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 | 6,561.7 | 7,124.7 | 2,114.9 | 397.3 | 97.6 |
| Revenue growth | -7.9% | 236.9% | 432.3% | 307.2% | |
| Cost of goods sold | 2,397.6 | 1,762.5 | 535.9 | 142.8 | 25.0 |
| Gross profit | 4,164.1 | 5,362.2 | 1,578.9 | 254.6 | 72.6 |
| Gross margin | 63.5% | 75.3% | 74.7% | 64.1% | 74.4% |
| Sales and marketing | 5,129.3 | 5,816.2 | 1,040.9 | 121.5 | 75.3 |
| Research and development | 1,252.9 | 734.5 | 212.2 | 74.1 | 52.5 |
| General and administrative | 720.3 | 566.6 | 110.1 | 39.8 | 37.2 |
| EBITA | -2,935.2 | -1,754.3 | 217.2 | 20.2 | -92.6 |
| EBITA margin | -44.7% | -24.6% | 10.3% | 5.1% | -94.9% |
| Amortization of intangibles | 3.3 | 0.7 | 0.1 | 0.2 | |
| EBIT | -2,938.6 | -1,755.0 | 217.1 | 20.0 | -92.6 |
| EBIT margin | -44.8% | -24.6% | 10.3% | 5.0% | -94.9% |
| Pre-tax income | -3,062.2 | -1,427.6 | 242.2 | 21.4 | -91.4 |
| Income taxes | 40.9 | -34.6 | 17.0 | 2.6 | -4.6 |
| Tax rate | | 2.4% | 7.0% | 12.2% | 5.1% |
| Net income | -3,103.5 | -1,392.9 | 188.2 | -19.3 | -125.9 |
| Net margin | -47.3% | -19.6% | 8.9% | -4.9% | -129.0% |
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| Diluted EPS | ($18.17) | ($8.72) | $1.35 | ($0.21) | ($1.36) |
| Shares outstanding (diluted) | 170.8 | 159.7 | 139.5 | 92.2 | 92.2 |
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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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