Compare

Li Auto Inc. vs NIO Inc. vs Niu Technologies

Latest annual figures from SEC filings. Each company is shown for its own most recent fiscal year, so period ends can differ. Select a figure to see its full history.

Latest fiscal year	Li Auto Inc. LI	NIO Inc. NIO	Niu Technologies NIU
Year ended	2025-12-31	2025-12-31	2025-12-31
Revenue	112.31B CNY	87.49B CNY	4.31B CNY
Revenue growth (YoY)	-22.3%	+33.1%	+31.0%
Gross margin	18.7%	13.6%	19.6%
Operating margin	-0.5%	-16.0%	-2.0%
Net margin	1.0%	-17.1%	-0.9%
Net income	1.14B CNY	-14.94B CNY	-39.39M CNY
EPS (Diluted)	0.54 CNY	-6.85 CNY	-0.25 CNY
Operating cash flow	-8.61B CNY	2.99B CNY	353.27M CNY
Free cash flow	-12.82B CNY	-3.07B CNY	175.46M CNY
Cash & equivalents	56.69B CNY	11.27B CNY	924.74M CNY
Total assets	154.30B CNY	124.40B CNY	2.95B CNY
Total liabilities	81.16B CNY	111.71B CNY	2.05B CNY
Shareholders' equity	72.62B CNY	4.14B CNY	904.93M CNY
Return on year-end equity	1.6%	-360.9%	-4.4%
Shares outstanding	2.03B	2.47B	n/a

n/a means the company did not report that line under the concept TickerFacts maps, not that it is zero.

Revenue, most recent five fiscal years

Fiscal year	Li Auto Inc.	NIO Inc.	Niu Technologies
Latest	112.31B CNY Ended 2025-12-31	87.49B CNY Ended 2025-12-31	4.31B CNY Ended 2025-12-31
1 year earlier	144.46B CNY Ended 2024-12-31	65.73B CNY Ended 2024-12-31	3.29B CNY Ended 2024-12-31
2 years earlier	123.85B CNY Ended 2023-12-31	55.62B CNY Ended 2023-12-31	2.65B CNY Ended 2023-12-31
3 years earlier	45.29B CNY Ended 2022-12-31	49.27B CNY Ended 2022-12-31	3.17B CNY Ended 2022-12-31
4 years earlier	27.01B CNY Ended 2021-12-31	36.14B CNY Ended 2021-12-31	3.70B CNY Ended 2021-12-31