Ideal Auto achieves double record high revenue and sales in the third quarter of 2024, with eight consecutive quarters of profitability
胡胡胡美丽_ss
发表于 2024-10-31 20:15:09
157
0
0
Red Star Capital Bureau reported on October 31st that Ideal Automobile (02015. HK/LI. US) announced its third quarter 2024 financial report today. The company delivered 152800 new cars in the third quarter, a year-on-year increase of 45.4%; Revenue reached 42.874 billion yuan, a year-on-year increase of 23.6%; The net profit reached 2.82 billion yuan, a year-on-year increase of 0.3%, and it has been profitable for eight consecutive quarters.
Ideal Auto stated that thanks to the hot sales of Ideal L6 and the continuous increase in the sales proportion of AD Max models priced over 300000 yuan, the company's delivery volume and quarterly revenue in the third quarter both reached a historic high. In the new energy vehicle market of over 200000 yuan, the market share of Ideal Automobile increased from 14.4% in the second quarter to 17.3% in the third quarter.
In terms of core gross profit margin, the vehicle gross profit margin of Ideal Automobile in the third quarter was 20.9%, compared to 21.2% in the same period last year, and 18.7% in the second quarter of this year; The overall gross profit margin was 21.5%, compared to 22% in the same period last year, and 19.5% in the second quarter of this year. The increase in gross profit margin of vehicles on a month on month basis is mainly due to cost reduction, but partially offset by a decrease in average selling price mainly caused by different product combinations.
The R&D expenses of Ideal Automobile in the third quarter were 2.6 billion yuan, a year-on-year decrease of 8.2% and a month on month decrease of 14.6%, mainly due to the reduction of design and R&D costs for new products and technologies, as well as a decrease in employee salaries. In the first three quarters of 2024, the R&D expenses of Ideal Automobile totaled 8.66 billion yuan, a year-on-year increase of 22.1%. The new intelligent driving solution combining end-to-end (E2E) and visual language model (VLM) from Ideal Automotive has been fully pushed to over 320000 AD Max owners in October.
The operating expenses of Ideal Automobile in the third quarter were 5.8 billion yuan, an increase of 9.2% year-on-year and 1.5% month on month; Sales, general and administrative expenses amounted to 3.4 billion yuan, an increase of 32.1% year-on-year and 19.3% month on month. This was mainly due to the recognition of share based compensation expenses for the CEO based on performance, as the company believed that the relevant performance targets were likely to be achieved, and the increase in employee compensation resulting from the increase in the number of employees.
Ideal Auto's operating cash flow for the third quarter was 11 billion yuan, with a free cash flow of 9.1 billion yuan. As of September 30, 2024, Ideal Automobile's cash reserves reached 106.5 billion yuan.
Looking ahead to the fourth quarter, Ideal Auto is expected to deliver 160000 to 170000 vehicles, a year-on-year increase of 21.4% to 29.0%; Revenue reached 43.2 billion to 45.9 billion yuan, a year-on-year increase of 3.5% to 10.0%.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- 36034994586981 USD! Total US treasury bond bonds hit a new high
- Huize Insurance's customer base exceeds 10 million, contributing to a total premium of 2.06 billion yuan in the third quarter of 2024
- BOSS direct recruitment: Q3 revenue of 1.912 billion yuan, a year-on-year increase of 19%
- BOSS direct recruitment: Q3 revenue of 1.912 billion yuan, a year-on-year increase of 19%
- BOSS directly hired third quarter revenue of 1.912 billion yuan, a year-on-year increase of 19%
- International gold price hits a new historical high, aiming to reach the $3000 mark next year?
- Education Technology: Net loss of 129 million yuan in the first three quarters of this year, plans to repurchase 10 million US dollars of common stock within one year
- 51Talk's revenue in the first three quarters of this year increased by 75% year-on-year, while its losses decreased by 39.6% year-on-year
- Top 20 US stock transactions: Tesla may no longer report autonomous driving accidents, stock price hits historic high
- Bitcoin stands at $105000, setting a new historical high!
-
生成式人工知能(AI)が巻き起こす技術の波の中で、電力会社は意外にも資本市場の寵児になった。 今年のスタンダード500割株の上昇幅ランキングでは、Vistraなどの従来の電力会社が注目を集め、株価が2倍になってリ ...
- xifangczy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
隔夜株式市場 世界の主要指数は金曜日に多くが下落し、最新のインフレデータが減速の兆しを示したおかげで、米株3大指数は大幅に回復し、いずれも1%超上昇した。 金曜日に発表されたデータによると、米国の11月のPC ...
- SNT
- 前天 12:48
- 支持
- 反对
- 回复
- 收藏
-
長年にわたって、昔の消金大手の捷信消金の再編がようやく地に着いた。 天津銀行の発表によると、同行は京東傘下の2社、対外貿易信託などと捷信消金再編に参加する。再編が完了すると、京東の持ち株比率は65%に達し ...
- SNT
- 前天 12:09
- 支持
- 反对
- 回复
- 收藏
-
【ビットコインが飛び込む!32万人超の爆倉】データによると、過去24時間で世界には32万7000人以上の爆倉があり、爆倉の総額は10億ドルを超えた。
- 断翅小蝶腥
- 3 天前
- 支持
- 反对
- 回复
- 收藏