NIU Technologies
NASDAQ:NIU
Income Statement
Earnings Waterfall
NIU Technologies
Revenue
|
2.7B
CNY
|
Cost of Revenue
|
-2.1B
CNY
|
Gross Profit
|
570.7m
CNY
|
Operating Expenses
|
-891.2m
CNY
|
Operating Income
|
-320.5m
CNY
|
Other Expenses
|
48.7m
CNY
|
Net Income
|
-271.8m
CNY
|
Income Statement
NIU Technologies
Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||
Revenue |
769
N/A
|
836
+9%
|
1 041
+25%
|
1 270
+22%
|
1 478
+16%
|
1 660
+12%
|
1 806
+9%
|
1 968
+9%
|
2 076
+6%
|
1 954
-6%
|
2 068
+6%
|
2 308
+12%
|
2 444
+6%
|
2 759
+13%
|
3 059
+11%
|
3 390
+11%
|
3 705
+9%
|
3 733
+1%
|
3 616
-3%
|
3 542
-2%
|
3 169
-11%
|
3 010
-5%
|
3 012
+0%
|
2 785
-8%
|
2 652
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||
Cost of Revenue |
(715)
|
(768)
|
(928)
|
(1 119)
|
(1 279)
|
(1 408)
|
(1 487)
|
(1 564)
|
(1 590)
|
(1 488)
|
(1 580)
|
(1 778)
|
(1 885)
|
(2 124)
|
(2 357)
|
(2 631)
|
(2 892)
|
(2 941)
|
(2 871)
|
(2 788)
|
(2 499)
|
(2 360)
|
(2 337)
|
(2 168)
|
(2 081)
|
|
Gross Profit |
55
N/A
|
68
+25%
|
113
+66%
|
151
+33%
|
199
+32%
|
252
+27%
|
320
+27%
|
404
+26%
|
487
+20%
|
466
-4%
|
488
+5%
|
530
+9%
|
559
+5%
|
635
+13%
|
701
+10%
|
759
+8%
|
813
+7%
|
792
-3%
|
745
-6%
|
755
+1%
|
670
-11%
|
650
-3%
|
674
+4%
|
617
-8%
|
571
-8%
|
|
Operating Income | ||||||||||||||||||||||||||
Operating Expenses |
(199)
|
(202)
|
(465)
|
(479)
|
(516)
|
(533)
|
(304)
|
(330)
|
(330)
|
(356)
|
(366)
|
(381)
|
(411)
|
(450)
|
(495)
|
(541)
|
(609)
|
(621)
|
(658)
|
(768)
|
(775)
|
(790)
|
(816)
|
(841)
|
(891)
|
|
Selling, General & Administrative |
(154)
|
(163)
|
(390)
|
(400)
|
(424)
|
(437)
|
(237)
|
(260)
|
(238)
|
(280)
|
(283)
|
(287)
|
(271)
|
(342)
|
(380)
|
(421)
|
(401)
|
(470)
|
(493)
|
(587)
|
(484)
|
(621)
|
(649)
|
(685)
|
(740)
|
|
Research & Development |
(39)
|
(39)
|
(74)
|
(78)
|
(92)
|
(96)
|
(67)
|
(70)
|
(66)
|
(76)
|
(83)
|
(95)
|
(103)
|
(108)
|
(115)
|
(120)
|
(132)
|
(151)
|
(165)
|
(181)
|
(172)
|
(170)
|
(166)
|
(156)
|
(151)
|
|
Depreciation & Amortization |
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(76)
|
0
|
0
|
0
|
(119)
|
0
|
0
|
0
|
0
|
|
Operating Income |
(144)
N/A
|
(134)
+7%
|
(352)
-162%
|
(328)
+7%
|
(317)
+3%
|
(281)
+12%
|
16
N/A
|
74
+368%
|
157
+112%
|
110
-30%
|
123
+12%
|
149
+21%
|
148
-1%
|
184
+24%
|
207
+12%
|
219
+6%
|
204
-7%
|
171
-16%
|
87
-49%
|
(14)
N/A
|
(106)
-672%
|
(140)
-32%
|
(142)
-1%
|
(223)
-58%
|
(320)
-44%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||
Interest Income Expense |
2
|
(1)
|
0
|
1
|
2
|
4
|
9
|
15
|
12
|
14
|
11
|
7
|
19
|
20
|
21
|
23
|
20
|
22
|
20
|
18
|
18
|
22
|
26
|
32
|
35
|
|
Total Other Income |
(42)
|
(76)
|
(52)
|
(39)
|
(33)
|
2
|
4
|
16
|
30
|
36
|
34
|
23
|
22
|
16
|
36
|
46
|
49
|
49
|
28
|
18
|
16
|
17
|
17
|
17
|
3
|
|
Pre-Tax Income |
(185)
N/A
|
(211)
-14%
|
(403)
-91%
|
(366)
+9%
|
(349)
+5%
|
(275)
+21%
|
29
N/A
|
105
+265%
|
198
+88%
|
160
-19%
|
168
+5%
|
179
+6%
|
190
+6%
|
220
+16%
|
264
+20%
|
288
+9%
|
273
-5%
|
241
-12%
|
135
-44%
|
23
-83%
|
(71)
N/A
|
(102)
-43%
|
(99)
+3%
|
(174)
-76%
|
(282)
-62%
|
|
Net Income | ||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
(11)
|
(8)
|
(21)
|
(31)
|
(39)
|
(51)
|
(47)
|
(39)
|
(11)
|
13
|
22
|
21
|
2
|
(5)
|
10
|
|
Income from Continuing Operations |
(185)
|
(211)
|
(403)
|
(366)
|
(349)
|
(275)
|
29
|
97
|
190
|
152
|
158
|
171
|
169
|
190
|
225
|
236
|
226
|
202
|
124
|
35
|
(50)
|
(80)
|
(96)
|
(179)
|
(272)
|
|
Net Income (Common) |
(185)
N/A
|
(211)
-14%
|
(403)
-91%
|
(366)
+9%
|
(349)
+5%
|
(275)
+21%
|
29
N/A
|
97
+238%
|
190
+95%
|
152
-20%
|
158
+4%
|
171
+9%
|
169
-1%
|
190
+12%
|
225
+18%
|
236
+5%
|
226
-4%
|
202
-11%
|
124
-38%
|
35
-72%
|
(50)
N/A
|
(80)
-62%
|
(96)
-20%
|
(179)
-85%
|
(272)
-52%
|
|
EPS (Diluted) |
-1.41
N/A
|
-1.6
-13%
|
-3.08
-93%
|
-2.8
+9%
|
-2.67
+5%
|
-1.79
+33%
|
0.18
N/A
|
0.63
+250%
|
1.24
+97%
|
1.01
-19%
|
1.01
N/A
|
1.08
+7%
|
1.07
-1%
|
1.24
+16%
|
1.39
+12%
|
1.46
+5%
|
1.41
-3%
|
1.3
-8%
|
0.77
-41%
|
0.22
-71%
|
-0.32
N/A
|
-0.52
-63%
|
-0.62
-19%
|
-1.15
-85%
|
-1.73
-50%
|