Niu Technologies Announces Unaudited Second Quarter 2026 Financial Results

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Niu Technologies Announces Unaudited Second Quarter 2026 Financial Results

— Second Quarter Revenues of RMB 1,440.4 million, up 14.7% year over year

— Second Quarter Net Loss of RMB 102.2 million, compared with Net Income of RMB 5.9 million in the same period of 2025

BEIJING, Aug. 10, 2026 (GLOBE NEWSWIRE) — Niu Technologies (“NIU” or the “Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Financial Highlights

• Revenues were RMB 1,440.4 million, an increase of 14.7% year over year

• Gross margin was 16.0%, compared with 20.1% in the second quarter of 2025

• Net loss was RMB 102.2 million, compared with net income of RMB 5.9 million in the second quarter of 2025

• Adjusted net loss (non-GAAP)1 was RMB 98.2 million, compared with adjusted net income of RMB 13.7 million in the second quarter of 2025

Second Quarter 2026 Operating Highlights

• The number of e-scooters sold was 434,687, an increase of 24.2% year over year

• The number of e-scooters sold in China was 402,202, an increase of 26.2% year over year

• The number of e-scooters sold in the international markets was 32,485, an increase of 3.6% year over year

• The number of franchised stores in China was 4,570 as of June 30, 2026

Dr. Yan Li, Chief Executive Officer of the Company, remarked, “In China, by incorporating AI-enabled riding features into a broader range of everyday riding needs, we continued to develop our smart mobility roadmap and strengthen the connected riding experience.”

Dr. Li continued, “Internationally, we maintained a selective approach and continued to align our product offerings with local demand to support the stability of our global operation.”

Second Quarter 2026 Financial Results

Revenuesreached RMB 1,440.4 million, representing a 14.7% increase year over year. This increase was primarily driven by a 24.2% increase in sales volume, partially offset by an 8.6% decrease in revenues per e-scooter. The following table shows the revenue breakdown and revenues per e-scooter in the periods presented: