Financial Summary (All financials)
In millions of CNY, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | -3.5 | -13.0 | 1,696.7 | 3,401.0 | 3,392.7 | 3,641.8 | 3,634.4 | 2,876.4 |
Revenue growth | -73.2% | -100.8% | -50.1% | 0.2% | -6.8% | 0.2% | 26.3% | 46.3% |
Cost of goods sold | -1,441.5 | -1,089.0 | 53.7 | 2,456.2 | 2,634.3 | 2,929.6 | 2,780.6 | 2,066.3 |
Gross profit | 1,438.0 | 1,076.0 | 1,643.0 | 944.9 | 758.4 | 712.1 | 853.8 | 810.1 |
Gross margin | -41145.4% | -8258.0% | 96.8% | 27.8% | 22.4% | 19.6% | 23.5% | 28.2% |
Sales and marketing | 255.4 | 235.0 | 206.3 | 172.2 | 256.7 | 352.9 | 359.5 | 287.2 |
Research and development | 188.5 | 112.9 | 88.8 | 92.1 | 149.1 | 149.3 | 142.8 | 121.7 |
General and administrative | 842.4 | 535.1 | 415.3 | 462.6 | 520.0 | 639.6 | 568.7 | 483.4 |
EBITA | 312.7 | 281.8 | 202.7 | 133.8 | -310.4 | -134.3 | -91.1 | 12.3 |
EBITA margin | -8947.2% | -2162.6% | 11.9% | 3.9% | -9.1% | -3.7% | -2.5% | 0.4% |
Amortization of intangibles | 94.8 | 72.7 | 71.0 | 68.1 | 143.6 | 184.0 | 184.1 | 127.7 |
EBIT | 218.0 | 209.1 | 131.7 | 65.6 | -454.0 | -318.3 | -275.2 | -115.4 |
EBIT margin | -6236.1% | -1604.7% | 7.8% | 1.9% | -13.4% | -8.7% | -7.6% | -4.0% |
Pre-tax income | 626.5 | -2,570.9 | -175.8 | -162.3 | -1,007.8 | -943.1 | -353.4 | -311.8 |
Income taxes | 111.4 | 109.3 | 5.4 | 24.4 | -90.2 | -11.2 | 47.8 | 16.7 |
Tax rate | 17.8% | | | | 8.9% | 1.2% | | |
Net income | 500.1 | -2,709.3 | -182.3 | -205.1 | -772.7 | -633.6 | -428.1 | -348.5 |
Net margin | -14309.0% | 20793.1% | -10.7% | -6.0% | -22.8% | -17.4% | -11.8% | -12.1% |
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Diluted EPS | $0.55 | ($3.78) | ($0.27) | ($0.30) | ($1.15) | ($1.03) | ($0.87) | ($0.87) |
Shares outstanding (diluted) | 911.6 | 716.9 | 668.8 | 674.7 | 672.8 | 617.2 | 492.1 | 401.3 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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