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 | 35,177.2 | 25,214.3 | 22,109.9 | 17,604.5 | 13,060.1 | 9,788.8 | 6,086.5 | 3,903.6 |
Revenue growth | 39.5% | 14.0% | 25.6% | 34.8% | 33.4% | 60.8% | 55.9% | |
Cost of goods sold | 23,816.5 | 19,377.2 | 15,488.8 | 12,239.6 | 8,714.5 | 6,345.9 | 3,998.7 | 2,770.5 |
Gross profit | 11,360.7 | 5,837.1 | 6,621.2 | 5,364.9 | 4,345.6 | 3,442.9 | 2,087.7 | 1,133.0 |
Gross margin | 32.3% | 23.1% | 29.9% | 30.5% | 33.3% | 35.2% | 34.3% | 29.0% |
Selling, general and administrative | 1,875.9 | 1,663.7 | 1,546.2 | 1,210.7 | 780.5 | 706.0 | 591.7 | 534.5 |
EBIT | 4,681.1 | 4,154.9 | 5,067.4 | 4,134.8 | 3,549.4 | 2,700.2 | 1,495.5 | 605.9 |
EBIT margin | 13.3% | 16.5% | 22.9% | 23.5% | 27.2% | 27.6% | 24.6% | 15.5% |
Pre-tax income | 5,739.2 | 5,034.8 | 6,757.1 | 5,336.4 | 3,820.9 | 2,820.3 | 1,752.1 | 602.9 |
Income taxes | 1,005.5 | 689.8 | 1,078.3 | 929.1 | 646.4 | 732.0 | 420.0 | -202.5 |
Tax rate | 17.5% | 13.7% | 16.0% | 17.4% | 16.9% | 26.0% | 24.0% | |
Net income | 4,754.8 | 4,312.2 | 5,674.1 | 4,383.0 | 3,159.7 | 1,920.3 | 1,303.0 | 406.4 |
Net margin | 13.5% | 17.1% | 25.7% | 24.9% | 24.2% | 19.6% | 21.4% | 10.4% |
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Diluted EPS | $5.80 | $5.42 | $7.23 | $5.82 | $4.40 | $3.03 | $2.17 | $0.68 |
Shares outstanding (diluted) | 820.0 | 796.1 | 784.3 | 752.7 | 717.6 | 634.6 | 599.4 | 597.9 |
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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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