Niu Technologies announced its unaudited financial results for the second quarter ended June 30, 2025, on August 11, 2025, reporting revenues of RMB 1,255.7 million, a 33.5% increase year-over-year.
The company achieved a net income of RMB 5.9 million in Q2 2025, a significant turnaround from a net loss of RMB 24.9 million in the same period of 2024, marking its first net profit in recent quarters.
Gross margin improved to 20.1% from 17.0% in Q2 2024, driven by a higher proportion of e-scooter sales and improved gross margin in the China market due to cost-reduction initiatives.
Sales volume increased by 36.7% year-over-year, with the domestic retail network expanding to over 4,300 stores in China, reinforcing the company's growth strategy.
For the third quarter of 2025, NIU expects revenues to be in the range of RMB 1,433 million to RMB 1,638 million, representing a year-over-year increase of 40% to 60%.
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