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 |
| Revenues | 19,383.7 | 11,999.0 | 6,777.9 | 4,128.9 | 2,468.4 | 523.3 |
| Revenue growth | 61.5% | 77.0% | 64.2% | 67.3% | 371.7% | |
| Cost of goods sold | 15,340.5 | 9,158.8 | 5,587.7 | 3,273.5 | 1,919.2 | 772.8 |
| Gross profit | 4,043.1 | 2,840.2 | 1,190.2 | 855.4 | 549.2 | -249.5 |
| Gross margin | 20.9% | 23.7% | 17.6% | 20.7% | 22.2% | -47.7% |
| Sales and marketing | 5,794.9 | 3,492.1 | 1,198.5 | 585.8 | 232.5 | 102.7 |
| Research and development | 2,839.9 | 1,513.0 | 894.4 | 537.5 | 280.1 | 91.2 |
| General and administrative | 1,837.5 | 976.1 | 592.5 | 461.2 | 260.9 | 451.3 |
| EBITA | -4,525.8 | -1,745.8 | -589.6 | -186.2 | 36.3 | -752.0 |
| EBITA margin | -23.3% | -14.5% | -8.7% | -4.5% | 1.5% | -143.7% |
| Amortization of intangibles | 1,903.2 | 1,395.1 | 905.6 | 542.7 | 260.6 | 142.7 |
| EBIT | -6,429.1 | -3,141.0 | -1,495.2 | -729.0 | -224.3 | -894.7 |
| EBIT margin | -33.2% | -26.2% | -22.1% | -17.7% | -9.1% | -171.0% |
| Pre-tax income | -6,808.7 | -3,054.0 | -1,303.6 | -565.0 | -183.8 | -908.4 |
| Income taxes | -95.3 | -53.4 | -35.9 | -26.0 | -8.9 | 3.1 |
| Tax rate | 1.4% | 1.7% | 2.8% | 4.6% | 4.8% | |
| Net income | -6,789.2 | -3,011.7 | -1,289.0 | -616.3 | -571.5 | -1,185.2 |
| Net margin | -35.0% | -25.1% | -19.0% | -14.9% | -23.2% | -226.5% |
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| Diluted EPS | ($8.94) | ($4.35) | ($1.99) | ($1.32) | ($8.17) | ($20.42) |
| Shares outstanding (diluted) | 759.8 | 691.6 | 646.3 | 466.1 | 69.9 | 58.0 |
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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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