Niu Tech E-Scooter Sales Jump 37% YoY In Q2, China Demand Soars 54% YoY While International Sales Slide 35.5% YoY

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, 2025.

Second Quarter 2025 Financial Highlights

• Revenues were RMB 1,255.7 million, an increase of 33.5% year over year
• Gross margin was 20.1%, compared with 17.0% in the second quarter of 2024
• Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024
• Adjusted net income (non-GAAP)1 was RMB 13.7 million, compared with adjusted net loss of RMB 19.5 million in the second quarter of 2024

Second Quarter 2025 Operating Highlights

• The number of e-scooters sold was 350,090, up 36.7% year over year
• The number of e-scooters sold in China was 318,719, up 53.6% year over year
• The number of e-scooters sold in the international markets was 31,371, down 35.5% year over year
• The number of franchised stores in China was 4,304 as of June 30, 2025
• The number of distributors in our international sales network was 57, covering 53 countries as of June 30, 2025