Ninebot Limited (SHA: 689009)

Ninebot Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	12,389	10,094	10,062	9,131	6,000	4,575
Other Revenue	119.59	128.05	62.43	14.78	3.17	11.03
Revenue	12,508	10,222	10,124	9,146	6,003	4,586
Revenue Growth (YoY)	29.17%	0.97%	10.70%	52.36%	30.90%	7.96%
Cost of Revenue	9,004	7,551	7,647	7,073	4,458	3,411
Gross Profit	3,504	2,671	2,478	2,073	1,545	1,175
Selling, General & Admin	1,931	1,699	1,526	1,113	843.44	716.16
Research & Development	671.44	615.94	583.13	503.51	462.19	317.09
Other Operating Expenses	53.01	38.82	36.85	30.05	28.4	9.66
Operating Expenses	2,665	2,355	2,164	1,657	1,353	1,023
Operating Income	839.42	316.15	313.91	415.7	191.3	151.91
Interest Expense	-6.94	-8.16	-4.98	-4.71	-11.38	-16.71
Interest & Investment Income	105.48	69.69	14.73	101.04	20.6	7.53
Currency Exchange Gain (Loss)	-43.77	84.47	166.56	-103.54	-62.2	18.5
Other Non Operating Income (Expenses)	-40.26	-34.85	-5.12	-3.19	-4.57	-1.87
EBT Excluding Unusual Items	853.93	427.3	485.1	405.3	133.74	159.36
Gain (Loss) on Sale of Investments	168.16	106.02	54.52	52.84	7.76	-593.18
Gain (Loss) on Sale of Assets	3.55	3.99	1.68	41.66	-0.4	-0.45
Legal Settlements	-0.63	3.6	1.72	1.58	1.41	2.59
Other Unusual Items	72.43	100.01	19.92	-1.75	9.69	31.49
Pretax Income	1,097	640.91	562.94	499.62	152.2	-400.2
Income Tax Expense	127.46	44.71	113.58	91.62	78.72	54.65
Earnings From Continuing Operations	969.97	596.2	449.36	408	73.47	-454.85
Minority Interest in Earnings	1.28	1.79	1.95	2.6	-	-
Net Income	971.25	597.99	451.31	410.6	73.47	-454.85
Net Income to Common	971.25	597.99	451.31	410.6	73.47	-454.85
Net Income Growth	132.26%	32.50%	9.91%	458.84%	-	-
Shares Outstanding (Basic)	714	715	710	704	629	439
Shares Outstanding (Diluted)	811	793	788	767	669	439
Shares Change (YoY)	3.28%	0.62%	2.80%	14.59%	52.25%	60.50%
EPS (Basic)	1.36	0.84	0.64	0.58	0.12	-1.03
EPS (Diluted)	1.20	0.75	0.57	0.54	0.11	-1.03
EPS Growth	124.71%	31.59%	6.90%	387.27%	-	-
Free Cash Flow	3,128	1,493	1,156	-427.8	571.93	-128.57
Free Cash Flow Per Share	3.86	1.88	1.47	-0.56	0.85	-0.29
Dividend Per Share	0.028	0.028	-	-	-	-
Gross Margin	28.02%	26.13%	24.47%	22.67%	25.73%	25.61%
Operating Margin	6.71%	3.09%	3.10%	4.55%	3.19%	3.31%
Profit Margin	7.76%	5.85%	4.46%	4.49%	1.22%	-9.92%
Free Cash Flow Margin	25.01%	14.60%	11.42%	-4.68%	9.53%	-2.80%
EBITDA	980.13	457.23	444.53	531.28	246.51	203.93
EBITDA Margin	7.84%	4.47%	4.39%	5.81%	4.11%	4.45%
D&A For EBITDA	140.71	141.08	130.63	115.58	55.21	52.02
EBIT	839.42	316.15	313.91	415.7	191.3	151.91
EBIT Margin	6.71%	3.09%	3.10%	4.55%	3.19%	3.31%
Effective Tax Rate	11.61%	6.98%	20.18%	18.34%	51.72%	-
Revenue as Reported	12,508	10,222	10,124	9,146	6,003	4,586
Advertising Expenses	-	304.46	324.98	122.22	89.41	69.46

Source: S&P Capital IQ. Standard template. Financial Sources.