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Security

NIU · Niu Technologies

NIUNASDAQotherCurrentCIK 1744781Updated Sep 27, 2026

Company: Niu Technologies →

NIU price & chart

Provider market data

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Financials

FY 2025 · USD
Revenue616,016,573USD · FY 2025
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

Net income-5,632,064USD · FY 2025
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

Operating income-12,619,163USD · FY 2025
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

Diluted EPS-0.04USD per share · FY 2025
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD421,892,493
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

358,001,202
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

308,360,914
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

367,786,617
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Property, Plant and Equipment, NetUSD60,083,945
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

43,841,688
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

45,509,425
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

57,611,320
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD132,235,794
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

86,312,565
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

122,899,401
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

77,464,311
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Accounts Receivable, after Allowance for Credit Loss, CurrentUSD5,344,131
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

18,073,160
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

13,374,297
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

43,458,639
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Inventory, NetUSD93,317,649
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

88,936,983
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

55,323,334
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

60,460,643
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Assets, CurrentUSD337,473,690
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

297,262,269
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

247,977,323
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

291,722,878
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Prepaid Expense and Other Assets, CurrentUSD49,125,076
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

36,707,402
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

27,475,335
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

29,823,076
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Operating Lease, Right-of-Use AssetUSD10,861,310
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

9,757,559
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

10,820,052
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

12,555,402
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Other Assets, NoncurrentUSD5,146,232
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

2,646,645
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

947,954
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

1,838,875
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD292,489,037
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

230,416,061
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

154,328,289
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

177,840,279
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Stockholders’ equity:
Additional Paid in CapitalUSD288,360,485
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

272,442,311
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

276,643,103
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

277,768,608
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Retained Earnings (Accumulated Deficit)USD-156,398,883
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

-144,442,267
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

-121,287,174
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

-85,439,138
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Accumulated Other Comprehensive Income (Loss), Net of TaxUSD-2,572,632
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

-428,721
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

-1,337,438
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

-2,397,594
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Stockholders' Equity Attributable to ParentUSD129,403,456
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

127,585,141
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

154,032,625
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

189,946,338
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Liabilities and EquityUSD421,892,493
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

358,001,202
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

308,360,914
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

367,786,617
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Current liabilities:
Liabilities, CurrentUSD286,444,152
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

226,313,728
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

150,838,164
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

172,934,189
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Operating Lease, Liability, CurrentCNY3,187,599
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

1,253,020
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

5,094,066
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

7,743,648
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Accounts Payable, CurrentUSD100,683,400
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

119,054,586
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

81,089,070
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

66,616,444
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Operating Lease, Liability, NoncurrentUSD565,772
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

12,329
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

39,496
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

1,097,420
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Deferred Income Tax Liabilities, NetUSD294,275
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

447,915
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

332,750
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

202,731
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Other Liabilities, NoncurrentUSD1,850,669
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

1,328,599
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

1,263,189
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

1,948,817
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Additional Financial Items
Deferred Tax Liabilities, NetCNY2,057,892
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

3,269,464
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

2,362,494
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

1,398,279
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Short-term InvestmentsUSD8,960,429
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

———

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD-5,632,064
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-26,468,379
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-38,287,297
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-7,171,450
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and AmortizationUSD15,866,825
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

16,733,845
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

20,854,485
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

20,691,209
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Share-based Payment Arrangement, Noncash ExpenseUSD3,965,537
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

3,319,904
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

6,712,673
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

8,440,989
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Changes in operating assets and liabilities:
Increase (Decrease) in Accounts ReceivableUSD-14,490,482
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

6,149,835
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-9,207,353
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

8,140,386
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Increase (Decrease) in InventoriesUSD12,793,808
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

39,483,397
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-370,081
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

22,633,455
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Increase (Decrease) in Accounts PayableUSD-9,284,280
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

57,954,861
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-4,690,638
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

13,592,182
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Deferred Income Tax Expense (Benefit)USD-3,461,472
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-3,190,262
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-1,542,600
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-881,449
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD50,516,940
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

7,163,238
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

13,202,312
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-17,667,508
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Cash flows from investing activities:
Net Cash Provided by (Used in) Investing ActivitiesUSD-12,955,725
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-40,062,588
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

30,466,726
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

57,688,903
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Payments to Acquire Property, Plant, and EquipmentUSD25,426,261
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

16,405,565
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

11,117,701
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

—
Cash flows from financing activities:
Net Cash Provided by (Used in) Financing ActivitiesUSD5,743,460
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

13,736,569
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-8,358,706
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-2,580,310
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD41,352,910
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-18,333,688
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

