Niu Technologies (NIU) › Cost of RevenueNiu Technologies (NIU) — Cost of RevenueAnnual figures by period end, from SEC filings.2016-12-31: 367.59M CNY2017-12-31: 714.67M CNY2018-12-31: 1.28B CNY2019-12-31: 1.59B CNY2020-12-31: 1.89B CNY2021-12-31: 2.89B CNY2022-12-31: 2.50B CNY2023-12-31: 2.08B CNY2024-12-31: 2.79B CNY2025-12-31: 3.46B CNY3.46B CNY2016-12-31Cost of Revenue (CNY)2025-12-31Period endedCost of RevenueChange YoYSource filing2025-12-313.46B CNY+24.2%2026-04-17From 2025-01-012024-12-312.79B CNY+34.0%2026-04-17From 2024-01-012023-12-312.08B CNY-16.7%2026-04-17From 2023-01-012022-12-312.50B CNY-13.6%2025-04-18From 2022-01-012021-12-312.89B CNY+53.4%2024-04-24From 2021-01-012020-12-311.89B CNY+18.6%2023-08-08From 2020-01-012019-12-311.59B CNY+24.3%2022-04-27From 2019-01-012018-12-311.28B CNY+79.0%2021-04-09From 2018-01-012017-12-31714.67M CNY+94.4%2020-04-24From 2017-01-012016-12-31367.59M CNY—2019-04-25From 2016-01-01Other metrics: RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesShareholders' EquityCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per ShareWeighted Average Diluted SharesEPS (Basic)