Ninebot Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	21,479	13,995	10,094	10,062	9,131	6,000
Other Revenue	200.68	200.68	128.05	62.43	14.78	3.17
Revenue	21,680	14,196	10,222	10,124	9,146	6,003
Revenue Growth (YoY)	59.40%	38.87%	0.97%	10.70%	52.36%	30.90%
Cost of Revenue	15,277	10,214	7,727	7,647	7,073	4,458
Gross Profit	6,403	3,982	2,495	2,478	2,073	1,545
Selling, General & Admin	2,965	1,938	1,523	1,526	1,113	843.44
Research & Development	1,150	826.13	615.94	583.13	503.51	462.19
Other Operating Expenses	128.77	23.91	38.82	36.85	30.05	28.4
Operating Expenses	4,258	2,799	2,179	2,164	1,657	1,353
Operating Income	2,145	1,182	316.15	313.91	415.7	191.3
Interest Expense	-2.25	-1.84	-8.16	-4.98	-4.71	-11.38
Interest & Investment Income	203.43	123.52	69.69	14.73	101.04	20.6
Currency Exchange Gain (Loss)	20.84	20.84	84.47	166.56	-103.54	-62.2
Other Non Operating Income (Expenses)	188.92	-13.6	-34.85	-5.12	-3.19	-4.57
EBT Excluding Unusual Items	2,556	1,311	427.3	485.1	405.3	133.74
Gain (Loss) on Sale of Investments	-34.74	-14.69	106.02	54.52	52.84	7.76
Gain (Loss) on Sale of Assets	-6.46	-1.75	3.99	1.68	41.66	-0.4
Asset Writedown	-11.12	-	-	-	-	-
Legal Settlements	1.15	1.15	3.6	1.72	1.58	1.41
Other Unusual Items	7.64	23.37	100.01	19.92	-1.75	9.69
Pretax Income	2,513	1,319	640.91	562.94	499.62	152.2
Income Tax Expense	647.56	234.17	44.71	113.58	91.62	78.72
Earnings From Continuing Operations	1,865	1,085	596.2	449.36	408	73.47
Minority Interest in Earnings	36.38	-1.15	1.79	1.95	2.6	-
Net Income	1,902	1,084	597.99	451.31	410.6	73.47
Net Income to Common	1,902	1,084	597.99	451.31	410.6	73.47
Net Income Growth	59.96%	81.29%	32.50%	9.92%	458.84%	-
Shares Outstanding (Basic)	707	708	715	710	704	629
Shares Outstanding (Diluted)	766	793	793	788	767	669
Shares Change (YoY)	-3.23%	0.04%	0.62%	2.80%	14.59%	52.25%
EPS (Basic)	2.69	1.53	0.84	0.64	0.58	0.12
EPS (Diluted)	2.48	1.37	0.75	0.57	0.54	0.11
EPS Growth	65.28%	81.17%	31.59%	6.90%	387.27%	-
Free Cash Flow	3,992	2,807	1,493	1,156	-427.8	571.93
Free Cash Flow Per Share	5.21	3.54	1.88	1.47	-0.56	0.85
Dividend Per Share	0.113	0.113	0.028	-	-	-
Dividend Growth	298.24%	298.24%	-	-	-	-
Gross Margin	29.54%	28.05%	24.40%	24.47%	22.67%	25.73%
Operating Margin	9.90%	8.33%	3.09%	3.10%	4.54%	3.19%
Profit Margin	8.77%	7.64%	5.85%	4.46%	4.49%	1.22%
Free Cash Flow Margin	18.41%	19.78%	14.60%	11.42%	-4.68%	9.53%
EBITDA	2,311	1,346	477.13	444.53	531.28	246.51
EBITDA Margin	10.66%	9.48%	4.67%	4.39%	5.81%	4.11%
D&A For EBITDA	165.62	163.63	160.98	130.63	115.58	55.21
EBIT	2,145	1,182	316.15	313.91	415.7	191.3
EBIT Margin	9.90%	8.33%	3.09%	3.10%	4.54%	3.19%
Effective Tax Rate	25.77%	17.75%	6.98%	20.18%	18.34%	51.73%
Revenue as Reported	21,680	14,196	10,222	10,124	9,146	6,003
Advertising Expenses	-	411.44	304.46	324.98	122.22	89.41

Source: S&P Global Market Intelligence. Standard template. Financial Sources.