# Niu Technologies: Form 20-F for the period ended Dec 31, 2021

- Company: [Niu Technologies](/companies/niu.md) (CIK 1744781)
- Form: 20-F
- Filed: 2022-04-27
- Accepted by EDGAR: Apr 27, 2022, 20:05 ET
- Period: 2021-12-31
- Accession: 0001104659-22-051148
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1744781/000110465922051148/niu-20211231x20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1744781/000110465922051148/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2021-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2021-01-01 to 2021-12-31 | $581.3m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2021-01-01 to 2021-12-31 | $453.8m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2021-01-01 to 2021-12-31 | $127.5m | us-gaap:GrossProfit |
| Research and development | 12 months, 2021-01-01 to 2021-12-31 | $21.2m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2021-01-01 to 2021-12-31 | $39.6m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2021-01-01 to 2021-12-31 | $967.9k | us-gaap:InterestExpense |
| Income tax | 12 months, 2021-01-01 to 2021-12-31 | $7.4m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2021-01-01 to 2021-12-31 | $35.4m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2021-01-01 to 2021-12-31 | $0.22 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2021-01-01 to 2021-12-31 | $0.23 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2021-01-01 to 2021-12-31 | 160,460,976 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2021-01-01 to 2021-12-31 | $52.4m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Cash and equivalents | at 2021-12-31 | $32.7m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2021-12-31 | $297.5m | us-gaap:AssetsCurrent |
| Total assets | at 2021-12-31 | $383.1m | us-gaap:Assets |
| Current liabilities | at 2021-12-31 | $177.2m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2021-12-31 | $184.6m | us-gaap:Liabilities |
| Short-term borrowings | at 2021-12-31 | CNY 180.0m | us-gaap:ShortTermBorrowings |
| Shareholders' equity | at 2021-12-31 | $198.4m | us-gaap:StockholdersEquity |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1744781/000110465922051148/niu-20211231x20f.htm

Filed Apr 27, 2022.
Source: SEC EDGAR, the filing index for accession 0001104659-22-051148. Last ingested by Listed: Oct 24, 2026, 15:07 ET. No prices; not investment advice.