niutron

From Wikidata.¹

Timeline

2018Went public Listed on NASDAQ¹
Dec 2017New chief executive Yan Li becomes CEO¹
Sep 18, 2014Founded Founded¹

Calendar

Coming up

Nov 16, 2026Reports results for the quarter ending Sep/2026²³

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

92 filings to the SEC since October 2021: 6 annual reports, 6 insider forms, 19 large holders, 61 other. The latest 20:

The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Mar 16, 2026	Zhou Fion WenjuanChief Financial Officer	Sale	22,113	$3.48	$77.0K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Glory Achievement Fund LtdSCHEDULE 13D/A, 11 filings Jan 26, 2022 to Jul 24, 2026²⁴
Amova Asset Management Americas, Inc.SC 13G/A, 2 filings Feb 14, 2022 to Feb 10, 2023²⁵
Token Yilin HuSC 13G/A, 2 filings Jan 26, 2022 to Feb 9, 2023²⁶
Wellington Management CompanySC 13G/A, 2 filings Feb 4, 2022 to Feb 6, 2023²⁷
Sumitomo Mitsui Trust GroupSC 13G/A, 2 filings Feb 4, 2022 to Feb 3, 2023²⁸

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 49. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Invesco Ltd.	1,269,311	$2.6M	0.0%	−1,011,631
Morgan Stanley	1,037,256	$2.1M	0.0%	−281,931
Dimensional Fund Advisors LP	411,970	$827.8K	0.0%	+2,014
Millennium Management LLC	404,149	$812.3K	0.0%	+327,380
Jane Street Group, LLC	342,029	$687.5K	0.0%	+189,170
Renaissance Technologies LLC	340,000	$683.4K	0.0%	+20,000
Healthcare Of Ontario Pension Plan Trust Fund	139,300	$280.0K	0.0%	−62,400
Susquehanna International Group, Llp	113,846	$228.8K	0.0%	−23,647
Pathstone Holdings, LLC	103,147	$209.3K	0.0%	+1,054
State Street Corp	103,811	$208.7K	0.0%	−11,773
Goldman Sachs Group Inc	85,636	$172.1K	0.0%	+67,614
Point72 Asset Management, L.P.	60,145	$120.9K	0.0%	New
Two Sigma Investments, LP	44,800	$90.0K	0.0%	New
Police & Firemen's Retirement System of New Jersey	42,415	$85.3K	0.0%	No change
UBS Group AG	40,255	$80.9K	0.0%	−16,571
Citadel Advisors LLC	35,117	$70.6K	0.0%	−28,053
Geode Capital Management, LLC	34,436	$69.2K	0.0%	No change
Barclays PLC	33,245	$66.8K	0.0%	No change
Qube Research & Technologies Ltd	33,007	$66.3K	0.0%	−162,033
American Century Companies Inc	24,385	$49.0K	0.0%	New
Headlands Technologies LLC	22,586	$45.4K	0.0%	−5,585
Connor, Clark & Lunn Investment Management Ltd.	20,434	$41.1K	0.0%	−526
Engineers Gate Manager LP	19,219	$38.6K	0.0%	New
Royal Bank Of Canada	18,500	$37.0K	0.0%	+18,350
Centiva Capital, LP	15,545	$31.2K	0.0%	−21,035

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Niu Technologies is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARNiu Technologies²
CIK0001744781
Filer statusAccelerated filer not an emerging growth company; not a shell company²⁹
Incorporated inCayman Islands²⁹
Fiscal year endsDecember 31²
Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies²
SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance²
Business addressBuilding C, Rongxin Technology Center, No. 34 Chuangyuan Road, Beijing, Chaoyang District 100012, China²
Phone861064321899²
Shares outstanding141,231,394 Common Class A shares; 15,222,020 Common Class B shares as of Dec 31, 2025²⁹
AuditorKPMG Huazhen LLP, Beijing, China PCAOB ID 1186; it also attests to the company’s internal control over financial reporting²⁹
On EDGAR sinceJul 20, 2018²
Filings154 in all: 6-K (69), SC 13G/A (10), 20-F (8), CORRESP (8), SCHEDULE 13D/A (8), SC 13D/A (7), UPLOAD (6), 144 (5)²
All 26 form types
3 (5), SC 13G (5), F-1/A (4), DRSLTR (2), EFFECT (2), S-8 (2), SC 13D (2), 20-F/A (1), 4 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), F-6 (1), F-6/A (1), FWP (1)
Latest filingsAnnual report (20-F) Apr 17, 2026

Securities registered for trading

Class	Symbol	Exchange
American depositary shares (one American depositaryshare representing two Class A ordinary shares, parvalue US$0.0001 per share)	NIU	Nasdaq
Class A ordinary shares, par value US$0.0001 pershare		Nasdaq

From the cover page of the 20-F filed Apr 17, 2026 (Section 12(b) of the Exchange Act).²⁹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataNiu Technologies on Wikidata
2
SEC EDGARNiu Technologies filings on SEC EDGAR
3
WikipediaNiu Technologies on Wikipedia
4
GLEIFNiu Technologies LEI record (549300NJKNSC80EVQ065)
5
Wikimedia CommonsNiu Technologies logo by Evilorr, CC BY-SA 4.0
6
SEC EDGARNiu Technologies 10-K for fiscal 2025
7
SEC EDGARNiu Technologies filings on SEC EDGAR
8
WikipediaNiu Technologies on Wikipedia (revision used)
9
Wikimedia CommonsNiu Technologies photo by Ivan Radic, CC BY 2.0
10
SEC EDGARNiu Technologies 10-K for fiscal 2018
11
SEC EDGARNiu Technologies 10-K for fiscal 2019
12
SEC EDGARNiu Technologies 10-K for fiscal 2020
13
SEC EDGARNiu Technologies 10-K for fiscal 2021
14
SEC EDGARNiu Technologies 10-K for fiscal 2022
15
SEC EDGARNiu Technologies 10-K for fiscal 2023
16
SEC EDGARNiu Technologies 10-K for fiscal 2024
17
Wikidata and SEC EDGARYan Li, Chief executive officer
18
SEC EDGARFion Wenjuan Zhou, Chief financial officer
19
SEC EDGARChangqing Ye, Board member
20
SEC EDGARJinshu Zhang, Board member
21
SEC EDGARMei Wei Cheng, Board member
22
SEC EDGARYan Li, Board member
23
NasdaqNasdaq calendar
24
SEC EDGARGlory Achievement Fund Ltd SCHEDULE 13D/A on Niu Technologies
25
SEC EDGARAmova Asset Management Americas, Inc. SC 13G/A on Niu Technologies
26
SEC EDGARToken Yilin Hu SC 13G/A on Niu Technologies
27
SEC EDGARWellington Management Company SC 13G/A on Niu Technologies
28
SEC EDGARSumitomo Mitsui Trust Group SC 13G/A on Niu Technologies
29
SEC EDGARNiu Technologies 20-F filed Apr 17, 2026: cover page