Niu(US:NIU)2025-11-17 13:00Company Overview - NIU was founded in 2014 [3] - The company has 4,542 stores in China [3, 29] and operates in 53 countries [3, 29] - NIU has sold 6.1 million scooters globally [3] Sales Performance (3Q2025) - China sales volume reached 451,000 units, a 74% year-over-year increase [41] - Overseas sales volume was 36,000 units, a 65% year-over-year increase [41] - Total revenue reached RMB 1,694 million, an 11% year-over-year increase [41] Financial Position (as of September 30, 2025) - Cash, restricted cash, deposits & short-term investment totaled RMB 1,796 million [47] - Total assets amounted to RMB 3,394 million [47] - Total liabilities reached RMB 2,406 million [47] Financial Metrics - Gross margin was 21.8% of revenues [45] - Adjusted operating expenses were 13.8% of revenues [45] - Net margin was -4.0% [50] - Adjusted net margin was 5.2% [53] Production Capacity - The company has a total production capacity of approximately 2 million units per year [33, 36]