Ninebot Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	21,762	21,005	13,995	10,094	10,062	9,131
Other Revenue	272.92	272.92	200.68	128.05	62.43	14.78
Revenue	22,035	21,278	14,196	10,222	10,124	9,146
Revenue Growth (YoY)	31.59%	49.89%	38.87%	0.97%	10.70%	52.36%
Cost of Revenue	15,710	14,994	10,214	7,727	7,647	7,073
Gross Profit	6,325	6,284	3,982	2,495	2,478	2,073
Selling, General & Admin	3,114	3,069	1,937	1,523	1,526	1,113
Research & Development	1,368	1,250	826.13	615.94	583.13	503.51
Other Operating Expenses	109.62	115.47	23.91	38.82	36.85	30.05
Operating Expenses	4,608	4,451	2,798	2,179	2,164	1,657
Operating Income	1,717	1,834	1,184	316.15	313.91	415.7
Interest Expense	-6.59	-6.59	-3.01	-8.16	-4.98	-4.71
Interest & Investment Income	265.89	250.26	123.52	69.69	14.73	101.04
Currency Exchange Gain (Loss)	62.37	62.37	20.84	84.47	166.56	-103.54
Other Non Operating Income (Expenses)	-328.97	-13.93	-13.6	-34.85	-5.12	-3.19
EBT Excluding Unusual Items	1,710	2,126	1,311	427.3	485.1	405.3
Gain (Loss) on Sale of Investments	41.73	40.31	-14.69	106.02	54.52	52.84
Gain (Loss) on Sale of Assets	-2.65	1.42	-1.75	3.99	1.68	41.66
Asset Writedown	6.11	-	-	-	-	-
Legal Settlements	3.73	3.73	1.15	3.6	1.72	1.58
Other Unusual Items	-9.97	-9.97	23.37	100.01	19.92	-1.75
Pretax Income	1,749	2,161	1,319	640.91	562.94	499.62
Income Tax Expense	233.35	399.01	234.17	44.71	113.58	91.62
Earnings From Continuing Operations	1,516	1,762	1,085	596.2	449.36	408
Minority Interest in Earnings	-10.15	-4.14	-1.15	1.79	1.95	2.6
Net Income	1,505	1,758	1,084	597.99	451.31	410.6
Net Income to Common	1,505	1,758	1,084	597.99	451.31	410.6
Net Income Growth	7.17%	62.17%	81.29%	32.50%	9.92%	458.84%
Shares Outstanding (Basic)	712	711	708	715	710	704
Shares Outstanding (Diluted)	747	758	794	793	788	767
Shares Change (YoY)	-6.45%	-4.43%	0.06%	0.62%	2.80%	14.59%
EPS (Basic)	2.12	2.47	1.53	0.84	0.64	0.58
EPS (Diluted)	2.02	2.32	1.37	0.75	0.57	0.54
EPS Growth	14.57%	69.69%	81.17%	31.59%	6.90%	387.27%
Free Cash Flow	1,031	3,223	2,807	1,493	1,156	-427.8
Free Cash Flow Per Share	1.38	4.25	3.54	1.88	1.47	-0.56
Dividend Per Share	1.672	1.672	1.131	0.283	-	-
Dividend Growth	47.84%	47.84%	298.94%	-	-	-
Gross Margin	28.71%	29.54%	28.05%	24.40%	24.47%	22.67%
Operating Margin	7.79%	8.62%	8.34%	3.09%	3.10%	4.54%
Profit Margin	6.83%	8.26%	7.64%	5.85%	4.46%	4.49%
Free Cash Flow Margin	4.68%	15.15%	19.78%	14.60%	11.42%	-4.68%
EBITDA	1,882	2,003	1,371	477.13	444.53	531.28
EBITDA Margin	8.54%	9.41%	9.66%	4.67%	4.39%	5.81%
D&A For EBITDA	165.07	169.58	187.58	160.98	130.63	115.58
EBIT	1,717	1,834	1,184	316.15	313.91	415.7
EBIT Margin	7.79%	8.62%	8.34%	3.09%	3.10%	4.54%
Effective Tax Rate	13.34%	18.46%	17.75%	6.98%	20.18%	18.34%
Revenue as Reported	21,278	21,278	14,196	10,222	10,124	9,146
Advertising Expenses	-	685.59	411.44	304.46	324.98	122.22

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