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 |
Revenues | 8,873.1 | 7,906.7 | 9,456.7 | 4,676.4 | 5,582.2 | 4,338.7 | 2,524.9 |
Revenue growth | 12.2% | -16.4% | 102.2% | -16.2% | 28.7% | 71.8% | |
Cost of goods sold | 1,760.0 | 1,907.5 | 4,452.1 | 4,585.0 | 4,262.1 | 3,736.7 | 5,652.4 |
Gross profit | 7,113.1 | 5,999.2 | 5,004.6 | 91.5 | 1,320.1 | 602.0 | -3,127.5 |
Gross margin | 80.2% | 75.9% | 52.9% | 2.0% | 23.6% | 13.9% | -123.9% |
Sales and marketing | 1,658.9 | 1,274.4 | 1,538.7 | 590.0 | 405.5 | 376.3 | 243.5 |
Research and development | | | | 320.2 | 235.3 | 127.3 | 40.4 |
General and administrative | | | | 279.9 | 203.6 | 87.4 | 41.0 |
EBITA | 4,468.7 | 3,830.7 | 2,637.8 | 2,112.1 | 1,389.8 | 539.5 | -226.9 |
EBITA margin | 50.4% | 48.4% | 27.9% | 45.2% | 24.9% | 12.4% | -9.0% |
Amortization of intangibles | 34.4 | 31.5 | | | | | |
EBIT | 4,434.3 | 3,799.2 | 2,637.8 | 2,112.1 | 1,389.8 | 539.5 | -226.9 |
EBIT margin | 50.0% | 48.1% | 27.9% | 45.2% | 24.9% | 12.4% | -9.0% |
Pre-tax income | 2,769.5 | 685.6 | 2,706.5 | 2,109.5 | 474.6 | -59.7 | -399.1 |
Income taxes | 435.4 | 90.6 | 412.0 | 132.2 | 234.2 | 58.3 | -88.9 |
Tax rate | 15.7% | 13.2% | 15.2% | 6.3% | 49.4% | | 22.3% |
Net income | 0.0 | 0.0 | 0.0 | 1,977.3 | 26.0 | -222.9 | -361.7 |
Net margin | 0.0% | 0.0% | 0.0% | 42.3% | 0.5% | -5.1% | -14.3% |
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Diluted EPS | $0.00 | $0.00 | $0.00 | $5.45 | $0.18 | ($2.01) | ($3.27) |
Shares outstanding (diluted) | 415.0 | 411.2 | 375.8 | 362.8 | 140.9 | 110.6 | 110.6 |
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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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