Niu Technologies (NIU) Q2 FY26 earnings call

Niu Technologies navigated a challenging Q2 FY26 by achieving robust volume growth, primarily driven by a strategic pivot to electric motorcycles in China and a steady recovery in international markets. Despite significant gross margin compression due to product mix shifts, promotional activities, and elevated raw material costs, the company focused on operational efficiency and channel optimization. The quarter marked a pivotal period of structural adjustment, with an emphasis on reestablishing premium e-bicycle offerings and advancing AI integration while normalizing overseas inventory.