Ninebot Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	21,325	13,995	10,094	10,062	9,131
Other Revenue	-	200.68	128.05	62.43	14.78
Revenue	21,325	14,196	10,222	10,124	9,146
Revenue Growth (YoY)	50.22%	38.87%	0.97%	10.70%	52.36%
Cost of Revenue	19,086	10,214	7,727	7,647	7,073
Gross Profit	2,239	3,982	2,495	2,478	2,073
Selling, General & Admin	-	1,938	1,523	1,526	1,113
Research & Development	-	826.13	615.94	583.13	503.51
Other Operating Expenses	-	23.91	38.82	36.85	30.05
Operating Expenses	-	2,799	2,179	2,164	1,657
Operating Income	2,239	1,182	316.15	313.91	415.7
Interest Expense	-	-1.84	-8.16	-4.98	-4.71
Interest & Investment Income	-	123.52	69.69	14.73	101.04
Currency Exchange Gain (Loss)	-	20.84	84.47	166.56	-103.54
Other Non Operating Income (Expenses)	-28.82	-13.6	-34.85	-5.12	-3.19
EBT Excluding Unusual Items	2,210	1,311	427.3	485.1	405.3
Gain (Loss) on Sale of Investments	-	-14.69	106.02	54.52	52.84
Gain (Loss) on Sale of Assets	-	-1.75	3.99	1.68	41.66
Legal Settlements	-	1.15	3.6	1.72	1.58
Other Unusual Items	-	23.37	100.01	19.92	-1.75
Pretax Income	2,210	1,319	640.91	562.94	499.62
Income Tax Expense	455.79	234.17	44.71	113.58	91.62
Earnings From Continuing Operations	1,755	1,085	596.2	449.36	408
Minority Interest in Earnings	-	-1.15	1.79	1.95	2.6
Net Income	1,755	1,084	597.99	451.31	410.6
Net Income to Common	1,755	1,084	597.99	451.31	410.6
Net Income Growth	61.84%	81.29%	32.50%	9.92%	458.84%
Shares Outstanding (Basic)	719	708	715	710	704
Shares Outstanding (Diluted)	719	793	793	788	767
Shares Change (YoY)	-9.33%	0.04%	0.62%	2.80%	14.59%
EPS (Basic)	2.44	1.53	0.84	0.64	0.58
EPS (Diluted)	2.44	1.37	0.75	0.57	0.54
EPS Growth	78.55%	81.17%	31.59%	6.90%	387.27%
Free Cash Flow	-	2,807	1,493	1,156	-427.8
Free Cash Flow Per Share	-	3.54	1.88	1.47	-0.56
Dividend Per Share	-	0.113	0.028	-	-
Dividend Growth	-	298.24%	-	-	-
Gross Margin	10.50%	28.05%	24.40%	24.47%	22.67%
Operating Margin	10.50%	8.33%	3.09%	3.10%	4.54%
Profit Margin	8.23%	7.64%	5.85%	4.46%	4.49%
Free Cash Flow Margin	-	19.78%	14.60%	11.42%	-4.68%
EBITDA	2,403	1,346	477.13	444.53	531.28
EBITDA Margin	11.27%	9.48%	4.67%	4.39%	5.81%
D&A For EBITDA	163.63	163.63	160.98	130.63	115.58
EBIT	2,239	1,182	316.15	313.91	415.7
EBIT Margin	10.50%	8.33%	3.09%	3.10%	4.54%
Effective Tax Rate	20.62%	17.75%	6.98%	20.18%	18.34%
Revenue as Reported	-	14,196	10,222	10,124	9,146
Advertising Expenses	-	411.44	304.46	324.98	122.22

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