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 | Dec-31-17 | Dec-31-16 |
| Revenues | 13,516.7 | 12,425.9 | 8,203.2 | 3,952.1 | 1,786.0 | 959.5 | 1,312.2 |
| Revenue growth | 8.8% | 51.5% | 107.6% | 121.3% | 86.1% | -26.9% | |
| Cost of goods sold | 13,078.1 | 12,160.6 | 8,064.3 | 3,915.9 | 73.9 | 55.9 | 864.7 |
| Gross profit | 438.6 | 265.3 | 138.9 | 36.2 | 1,712.0 | 903.6 | 447.6 |
| Gross margin | 3.2% | 2.1% | 1.7% | 0.9% | 95.9% | 94.2% | 34.1% |
| Sales and marketing | 457.9 | 513.1 | 399.6 | 340.6 | 260.0 | 190.1 | 252.8 |
| General and administrative | 345.1 | 396.3 | 220.3 | 185.4 | 170.0 | 101.6 | 122.6 |
| EBITA | -369.3 | -640.4 | -471.5 | -493.5 | -400.4 | -254.0 | -363.6 |
| EBITA margin | -2.7% | -5.2% | -5.7% | -12.5% | -22.4% | -26.5% | -27.7% |
| Amortization of intangibles | 1.7 | 1.7 | 1.8 | | | | 0.7 |
| EBIT | -371.0 | -642.1 | -473.3 | -493.5 | -400.4 | -254.0 | -364.3 |
| EBIT margin | -2.7% | -5.2% | -5.8% | -12.5% | -22.4% | -26.5% | -27.8% |
| Pre-tax income | -376.1 | -621.0 | -467.1 | -501.8 | -382.0 | -249.3 | -363.4 |
| Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | | 0.0% | 0.0% |
| Net income | -416.9 | -669.8 | -456.5 | -499.6 | -380.1 | -248.6 | -418.0 |
| Net margin | -3.1% | -5.4% | -5.6% | -12.6% | -21.3% | -25.9% | -31.9% |
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| Diluted EPS | ($2.50) | ($4.04) | ($2.77) | ($3.05) | ($3.82) | ($3.45) | ($5.81) |
| Shares outstanding (diluted) | 166.6 | 165.9 | 164.8 | 163.7 | 99.5 | 72.0 | 72.0 |
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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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