Compare

NIO Inc. vs Li Auto 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	NIO Inc. NIO	Li Auto Inc. LI	Niu Technologies NIU
Year ended	2025-12-31	2025-12-31	2025-12-31
Revenue	87.49B CNY	112.31B CNY	4.31B CNY
Revenue growth (YoY)	+33.1%	-22.3%	+31.0%
Gross margin	13.6%	18.7%	19.6%
Operating margin	-16.0%	-0.5%	-2.0%
Net margin	-17.1%	1.0%	-0.9%
Net income	-14.94B CNY	1.14B CNY	-39.39M CNY
EPS (Diluted)	-6.85 CNY	0.54 CNY	-0.25 CNY
Operating cash flow	2.99B CNY	-8.61B CNY	353.27M CNY
Free cash flow	-3.07B CNY	-12.82B CNY	175.46M CNY
Cash & equivalents	11.27B CNY	56.69B CNY	924.74M CNY
Total assets	124.40B CNY	154.30B CNY	2.95B CNY
Total liabilities	111.71B CNY	81.16B CNY	2.05B CNY
Shareholders' equity	4.14B CNY	72.62B CNY	904.93M CNY
Return on year-end equity	-360.9%	1.6%	-4.4%
Shares outstanding	2.47B	2.03B	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	NIO Inc.	Li Auto Inc.	Niu Technologies
Latest	87.49B CNY Ended 2025-12-31	112.31B CNY Ended 2025-12-31	4.31B CNY Ended 2025-12-31
1 year earlier	65.73B CNY Ended 2024-12-31	144.46B CNY Ended 2024-12-31	3.29B CNY Ended 2024-12-31
2 years earlier	55.62B CNY Ended 2023-12-31	123.85B CNY Ended 2023-12-31	2.65B CNY Ended 2023-12-31
3 years earlier	49.27B CNY Ended 2022-12-31	45.29B CNY Ended 2022-12-31	3.17B CNY Ended 2022-12-31
4 years earlier	36.14B CNY Ended 2021-12-31	27.01B CNY Ended 2021-12-31	3.70B CNY Ended 2021-12-31