Overview Financials News + Filings Key Docs Ownership
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| 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 |
| | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
| Revenues: |
| Smart Wearable Devices | 3,340.9 | 4,438.1 | 4,193.7 | | | | |
| Wearable products | | | | 2,439.5 | 1,614.5 | | |
| Other | 2,909.3 | 1,995.3 | 1,618.6 | 1,205.8 | 434.4 | | |
| Total revenues [+] | 6,250.1 | 6,433.4 | 5,812.3 | 3,645.3 | 2,048.9 | 14.7 | 896.5 |
| Net interest income | 103.8 | -2.2 | -16.8 | 13.7 | 2.6 | | |
| Other income | | | | 8.8 | 4.6 | 14.7 | |
| Revenue growth [+] | -2.8% | 10.7% | 59.4% | 77.9% | 13813.5% | -98.4% | |
| Smart Wearable Devices | -24.7% | 5.8% | | | | | |
| Wearable products | | | | 51.1% | | | |
| Cost of goods sold | 7,704.4 | 8,814.2 | 7,686.6 | 4,847.0 | 2,909.7 | 2,478.6 | 785.9 |
| Gross profit | -1,454.3 | -2,380.9 | -1,874.3 | -1,201.7 | -860.8 | -2,463.9 | 110.6 |
| Gross margin | -23.3% | -37.0% | -32.2% | -33.0% | -42.0% | -16731.6% | 12.3% |
| Selling, general and administrative [+] | 696.6 | 620.5 | 430.4 | 310.5 | 158.9 | 130.5 | 89.2 |
| Sales and marketing | 438.3 | 358.7 | 182.0 | 96.5 | 44.0 | 27.8 | 19.2 |
| General and administrative | 258.3 | 261.8 | 248.5 | 214.0 | 114.9 | 102.6 | 70.0 |
| Research and development | 515.1 | 538.0 | 430.8 | 263.2 | 153.8 | 132.3 | 61.6 |
| Equity in earnings | 41.0 | -4.7 | -1.1 | 1.7 | 2.8 | -1.8 | |
| Other operating expenses | -2,760.0 | -3,770.1 | -3,342.1 | -2,141.1 | -1,355.5 | -2,740.0 | |
| EBITDA [+] | 186.9 | 253.1 | 622.6 | 373.7 | 188.5 | 14.0 | -39.8 |
| EBITDA growth | -26.2% | -59.3% | 66.6% | 98.2% | 1250.9% | -135.0% | |
| EBITDA margin | 3.0% | 3.9% | 10.7% | 10.3% | 9.2% | 94.8% | -4.4% |
| Depreciation | 35.1 | 14.9 | 9.4 | 5.8 | 3.5 | 2.4 | 0.3 |
| EBITA | 151.7 | 238.1 | 613.2 | 367.9 | 185.0 | 11.6 | -40.1 |
| EBITA margin | 2.4% | 3.7% | 10.5% | 10.1% | 9.0% | 78.5% | -4.5% |
| Amortization of intangibles | 16.8 | 12.2 | 7.8 | 0.4 | 0.2 | | |
| EBIT [+] | 135.0 | 226.0 | 605.4 | 367.5 | 184.8 | 11.6 | -40.1 |
| EBIT growth | -40.3% | -62.7% | 64.7% | 98.9% | 1499.2% | -128.8% | |
| EBIT margin | 2.2% | 3.5% | 10.4% | 10.1% | 9.0% | 78.5% | -4.5% |
| Non-recurring items [+] | | 56.5 | | | | | |
| Unusual expense | | 56.5 | | | | | |
| Interest expense, net [+] | 44.9 | 22.6 | -33.5 | -11.6 | -3.0 | -0.8 | -0.3 |
| Interest expense | 44.9 | 22.6 | | | | | |
| Interest income | | | 33.5 | 11.6 | 3.0 | 0.8 | 0.3 |
| Other income (expense), net [+] | 16.6 | 118.8 | 13.5 | 7.6 | 4.1 | 16.6 | 1.1 |
| Impairment of investments | | | -2.6 | | | | |
| Other | -27.4 | 0.9 | 13.2 | | | | 1.1 |
| Pre-tax income | 106.7 | 265.6 | 652.4 | 386.6 | 191.9 | 28.9 | -38.8 |
| Income taxes | 10.7 | 31.2 | 77.9 | 52.0 | 27.6 | 3.1 | -0.9 |
| Tax rate | 10.1% | 11.7% | 11.9% | 13.5% | 14.4% | 10.7% | 2.3% |
| Minority interest | -0.9 | 1.0 | -1.8 | -3.7 | -0.6 | | |
| Net income | 137.8 | 228.8 | 572.7 | 113.5 | 46.1 | -12.1 | -61.3 |
| Net margin | 2.2% | 3.6% | 9.9% | 3.1% | 2.3% | -82.3% | -6.8% |
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| Basic EPS [+] | $0.55 | $0.92 | $2.35 | $0.54 | $0.68 | ($0.22) | ($1.22) |
| Growth | -40.6% | -60.8% | 338.9% | -21.3% | -412.2% | -82.2% | |
| Diluted EPS [+] | $0.52 | $0.88 | $2.24 | $0.50 | $0.60 | ($0.22) | ($1.22) |
| Growth | -40.7% | -60.7% | 343.7% | -16.6% | -377.3% | -82.2% | |
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| Shares outstanding (basic) [+] | 252.2 | 248.5 | 243.6 | 211.9 | 67.8 | 55.6 | 50.0 |
| Growth | 1.5% | 2.0% | 15.0% | 212.6% | 21.9% | 11.1% | |
| Shares outstanding (diluted) [+] | 264.4 | 260.4 | 256.0 | 225.0 | 76.3 | 55.6 | 50.0 |
| Growth | 1.5% | 1.7% | 13.7% | 195.0% | 37.2% | 11.1% | |
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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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