Financial Summary (All financials)
| In millions of CNY, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| Revenues | 4,657.0 | 2,580.8 | 2,473.1 |
| Revenue growth | 80.4% | 4.4% | |
| Cost of goods sold | 2,540.0 | 1,316.0 | 1,389.9 |
| Gross profit | 2,117.0 | 1,264.8 | 1,083.2 |
| Gross margin | 45.5% | 49.0% | 43.8% |
| Sales and marketing | 837.3 | 454.3 | 403.1 |
| Research and development | 729.7 | 413.4 | 396.7 |
| General and administrative | 4,271.2 | 3,938.6 | 1,189.4 |
| EBITA | -3,645.7 | -3,556.6 | -267.5 |
| EBITA margin | -78.3% | -137.8% | -10.8% |
| Amortization of intangibles | 50.0 | 47.0 | 44.5 |
| EBIT | -3,695.7 | -3,603.6 | -312.0 |
| EBIT margin | -79.4% | -139.6% | -12.6% |
| Pre-tax income | -3,640.3 | -3,451.6 | -1,556.3 |
| Income taxes | 14.2 | 19.3 | -14.7 |
| Tax rate | | | 0.9% |
| Earnings from continuing ops | -4,172.9 | -3,591.0 | -1,541.7 |
| Earnings from discontinued ops | | 0.5 | 18.0 |
| Net income | -4,172.9 | -3,590.6 | -1,523.7 |
| Net margin | -89.6% | -139.1% | -61.6% |
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| Diluted EPS | ($0.31) | ($1.05) | ($0.47) |
| Shares outstanding (diluted) | 13,446.0 | 3,423.7 | 3,299.7 |
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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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