ECARX Holdings Inc. (ECX)

ECARX Holdings 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	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,846	5,561	4,700	3,562	2,779	2,241
Revenue Growth (YoY)	19.98%	18.33%	31.94%	28.17%	24.01%	-
Cost of Revenue	4,653	4,407	3,427	2,568	1,962	1,690
Gross Profit	1,192	1,154	1,273	993.88	817.06	551.39
Selling, General & Admin	778.43	800.03	951.58	1,341	607.87	275.65
Research & Development	1,217	1,235	1,234	1,302	1,210	706.02
Other Operating Expenses	-0.46	-0.46	-5.33	-20.91	-0.21	0.2
Operating Expenses	1,995	2,035	2,180	2,622	1,817	981.87
Operating Income	-802.55	-880.55	-907.51	-1,628	-1,000	-430.48
Interest Expense	-146.76	-133.76	-79.31	-44.54	-131.59	-59.13
Interest & Investment Income	21.28	22.18	30.5	13.82	13.66	28.48
Earnings From Equity Investments	60.03	40.33	-43.07	-71.93	-3.89	0.15
Currency Exchange Gain (Loss)	-10.71	-7.61	-10.64	-18.22	18.32	54.84
Other Non Operating Income (Expenses)	45.54	16.74	23.56	56.15	-76.79	-33.64
EBT Excluding Unusual Items	-833.18	-942.68	-986.45	-1,693	-1,180	-439.78
Gain (Loss) on Sale of Investments	-44.02	-44.02	-22.45	42.89	-	-
Gain (Loss) on Sale of Assets	-	-	-	71.97	10.58	-
Asset Writedown	-1.69	-1.69	-10.24	-	-	-
Pretax Income	-878.89	-988.39	-1,019	-1,578	-1,170	-439.78
Income Tax Expense	3.88	1.48	-3.64	29.07	6.86	0.23
Earnings From Continuing Operations	-882.77	-989.87	-1,015	-1,607	-1,177	-440
Minority Interest in Earnings	48.86	57.56	74.99	42.98	2.8	0.35
Net Income	-833.92	-932.32	-940.51	-1,564	-1,174	-439.66
Preferred Dividends & Other Adjustments	-	-	-	354.88	244.87	101.29
Net Income to Common	-833.92	-932.32	-940.51	-1,919	-1,419	-540.95
Shares Outstanding (Basic)	338	337	337	239	237	239
Shares Outstanding (Diluted)	338	337	337	239	237	239
Shares Change (YoY)	0.52%	-0.23%	41.00%	1.10%	-0.80%	-
EPS (Basic)	-2.47	-2.77	-2.79	-8.02	-5.99	-2.27
EPS (Diluted)	-2.47	-2.77	-2.79	-8.02	-5.99	-2.27
Free Cash Flow	-	-544.93	-1,295	-618.62	-993.02	-437.16
Free Cash Flow Per Share	-	-1.62	-3.84	-2.58	-4.20	-1.83
Gross Margin	20.40%	20.75%	27.08%	27.90%	29.40%	24.60%
Operating Margin	-13.73%	-15.83%	-19.31%	-45.71%	-35.99%	-19.21%
Profit Margin	-14.27%	-16.76%	-20.01%	-53.87%	-51.05%	-24.14%
Free Cash Flow Margin	-	-9.80%	-27.56%	-17.37%	-35.73%	-19.51%
EBITDA	-638.68	-732.3	-821.71	-1,554	-956.91	-392
EBITDA Margin	-10.93%	-13.17%	-17.48%	-43.62%	-34.43%	-17.49%
D&A For EBITDA	163.87	148.26	85.8	74.56	43.27	38.48
EBIT	-802.55	-880.55	-907.51	-1,628	-1,000	-430.48
EBIT Margin	-13.73%	-15.83%	-19.31%	-45.71%	-35.99%	-19.21%
Revenue as Reported	5,846	5,561	4,700	3,562	2,779	2,241
Advertising Expenses	-	30.66	17.65	11.8	13.67	5.14

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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