Financial Summary (All financials)
| In millions of CNY, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| Revenues | 80,752.4 | 70,481.0 | 46,014.9 | 28,646.5 |
| Revenue growth | 14.6% | 53.2% | 60.6% | |
| Cost of goods sold | 64,933.0 | 53,621.1 | 34,746.9 | 21,776.5 |
| Gross profit | 15,819.4 | 16,859.9 | 11,268.0 | 6,870.0 |
| Gross margin | 19.6% | 23.9% | 24.5% | 24.0% |
| Sales and marketing | 4,309.1 | 3,715.3 | 3,105.9 | 2,489.7 |
| Research and development | 3,194.0 | 2,477.9 | 1,571.2 | 670.9 |
| General and administrative | 8,924.5 | 7,588.8 | 8,376.5 | 4,927.4 |
| EBITA | -117.1 | 3,699.0 | -1,308.2 | -1,079.1 |
| EBITA margin | -0.1% | 5.2% | -2.8% | -3.8% |
| Amortization of intangibles | 491.0 | 621.2 | 477.3 | 138.9 |
| EBIT | -608.2 | 3,077.9 | -1,785.5 | -1,218.0 |
| EBIT margin | -0.8% | 4.4% | -3.9% | -4.3% |
| Pre-tax income | 1,140.7 | 4,387.1 | -1,275.8 | -499.1 |
| Income taxes | 1,665.5 | 1,608.8 | 904.4 | -71.4 |
| Tax rate | 146.0% | 36.7% | | 14.3% |
| Net income | -524.1 | 720.5 | -4,050.1 | -2,386.0 |
| Net margin | -0.6% | 1.0% | -8.8% | -8.3% |
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| Diluted EPS | ($0.15) | $0.32 | ($2.94) | ($1.75) |
| Shares outstanding (diluted) | 3,549.1 | 2,267.3 | 1,378.2 | 1,362.6 |
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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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