5月20日夜盘，小牛电动（NIU）股价大涨5.06%，引发市场关注。这一涨幅主要得益于公司发布的2025年第一季度财报超出市场预期。
财报显示，小牛电动一季度实现营收6.82亿元，同比增长35.1%；净亏损收窄至3880万元，亏损率同比下降5.2个百分点。公司整车销量突破20.3万辆，同比大幅增长57.4%，创下历史同期新高。其中，中国市场整车销量18.3万辆，同比增速高达66.2%，凸显出强劲的增长势头。
展望未来，小牛电动对市场需求保持乐观。公司预计第二季度营业收入将达到13.17亿元至14.11亿元之间，同比增长40%至50%。这一积极展望进一步提振了投资者信心，推动股价上涨。此外，公司在产品创新、渠道扩张和成本控制等方面的持续努力，也为其长期发展奠定了坚实基础。
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