olivLaw · US equity research
Niu Technologies NIU
Motor Vehicles & Passenger Car Bodies · SIC 3711 · Vertical: Motor Vehicles & Passenger Car Bodies (SIC 3711)
Niu Technologies designs, manufactures and sells smart electric motorcycles, mopeds, bicycles and kick-scooters, distributed through an omnichannel model that includes a city partner system in China. The company moved from a lower gross margin in 2024 to a recovery in 2025, amid intense competition and a new electric bicycle standard in China.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 02 Nov 2026, Niu Technologies (NIU) stock was 1.78 USD (−1.11% on the day), with market capitalisation 114.9 m USD, beta 1.12, 52-week range 1.78–4.19 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 35.6
- weak (30–45)
- Bollinger (20, 2)
- 1.80 – 1.97
- below the lower band · %B -0.13 · band width 8.8%
- SMA 50 / 200
- 1.95 / 2.60
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.04 / -0.04
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −5.3% | −2.3% | −3.0 pp | — |
| 3 months | −31.0% | −0.8% | −30.2 pp | — |
| 6 months | −44.0% | +4.7% | −48.8 pp | — |
| Year to date | −41.3% | +10.2% | −51.4 pp | — |
| 1 year | −57.6% | +10.3% | −67.9 pp | −39.2% |
| 3 years | −26.1% | +73.0% | −99.2 pp | −59.4% |
| 5 years | −93.4% | +61.8% | −155.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 214.9 m | 298.2 m | 374.6 m | 581.3 m | 459.4 m | 373.5 m | 450.5 m | 616.0 m |
| Revenue YoY | unavailable | +38.8% | +25.6% | +55.2% | −21.0% | −18.7% | +20.6% | +36.7% |
| Net income | -50.8 m | 27.3 m | 25.8 m | 35.4 m | -7.2 m | -38.3 m | -26.5 m | -5.6 m |
| Net income YoY | unavailable | unavailable | −5.3% | +37.1% | −120.2% | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | 0.18 | 0.16 | 0.22 | -0.05 | -0.24 | -0.17 | -0.04 |
| Diluted EPS YoY | unavailable | unavailable | −11.1% | +37.5% | −122.7% | unavailable | unavailable | unavailable |
| net % | -23.6% | 9.2% | 6.9% | 6.1% | -1.6% | -10.3% | -5.9% | -0.9% |
| Free cash flow | -3.5 m | unavailable | unavailable | unavailable | unavailable | 2.1 m | -9.2 m | 25.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 132.2 m USD
- Financial debt
- 240.0 m USD
- Net debt
- 107.8 m USD
- Equity
- 129.4 m USD
- Total assets
- 421.9 m USD
- Debt / equity
- 1.85x
- Current ratio
- 1.18x
- ROE
- -4.4%
- ROA
- -1.4%
- FCF margin
- 4.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 374.6 m | 581.3 m | 459.4 m | 373.5 m | 450.5 m | 616.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Cost of revenue | 288.9 m | 453.8 m | 362.3 m | 293.1 m | 382.2 m | 495.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Gross profit | 85.7 m | 127.5 m | 97.1 m | 80.4 m | 68.3 m | 120.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Research & development | 16.1 m | 21.2 m | 25.6 m | 21.3 m | 17.8 m | 23.8 m | SEC (XBRL)· 17 Apr 2026verified |
| Operating income | 26.2 m | 39.6 m | -12.9 m | -44.7 m | -34.3 m | -12.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Depreciation & amortisation | 7.7 m | 15.0 m | 20.7 m | 20.9 m | 16.7 m | 15.9 m | SEC (XBRL)· 17 Apr 2026verified |
| EBITDA | 33.9 m ≈ | 54.6 m ≈ | 7.7 m ≈ | -23.9 m ≈ | -17.6 m ≈ | 3.2 m ≈ | SEC (XBRL)· 17 Apr 2026derived |
| Interest expense | 1.1 m | 967.9 k | 828.7 k | 200.6 k | 770.4 k | 876.6 k | SEC (XBRL)· 17 Apr 2026verified |
| Pre-tax income | 29.1 m | 42.8 m | -10.3 m | -39.7 m | -29.7 m | -8.9 m | SEC (XBRL)· 17 Apr 2026verified |
| Income tax | 3.2 m | 7.4 m | -3.2 m | -1.4 m | -3.2 m | -3.3 m | SEC (XBRL)· 17 Apr 2026verified |
| Net income | 25.8 m | 35.4 m | -7.2 m | -38.3 m | -26.5 m | -5.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Diluted EPS | 0.16 | 0.22 | -0.05 | -0.24 | -0.17 | -0.04 | SEC (XBRL)· 17 Apr 2026verified |
