According to the micro-net news, as Ideal Auto recently announced its financial report for the first quarter of 2021, the three major new domestic automakers, Weilai Auto, Ideal Auto, and Xiaopeng Auto have all released their first quarter revenues. According to statistics, the three companies have combined their operations in the first quarter. Revenue was 14.513 billion yuan, only 21.86% of Tesla’s first quarter revenue.
In the first quarter of this year, Weilai Automobile’s total revenue was RMB 7.982 billion, an increase of 481.8% compared with the same period of the previous year; net loss was RMB 451 million, which was a decrease of 73.3% compared with the same period of the previous year; attributable to the company’s common stock Shareholders’ net loss was RMB 4.875 billion, an increase of 183.0% compared to the same period last year.
Ideal Auto’s total revenue in the first quarter of 2021 was 3.58 billion yuan, an increase of 319.8% from 851.7 million yuan in the same period in 2020; a net loss of 360 million yuan, an increase of 366.9% from the net loss of 77.1 million yuan in the same period in 2020. In this quarter, the deliveries of Ideal ONE were 12,579 units, an increase of 334.4% from 2,896 units in the same period in 2020; car deliveries in the second quarter are expected to reach 14,500-15,500 units, a year-on-year increase of 119.6% to 134.7%. At the same time, Ideal Auto’s auto sales in the quarter were 3.46 billion yuan, an increase of 311.8% year-on-year; the auto profit margin was 16.9%.
Xiaopeng Automobile’s total revenue in the first quarter was 2.951 billion yuan, a year-on-year increase of 616.1%; of which 13,340 vehicles were delivered and sales revenue was 2.81 billion yuan, a year-on-year increase of 655.2%; in addition, the gross profit margin was 11.2%, a year-on-year decrease of 4.8%; net The loss was 786.6 million yuan, an increase of 21.05% year-on-year. For the second quarter, Xiaopeng Motors expects vehicle deliveries to be 15,500-16,000 vehicles, a year-on-year increase of approximately 380.2% to 395.7%.
In the same period, Tesla’s revenue in the first quarter reached 10.4 billion U.S. dollars (about 66.39 billion yuan), an increase of 74% year-on-year; net profit was 464 million U.S. dollars, an increase of 582% year-on-year; net profit attributable to common shareholders was 438 million U.S. dollars, A year-on-year increase of 2638%; of which sales of carbon credits achieved revenue of US$518 million.
The total revenue of the three new domestic car manufacturers in the first quarter was 14.513 billion yuan, only 21.86% of Tesla’s, and none of them achieved profitability. The analysis believes that the investment in R&D by the three new car manufacturers is an important reason why they have not yet been able to achieve profitability. In the first quarter of this year, the research and development expenses of Weilai Automobile, Ideal Automobile and Xiaopeng Automobile were 687 million yuan, 515 million yuan, and 535 million yuan, respectively, accounting for 8.61%, 14.41%, and 18.13% of overall revenue.
It should be noted that Ideal Automobile achieved a profit of 108 million yuan in the fourth quarter of 2020. Although it failed to maintain profitability in the first quarter of this year, Ideal Automobile is still expected to become the first of the three new car manufacturers to achieve a positive annual net profit. enterprise. (Proofreading/Arden)
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