Niu Technologies - Understand $niu stock

$NIU Market Cap: $142.8 Million

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Financial Snapshot

Revenue

$2.652B

TTM

Gross Margin

21.29%

TTM

Net Earnings

-$271.8M

TTM

Current Assets

$1.761B

Q4 2023

Current Liabilities

$1.071B

Q4 2023

Current Ratio

164.4%

Q4 2023

Total Assets

$2.189B

Q4 2023

Total Liabilities

$1.096B

Q4 2023

Book Value

$1.094B

Q4 2023

Cash

$872.6M

Q4 2023

P/E

-0.5254

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.652B	$3.169B	$3.705B	$2.444B	$2.076B	$1.478B	$769.4M	$354.8M
YoY Change	-16.31%	-14.47%	51.56%	17.72%	40.5%	92.07%	116.85%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.652B	$3.169B	$3.705B	$2.444B	$2.076B	$1.478B	$769.4M	$354.8M
Cost Of Revenue	$2.081B	$2.499B	$2.892B	$1.885B	$1.590B	$1.279B	$714.7M	$367.6M
Gross Profit	$570.7M	$669.7M	$812.8M	$559.1M	$486.6M	$198.6M	$54.70M	-$12.80M
Gross Profit Margin	21.52%	21.13%	21.94%	22.87%	23.44%	13.44%	7.11%	-3.61%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$740.3M	$598.9M	$401.3M	$270.9M	$237.7M	$424.3M	$154.3M	$178.5M
YoY Change	23.61%	49.22%	48.14%	13.97%	-43.98%	174.98%	-13.56%
% of Gross Profit	129.7%	89.43%	49.38%	48.45%	48.85%	213.65%	282.08%
Research & Development	$151.0M	$176.5M	$132.1M	$102.6M	$66.20M	$91.80M	$39.20M	$32.40M
YoY Change	-14.45%	33.57%	28.78%	54.98%	-27.89%	134.18%	20.99%
% of Gross Profit	26.45%	26.35%	16.26%	18.35%	13.6%	46.22%	71.66%
Depreciation & Amortization	$20.85M	$20.69M	$95.47M	$50.20M	$32.40M	$18.90M	$9.700M	$5.200M
YoY Change	0.79%	-78.33%	90.19%	54.94%	71.43%	94.85%	86.54%
% of Gross Profit	3.65%	3.09%	11.75%	8.98%	6.66%	9.52%	17.73%
Operating Expenses	$891.2M	$775.3M	$609.0M	$410.9M	$329.7M	$516.0M	$198.9M	$213.7M
YoY Change	14.95%	27.31%	48.22%	24.63%	-36.1%	159.43%	-6.93%
Operating Profit	-$320.5M	-$105.7M	$203.8M	$148.2M	$156.9M	-$317.4M	-$144.2M	-$226.5M
YoY Change	203.3%	-151.86%	37.49%	-5.54%	-149.43%	120.11%	-36.34%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$35.49M	$18.06M	$20.38M	$19.10M	$11.60M	$1.500M	$1.800M	-$7.600M
YoY Change	96.51%	-11.35%	6.68%	64.66%	673.33%	-16.67%	-123.68%
% of Operating Profit			10.0%	12.89%	7.39%
Other Income/Expense, Net	$2.969M	$16.39M	$48.73M	$22.40M	$29.80M	-$33.10M	-$42.20M	$1.300M
YoY Change	-81.88%	-66.37%	117.53%	-24.83%	-190.03%	-21.56%	-3346.15%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$282.0M	-$71.22M	$272.9M	$189.7M	$198.3M	-$349.0M	-$184.7M	-$232.7M
YoY Change	296.0%	-126.1%	43.84%	-4.34%	-156.82%	88.96%	-20.63%
Income Tax	-$10.19M	-$21.76M	$47.04M	$21.10M	$8.200M	$0.00	$0.00	$0.00
% Of Pretax Income			17.24%	11.12%	4.14%
Net Earnings	-$271.8M	-$49.46M	$225.8M	$168.7M	$190.1M	-$349.0M	-$184.7M	-$232.7M
YoY Change	449.58%	-121.9%	33.86%	-11.26%	-154.47%	88.96%	-20.63%
Net Earnings / Revenue	-10.25%	-1.56%	6.1%	6.9%	9.16%	-23.62%	-24.01%	-65.59%
Basic Earnings Per Share	-$1.73	-$0.32	$1.47	$1.12
Diluted Earnings Per Share	-$1.73	-$0.28	$1.247M	$945.1K	$1.093M	-$2.305M	-$1.221M	-$1.538M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$970.1M	$903.3M	$1.078B	$1.103B	$764.8M	$716.8M	$197.2M	$141.2M
YoY Change	7.4%	-16.18%	-2.3%	44.23%	6.7%	263.49%	39.66%
Cash & Equivalents
Short-Term Investments	$97.56M	$369.0M	$869.3M	$876.1M	$484.8M	$147.7M	$85.20M	$50.10M