| Weighted average diluted shares | 157.8 m | 160.5 m | 155.2 m | 156.8 m | 158.5 m | 159.7 m | SEC (XBRL)· 17 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 62.1 m | 32.7 m | 77.5 m | 122.9 m | 86.3 m | 132.2 m | SEC (XBRL)· 17 Apr 2026verified |
| Receivables | 15.5 m | 42.1 m | 43.5 m | 13.4 m | 18.1 m | 5.3 m | SEC (XBRL)· 17 Apr 2026verified |
| Inventories | 21.8 m | 42.3 m | 60.5 m | 55.3 m | 88.9 m | 93.3 m | SEC (XBRL)· 17 Apr 2026verified |
| Current assets | 237.2 m | 297.5 m | 291.7 m | 248.0 m | 297.3 m | 337.5 m | SEC (XBRL)· 17 Apr 2026verified |
| Property, plant & equipment, net | 30.5 m | 62.3 m | 57.6 m | 45.5 m | 43.8 m | 60.1 m | SEC (XBRL)· 17 Apr 2026verified |
| Intangibles (excl. goodwill) | 859.3 k | 575.6 k | 269.3 k | 184.0 k | 143.0 k | 111.0 k | SEC (XBRL)· 17 Apr 2026verified |
| Total assets | 283.0 m | 383.1 m | 367.8 m | 308.4 m | 358.0 m | 421.9 m | SEC (XBRL)· 17 Apr 2026verified |
| Accounts payable | 60.7 m | 84.6 m | 66.6 m | 81.1 m | 119.1 m | 100.7 m | SEC (XBRL)· 17 Apr 2026verified |
| Short-term debt | 180.0 m | 180.0 m | 160.0 m | — | 200.0 m | 240.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Current liabilities | 126.2 m | 177.2 m | 172.9 m | 150.8 m | 226.3 m | 286.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Total liabilities | 130.8 m | 184.6 m | 177.8 m | 154.3 m | 230.4 m | 292.5 m | SEC (XBRL)· 17 Apr 2026verified |
| Equity | 152.2 m † | 198.4 m † | 189.9 m † | 154.0 m † | 127.6 m † | 129.4 m † | SEC (XBRL)· 17 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 71.4 m | 52.4 m | -17.7 m | 13.2 m | 7.2 m | 50.5 m | SEC (XBRL)· 17 Apr 2026verified |
| Capex | — | — | — | 11.1 m | 16.4 m | 25.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Free cash flow | — | — | — | 2.1 m ≈ | -9.2 m ≈ | 25.1 m ≈ | SEC (XBRL)· 17 Apr 2026derived |
| Investing cash flow | -82.0 m | -46.3 m | 57.7 m | 30.5 m | -40.1 m | -13.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Financing cash flow | -2.0 m | 980.2 k | -2.6 m | -8.4 m | 13.7 m | 5.7 m | SEC (XBRL)· 17 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 41 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 114.9 m USD
Key indicators
Coverage and freshness
Score by group
- Quality60
- Growth86
- Balance sheet6
- Valuation44
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 7.51 – 18.25 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)7.51 – 18.25 (Mid 10.83)WACC 6.4% · starting FCFF 25.8 m USD · terminal value share of EV 83%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · insufficient data
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 41/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -4.4% | 57 (vs peers) | 16% |
| Net margin · Quality | -0.9% | 64 (vs peers) | 10% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 10.3% | 86 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 33.2x | 0 (vs peers) | 16% |
| Interest coverage · Balance sheet | -14.4x | 0 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.2x | 32 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 68.6x | 0 (on a fixed band) | 16% |
| FCF yield · Valuation | 21.8% | 100 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet6/100 · 3/3 factors with a value
- Growth· partial86/100 · 1/2 factors with a value
- Quality60/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation44/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Niu Technologies (NIU). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 616.0 m USD in 2025; YoY growth 36.7%; net margin -0.9%; ROE -4.4%; net debt/EBITDA 33.2x.
