Financial Summary (All financials)
| In millions of CNY, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| Revenues | 2,263.0 | 2,147.6 | 1,566.6 |
| Revenue growth | 5.4% | 37.1% | |
| Cost of goods sold | 186.7 | 163.3 | 78.7 |
| Gross profit | 2,076.3 | 1,984.3 | 1,487.8 |
| Gross margin | 91.8% | 92.4% | 95.0% |
| Sales and marketing | 139.9 | 124.2 | 71.0 |
| Research and development | 66.2 | 52.1 | 33.6 |
| General and administrative | 350.0 | 197.1 | 131.4 |
| EBITA | 166.0 | 197.4 | 64.2 |
| EBITA margin | 7.3% | 9.2% | 4.1% |
| Amortization of intangibles | 1.1 | 1.3 | 1.0 |
| EBIT | 165.0 | 196.1 | 63.3 |
| EBIT margin | 7.3% | 9.1% | 4.0% |
| Pre-tax income | 180.6 | 203.9 | 75.4 |
| Income taxes | 84.5 | 64.2 | 37.6 |
| Tax rate | 46.8% | 31.5% | 49.9% |
| Net income | 98.1 | 129.9 | -10.8 |
| Net margin | 4.3% | 6.1% | -0.7% |
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| Diluted EPS | $0.26 | $0.40 | ($0.06) |
| Shares outstanding (diluted) | 381.6 | 323.2 | 171.6 |
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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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