Financial Summary (All financials)
In millions of CNY, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 2,059.2 | 1,636.1 | 657.4 | 1,588.0 | 659.1 | 309.1 | 824.5 |
Revenue growth | 25.9% | 148.9% | | 140.9% | 113.2% | -62.5% | |
Cost of goods sold | 2,033.8 | 1,588.4 | 673.7 | 689.3 | 418.9 | 92.7 | 533.4 |
Gross profit | 25.4 | 47.7 | -16.3 | 898.7 | 240.2 | 216.4 | 291.1 |
Gross margin | 1.2% | 2.9% | -2.5% | 56.6% | 36.4% | 70.0% | 35.3% |
Sales and marketing | 236.3 | 222.1 | 339.0 | 1,185.0 | 1,488.7 | 179.3 | 793.5 |
Research and development | 37.7 | 36.2 | 74.1 | 140.0 | 124.5 | | 167.8 |
General and administrative | 164.5 | 151.0 | 277.9 | 402.0 | 1,070.4 | 389.1 | 583.7 |
EBITA | -357.0 | -278.6 | -536.9 | -1,283.3 | -2,480.2 | -381.0 | -1,258.3 |
EBITA margin | -17.3% | -17.0% | -81.7% | -80.8% | -376.3% | -123.2% | -152.6% |
Amortization of intangibles | | 0.0 | 0.1 | 6.9 | 5.6 | 3.7 | 3.2 |
EBIT | -357.0 | -278.6 | -537.0 | -1,290.2 | -2,485.8 | -384.6 | -1,261.5 |
EBIT margin | -17.3% | -17.0% | -81.7% | -81.2% | -377.2% | -124.4% | -153.0% |
Pre-tax income | -147.1 | -143.3 | -732.6 | -1,360.5 | -1,352.7 | -1,272.2 | -1,381.5 |
Income taxes | -0.4 | 0.2 | 0.0 | -2.6 | 1.6 | 0.2 | 1.8 |
Tax rate | 0.2% | | | 0.2% | | | |
Earnings from continuing ops | -892.8 | -143.2 | -717.0 | -1,326.2 | -2,199.7 | -2,294.2 | -1,775.7 |
Earnings from discontinued ops | | | 295.7 | -662.5 | -186.5 | -1,479.0 | |
Net income | -892.8 | -143.2 | -421.2 | -1,988.7 | -2,386.2 | -3,773.2 | -1,775.7 |
Net margin | -43.4% | -8.8% | -64.1% | -125.2% | -362.1% | -1220.6% | -215.4% |
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Diluted EPS | ($0.66) | ($0.11) | ($0.54) | ($1.50) | ($4.60) | ($46.52) | ($36.11) |
Shares outstanding (diluted) | 1,344.5 | 1,354.5 | 1,330.9 | 886.6 | 477.8 | 49.3 | 49.2 |
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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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