Ninebot Limited (SHA:689009)

Ninebot Income Statement

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

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