In the new energy vehicle industry, there is a new story every quarter, and the latest chapter - Cialis surpasses the ideal, and Zeekr surpasses NIO.
According to the company's financial report and production and sales data, let's briefly talk about these two "overtaking stories".
Let's take a look at how ZEEKR surpasses NIO.
1. Sales volume
According to Zeekr's recently released first-quarter results, the delivery volume in the first quarter was 33,059 vehicles.
The update on ZEEKR's delivery volume also shows that 16,089 vehicles were delivered in April and 18,616 vehicles were delivered in May, for a total of 67,764 vehicles delivered in five months.
According to NIO's latest delivery data, 30,053 vehicles were delivered in the first quarter, with a total of 66,217 vehicles in five months.
This means that by the end of May, ZEEKR had delivered more than 1,500 vehicles than NIO.
2. Performance
According to the first quarter financial report, ZEEKR's total revenue was 14.7 billion, automobile sales were 8.17 billion, gross profit margin was 14%, and the loss was 2.086 billion.
In the first quarter, NIO's total revenue was 9.9 billion, automobile sales were 8.3 billion, gross profit margin was 9.2%, and the loss was 5.2 billion.
It means that in the first quarter, the sales revenue of NIO was slightly higher than that of ZEEKR, but the revenue of automotive batteries and related services was much higher than that of ZEEKR.
Moreover, the gross profit margin of ZEEKR's cars is much higher than that of NIO, and the loss is less than half of NIO.
3. Cost situation
Why does NIO lose so much?
In addition to the gross profit of automobiles, NIO's operating expenses are larger than those of ZEEKR.
In the first quarter, NIO's R&D expenses were 2.86 billion yuan, and Zeekr's was 1.93 billion yuan.
In the first quarter, NIO's sales + administrative expenses were 3 billion, and Zeekr's was 1.95 billion.
Comparing the operating expenses of the two companies, it can also be seen that in addition to the recent strategic adjustments of the two companies.
NIO's R&D in the first quarter was "reducing staff and reducing costs" year-on-year and quarter-on-quarter, while sales + administrative expenses increased year-on-year, mainly due to "sales and service network expansion", which NIO internally calls "sales improvement".
ZEEKR's R&D, sales + administrative expenses in the first quarter increased year-on-year due to the increase in the number of employees and compensation.
A short summary of the story. ZEEKR has caught up with NIO, but the gap between them has not yet widened. What they need to pay attention to the most should be the straight overtaking of Xiaomi cars. Next, let's see how Cialis outtakes Li Auto. 1. Sales volume. According to the latest delivery data of Ideal, a total of 141,000 vehicles were delivered in five months.
According to the production and sales report of Cialis, a total of 186,000 units were sold in May, of which 156,000 were new energy vehicles. From the perspective of car sales, Cialis has surpassed the ideal car.
2. Revenue in the first quarter, Li Auto's revenue was 25.63 billion yuan, and the net profit was 591 million yuan.
In the first quarter, Cialis had a revenue of 26.56 billion and a net profit of 219 million. From the perspective of revenue, Cialis also exceeds the ideal, but from the perspective of profit, the ideal still has a lead.
3. Let's take a look at Cialis and the ideal ledger for assets. In the first quarter, there were 85.1 billion yuan in cash, more than 13.7 billion yuan in fixed deposits, and 149.7 billion yuan in total assets. However, there is also an inventory of 12.1 billion, and for automobile companies, the inventory is mainly finished cars that have been produced but not yet sold, or semi-finished products that are in the production line.
to the asset situation of the Race Force. The "monetary funds" of Cialis are only 21.5 billion, and the current assets + non-current assets are a total of 62.9 billion, and the family background is obviously not as thick as the ideal car. However, the inventory of Cialis is much smaller than ideal, only 4.8 billion.
4. Let's take a look at the debt. Li Auto, with a payable of 54.5 billion yuan in the first quarter, accumulated liabilities of 87.8 billion yuan, and finally, the equity attributable to shareholders is 61.4 billion yuan.
Liabilities to Cellis. In the first quarter, the notes payable by Cialis were 19.8 billion, the accounts payable were 23 billion, the total accumulated liabilities were 55.5 billion, and the equity attributable to shareholders was only 11.6 billion, which was not a small pressure.
Summary of story 2. . In terms of sales volume and revenue, Cialis surpassed Li Auto. However, the ideal car has a solid foundation, and the ideal car production and delivery capacity is relatively goodCialis has just been on the field for a short time, and it's too early to talk about winning or losing.