Ningbo Exciton Technology 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	2,095	2,069	2,140	2,261	1,958	1,911
Other Revenue	56.98	56.98	35.19	42.19	23.11	13.89
Revenue	2,152	2,126	2,175	2,303	1,981	1,925
Revenue Growth (YoY)	1.70%	-2.27%	-5.55%	16.24%	2.96%	35.51%
Cost of Revenue	1,635	1,618	1,686	1,880	1,704	1,525
Gross Profit	516.94	508.32	489.75	422.8	277.08	399.31
Selling, General & Admin	135.11	134.91	134.54	128.54	103.38	124.91
Research & Development	134.18	132.48	138.33	157.19	151.91	123.16
Other Operating Expenses	18.54	12.03	10.91	9.62	9.06	-16.03
Operating Expenses	297.46	292.43	289.36	305.01	262.26	240.09
Operating Income	219.48	215.89	200.39	117.79	14.82	159.22
Interest Expense	-14.27	-15.49	-22.05	-33.11	-31.07	-37.49
Interest & Investment Income	2.25	2.91	6.82	48.5	13.93	6.83
Currency Exchange Gain (Loss)	-2.06	-2.06	6.93	2.01	14.29	-3.51
Other Non Operating Income (Expenses)	-4.84	-2.11	-3.53	-2.48	-2.09	2.18
EBT Excluding Unusual Items	200.56	199.14	188.56	132.71	9.89	127.23
Impairment of Goodwill	-	-	-	-0.27	-	-
Gain (Loss) on Sale of Investments	-4.55	-4.7	-	-	-1.55	0.01
Gain (Loss) on Sale of Assets	0.04	0.39	0.81	-0.12	-1.01	-0.99
Asset Writedown	-3.44	-	-7.59	-	-	-
Other Unusual Items	36.67	36.67	37.69	30.04	41	1.93
Pretax Income	229.28	231.5	219.46	162.34	48.33	128.19
Income Tax Expense	23.68	26.05	35.2	26.17	-8.08	0.38
Earnings From Continuing Operations	205.6	205.45	184.26	136.17	56.41	127.81
Minority Interest in Earnings	-3.8	-1.77	5.85	8.21	0.38	-8.59
Net Income	201.8	203.68	190.11	144.38	56.79	119.22
Net Income to Common	201.8	203.68	190.11	144.38	56.79	119.22
Net Income Growth	1.01%	7.14%	31.67%	154.25%	-52.37%	-12.83%
Shares Outstanding (Basic)	259	261	260	263	258	234
Shares Outstanding (Diluted)	259	261	260	263	258	234
Shares Change (YoY)	-1.37%	0.27%	-0.80%	1.70%	10.42%	0.85%
EPS (Basic)	0.78	0.78	0.73	0.55	0.22	0.51
EPS (Diluted)	0.78	0.78	0.73	0.55	0.22	0.51
EPS Growth	2.42%	6.85%	32.73%	150.00%	-56.86%	-13.56%
Free Cash Flow	414.69	272.61	214.18	-4.49	-199.66	-162.16
Free Cash Flow Per Share	1.60	1.04	0.82	-0.02	-0.77	-0.69
Dividend Per Share	0.200	0.200	0.200	0.150	0.050	0.100
Dividend Growth	-	-	33.33%	200.00%	-50.00%	49.93%
Gross Margin	24.02%	23.91%	22.51%	18.36%	13.98%	20.75%
Operating Margin	10.20%	10.15%	9.21%	5.11%	0.75%	8.27%
Profit Margin	9.38%	9.58%	8.74%	6.27%	2.87%	6.19%
Free Cash Flow Margin	19.27%	12.82%	9.85%	-0.19%	-10.08%	-8.43%
EBITDA	320.66	316.27	297.6	204.2	92.14	225.19
EBITDA Margin	14.90%	14.88%	13.68%	8.87%	4.65%	11.70%
D&A For EBITDA	101.18	100.38	97.21	86.41	77.32	65.97
EBIT	219.48	215.89	200.39	117.79	14.82	159.22
EBIT Margin	10.20%	10.15%	9.21%	5.11%	0.75%	8.27%
Effective Tax Rate	10.33%	11.25%	16.04%	16.12%	-	0.29%
Revenue as Reported	2,152	2,126	2,175	2,303	1,981	1,925
Advertising Expenses	-	0.85	1.1	1.46	-	0.12

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