Earnings ·
Niu Technologies reported unaudited second quarter 2026 financial results for the period ended June 30, 2026
NIUNiu Technologies
Niu Technologies reported unaudited second quarter 2026 financial results for the period ended June 30, 2026. Revenues increased 14.7% year over year to RMB 1,440.4 million, driven by a 24.2% rise in e-scooter sales volume to 434,687 units. However, the company reported a net loss of RMB 102.2 million compared to a net income of RMB 5.9 million in the prior year period. Gross margin contracted to 16.0% from 20.1%, primarily due to shifts in product mix and rising supply chain costs. The company provided third quarter 2026 revenue guidance between RMB 1,863 million and RMB 2,033 million, representing a 10% to 20% year-over-year increase. Niu Technologies operates in the smart urban mobility industry, designing, manufacturing, and selling electric motorcycles, mopeds, bicycles, kick-scooters, and e-bikes.