Niu Technologies Announces Unaudited First Quarter 2026 Financial Results

-- First Quarter Revenues of RMB 909.5 million, up 33.4% year over year -- First Quarter Net Loss of RMB 93.9 million, compared with RMB 38.8 million in the same period of 202 5 BEIJING, May 18, 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 first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights Revenues were RMB 909.5 million, an increase of 33.4% year over year Gross margin was 17.4%, compared with 17.3% in the first quarter of 2025 Net loss was RMB 93.9 million, compared with RMB 38.8 million in the first quarter of 2025 Adjusted net loss (non-GAAP) 1 was RMB 88.0 million, compared with RMB 31.4 million in the first quarter of 2025 First Quarter 2026 Operating Highlights The number of e-scooters sold was 261,624, an increase of 28.7% year over year The number of e-scooters sold in China was 247,938, an increase of 35.4% year over year The number of e-scooters sold in the international markets was 13,686, down 32.4% year over year The number of franchised stores in China was 4,542 as of March 31, 2026 Dr. Yan Li, Chief Executive Officer of the Company, remarked, “We continued to expand our presence among younger consumers in China, leveraging a targeted strategy featuring dual Gen Z brand ambassadors to deepen engagement.