-- Second Quarter Revenues of RMB 1,440.4 million, up 14.7% year over year -- Second Quarter Net Loss of RMB 102.2 million, compared with Net Income of RMB 5.9 million in the same period of 2025 BEIJING, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU” or the “Company”) (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights Revenues were RMB 1,440.4 million, an increase of 14.7% year over year Gross margin was 16.0%, compared with 20.1% in the second quarter of 2025 Net loss was RMB 102.2 million, compared with net income of RMB 5.9 million in the second quarter of 2025 Adjusted net loss (non-GAAP) 1 was RMB 98.2 million, compared with adjusted net income of RMB 13.7 million in the second quarter of 2025 Second Quarter 2026 Operating Highlights The number of e-scooters sold was 434,687, an increase of 24.2% year over year The number of e-scooters sold in China was 402,202, an increase of 26.2% year over year The number of e-scooters sold in the international markets was 32,485, an increase of 3.6% year over year The number of franchised stores in China was 4,570 as of June 30, 2026 Dr. Yan Li, Chief Executive Officer of the Company, remarked, “In China, by incorporating AI-enabled riding features into a broader range of everyday riding needs, we continued to develop our smart mobility roadmap and strengthen the connected riding experience.
