Niu Technologies (NAS:NIU)

Q3 2025 NIU Technologies Earnings Call Transcript

Nov 17, 2025 / 01:00PM GMT

Release Date Price: $3.62 (-6.94%)

Transcript

Key Points

Positve

Niu Technologies (NIU) reported a strong 49.1% year-over-year increase in total sales volume, reaching 465,000 units in Q3 2025.
The company's revenue grew by 65% year over year to RMB1.69 billion, with a significant gross margin expansion to 21.8%, up 8.0 percentage points from the prior year.
Sales in China rose to 451,000 units, a 74% year-over-year increase, driven by a strong product portfolio and effective channel expansion.
High-value models priced above RMB8,000 accounted for over 10% of China sales, indicating a successful shift towards premium products.
Niu Technologies (NIU) successfully launched new high-end electric bicycle models and expanded its presence in lower-tier cities, supporting future growth.

Negative

Overseas sales volume declined to 14,000 units, primarily due to weakness in the micro mobility sector.
The company expects some uncertainty and potential softening in Q4 2025 due to the timing of new standard implementations and preloaded inventories.
Micro mobility sales were down 77% year over year, reflecting market headwinds in the US, Europe, and Asia.
Despite strong growth in China, the overseas market remains a challenge with intensified price competition and tariff dynamics affecting sales.
Niu Technologies (NIU) anticipates a relatively flat year-over-year volume in Q4 2025 due to regulatory transitions and inventory adjustments.

Operator

Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Niu Technologies third quarter 2025 earnings conference call. (Operator Instructions) 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. Kristal Li, Investor Relations Manager of Niu Technologies. Ms. Li, please go ahead.

Kristal Li

NIU Technologies - Investor Relations Manager

Thank you, operator. Hello, everyone. Welcome to today's conference call to discuss Niu Technologies results for the third quarter 2025 The earnings press release, corporate presentation and financial spreadsheets have been posted on our Investor Relations website. This call is being webcast from company's IR site as well, and a replay of the call will be available soon.

Please note, today's discussion will contain forward-looking statements made under the safe harbor provision of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks uncertainties,

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