Other Short-Term Assets	$302.7M	$392.0M	$263.5M	$189.2M	$238.6M	$198.4M	$109.4M	$20.00M
YoY Change	-22.78%	48.76%	39.29%	-20.7%	20.26%	81.35%	447.0%
Inventory	$392.8M	$417.0M	$269.6M	$142.2M	$178.6M	$142.4M	$88.20M	$66.80M
Prepaid Expenses
Receivables	$94.96M	$299.7M	$268.6M	$101.3M	$115.2M	$54.40M	$10.40M	$20.60M
Other Receivables	$0.00	$0.00	$16.50M	$12.10M	$14.10M	$7.900M	$2.500M	$11.80M
Total Short-Term Assets	$1.761B	$2.012B	$1.896B	$1.548B	$1.311B	$1.120B	$407.7M	$260.4M
YoY Change	-12.5%	6.13%	22.48%	18.04%	17.11%	174.64%	56.57%
Property, Plant & Equipment	$399.9M	$484.0M	$491.4M	$199.0M	$150.9M	$41.00M	$28.70M	$14.10M
YoY Change	-17.36%	-1.52%	146.94%	31.88%	268.05%	42.86%	103.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$27.48M	$38.82M	$50.21M	$94.30M	$40.90M	$16.80M	$66.00M	$112.0M
YoY Change	-29.21%	-22.7%	-46.75%	130.56%	143.45%	-74.55%	-41.07%
Total Long-Term Assets	$428.7M	$524.6M	$545.3M	$298.9M	$199.5M	$65.60M	$95.90M	$128.1M
YoY Change	-18.28%	-3.79%	82.44%	49.82%	204.12%	-31.6%	-25.14%
Total Assets	$2.189B	$2.537B	$2.441B	$1.847B	$1.511B	$1.185B	$503.6M	$388.5M
YoY Change
Accounts Payable	$575.7M	$459.5M	$538.9M	$395.8M	$259.0M	$249.7M	$124.9M	$71.80M
YoY Change	25.3%	-14.74%	36.16%	52.82%	3.72%	99.92%	73.96%
Accrued Expenses	$165.5M	$192.1M	$84.97M	$77.20M	$58.30M	$52.50M	$34.00M	$18.20M
YoY Change	-13.84%	126.08%	10.06%	32.42%	11.05%	54.41%	86.81%
Deferred Revenue
YoY Change
Short-Term Debt	$267.3M	$476.8M	$323.6M	$180.0M	$217.4M	$180.0M	$319.8M	$216.3M
YoY Change	-43.95%	47.34%	79.79%	-17.2%	20.78%	-43.71%	47.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.071B	$1.193B	$1.129B	$823.3M	$693.5M	$597.0M	$578.5M	$341.8M
YoY Change	-10.21%	5.64%	37.14%	18.72%	16.16%	3.2%	69.25%
Long-Term Debt		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$22.42M	$32.44M	$45.58M	$29.10M	$24.50M	$17.80M	$12.50M	$7.400M
YoY Change	-30.9%	-28.83%	56.64%	18.78%	37.64%	42.4%	68.92%
Total Long-Term Liabilities	$22.42M	$32.44M	$45.58M	$29.10M	$24.50M	$17.80M	$12.50M	$7.400M
YoY Change	-30.9%	-28.83%	56.64%	18.78%	37.64%	42.4%	68.92%
Total Liabilities	$1.096B	$1.227B	$1.177B	$853.4M	$719.3M	$614.8M	$591.0M	$349.2M
YoY Change	-10.67%	4.24%	37.88%	18.64%	17.0%	4.03%	69.24%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	156.8M	155.2M	153.7M	150.9M
Diluted Shares Outstanding	156.8M	155.2M	160.5M	157.8M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $142.78 Million

About Niu Technologies

Niu Technologies is a holding company, which engages in the provision of urban mobility solutions. The company is headquartered in Beijing, Beijing and currently employs 550 full-time employees. The company went IPO on 2018-10-19. The firm is mainly engaged in the design, manufacture and sales of high-performance motorcycles, scooters, bicycles and kick-scooters. The firm's products mainly include electric scooter and motorcycle series, NQi, MQi, UQi and Gova, electric kick-scooter series, KQi and e-bike series, NIU Aero. In addition, its products also include two high-performance motorcycle series, RQi and TQi, a hybrid motorcycle series, YQi and an e-bike series, BQi. The firm mainly operates in the domestic market .

Industry: Motor Vehicles & Passenger Car Bodies Peers: EZGO Technologies Ltd.