Niu Technologies (NIU) Gross Margin (2017 - 2026)

Niu Technologies (NIU) has 10 years of Gross Margin data on file, last reported at 17.43% in Q1 2026.

• Gross Margin for Q1 2026 came in at 17.43%, up 12.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.47% (up 443.0% YoY), and the FY2025 annual result was 19.58%, up 441.0% from the prior year.
• Gross Margin climbed to 17.43% in Q1 2026 per NIU's latest filing, from 15.26% in the prior quarter.
• Over five years, Gross Margin peaked at 23.1% in Q2 2023 and troughed at 12.45% in Q4 2024.
• A 5-year average of 19.01% and a median of 19.06% in 2022 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 753 bps in 2024, then soared 801 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 22.46% in 2022, then decreased by 15 bps to 19.0% in 2023, then sank by 34 bps to 12.45% in 2024, then grew by 23 bps to 15.26% in 2025, then grew by 14 bps to 17.43% in 2026.
• Business Quant data shows NIU's Gross Margin at 17.43% in Q1 2026, 15.26% in Q4 2025, and 21.83% in Q3 2025.