小牛电动(NIU.US)盘中拉升，一度涨23%，报3.95美元。公司此前公布财报显示，2025年一季度营收6.82亿元，同比增长35.1%；净亏损3884.47万元，较去年同期缩小29.11%。从销售地区来看，中国市场依旧是小牛电动的业绩增长主力军。今年一季度，中国市场电动滑板车销售收入达5.46亿元，同比增长39.1%，占电动滑板车总收入的90.1%。从整车销量来看，2025年第一季度，小牛电动全球整车销量突破20.3万辆，同比大幅增长57.4%。其中，中国市场整车销量为18.31万辆，同比增长66.2%。

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