Q2 2026 NIU Technologies Earnings Call Transcript
Key Points
- Total sales volume grew 24% year-over-year to 434,000 units, driven by a 26% increase in China sales.
- Electric motorcycle category surged, contributing 60% of China sales volume, with strong demand for new models like the NX Marathon.
- International electric motorcycle business grew 50% year-over-year, with the 125cc+ category reaching 50% of European sales and achieving local profitability.
- Online sales in China grew 50% year-over-year, with successful Douyin expansion and strong same-store sales growth of 24%.
- Overseas micromobility retail activation grew 21% year-over-year, indicating successful inventory clearance and channel transition.
- Gross margin declined 4.1 percentage points to 16%, due to product mix shift, higher raw material costs, and overseas inventory clearance.
- Net loss of RMB102 million in Q2, compared to a net income of RMB5.9 million in the same period last year.
- China scooter ASP fell 9% year-over-year to RMB3,010, reflecting a shift to lower-priced electric motorcycles.
- Operating expenses increased 29% year-over-year, with higher selling and marketing costs and foreign exchange losses impacting G&A.
- Premium e-bicycle segment experienced industry-wide contraction of 25-30% in the first half, pressuring NIU's historical stronghold.
Now I will turn the call over to Ms. Crystal Lee.
Good day, ladies and gentlemen.
Thank you for standing by and welcome to the New Technologies Second Quarter 2026 Earnings Conference Call. At this time, all participants are in listen-only mode.
Later, we will conduct a question-and-answer session and instructions will follow at that time. As a reminder, we are recording today's call. If you have any objections, you may disconnect at this time. Now I will turn the call over to Ms. Crystal Lee, Investor Relations Manager of New Technologies. Ms. Lee, please go ahead.
Thank you, operator. Hello, everyone. Welcome to today's conference call to discuss new technologies result for the second quarter 2026. The earnings press release, corporate presentation, and financial spreadsheets has been posted on our investor relations website.
This call is being webcast from companies IR site as well, and a replay of the call will be available soon.
Please note, today's
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