Welcome to our dedicated page for Niu Technologies SEC filings (Ticker: NIU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Niu Technologies (NASDAQ: NIU) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a foreign private issuer. Niu Technologies files reports with the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934 and indicates that it files annual reports on Form 20-F. Its recent current reports on Form 6-K attach press releases covering sales volume updates and unaudited quarterly financial results.
Through these filings, investors can review how Niu Technologies reports its performance in the electric motorcycle, moped, bicycle, kick-scooter and e-bike business. The company’s financial updates break out revenues from e-scooter sales in the China market, e-scooter sales in international markets, and accessories, spare parts and services. They also discuss gross margin, operating expenses, net income or loss and the use of non-GAAP measures such as adjusted net income and adjusted net income margin, which exclude share-based compensation expenses.
Form 6-K submissions also include sales volume data, showing the number of e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes delivered in China and international markets. Niu Technologies notes that these volumes are based on deliveries from its manufacturing facility and are only one measure of financial performance.
On Stock Titan, these SEC filings are paired with AI-powered tools that summarize key points, highlight revenue composition, and explain terminology such as Form 20-F and Form 6-K in plain language. Users can quickly see which filings contain quarterly results, sales updates or other material information, and can use the platform to navigate directly to documents that matter most for understanding NIU’s regulatory reporting history.
Niu Technologies reported unaudited fourth quarter and full year 2025 results, with full year revenues of RMB 4,307.9 million, up 31.0% year over year. Full year net loss narrowed sharply to RMB 39.4 million from RMB 193.2 million, as gross margin improved to 19.6% from 15.2%, helped by higher-margin e-scooters and cost optimization in China.
In the fourth quarter, revenues fell 17.4% to RMB 676.2 million as total e-scooter sales dropped 23.8%, and net loss widened to RMB 88.1 million. International markets were weak, with Q4 e-scooter revenues there down 58.3% year over year, while accessories, spare parts and services grew 10.9%.
As of December 31, 2025, the company held RMB 1,115.6 million in cash, cash equivalents, term deposits and short-term investments, against RMB 240.0 million of short-term bank borrowings. For 2026, NIU expects first quarter revenues of RMB 887 million to RMB 1,023 million and full year sales volume of 1.7 million to 1.9 million units.
Niu Technologies reported insider equity activity by its Chief Financial Officer, Fion Wenjuan Zhou
NIU Technologies submitted a Form 144 notice for proposed sales of ADSs, each representing two Class A ordinary shares, dated 03/16/2026. The filing lists 22113 ADS in the securities-to-be-sold section and describes the shares as "ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN" with "VESTING OF SHARE INCENTIVE PLAN".
The filing also records recent activity by Zhou Fion Wenjuan: a sale entry dated 01/12/2026 showing 10521 ADS and the figure 33918.65 adjacent to that row. The document identifies the broker as Citigroup Global Markets located at 390 Greenwich St, New York.
Niu Technologies’ major shareholders have updated their ownership report. Glory Achievement Fund Limited, Bull Group Limited and BULL TRUST together report beneficial ownership of 60,243,535 ordinary shares, representing 38.6% of Niu’s ordinary shares, based on 155,927,944 ordinary shares outstanding as of February 28, 2025.
From March 4 to March 12, 2026, Glory Achievement Fund Limited bought 780,964 ADSs, representing 1,561,928 Class A ordinary shares, in open-market transactions for approximately US$3.1 million using its own working capital. The positions are held for investment purposes, and the group may increase or decrease its stake depending on market conditions and company developments.
Niu Technologies director and Chief Executive Officer Li Yan filed an initial statement of beneficial ownership, detailing existing equity interests rather than new trades. He reports 930,000 fully vested options granted under the 2018 Share Incentive Plan on August 1, 2019.
Li Yan also holds 1,125,000 unvested RSUs granted on January 10, 2025, vesting in three equal annual installments of 375,000 RSUs on January 10, 2027, January 10, 2028 and January 10, 2029. A further 1,000,000 unvested RSUs granted on January 20, 2026 will vest in four equal annual installments of 250,000 RSUs on January 20, 2027, January 20, 2028, January 20, 2029 and January 20, 2030. Each RSU converts into one Class A ordinary share upon vesting.
The filing also lists 292,500 American depositary shares, with each ADS representing two Class A ordinary shares, and 6,615,000 Class B ordinary shares held indirectly through ELLY Holdings Limited, a BVI company owned by Li Yan and his spouse.
Niu Technologies director and Chief Financial Officer Zhou Fion Wenjuan filed an initial ownership report showing equity incentives and share exposure. She holds 90,000 unvested restricted share units (RSUs) granted on March 15, 2022 that vest on March 15, 2026, plus 225,000 unvested RSUs granted on January 10, 2025 that vest in three annual installments of 75,000 RSUs each from January 10, 2027 through January 10, 2029. An additional 150,000 unvested RSUs granted on January 20, 2026 vest in four annual installments of 37,500 RSUs each from January 20, 2027 through January 20, 2030. Each RSU represents the right to receive one Class A ordinary share, and she directly holds 119,284 American depositary shares, with each ADS representing two Class A ordinary shares.
Niu Technologies director Ye Changqing has filed an initial statement of beneficial ownership. The filing reports 40,000 unvested restricted share units (RSUs), granted on October 19, 2024 under the 2018 Share Incentive Plan and scheduled to vest on October 19, 2026.
The filing also shows ownership of 50,000 American depositary shares (ADSs), with each ADS representing two Class A ordinary shares. Each RSU represents the contingent right to receive one Class A ordinary share upon vesting. The filing records current holdings rather than new market transactions.
Niu Technologies director Cheng Mei Wei has reported initial equity holdings, including 40,000 unvested restricted share units and 20,000 American depositary shares. Each RSU represents one Class A ordinary share and each ADS represents two Class A ordinary shares of Niu Technologies.
The 40,000 RSUs were granted on October 19, 2024 under the company’s 2018 Share Incentive Plan and are scheduled to vest on October 19, 2026, aligning the director’s compensation with long-term company performance.
Niu Technologies director Zhang Jinshu reported initial holdings on a Form 3. The filing shows ownership of 40,000 unvested restricted share units granted under the 2018 Share Incentive Plan, which are scheduled to vest on October 19, 2026. It also reports 54,000 American depositary shares, with each ADS representing two Class A ordinary shares of Niu Technologies.
Glory Achievement Fund Limited, Bull Group Limited and BULL TRUST filed Amendment No. 4 to their Schedule 13D on Niu Technologies after increasing their position through recent open-market purchases. From February 10, 2026 through March 3, 2026, Glory Achievement Fund Limited bought 1,062,931 ADSs, representing 2,125,862 Class A ordinary shares, for approximately US$3.8 million using its own working capital.
Following these transactions, the reporting group beneficially owns 58,681,607 ordinary shares, or 37.6% of Niu Technologies’ ordinary shares, based on 155,927,944 ordinary shares (139,385,924 Class A and 16,542,020 Class B) outstanding as of February 28, 2025, assuming conversion of all Class B shares. The ADSs are held for investment purposes, and the reporting persons state they may buy or sell additional securities over time depending on price, market conditions, and their assessment of the company.