Niu Technologies shares surge 16.93% after-hours as improved full-year 2025 results and optimistic 2026 guidance offset Q4 revenue declines.

Niu Technologies surged 16.93% in after-hours trading following the release of its Q4 and full-year 2025 financial results. Despite a 17.4% year-over-year decline in Q4 revenue to RMB 676.2 million, the company reported a 31.0% annual revenue increase to RMB 4.3 billion, driven by a 41.6% rise in China e-scooter sales. The full-year net loss narrowed significantly to RMB 39.4 million from RMB 193.2 million in 2024, signaling improved profitability. CEO Yan Li emphasized resilience in China operations and strategic international expansion, while the company projected a 30%-50% year-over-year revenue increase for Q1 2026. Investors appeared to focus on the broader growth trajectory and cost-reduction efforts, outweighing near-term Q4 revenue concerns.