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	Jun '26 Jun 30, 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	23,559	21,005	13,995	10,094	10,062	9,131
Other Revenue	334.98	272.92	200.68	128.05	62.43	14.78
Revenue	23,894	21,278	14,196	10,222	10,124	9,146
Revenue Growth	23.98%	49.89%	38.87%	0.97%	10.70%	52.36%
Cost of Revenue	17,078	14,994	10,214	7,727	7,647	7,073
Gross Profit	6,815	6,284	3,982	2,495	2,478	2,073
Selling, General & Admin	3,315	3,069	1,937	1,523	1,526	1,113
Research & Development	1,478	1,250	826.13	615.94	583.13	503.51
Other Operating Expenses	95.61	115.47	23.91	38.82	36.85	30.05
Operating Expenses	4,906	4,451	2,798	2,179	2,164	1,657
Operating Income	1,909	1,834	1,184	316.15	313.91	415.7
Interest Expense	-9.95	-6.59	-3.01	-8.16	-4.98	-4.71
Interest & Investment Income	291.76	250.26	123.52	69.69	14.73	101.04
Currency Exchange Gain (Loss)	-565.44	62.37	20.84	84.47	166.56	-103.54
Other Non Operating Income (Expenses)	-23.06	-13.93	-13.6	-34.85	-5.12	-3.19
EBT Excluding Unusual Items	1,603	2,126	1,311	427.3	485.1	405.3
Gain (Loss) on Sale of Investments	80.25	40.31	-14.69	106.02	54.52	52.84
Gain (Loss) on Sale of Assets	-3.96	1.42	-1.75	3.99	1.68	41.66
Legal Settlements	8.37	3.73	1.15	3.6	1.72	1.58
Other Unusual Items	-29.06	-9.97	23.37	100.01	19.92	-1.75
Pretax Income	1,658	2,161	1,319	640.91	562.94	499.62
Income Tax Expense	58.32	399.01	234.17	44.71	113.58	91.62
Earnings From Continuing Operations	1,600	1,762	1,085	596.2	449.36	408
Minority Interest in Earnings	-75.18	-4.14	-1.15	1.79	1.95	2.6
Net Income	1,525	1,758	1,084	597.99	451.31	410.6
Net Income to Common	1,525	1,758	1,084	597.99	451.31	410.6
Net Income Growth	-11.87%	62.17%	81.29%	32.50%	9.92%	458.84%
Shares Outstanding (Basic)	712	711	708	715	710	704
Shares Outstanding (Diluted)	725	758	794	793	788	767
Shares Change	-10.02%	-4.43%	0.06%	0.62%	2.80%	14.59%
EPS (Basic)	2.14	2.47	1.53	0.84	0.64	0.58
EPS (Diluted)	2.10	2.32	1.37	0.75	0.57	0.54
EPS Growth	-2.05%	69.69%	81.17%	31.59%	6.90%	387.27%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	1,140	3,223	2,807	1,493	1,156	-427.8
Free Cash Flow Per Share	1.57	4.25	3.54	1.88	1.47	-0.56
Dividend Per Share	1.251	1.672	1.131	0.283	-	-
Dividend Growth	-19.35%	47.84%	298.94%	-	-	-
Gross Margin	28.52%	29.54%	28.05%	24.40%	24.47%	22.67%
Operating Margin	7.99%	8.62%	8.34%	3.09%	3.10%	4.54%
Profit Margin	6.38%	8.26%	7.64%	5.85%	4.46%	4.49%
Free Cash Flow Margin	4.77%	15.15%	19.78%	14.60%	11.42%	-4.68%
EBITDA	2,135	2,003	1,371	477.13	444.53	531.28
EBITDA Margin	8.94%	9.41%	9.66%	4.67%	4.39%	5.81%
D&A For EBITDA	225.92	169.58	187.58	160.98	130.63	115.58
EBIT	1,909	1,834	1,184	316.15	313.91	415.7
EBIT Margin	7.99%	8.62%	8.34%	3.09%	3.10%	4.54%
Effective Tax Rate	3.52%	18.46%	17.75%	6.98%	20.18%	18.34%
Revenue as Reported	23,894	21,278	14,196	10,222	10,124	9,146
Advertising Expenses	-	685.59	411.44	304.46	324.98	122.22