Niu Technologies reported unaudited financial results for the second quarter of 2026. Total revenues reached RMB 1.44 billion. This represents a 14.7% increase year-over-year. E-scooter sales volume reached 434,687 units. This volume reflects a 24.2% rise from the previous year. Sales in China grew by 26.2%. International market sales increased by 3.6%.
The company reported a net loss of RMB 102.2 million. This result contrasts with a net income of RMB 5.9 million in the same period of 2025. Gross margin declined to 16.0%. This figure is down from 20.1% in the prior year's quarter.
Niu projects third-quarter revenues between RMB 1.86 billion and RMB 2.03 billion. This forecast represents a year-over-year increase of 10% to 20%.