Niu(US:NIU) Hua Xia Shi Bao·2025-11-17 10:53Core Insights - Niu Technologies reported strong financial performance for Q3 2025, with revenue reaching RMB 1.6939 billion, a year-on-year increase of 65.4%, and a net profit of RMB 81.7 million, indicating robust business growth momentum [1] Group 1: Sales Performance - In Q3, Niu Technologies achieved total vehicle sales of 465,873 units, a year-on-year growth of 49.1%, with the Chinese market showing exceptional performance, contributing 451,455 units sold, a significant increase of 74.2% [2] - Cumulatively, for the first three quarters of 2025, Niu Technologies sold 1,019,276 vehicles, surpassing the total sales for the entire previous year, highlighting the company's market expansion and brand influence [2] Group 2: Profitability and Margins - The gross margin improved significantly to 21.8%, an increase of 8 percentage points year-on-year, reflecting the company's effective product mix optimization and cost control [2] Group 3: Strategic Outlook - Niu Technologies is well-prepared for the upcoming implementation of the new national standards for electric vehicles on December 1, with a competitive product matrix and an expanding channel network, which contributed to the strong growth in the Chinese market [3] - The company maintains a steady outlook for Q4, projecting revenue between RMB 737 million and RMB 901 million, supported by validated successful strategies and sufficient cash reserves [3]