Monitor Q2 revenue trajectory against guidance midpoint (RMB 1,695.5M). International sales weakness and rising OpEx are key risks. Any sign of margin improvement or cost control could catalyze upside.
Price Chart
Executive Summary
NIU reported Q1 2026 revenue of RMB 909.5M (+33.4% YoY), driven by strong China e-scooter sales (+41.6%), but net loss widened to RMB 93.9M from RMB 38.8M due to higher operating expenses. Management guided Q2 2026 revenue 25%-45% YoY growth, signaling continued demand.
Key Financial Metrics
Key Facts
- Q1 2026 revenue RMB 909.5M, +33.4% YoY
- Net loss RMB 93.9M vs RMB 38.8M in Q1 2025
- Gross margin 17.4% vs 17.3% YoY
- E-scooter sales in China +41.6% YoY; international -15.2% YoY
- Q2 2026 revenue guidance RMB 1,570M-1,821M (+25%-45% YoY)
Financial Impact
Revenue increased 33.4% YoY but net loss more than doubled; guidance implies continued top-line acceleration.
Risk Factors
- International market sales declining 32.4% in volume
- Selling & marketing expenses up 56.8% YoY, pressuring margins
- Foreign exchange losses of RMB 19.2M vs gains of RMB 9.1M in Q1 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3296330 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 22d ago | 6-K | $1.94 | awaiting T+20 | — | $1.90 (−2.06%) |
Oct 5, 2026 22d ago | Press Release | $1.94 | awaiting T+20 | — | $1.90 (+2.06%) |
Aug 10, 2026 11w ago | 6-K | $2.04 $1.90 | ▲ +6.63% | ▲ +5.72% | $1.90 (+6.63%) |
Aug 10, 2026 11w ago | Press Release | $2.04 $1.90 | ▼ −6.63% | ▼ −5.72% | $1.90 (−6.63%) |
Jul 13, 2026 15w ago | Press Release | $2.15 | awaiting T+20 | — | $1.90 (−11.63%) |
Jul 6, 2026 16w ago | 6-K | $2.09 $2.59 | ▲ +23.92% | ▲ +24.49% | $1.90 (−9.09%) |
Jul 3, 2026 16w ago | Press Release | $2.03 $2.59 | ▼ −27.59% | ▼ −28.00% | $1.90 (+6.40%) |
May 18, 2026 23w ago | Press Release | $2.42 $2.19 | ▼ −9.50% | ▼ −11.09% | $1.90 (−21.49%) |
Apr 20, 2026 27w ago | Press Release | $3.05 $2.42 | ▼ −20.66% | ▼ −24.86% | $1.90 (−37.70%) |
Apr 17, 2026 27w ago | Press Release | $3.07 $2.83 | ▼ −7.82% | ▼ −13.19% | $1.90 (−38.11%) |
US Market Status
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