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

Niu Technologies has reported Gross Margin for 10 years, with the latest figure at 17.43% in Q1 2026.

• Quarterly Gross Margin rose 12.0% year-over-year to 17.43% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.47% (up 443.0% YoY) and the FY2025 annual result came in at 19.58%, up 441.0% from the prior year.
• Gross Margin grew 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.
• Over 5 years, Gross Margin stood at 22.46% in 2022, then slipped by 15 bps to 19.0% in 2023, then slumped by 34 bps to 12.45% in 2024, then increased by 23 bps to 15.26% in 2025, then increased by 14 bps to 17.43% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 17.43%, 15.26%, and 21.83% for Q1 2026, Q4 2025, and Q3 2025 respectively.