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 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 4,293.1 | 3,305.8 | 3,391.8 | 3,289.6 | 2,826.9 | 2,561.6 | 2,232.7 | 1,617.2 |
Revenue growth | 29.9% | -2.5% | 3.1% | 16.4% | 10.4% | 14.7% | 38.1% | 51.9% |
Cost of goods sold | 2,168.9 | 1,504.0 | 1,610.8 | 1,564.2 | 1,407.4 | -1,846.3 | 112.8 | 88.7 |
Gross profit | 2,124.2 | 1,801.8 | 1,781.0 | 1,725.4 | 1,419.5 | 4,407.9 | 2,119.9 | 1,528.5 |
Gross margin | 49.5% | 54.5% | 52.5% | 52.5% | 50.2% | 172.1% | 94.9% | 94.5% |
Sales and marketing | 437.1 | 271.7 | 331.3 | 412.7 | 320.5 | 322.7 | 263.8 | 147.3 |
General and administrative | 383.3 | 277.9 | 296.5 | 280.1 | 246.8 | 1,534.9 | 170.9 | 151.6 |
EBIT | 1,500.9 | 1,358.7 | 1,030.8 | 941.0 | 869.2 | 689.6 | 580.1 | 566.7 |
EBIT margin | 35.0% | 41.1% | 30.4% | 28.6% | 30.7% | 26.9% | 26.0% | 35.0% |
Pre-tax income | 1,298.0 | -585.3 | 968.0 | 1,011.6 | 868.8 | 733.5 | 634.8 | 601.6 |
Income taxes | -293.9 | -258.5 | -220.0 | -222.3 | -199.1 | -158.0 | -129.9 | -151.3 |
Tax rate | | 44.2% | | | | | | |
Net income | 1,314.1 | -745.2 | 829.2 | 811.3 | 775.6 | 638.5 | 535.8 | 446.6 |
Net margin | 30.6% | -22.5% | 24.4% | 24.7% | 27.4% | 24.9% | 24.0% | 27.6% |
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Diluted EPS | $38.90 | ($24.02) | $26.81 | $26.42 | $25.65 | $21.26 | $17.77 | $15.82 |
Shares outstanding (diluted) | 33.8 | 31.0 | 30.9 | 30.7 | 30.2 | 30.0 | 30.1 | 28.2 |
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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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