Niu Technologies (NIU.US) announced its financial results for the fourth quarter. Revenue for the quarter was RMB 676.2 million (approximately USD 96.7 million), representing a year-over-year decrease of 17.4%, but surpassing expectations by USD 5.65 million. Basic and diluted loss per ADS was RMB 1.1 (USD 0.16). Sales of e-scooters reached 172,763 units, a decrease of 23.8% compared to the same period last year. Sales in China totaled 158,782 units, down 12.9% year-over-year, while international market sales were 13,981 units, a decline of 68.4%. As of December 31, 2025, the number of franchised stores in China was 4,540. The company's cash and cash equivalents, term deposits, and short-term investments totaled RMB 1.1156 billion as of December 31, 2025.

Looking ahead, Niu Technologies forecasts its first-quarter 2026 revenue to be between RMB 887 million and RMB 1.023 billion, indicating year-over-year growth of 30% to 50%. For the full year 2026, the company anticipates sales volume to be in the range of 1.7 million to 1.9 million units, representing an increase of approximately 40% to 60% compared to the previous year. Following the earnings release, Niu Technologies' stock was up 4.56% in Monday's pre-market trading.