Financial Summary (All financials)
| In millions of CNY, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| Revenues | 11,351.4 | 10,914.4 | 8,374.5 | 4,663.4 | 2,184.8 |
| Revenue growth | 4.0% | 30.3% | 79.6% | 113.4% | |
| Cost of goods sold | -274.7 | -194.2 | -79.4 | -38.9 | -9.6 |
| Gross profit | 11,626.2 | 11,108.5 | 8,453.9 | 4,702.4 | 2,194.4 |
| Gross margin | 102.4% | 101.8% | 100.9% | 100.8% | 100.4% |
| Sales and marketing | 759.5 | 558.0 | 438.4 | 189.2 | 87.3 |
| Research and development | 818.9 | 734.3 | 508.7 | 265.2 | 170.2 |
| General and administrative | 326.8 | 445.0 | 352.8 | 287.7 | 102.0 |
| EBITA | 388.3 | 797.7 | 275.7 | 148.2 | -94.2 |
| EBITA margin | 3.4% | 7.3% | 3.3% | 3.2% | -4.3% |
| Amortization of intangibles | 39.2 | 44.4 | 17.1 | 8.2 | 0.8 |
| EBIT | 349.0 | 753.4 | 258.6 | 140.0 | -95.0 |
| EBIT margin | 3.1% | 6.9% | 3.1% | 3.0% | -4.3% |
| Pre-tax income | 259.5 | 1,032.5 | 567.0 | -2,102.0 | -80.8 |
| Income taxes | 55.2 | 176.8 | 96.1 | -50.9 | 0.2 |
| Tax rate | 21.3% | 17.1% | 16.9% | 2.4% | |
| Net income | 583.5 | 884.2 | 468.2 | -2,506.3 | -100.8 |
| Net margin | 5.1% | 8.1% | 5.6% | -53.7% | -4.6% |
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| Diluted EPS | $2.41 | $3.71 | $2.02 | ($15.02) | ($1.01) |
| Shares outstanding (diluted) | 241.8 | 238.6 | 232.0 | 166.8 | 100.0 |
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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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