36,565,730
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

41,796,992
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD162,388,945
Source

20-F · 2026-04-17 · 0001104659-26-044568

As of 2025-12-31

115,958,668
Source

20-F · 2025-04-18 · 0001410578-25-000798

As of 2024-12-31

138,063,944
Source

20-F · 2024-04-24 · 0001104659-24-050776

As of 2023-12-31

104,481,118
Source

20-F · 2023-04-21 · 0001104659-23-047988

As of 2022-12-31

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD843,808
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

748,017
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

227,645
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

828,025
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Income Taxes Paid, NetUSD12,860
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

19,497
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

150,169
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,939,180
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Additional Financial Items
Share-based Payment Arrangement, ExpenseCNY27,731,397
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

24,232,978
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

47,659,304
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

58,219,186
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Amortization of Intangible AssetsCNY——557,419
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,940,307
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

DepreciationCNY110,693,354
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

121,880,535
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

147,507,340
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

140,771,102
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Foreign Currency Transaction Gain (Loss), UnrealizedUSD582,887
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

269,279
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

641,917
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,088,570
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Gain (Loss) on InvestmentsUSD792,755
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

323,181
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

200,900
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,582,923
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Gain (Loss) on Disposition of Property Plant EquipmentUSD-329,639
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-64,444
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-3,109
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-69,370
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD13,007,539
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

17,894,542
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

34,439,755
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

22,974,651
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Impairment of Intangible Assets, Finite-livedCNY0
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD-3,286,610
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-3,234,084
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-1,435,638
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-3,154,460
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

InterestExpenseNonoperatingUSD876,641
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

770,422
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

——
Inventory Write-downUSD12,756,069
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

4,113,852
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

3,053,797
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,303,687
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Investment Income, InterestUSD3,784,375
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

5,081,239
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

4,998,970
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,864,556
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD-5,632,064
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-26,468,379
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-38,287,297
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-7,171,450
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Operating ExpensesUSD133,443,623
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

102,791,594
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

125,528,423
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

112,414,875
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Operating Lease, Impairment LossUSD711,492
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

923,737
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

1,169,502
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,236,088
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Proceeds from Stock Options ExercisedUSD23,536
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

36,625
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

92,117
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

319,417
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Total RevenueUSD616,016,573
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

450,494,752
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

373,492,253
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

459,403,430
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Cost of Goods and Services Sold————
Operating Income (Loss)USD-12,619,163
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-34,336,461
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-44,722,249
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-12,944,665
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD-8,918,674
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-29,702,463
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-39,722,935
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-10,325,910
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD-3,286,610
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-3,234,084
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-1,435,638
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-3,154,460
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD-5,632,064
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-26,468,379
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-38,287,297
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-7,171,450
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Earnings Per Share, BasicUSD per share-0.04
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-0.17
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-0.24
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-0.05
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Earnings Per Share, DilutedUSD per share-0.04
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-0.17
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

-0.24
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-0.05
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Basicshares159,714,698
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

158,460,242
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

156,816,105
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

155,176,922
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Dilutedshares159,714,698
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

158,460,242
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

156,816,105
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

155,176,922
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Interest Expense (non-operating)USD876,641
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

770,422
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

——
Additional Financial Items
Amortization of Intangible AssetsCNY——557,419
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,940,307
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Current Income Tax Expense (Benefit)CNY1,222,831
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

-319,872
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

759,425
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

-15,677,411
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Gain (Loss) on InvestmentsUSD792,755
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

323,181
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

200,900
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,582,923
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD13,007,539
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

17,894,542
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

34,439,755
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

22,974,651
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Gross ProfitUSD120,629,032
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

68,330,250
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

80,388,036
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

97,094,603
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY-34,306,330
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

———
Interest ExpenseUSD——200,556
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

828,724
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Investment Income, InterestUSD3,784,375
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

5,081,239
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

4,998,970
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

1,864,556
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Operating ExpensesUSD133,443,623
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

102,791,594
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

125,528,423
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

112,414,875
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Research and Development ExpenseUSD23,802,360
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

17,825,183
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

21,265,897
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

25,586,924
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Selling and Marketing ExpenseUSD96,633,724
Source

20-F · 2026-04-17 · 0001104659-26-044568

2025-01-01 to 2025-12-31

67,071,869
Source

20-F · 2025-04-18 · 0001410578-25-000798

2024-01-01 to 2024-12-31

69,822,771
Source

20-F · 2024-04-24 · 0001104659-24-050776

2023-01-01 to 2023-12-31

63,853,300
Source

20-F · 2023-04-21 · 0001104659-23-047988

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.