Ningbo Exciton Technology Co., Ltd. (SHE:300566)

Ningbo Exciton Technology Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,081	2,140	2,261	1,958	1,911	1,408
Other Revenue	35.19	35.19	42.19	23.11	13.89	12.09
Revenue	2,116	2,175	2,303	1,981	1,925	1,420
Revenue Growth (YoY)	-12.78%	-5.55%	16.24%	2.96%	35.51%	29.55%
Cost of Revenue	1,618	1,686	1,880	1,704	1,525	1,048
Gross Profit	498.75	489.75	422.8	277.08	399.31	372.53
Selling, General & Admin	135.23	134.54	128.54	103.38	124.91	100.53
Research & Development	134.86	138.33	157.19	151.91	123.16	104.53
Other Operating Expenses	4.98	10.91	9.62	9.06	-16.03	9.77
Operating Expenses	281.1	289.36	305.01	262.26	240.09	219.32
Operating Income	217.65	200.39	117.79	14.82	159.22	153.21
Interest Expense	-20.59	-22.05	-33.11	-31.07	-37.49	-28.1
Interest & Investment Income	2.38	6.82	48.5	13.93	6.83	14.07
Currency Exchange Gain (Loss)	6.93	6.93	2.01	14.29	-3.51	-9.13
Other Non Operating Income (Expenses)	-5.18	-2.07	-2.48	-2.09	2.18	-0.84
EBT Excluding Unusual Items	201.2	190.02	132.71	9.89	127.23	129.22
Impairment of Goodwill	-	-	-0.27	-	-	-
Gain (Loss) on Sale of Investments	-2.2	-	-	-1.55	0.01	-
Gain (Loss) on Sale of Assets	1.22	0.81	-0.12	-1.01	-0.99	0.18
Asset Writedown	-5.69	-7.59	-	-	-	-2.16
Other Unusual Items	35.9	36.22	30.04	41	1.93	29.62
Pretax Income	230.43	219.46	162.34	48.33	128.19	156.87
Income Tax Expense	36.61	35.2	26.17	-8.08	0.38	12.01
Earnings From Continuing Operations	193.83	184.26	136.17	56.41	127.81	144.85
Minority Interest in Earnings	5.94	5.85	8.21	0.38	-8.59	-8.09
Net Income	199.77	190.11	144.38	56.79	119.22	136.76
Net Income to Common	199.77	190.11	144.38	56.79	119.22	136.76
Net Income Growth	20.80%	31.67%	154.25%	-52.37%	-12.83%	111.52%
Shares Outstanding (Basic)	263	260	263	258	234	232
Shares Outstanding (Diluted)	263	260	263	258	234	232
Shares Change (YoY)	-0.22%	-0.80%	1.70%	10.42%	0.85%	0.38%
EPS (Basic)	0.76	0.73	0.55	0.22	0.51	0.59
EPS (Diluted)	0.76	0.73	0.55	0.22	0.51	0.59
EPS Growth	21.07%	32.73%	150.00%	-56.86%	-13.56%	110.71%
Free Cash Flow	264.37	214.18	-4.49	-199.66	-162.16	93.63
Free Cash Flow Per Share	1.01	0.82	-0.02	-0.77	-0.69	0.40
Dividend Per Share	0.200	0.200	0.150	0.050	0.100	0.067
Dividend Growth	33.33%	33.33%	200.00%	-50.00%	49.93%	100.30%
Gross Margin	23.57%	22.51%	18.36%	13.98%	20.75%	26.23%
Operating Margin	10.28%	9.21%	5.11%	0.75%	8.27%	10.79%
Profit Margin	9.44%	8.74%	6.27%	2.87%	6.19%	9.63%
Free Cash Flow Margin	12.49%	9.85%	-0.19%	-10.08%	-8.43%	6.59%
EBITDA	316.82	297	204.2	92.14	225.19	211.35
EBITDA Margin	14.97%	13.65%	8.87%	4.65%	11.70%	14.88%
D&A For EBITDA	99.17	96.62	86.41	77.32	65.97	58.14
EBIT	217.65	200.39	117.79	14.82	159.22	153.21
EBIT Margin	10.28%	9.21%	5.11%	0.75%	8.27%	10.79%
Effective Tax Rate	15.89%	16.04%	16.12%	-	0.29%	7.66%
Revenue as Reported	2,116	2,175	2,303	1,981	1,925	1,420
Advertising Expenses	-	1.1	1.46	-	0.12	0.05

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