Financial Summary (All financials)
In millions of CNY, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 24,221.2 | 20,121.1 | 11,335.8 |
Revenue growth | 20.4% | 77.5% | |
Cost of goods sold | 24,936.5 | 26,451.1 | 14,498.0 |
Gross profit | -715.3 | -6,330.0 | -3,162.2 |
Gross margin | -3.0% | -31.5% | -27.9% |
Selling, general and administrative | -47.5 | -16.8 | 2.7 |
EBIT | -762.8 | -6,346.8 | -3,159.5 |
EBIT margin | -3.1% | -31.5% | -27.9% |
Pre-tax income | -800.1 | -6,419.7 | -3,176.9 |
Income taxes | 6.7 | 9.4 | 0.0 |
Tax rate | | | 0.0% |
Net income | -814.4 | -6,717.4 | -3,497.2 |
Net margin | -3.4% | -33.4% | -30.9% |
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Diluted EPS | ($1.26) | ($17.25) | ($54.91) |
Shares outstanding (diluted) | 648.7 | 389.4 | 63.7 |
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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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