NIU Technologies Announces First Quarter 2026 Financial Results

NIU Technologies reported first quarter 2026 revenues of RMB 909.5 million, a 33.4% increase year-over-year, driven by a 28.7% rise in e-scooter sales volume and a 5.6% increase in revenue per e-scooter. Despite revenue growth, the company experienced a net loss of RMB 93.9 million, a significant increase from RMB 38.8 million in Q1 2025. This was partly due to a 59.7% increase in operating expenses, primarily driven by a 56.8% rise in selling and marketing expenses and a 105.8% increase in general and administrative expenses, the latter largely due to foreign exchange losses. E-scooter sales in China increased by 35.4% year-over-year, while international sales decreased by 32.4%. The company expects Q2 2026 revenues to be between RMB 1,570 million and RMB 1,821 million, representing a 25% to 45% year-over-year increase.