Ideals lose less, Xiaopeng sells more, and Weilai has a high income, all of which are winners.
Wen 丨 wisdom driving network Wang Shuoqi
At the end of March every year, the annual financial statements of various listed companies for the past year are published.
As of March 28th, Ideal, Weilai, and Xiaopeng also announced their own financial reports in order, but in terms of time, Ideal was faster than Xiaopeng and Weilai for nearly a month, whether it was sales or annual reports, usually first out, can show more confidence.
Yes, the ideal key indicator is ahead of the other two, and more importantly, the ideal is already within easy reach of profitability.
In terms of sales, the ideal is the least of the three, but the growth rate of the ideal sales is the largest, and it is only achieved by relying on a single model.
However, the sales gap between the three companies is not much different, they are in the range of 90,000-100,000, and the average selling price of Xiaopeng is the lowest, becoming the highest selling car company among the three last year.
In the case of similar sales, the revenue and the average selling price are ranked the same, WEILAI has the highest revenue, but Xiaopeng's revenue growth rate is the highest, which has a lot to do with the monthly delivery of P7 single models.
Looking at the profit of the bicycle, the ideal is more than 20% with Weilai, but the reasons for their high gross profit are different, the ideal is because the battery is small, and the weilai is because the price is high.
The profit of Xiaopeng is only 11.5%, which is similar to that of mature car companies.
But the most surprising thing is that the ideal net loss is only 300 million yuan, compared with the loss of 4-5 billion yuan of Xiaopeng and Weilai, it is simply on the verge of profit.
Even subtracting the difference in R&D costs is the same result, and the ideal second car is on the agenda.
It can be said that the ideal choice of technical route is still enjoying dividends.
It is now March, and the more important thing is to look ahead, and the three new forces have more plans for the future.
Ideal expects vehicle deliveries of 30,000 to 32,000 units in the first quarter, up 138.5% from the first quarter of 2021 to 154.4%, with total revenue of RMB8.84 billion (US$1.39 billion) to RMB9.43 billion (US$1.48 billion), an increase of 147.2% to 163.7% from the first quarter of 2021.
Xiaopeng's outlook for the first quarter is that vehicle deliveries will range from 33,500 to 34,000 units, up approximately 151.1% to 154.9% year-on-year, and total revenue will range from RMB7.2 billion to RMB7.3 billion, representing an increase of approximately 144.0% to 147.4% year-on-year.
In this way, the ideal is highly consistent with Xiaopeng's first quarter goal, but Weilai is somewhat different.
NIO's forecast for the first quarter will deliver 25,000-26,000 new vehicles, an increase of 24.6% to 29.6% year-on-year. Total revenue will reach between $9,631 million ($1,511 million) and $9,987 million ($1,667 million), an increase of approximately 20.6% to 25.1% year-on-year.
It can be seen that Weilai does not have too high expectations for the current growth, and what Weilai wants to emphasize is still the core competitiveness of the service and energy replenishment network.
Up to now, NIO has built 46 NIO centers and 341 NIO spaces, covering 155 cities; at the same time, 60 NIO service centers and 179 authorized service centers have been built, covering a total of 146 cities.
While the sales and service network is rapidly expanding, it constantly optimizes the network layout and improves the efficiency of single-point operation, and always maintains a high-quality user service level.
In 2022, NIO will continue to expand its sales and service network in China, and plans to add no less than 100 new sales outlets throughout the year, adding more than 50 NIO service centers and authorized service centers.
Today, NIO's ET7 has also officially opened delivery, and with the final launch of ET5 on the market, models have gradually entered the 300,000 range, and the value of NIO's rapid sales growth and high profits can be reflected, and the high service cost can be shared.
In 2022, the first quarter, the new forces met the lithium battery, still lack of chips, financing channels are almost non-existent, it can be said that it is more difficult, the three traditional sense of the head of the new forces in the financial report data also have their own difficulties, Weilai sales growth is difficult, Xiaopeng vehicle profits are small, ideal model research and development is slow, but these factors can not affect the three financial reports is still a positive development, losses continue to narrow, but the ideal performance is more prominent, sales continue to increase, but Xiaopeng increases faster, New models and cash flow are constantly expanding, but NIO is progressing faster.
The three car companies are at different stages, facing different difficulties, with different progress, and have handed in answer sheets with their own characteristics.
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