The estimated value range is 7.51–18.25 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 10.83 USD, the price of 1.78 USD leaves a potential of 508.3% (value / price − 1) and a margin of safety of 83.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 41/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 10.3%
- FCF yield: 21.8%
- The price is below the estimated value range
What contradicts it
- Net debt / EBITDA: 33.2x
- Interest coverage: -14.4x
- EV/EBITDA: 68.6x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, P/E (TTM), Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Motor Vehicles & Passenger Car Bodies (SIC 3711) · same industry (4-digit SIC) · compared with 25 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TSLATesla, Inc. | 1,596.2 bn | 445.2 | 3.8% | 3.1% | −2.9% | −6% / +68% |
| GMGeneral Motors Company | 75.9 bn | 20.1 | 6.1% | 2.1% | −1.3% | +22% / +185% |
| PCARPACCAR Inc | 54.1 bn | 19.6 | 13.7% | 9.5% | −15.5% | −3% / +12% |
| LILi Auto Inc. | 22.7 bn | 139.8 | 1.6% | 1.0% | −18.8% | −39% / −70% |
| RIVNRivian Automotive, Inc. | 19.3 bn | — | -55.0% | -45.9% | +8.4% | −22% / −21% |
| OSKOshkosh Corporation | 8.9 bn | 17.8 | 11.0% | 4.6% | −2.9% | +14% / +50% |
| NIONIO Inc. | 7.9 bn | — | -302.6% | -17.1% | +38.9% | −42% / −56% |
| VFSVinFast Auto Ltd. | 7.4 bn | — | — | -175.5% | +54.7% | −3% / −63% |
| FSSFederal Signal Corporation | 7.1 bn | 24.3 | 20.5% | 11.7% | +17.1% | +3% / +70% |
| LCIDLucid Group, Inc. | 1.2 bn | — | -571.4% | -249.2% | +67.6% | −78% / −93% |
| LOTLotus Technology Inc. | 256.8 m | — | — | -89.4% | −43.8% | −70% / −96% |
| NIUNiu Technologies | 114.9 m | — | -4.4% | -0.9% | +36.7% | −58% / −26% |
| GGRGogoro Inc. | 42.5 m | — | -56.2% | -28.4% | −9.4% | −28% / −94% |
| WKHSWorkhorse Group Inc. | 31.3 m | — | — | -301.5% | +201.1% | −73% / −100% |
| DCXDigital Currency X Technology Inc. | 22.1 m | — | — | -434.9% | −27.1% | −100% / −100% |
| FFAIFaraday Future Intelligent Electric Inc. | 11.9 m | — | -2,030.5% | -21,838.0% | −0.6% | −100% / −100% |
| CENNCenntro Inc. | 4.9 m | — | -126.6% | -423.9% | −42.2% | −80% / −100% |
| FLYEFly-E Group, Inc. | 2.8 m | — | -82.2% | -67.9% | −25.0% | −61% / unavailable |
| FFord Motor Co | — | — | -18.4% | -4.2% | +1.2% | −5% / +23% |
| XPEVXpeng Inc. | — | — | -7.9% | -46.7% | unavailable | −56% / −42% |
| AIIORobo.ai Inc. | — | — | — | -17,614.9% | −92.1% | −96% / −100% |
| RACEFerrari N.V. | — | — | 42.9% | 22.3% | +7.0% | +3% / +12% |
| TMToyota Motor Corp | — | — | 13.6% | 9.9% | +6.5% | −3% / +3% |
| PSNYPolestar Automotive Holding UK PLC | — | — | — | -100.8% | −14.1% | −74% / −93% |
| HMCHonda Motor Co., Ltd. | — | — | 6.7% | 3.9% | +6.2% | +13% / +12% |
1- and 3-year price returns: for NIU from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 17 Apr 2026; since then the company filed 6-K (05 Oct 2026), 6-K (10 Aug 2026), 6-K (06 Jul 2026), 6-K (18 May 2026).
