Financial Summary (All financials)
| In millions of CNY, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| Revenues | 13,293.0 | 7,965.3 | 4,033.4 | 3,024.9 | 840.7 |
| Revenue growth | 66.9% | 97.5% | 33.3% | 259.8% | |
| Cost of goods sold | 9,493.4 | 6,410.8 | 4,622.0 | 3,731.0 | 1,206.3 |
| Gross profit | 3,799.6 | 1,554.5 | -588.6 | -706.1 | -365.6 |
| Gross margin | 28.6% | 19.5% | -14.6% | -23.3% | -43.5% |
| Sales and marketing | 570.1 | 336.9 | 462.1 | 812.6 | 746.0 |
| General and administrative | 1,459.6 | 1,270.0 | 981.6 | 1,072.3 | 379.7 |
| EBIT | 1,378.0 | -517.7 | -2,515.8 | -3,002.9 | -1,598.0 |
| EBIT margin | 10.4% | -6.5% | -62.4% | -99.3% | -190.1% |
| Pre-tax income | 1,126.8 | 514.8 | -6,240.8 | -3,159.1 | -1,619.2 |
| Income taxes | 638.5 | -63.9 | -637.8 | 1.4 | 0.0 |
| Tax rate | 56.7% | | 10.2% | | 0.0% |
| Net income | 488.2 | 578.5 | -5,589.1 | -3,712.6 | -3,190.3 |
| Net margin | 3.7% | 7.3% | -138.6% | -122.7% | -379.5% |
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| Diluted EPS | $0.19 | $0.27 | ($2.76) | ($2.31) | ($4.32) |
| Shares outstanding (diluted) | 2,516.3 | 2,135.8 | 2,021.9 | 1,609.2 | 739.0 |
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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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