Financial Summary (All financials)
| In millions of CNY, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| Revenues | 3,168.6 | 3,704.5 | 2,444.3 | 2,076.3 | 1,477.8 | 769.4 | 354.8 |
| Revenue growth | -14.5% | 51.6% | 17.7% | 40.5% | 92.1% | 116.8% | |
| Cost of goods sold | 2,498.9 | 2,891.8 | 1,885.2 | 1,589.7 | 1,279.2 | 714.7 | 367.6 |
| Gross profit | 669.7 | 812.8 | 559.1 | 486.6 | 198.6 | 54.7 | -12.8 |
| Gross margin | 21.1% | 21.9% | 22.9% | 23.4% | 13.4% | 7.1% | -3.6% |
| Sales and marketing | 440.4 | 332.0 | 200.8 | 182.9 | 150.2 | 83.1 | 89.8 |
| Research and development | 176.5 | 135.2 | 105.3 | 67.2 | 91.8 | 39.5 | 33.1 |
| General and administrative | 158.5 | 141.8 | 104.9 | 79.6 | 272.5 | 74.8 | 90.8 |
| EBITA | -87.3 | 254.4 | 172.6 | 189.2 | -312.3 | -141.1 | -225.8 |
| EBITA margin | -2.8% | 6.9% | 7.1% | 9.1% | -21.1% | -18.3% | -63.6% |
| Amortization of intangibles | 1.9 | 1.9 | 2.0 | 2.5 | 2.1 | 0.7 | 0.7 |
| EBIT | -89.3 | 252.5 | 170.6 | 186.7 | -314.4 | -141.8 | -226.5 |
| EBIT margin | -2.8% | 6.8% | 7.0% | 9.0% | -21.3% | -18.4% | -63.8% |
| Pre-tax income | -71.2 | 272.9 | 189.7 | 198.3 | -349.0 | -184.7 | -232.7 |
| Income taxes | -21.8 | 47.0 | 21.1 | 8.2 | 0.0 | 0.0 | 0.0 |
| Tax rate | 30.5% | 17.2% | 11.1% | 4.1% | 0.0% | 0.0% | 0.0% |
| Net income | -49.5 | 225.8 | 168.7 | 190.1 | -349.0 | -184.7 | -232.7 |
| Net margin | -1.6% | 6.1% | 6.9% | 9.2% | -23.6% | -24.0% | -65.6% |
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| Diluted EPS | ($0.32) | $0.73 | $0.56 | $0.64 | ($5.30) | ($7.02) | ($22.35) |
| Shares outstanding (diluted) | 155.2 | 307.3 | 301.8 | 298.1 | 65.8 | 26.3 | 10.4 |
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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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