In brief
Niu Technologies designs, manufactures and sells smart electric motorcycles, mopeds, bicycles and kick-scooters, distributed through an omnichannel model that includes a city partner system in China. The company moved from a lower gross margin in 2024 to a recovery in 2025, amid intense competition and a new electric bicycle standard in China.1
SWOT
Strengths
- The NIU brand is positioned as a premium smart scooter brand, recognized through international design awards.1
- The company has an extensive data base linked to a large fleet of connected vehicles through the NIU app.1
- The omnichannel network combines city partners, franchised stores and online sales.1
Weaknesses
Opportunities
Risks
- Dependence on brandhigh
If the NIU brand does not stay strong, demand and operating results could be affected.1
- VIE structurehigh
If Chinese authorities find the contractual arrangements do not comply with regulations, the company could face severe penalties or have to give up operations.1
- Partner networkmedium
The company relies on city partners and franchised stores whose interests may not always align with its own.1
- Dependence on external suppliersmedium
The company relies substantially on external suppliers for components and raw materials, which could expose margins to price shocks.1
- ADS price volatilitylow
The ADS price is likely to be volatile, and large sales of ADSs could weigh on the market.1
Investment thesis
What would need to be true (bull case)
What would break the thesis
What to watch
- Domestic scooter sales trend and new product launches2026
- Gross margin development after the 2025 recoveryNext annual report
- Results in international markets, especially Europe2026
- Chinese regulatory developments on the VIE structure and auditingNext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 17 Apr 2026; since then the company filed 6-K (05 Oct 2026), 6-K (10 Aug 2026), 6-K (06 Jul 2026), 6-K (18 May 2026).
The business
Niu Technologies, listed on Nasdaq under the symbol NIU, operates through Beijing Niudian, a mainland China company controlled through contractual arrangements, while the parent company is incorporated in the Cayman Islands.1 Its products include smart e-scooters in the NQi, MQi, UQi and FQi series, electric motorcycles such as the XQi, and the KQi and BQi micro-mobility lines.1 Sales run through city partners and franchised stores in China, business partners in more than 40 countries and the company's own and third-party online channels.1 The company adds services through the NIU app, such as NIU Cover insurance and battery diagnostics.1
Segments
E-scooters
E-scooter sales make up the bulk of revenue, with 1,192,039 units sold in fiscal 2025 and a 90.5% share of net revenues, up from 709,802 units in 2023.1 The NQi series rose to 493,884 units in 2025, while the MQi series recovered to 272,185 units and the GQi series fell below 10,000 units.1
Market context
The core market is China's electric two-wheeled vehicle industry, shaped by economic growth, disposable income, urbanization and government policy.1 The company said the full implementation of the New Electric Bicycle Standard (GB17761-2024) in 2025 raised industry-wide compliance costs and accelerated market consolidation.1 Abroad, products are sold to distributors and retailers in more than 40 countries.1
Trends
- Consolidation after the new standardmixed
The new electric bicycle standard raised compliance costs across the industry and accelerated consolidation, which could favor makers with compliant portfolios such as the U1One launch.1
- Shift to value-conscious consumersheadwind
The company noted a shift toward more value-conscious consumer behavior, which could limit demand growth for premium models.1
- Expected domestic sales growth in 2026tailwind
The company expects domestic sales to expand in 2026 on the back of new products, which could offset pressures from the previous year.1
- Battery and raw material cost pressuremixed
Material and manufacturing costs account for most of cost of revenues, and lithium-ion battery price movements could affect margins.1
Competitive position
The company operates in an industry with intense competition, including mass-market electric scooter makers that use lithium-ion batteries and app connectivity to enter the market.1 The company says it differentiates through its exclusive focus on smart e-scooters and the advantages of manufacturing in China.1
- Chinese mass-market e-scooter makers
Manufacturers that have entered the electric two-wheeled vehicle market with lithium-ion batteries and app connectivity, intensifying direct competition.1
- Established international e-scooter manufacturers
Foreign companies with established market positions that could compete in the company's overseas markets.1
- New entrants to the industry
Companies expected to enter the market, which could add pressure on prices.1
- Rivals with broader portfolios
Competitors with larger user bases, more research resources and broader intellectual property portfolios.1
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)05 Oct 2026
- Current report (foreign issuer)10 Aug 2026
- Current report (foreign issuer)06 Jul 2026
- Current report (foreign issuer)18 May 2026
- Annual report (foreign issuer)17 Apr 2026
- Current report (foreign issuer)06 Apr 2026
- Current report (foreign issuer)18 Mar 2026
- Current report (foreign issuer)05 Jan 2026
- Current report (foreign issuer)17 Nov 2025
- Current report (foreign issuer)06 Oct 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Niu Technologies · 17 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.