Niu Technologies (NIU) › Cost of RevenueNiu Technologies (NIU) — Cost of RevenueAnnual figures by fiscal year, from SEC filings.2016: 367.59M CNY2017: 714.67M CNY2018: 1.28B CNY2019: 1.59B CNY2020: 1.89B CNY2021: 2.89B CNY2022: 2.50B CNY2023: 2.08B CNY2024: 2.79B CNY2025: 3.46B CNY3.46B CNY2016Cost of Revenue (CNY)2025Fiscal YearCost of RevenueChange YoY20253.46B CNY+24.2%20242.79B CNY+34.0%20232.08B CNY-16.7%20222.50B CNY-13.6%20212.89B CNY+53.4%20201.89B CNY+18.6%20191.59B CNY+24.3%20181.28B CNY+79.0%2017714.67M CNY+94.4%2016367.59M CNY—Other metrics: RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesShareholders' EquityCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share