Meridian
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NIU · CIK 0001744781 · FY2025 live · 2025-12-31

Niu Technologies

DistressSEC 10-KClassic ZIndustrials40th percentile in Industrials · 430 names

View as

Model

Classic Z

FY2025

1.25

Zone

Distress

Prior

Market DD

1y PD

1.25

Z″ −0.15

−21.83.08+

Score 1.25 · distress below 1.80, grey to 2.99, safe at 3.00 and above.

Classic Z factor contributions

  • X1 Working capital / assets

    Short-term liquidity versus the size of the balance sheet.

    0.12
  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    −0.37
  • X3 EBIT / assets

    Operating return on assets.

    −0.03
  • X4 Book equity / liabilities

    Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.

    0.44
  • X5 Sales / assets

    Asset turnover — how much revenue the asset base supports.

    1.46

Two-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.

Pro unlocks the five-year path See plans.

Meridian Rank

46.73

from 47.45

0–100 · Classic Z family

  • Book standing

    50

  • Year change

  • Market PD

  • O-score

    38

Events on this name

Same published rows as Today.

  • Large rank drop

    material · 67

    • Meridian Rank: 47.45 → 46.73

Overview

rule-v1

Niu Technologies is on classic Z at 1.25 (distress) for FY2025, from an SEC 10-K. Sales / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Classic Z was fit on manufacturers. Buybacks can send retained earnings negative at otherwise healthy issuers. X4 is book equity.

Book screen Distress; market PD —. Market PD has not been priced on this name.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Classic Z scores · 40th percentile in Industrials.

Filing line items

Current assets

$337M

Total assets

$422M

Current liabilities

$286M

Total liabilities

$292M

Working capital

$51M

Retained earnings

−$156M

EBIT

−$13M

Total sales

$616M

Book equity

$129M

Accession 0001104659-26-044568. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as is a display overlay. X4 is book equity. Pulled 14 Sept 2026.