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 | Dec-31-15 |
| Revenues | 9,325.6 | 7,818.7 | 5,739.0 | 4,122.4 | 2,792.1 | 1,616.2 | 1,056.0 | 703.6 |
| Revenue growth | 19.3% | 36.2% | 39.2% | 47.6% | 72.8% | 53.1% | 50.1% | 50.2% |
| Cost of goods sold | 7,389.8 | 6,039.3 | 4,188.5 | 3,079.7 | 2,169.6 | 1,207.7 | 790.3 | 515.0 |
| Gross profit | 1,935.9 | 1,779.4 | 1,550.5 | 1,042.7 | 622.4 | 408.5 | 265.7 | 188.6 |
| Gross margin | 20.8% | 22.8% | 27.0% | 25.3% | 22.3% | 25.3% | 25.2% | 26.8% |
| Sales and marketing | 150.4 | 148.6 | 134.9 | 129.9 | 110.6 | 90.1 | 71.6 | 57.6 |
| Research and development | 35.8 | 39.3 | 40.0 | 21.6 | 13.9 | 7.3 | 9.1 | 3.6 |
| General and administrative | 1,185.1 | 1,022.0 | 702.5 | 411.4 | 329.6 | 228.9 | 227.4 | 128.7 |
| EBITA | 799.8 | 762.0 | 741.6 | 538.1 | 221.3 | 107.3 | -28.5 | 7.7 |
| EBITA margin | 8.6% | 9.7% | 12.9% | 13.1% | 7.9% | 6.6% | -2.7% | 1.1% |
| Amortization of intangibles | 235.3 | 192.5 | 68.7 | 58.3 | 53.0 | 25.1 | 13.9 | 8.9 |
| EBIT | 564.5 | 569.5 | 672.9 | 479.8 | 168.4 | 82.2 | -42.4 | -1.2 |
| EBIT margin | 6.1% | 7.3% | 11.7% | 11.6% | 6.0% | 5.1% | -4.0% | -0.2% |
| Pre-tax income | -989.9 | -948.8 | -548.4 | -426.4 | -439.7 | -333.0 | -284.7 | -110.6 |
| Income taxes | 276.2 | 242.5 | 120.8 | 15.7 | -9.4 | -6.1 | -8.3 | -12.0 |
| Tax rate | | | | | 2.1% | 1.8% | 2.9% | 10.8% |
| Net income | -1,509.9 | -1,313.9 | -737.7 | -500.2 | -430.3 | -326.9 | -403.4 | -216.6 |
| Net margin | -16.2% | -16.8% | -12.9% | -12.1% | -15.4% | -20.2% | -38.2% | -30.8% |
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| Diluted EPS | ($1.03) | ($0.90) | ($0.59) | ($0.45) | ($0.43) | ($0.42) | ($1.35) | ($0.99) |
| Shares outstanding (diluted) | 1,464.4 | 1,452.9 | 1,253.6 | 1,103.0 | 990.3 | 784.6 | 299.1 | 218.0 |
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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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